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Michael Maiello's picture

How the Shutdown Could Wreck the Economy

The China trade war seems to be costing both the U.S. and China, as trade wars do.  President Trump is probably correct that China is suffering more, but if you look at Apple's warning about diminishing iPhone sales, you see that punishing China has something of a boomerang effect for American multinationals.  Of course, anything that hurts Apple hurts the entire semiconductor supply chain, so there are far reaching consequences. Still, if Trump's argument is that China will eventually give because it's feeling more pain, then I think I can at least entertain the notion.

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Michael Maiello's picture

Is the Fed Messing Up?

I really don't know!

The good thing about the Fed is that if it is messing up, it can always reverse course.  Interest rates remain low, but the central bank now has a lot of room to cut or even go back to QE, if the economy seems too tempered.

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Michael Maiello's picture

We Never Should Have Had Military Forces in Syria in the First Place

The collective wisdom seems to be that President Obama blundered when he drew a “red line” over the use of chemical weapons in Syria and then did nothing when Assad’s dictatorship crossed it.  I remember things differently.  I look at it through the lens of all the things that didn’t happen.

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Michael Maiello's picture

Dag Needs Some Culture

I know most of you know Natasha Gural, friend to Dagblog and delightful political radical.  What you may not know is she is one of the best writers about art and culture out there today, and has for too long been without a venue.  Well, no more.  Natasha was selected to join the Forbes contributor network and will be writing as many as seven stories a month about art and the art world.

Michael Maiello's picture

Nobody Misses the WASPs

"Those virtues included a spirit of noblesse oblige and personal austerity and piety that went beyond the thank-you notes and boat shoes and prep school chapel going — a spirit that trained the most privileged children for service, not just success, that sent men like Bush into combat alongside the sons of farmers and mechanics in the same way that it sent missionaries and diplomats abroad in the service of their churches and their country."

This is hilarious.  Of course it's Ross Douthat because, what other self-hating Catholic and devotee to slave morality would write a column about how much the U.S. needs and misses the old line New England WASPs that used to specifically exclude Catholics like him from high society?

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Michael Maiello's picture

GM Owes the Country an Apology and at least $11.2 Billion

That GM is laying off 15,000 people and closing five plants in the US when it owes its very existence to the generosity of U.S. taxpayers is blatantly unforgivable.  The story here is really simple: GM got paid off, its US workers got laid off.

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Michael Maiello's picture

If It Cries in Terror, It Doesn't Lead

Last night I was on the Twitter and started seeing photos of children on Mexico's side of the border with the United States running from clouds of tear gas. The photos I saw were distributed by Reuters and it was clearly reported that tear gas had been fired into Mexico by agents of the U.S.

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Michael Maiello's picture

Abusing the Stock Market

Today, His Fraudulency Tweeted that recent stock market volatility is all about investors worried that a Democratic-controlled House will "harass" him in its oversight role.  I don't know why the stock market has been more volatile lately.  I have some ideas, and they aren't very surprising. Here's a quickie list:

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Personal Information

Website
http://www.dagblog.com
Superpowers

Figure Four Leglock.

Favorite Quotes

Jet flyin, limo ridin, kiss stealin, wheelin, dealing, son of a gun!

Biography

Michael Maiello (also known as "Destor23") is a New York based columnist, performer, fiction author and playwright. He is the author of Shuts & Failures, Rejected New Yorker Pieces (Also Rejected by McSweeney's!). He worked for ten years at Forbes Media, writing and editing for both Forbes Magazine and Forbes.com and also appeared frequently on CNBC, Fox News, Fox Business News, CNN and MSNBC.  He is also the author of the 2004 book Buy The Rumor, Sell The Fact: 85 Wall Street Maxims and What They Really Mean. He has performed stand up comedy at The Laugh Factory, The Comic Strip and the Philadelphia Fringe Festival, Mama D's Arts Bordello and The Lost and Found Show. He has had four plays published (Night of Faith and Waiting For Death by Playscripts.com; Principia and Troy! Troy! Troy!by The New York Theatre Experience/indiethieatrenow). He has written for Rolling Stone, The Daily, Reuters, Esquire, McSweeney's the Liar's League reading series and theNewerYork.

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