Had Trump listed Gaetz, Hegseth, Gabbard, RFK Jr, Dr Oz, and so on as his definite selections for the Cabinet, I strongly suggest he would not have been elected. His MAGA core, notwithstanding, millions of sober Americans would have rejected the clown car of characters being put in charge of the country. So, Trump punked his voters.
The House of Representatives decision to not release the Gaetz report was a good one.
The House Ethics Committee was directed to investigate Gaetz with a mandate, which was to advise, based on evidence, whether Gaetz would be to resign or to continue as a member. The Ethics Committee is not a prosecutorial body. When Gaetz resigned, for whatever reason, the Committee’s task ended.
Based on what is alleged, it’s now the role of the DOJ to have Gaetz arrested and charged AND the role of the Senate to subpoena the report to develop a case to confirm or not confirm Gaetz as AG.
No matter what anybody thinks of Gaetz, he has not been charged with a crime and has rights if he is. He also has the right to make his case to the Senate. If the confirmation hearings are not held, that’s on the Senate and Trump, not Gaetz.
Putin shifts Russia’s nuclear doctrine. Any attack from a non-nuclear state (ie. Ukraine) that is backed by a nuclear power (US), will be treated as a joint assault on Russia. Washington allowed Ukraine to use US long-range missiles to hit targets in Russia.
Dave
November 19, 2024 3:35 am
#42938
Elon musk said today 20% cut across government contracts will save 1 Trillion in ten years for deficit reduction this news send PLTR stock down today, they have 40% government contract , private company who get this freebie won’t let it happen
Engaged in very heated diatribe on a local neighborhood blog. This is a heavy red area loaded with right-wing MAGA nuts that can’t see beyond their brainwashed beliefs. I am beginning to think, that Civil War 2.0 is coming to America over this next four years. Too bad it comes when I am now too old to put up much of a fight. I’m still willing to lay down my life for democracy though.
I think election result is backlash against liberal and leftist ideology, people got sick of debate about gender change person competing with girls in sports and so on, too much islam in america, US universities is loaded with professors whose value is not same as general us population, vote is not for republican party but it is against democratic party
Harris and Trump are just figureheads for powerful, well-funded ideological forces. This weekend, Biden’s strings were pulled by war hawks who made him declare that Ukraine can now target Russia with ballistic missiles. It’s clear Biden would rather spend his remaining months traveling and drafting notes for his upcoming books. The last thing he wants is a legacy tied to starting a nuclear war. But when the people in ultimate power give orders, Presidents have to comply.
Something similar just happened with Joe Scarborough and Mika. Joe, once a staunch conservative from North Florida, did a complete turnaround when he quit politics after the mysterious death of Lori Klausutis, a young intern, in his office in 2001. Was it blackmail? His shift to join and later marry Mika — whose father, Zbigniew Brzezinski, was a key figure in the David Rockefeller’s New World Order — seems telling. Their show has always been anti-Trump, yet suddenly, after one meeting at Mar-a-Lago, they’ve changed their tune. Coincidence? When the most powerful individuals compel your attendance, you don’t say no.
Meanwhile, what happened with Jane Mayer from the NY Times? She made a comment about Mitch McConnell assuring Trump the Senate would proceed with confirmation hearings — then suddenly, she pulled it. And yet, silence from the media on such a crucial issues by one of America’s top investigative journalists!
And where was the follow-up when Fed Chair Powell boldly stated he wouldn’t take orders from Trump? If that wasn’t the biggest Wall Street story of the year, then I must have missed the others.
Dave, my point is clear: corporate media feeds us a daily diet of propaganda to stay in line with whichever trillionaire-backed ideology is in charge.
Goldbug58, you’re right as well. Extremist ideological groups are steering regular folks toward civil conflict. If Trump enlists a new jackbooted militia — soldiers without official insignia — and sends them to states with GOP governors who order the National Guard to stand down, we’ll know it’s begun. They’ll start by rounding up undocumented criminals to make MAGA troops seem like saviors.
Kaimu is also correct about the New World Order Marxists’ grip on the WEF. As a WEF young leader, Nikki Haley never had a chance against Trump.
I’m just an observer, but it’s all clear to those of us paying attention.
I referred to Jane Mayer, the NY Times investigative journalist. Funny story: Pat, who is in a book club of about 10 women, picked up her 2016 book, Dark Money. But she left it to me, saying she thought it was a murder mystery! It’s a well-researched, terrific book about the ideological extreme right-wing I referred to earlier.
Whether it’s the extreme right or left, their influence today is over the top, leading Americans to civil war if unchecked.
We do not want jackbooted MAGA militia thugs just as voters thankfully rid America of wokeism this month.
The silent majority has to speak up. There is a common ground if we look for it.
Very good and clean transparency policy you mention people are with common sense and little right of the center in politics America people are kinder preople
We are simply going to swing back and forth from far left to right. Back and forth and back and forth until people realize their own poop is still brown and pee is still yellow. Their station in life is the same as 20 years ago. and they all revolt. Not just in usa
Biden and Chinese president Xi agree that any decision to use nuclear weapons should be controlled by humans and not AI. Seriously, that was even under consideration, using artificial intelligence to control nukes?
Federal Deficit: I find the federal deficit to be the biggest issue facing the USA, and it is 1000 times more important than the 2nd biggest issue….which is….oh wait, it doesnt matter. Yet Republican and Democratic leaders prefer to focus on taxes on tips or transgender issues. It seems the federal deficit is the drunk uncle nobody talks about. We will deal with it when sh#t hits the fan. Balancing the budget is not a solution. We need to take sledge hammer to the issue. No Republican or Democrat has got my vote in the past 25 years. As much as you hate Musk, is it possible Musk and Ramaswamy may finally put this issue in the front where it belongs? Is it time for all Americans to realize we are gong to have to sacrifice for the good of our children? Maybe the armed forces, medicare, social security needs a 25% haircut. Maybe many Americans cannot afford their own house,and may have to move in with a relative. It pains me when I hear everyone agree that the government need to curtail spending, but for God’s sake they cant take that away because that is something I use.
Last edited 4 days ago by stev1183
jimg
November 15, 2024 7:07 pm
#42891
Andy Constan:
“Today news articles are reporting that Money Market Mutual Fund assets have grown to over 7TN”
“That is a fact.”
“In this thread I will try to explain why cash has grown and how it could continue to grow or shrink”
Jonathan Chait (The Atlantic) says what must be said: ‘Beyond-worse-case’ Trump scenario is ‘now upon us.’
“(A) kind of political calculus is something that has played out again and again over the years.. Old-guard Republicans appear to be in the middle stage of a familiar Trump-era progression .. It begins He’d never do it before moving on to We’ll stop him if he tries and finally settling on There was nothing we could have done anyway. As they advance through these stages, they will cede Trump more and more power, which will only vindicate their ultimate fatalism. How could they ever have stood up to somebody so strong?”
Chait seems naive about fatalism. Trump 2.0 was not a matter of destiny. In their quest for personal riches, most members of the Republican Party had the choice but willingly became Trump courtiers. Their allegiance was never to the Constitution and the Rule of Law; it was simply a matter of being bought and paid for.
Let’s face it: The US Constitution and Rule of Law are now historical artifacts. The United States of America is now Trump America.
JFK Jr is name secretary of HHH, all vaccine related stock will tank, here is JFK life style In October 2024, at least three women reported having romantic encounters with Kennedy. The women were all associated with the anti-vax nonprofit that Kennedy used to launch his presidential bid. In 2014, a list of 43 rumored mistresses was exposed on Kennedy’s phone, including actress Cheryl Hines. Kennedy declined to comment on the list.
Trump apparently will not permit any Senator, including the opposition, to hold the constitutionally required public hearing to confirm executive appointments.
If the new US Senate agrees to ‘recess appointments’ and the Trump-controlled House of Representatives foregoes the release of the Gaetz ethics investigation that had been forthcoming until Trump stopped it, then Congress is complicit in terminating the US Constitution.
To say that’s the end of the United States of America is not putting too sharp a point to it.
Let’s be honest: Trump will have destroyed the nation.
It will not take long to get the answer. Even if most of Trump’s 73 million American voters want to retract their vote, they can’t, and the world knows what’s coming. Dictatorship from Day One, just as he promised.
This is a reply to a posting I found on the server log but not on the published site.
The comment:
Nothing was in vain. This was never a political blog. It used to be about finance, investing, retail traders trying to squeeze a few bucks out of the market. Years ago you published the Week in Review, it was substantive and you did it week in and week out. I have no idea how you kept up with all of that and also published a book simultaneously. Sadly those days came to a close. We no longer have 300-400 people posting ideas here. I will shut up about politics from now on. This election brought out the worst in me, I couldn’t stand the 2017-2020 era and now its back. Ok, I have said my last on this subject.
I recall writing that the election result was personally disappointing, but probably not for most of you. So I wrote that maybe writing about personal values, as I have for 20 years, and hoping to instill them in readers, was a mistake.
I admit that Trump 1.0 and personal health issues led me to a full-time lifestyle on Time & Space and in a condo in Havana, which took me away from “finance, investing, retail traders trying to squeeze a few bucks out of the market.”
After the Trump defeat, we all suffered from the COVID crisis. In my case, I was hit with a severe concussion, debilitating rheumatism, COVID-19, a dangerous skin cancer, and then stage 3 transitional cell cancer, followed by a second round of COVID-19. It’s been hard to stay focused on the financial markets. With Trump 2.0 and his insane selections for the most important leadership positions in the world, which underscores my point that he is the most despicable person in the last century of American politics, I admit that it is going to be a challenge to return to what we “used to be about.”
A close friend recently told me, “You still have so much to offer.” My answer was, “I don’t know how much more I can give.”
I do want to return to the Week In Review as well as rewrite Trader Wizard because there is a way I’m hoping to do it. While all my friends seem to be well-retired or long dead, I have been working to finish a trading algorithm, a project I started in 1987. I hope to have it ready in a couple of months and I’m going to use the bullish/bearish alerts and the buy/sell signals “to squeeze a few bucks out of the market.”
The new Trader Wizard book will be a fleshed-out Week In Review streamed with weekly alerts and signals from my trading algo. Maybe I’ll have 300-400 subscribers who, if they’re making money, will want to offer posting ideas here.
That’s the plan. If it works, I will be able to continue giving. If it doesn’t, at least you’ll know I never stopped trying.
As for Life & Politics, I won’t have the time or interest to post much. The entertainment that Trump voters sought will not be as pleasant as they hoped for, so I won’t be piling on.
jimg
November 14, 2024 12:46 pm
#42845
“In a world full of stagnation, over easy monetary and fiscal policy is counterintuitively dollar positive.”
“Policy juicing of the economy drives more capital to the US taking advantage of higher relative yields and stronger expected growth, pushing the dollar higher”
“Gold has fallen by 7% since the election which has been roughly 50/50 removal of the election risk premium and about the post-election dollar pop higher. It has reversed the full post-Fed meeting rally as a result”
Interesting that Trump’s new chief of staff Susie Wiles stated, “The clown car will not come into the White house…” She spoke a day or two too early. Surely, Trump’s three selections, Gaetz, Hegseth, and Gabbard, fit the description. The world is agog at what’s going on under “The Big Top.”
I wrote a lot more that WordPress rejected. My point was that if for some shocking reason Matt Gaetz is confirmed as US AG, there will be many life-appointed federal judges who will stand in opposition. He will not have his way in running DOJ in the Trump fashion where criminals are often above the law.
It is not trump or voter, it says a lot about billionaires and big business and industries that supported him, it says a lot about their characters and we going to get what we ask for, may be what he does is normal in usa and we are out of step
On x, it say there was tape circulating among congressmen about this guy having sex with underage girls and was boasting to them that if he had medicine ED, he would have gone all night, american children going to grow up in this environment
So many stories of billionaires not paying for goods and services they use.
From the news today: Bernard Arnault, Europe’s richest man, is suing Elon Musk’s social media platform X (formerly Twitter) for using content from his newspapers, Le Parisien and Les Echos, without paying for it.
Earlier in the week, we learned that Trump did not pay the McDonald’s owner for his use of a day of self-promotion and the food and staff costs consumed.
jimg
November 13, 2024 11:58 am
#42802
Someone is ringing the bell…
“Stocks Are The Most Overpriced In 100 Years | Danielle Park”
In response, most of us are aware of the following:
The market can stay irrational longer than you can stay solvent. This oft-cited quote, or versions of it, is attributed to famous economist John Maynard Keynes. The message here is that no one is bigger than the market, and no matter how right you think you are about a certain stock or trend, the market doesn’t care.
The point Jimg has made, however, is worth considering. I have been making the same statement.
I have also said that for a market to pivot down, actual revenue and earnings reports are usually less than anticipated, so upside rewards no longer outweigh downside risk, causing investors to move into cash. The current ‘Trump Bump’ is mostly a multiples expansion phenomenon. It has little to do with 4Q2024 corporate operations, where overheads are being pressured by inflation, wages, and interest rates, as well as problematic consumer illiquidity and geopolitical issues.
We are close to the point where the rubber hits the road, i.e., when ‘animal spirits’ run out of fuel as investors get real. For signs of that, watch the higher levels of share buy-backs, dividend increases, M&A, and IPOs, which usually signal a market top. Extremely positive sales stories accompany all these events, but the underlying reality is that investors make buying decisions based on improving and forecast-beating corporate fundamentals.
Musk and Ramaswamy to co-head a “Department of Government Efficiency.”
Is this “department” to be run by civil servants or a committee headed by members of the public?
Are Musk and Ramaswamy going to leave their businesses to join the administration? I’ll believe it if and when it happens. Until then, this effort, albeit an essential undertaking, will likely be a committee that Musk and Ramaswamy will lead. That committee will then somehow be linked to the administrative agencies that traditionally receive orders from the President and Congress through Executive Acts and congressional bills. Creating that novel linkage will be an interesting exercise.
Peter Schiff is right. Musk and Ramaswamy will run nothing. There will be no “Department,” and there will be no Senate confirmations of Musk and Ramaswamy.
Congress will still be in charge of budget cuts and spending. Moreover, while I, too, wish it were not true, many job protections in place would make terminations illegal.
However, I think a government efficiency committee under Musk and Ramaswamy will be very public and influential in its statements. The GOP-controlled Congress will be able to effect some major changes. I just don’t think the change will be earth-shattering as Trump has been saying.
Trump’s decision to appoint Fox media personality Pete Hegseth to oversee the world’s most powerful military is jaw-dropping to the US military leaders and, frankly, to the rest of the world. Here’s the AP News take, and then I’ll give you mine.
Putting aside his military experience, Pete Hegseth is an all-in conservative. If he and I had been elected, we would have voted 98% the same way.
As a Fox co-host for several years, he had the opportunity and encouragement to present his strong opinions, many of which were extreme. But, while he was passionate, I did not find him to be smug, condescending, and smart-alecky like most of his cohorts.
My problem with the Hegseth appointment is that he has almost no experience in military oversight at the highest level. Nowhere close to what is required.
If Trump and Hegseth were to jointly announce that retired four-star Army general Jack Keane, the Fox senior military analyst who once served as US Army vice chief of staff, would be Deputy Secretary of Defense, I could accept Trump’s decision on Hegseth. But not without that kind of insurance.
Like most conservatives, I look forward to the end of wokeism in the US military, which is why Hegseth was appointed and will likely be confirmed by the incoming Senate. I believe elevating social and individual rights in the military to the extent it’s pervasive in society is flat wrong, and Hegseth will work to reverse that process quickly.
However, Hegseth has zero experience with the life-or-death military decisions of the highest order that must be made daily in the Pentagon. Putting him in charge would be akin to moving an all-star high school quarterback directly onto an NFL roster and expecting him to win the Super Bowl. That might work in Hollywood, but not in the real world.
Served in US National Guard (Army) so not even a full-timer but does have combat experience from what I’ve read. As for his moral compass, marriage #1 ended in divorce, marriage #2 ended in divorce as he was having an extra-marital affair and the woman he cheated with got pregnant. He married her after wife #2 ditched him.
America has been punked.
Had Trump listed Gaetz, Hegseth, Gabbard, RFK Jr, Dr Oz, and so on as his definite selections for the Cabinet, I strongly suggest he would not have been elected. His MAGA core, notwithstanding, millions of sober Americans would have rejected the clown car of characters being put in charge of the country. So, Trump punked his voters.
The House of Representatives decision to not release the Gaetz report was a good one.
The House Ethics Committee was directed to investigate Gaetz with a mandate, which was to advise, based on evidence, whether Gaetz would be to resign or to continue as a member. The Ethics Committee is not a prosecutorial body. When Gaetz resigned, for whatever reason, the Committee’s task ended.
Based on what is alleged, it’s now the role of the DOJ to have Gaetz arrested and charged AND the role of the Senate to subpoena the report to develop a case to confirm or not confirm Gaetz as AG.
No matter what anybody thinks of Gaetz, he has not been charged with a crime and has rights if he is. He also has the right to make his case to the Senate. If the confirmation hearings are not held, that’s on the Senate and Trump, not Gaetz.
If i were the supreme ruler of this planet, a simple rule would fix most of our problems.
If an adult could not care for and love a dog from puppy to grave on their own, they too would be removed from the earth.
Compassion, empathy, kindness mental and physical health would all skyrocket.
Depression, violence, malice would all plummet.
Putin shifts Russia’s nuclear doctrine. Any attack from a non-nuclear state (ie. Ukraine) that is backed by a nuclear power (US), will be treated as a joint assault on Russia. Washington allowed Ukraine to use US long-range missiles to hit targets in Russia.
Elon musk said today
20% cut across government contracts will save 1 Trillion in ten years for deficit reduction
this news send PLTR stock down today, they have 40% government contract , private company who get this freebie won’t let it happen
Engaged in very heated diatribe on a local neighborhood blog. This is a heavy red area loaded with right-wing MAGA nuts that can’t see beyond their brainwashed beliefs. I am beginning to think, that Civil War 2.0 is coming to America over this next four years. Too bad it comes when I am now too old to put up much of a fight. I’m still willing to lay down my life for democracy though.
I think election result is backlash against liberal and leftist ideology, people got sick of debate about gender change person competing with girls in sports and so on, too much islam in america, US universities is loaded with professors whose value is not same as general us population, vote is not for republican party but it is against democratic party
Dave, I completely agree with you.
Harris and Trump are just figureheads for powerful, well-funded ideological forces. This weekend, Biden’s strings were pulled by war hawks who made him declare that Ukraine can now target Russia with ballistic missiles. It’s clear Biden would rather spend his remaining months traveling and drafting notes for his upcoming books. The last thing he wants is a legacy tied to starting a nuclear war. But when the people in ultimate power give orders, Presidents have to comply.
Something similar just happened with Joe Scarborough and Mika. Joe, once a staunch conservative from North Florida, did a complete turnaround when he quit politics after the mysterious death of Lori Klausutis, a young intern, in his office in 2001. Was it blackmail? His shift to join and later marry Mika — whose father, Zbigniew Brzezinski, was a key figure in the David Rockefeller’s New World Order — seems telling. Their show has always been anti-Trump, yet suddenly, after one meeting at Mar-a-Lago, they’ve changed their tune. Coincidence? When the most powerful individuals compel your attendance, you don’t say no.
Meanwhile, what happened with Jane Mayer from the NY Times? She made a comment about Mitch McConnell assuring Trump the Senate would proceed with confirmation hearings — then suddenly, she pulled it. And yet, silence from the media on such a crucial issues by one of America’s top investigative journalists!
And where was the follow-up when Fed Chair Powell boldly stated he wouldn’t take orders from Trump? If that wasn’t the biggest Wall Street story of the year, then I must have missed the others.
Dave, my point is clear: corporate media feeds us a daily diet of propaganda to stay in line with whichever trillionaire-backed ideology is in charge.
Goldbug58, you’re right as well. Extremist ideological groups are steering regular folks toward civil conflict. If Trump enlists a new jackbooted militia — soldiers without official insignia — and sends them to states with GOP governors who order the National Guard to stand down, we’ll know it’s begun. They’ll start by rounding up undocumented criminals to make MAGA troops seem like saviors.
Kaimu is also correct about the New World Order Marxists’ grip on the WEF. As a WEF young leader, Nikki Haley never had a chance against Trump.
I’m just an observer, but it’s all clear to those of us paying attention.
I referred to Jane Mayer, the NY Times investigative journalist. Funny story: Pat, who is in a book club of about 10 women, picked up her 2016 book, Dark Money. But she left it to me, saying she thought it was a murder mystery! It’s a well-researched, terrific book about the ideological extreme right-wing I referred to earlier.
Whether it’s the extreme right or left, their influence today is over the top, leading Americans to civil war if unchecked.
We do not want jackbooted MAGA militia thugs just as voters thankfully rid America of wokeism this month.
The silent majority has to speak up. There is a common ground if we look for it.
Very good and clean transparency policy you mention people are with common sense and little right of the center in politics
America people are kinder preople
About Joe Scarborough and Mika.
We are simply going to swing back and forth from far left to right. Back and forth and back and forth until people realize their own poop is still brown and pee is still yellow. Their station in life is the same as 20 years ago. and they all revolt. Not just in usa
This is another example of why hockey is the most vicious sport.
The NHL suspended Toronto Maple Leafs Ryan Reaves for five games and fined him $35,156.25 for that check on Edmonton Oilers Darnell Nurse.
Darnell Nurse can attest that the equipment the players wear is not shock-absorbing as the NHL would have the public believe.
Toronto shows Taylor Swift she’s a lot more popular than Trump.
https://www.youtube.com/watch?v=nBSaA0_Wffs
Josh Allen. As good as it gets.
Play of the year.
Player of the year.
Buffalo 30, KC 21.
Biden and Chinese president Xi agree that any decision to use nuclear weapons should be controlled by humans and not AI. Seriously, that was even under consideration, using artificial intelligence to control nukes?
Federal Deficit:
I find the federal deficit to be the biggest issue facing the USA, and it is 1000 times more important than the 2nd biggest issue….which is….oh wait, it doesnt matter. Yet Republican and Democratic leaders prefer to focus on taxes on tips or transgender issues. It seems the federal deficit is the drunk uncle nobody talks about. We will deal with it when sh#t hits the fan. Balancing the budget is not a solution. We need to take sledge hammer to the issue. No Republican or Democrat has got my vote in the past 25 years. As much as you hate Musk, is it possible Musk and Ramaswamy may finally put this issue in the front where it belongs? Is it time for all Americans to realize we are gong to have to sacrifice for the good of our children? Maybe the armed forces, medicare, social security needs a 25% haircut. Maybe many Americans cannot afford their own house,and may have to move in with a relative. It pains me when I hear everyone agree that the government need to curtail spending, but for God’s sake they cant take that away because that is something I use.
Andy Constan:
“Today news articles are reporting that Money Market Mutual Fund assets have grown to over 7TN”
“That is a fact.”
“In this thread I will try to explain why cash has grown and how it could continue to grow or shrink”
https://threadreaderapp.com/thread/1857433676058853545.html?utm_campaign=topunroll
Jonathan Chait (The Atlantic) says what must be said: ‘Beyond-worse-case’ Trump scenario is ‘now upon us.’
“(A) kind of political calculus is something that has played out again and again over the years.. Old-guard Republicans appear to be in the middle stage of a familiar Trump-era progression .. It begins He’d never do it before moving on to We’ll stop him if he tries and finally settling on There was nothing we could have done anyway. As they advance through these stages, they will cede Trump more and more power, which will only vindicate their ultimate fatalism. How could they ever have stood up to somebody so strong?”
Chait seems naive about fatalism. Trump 2.0 was not a matter of destiny. In their quest for personal riches, most members of the Republican Party had the choice but willingly became Trump courtiers. Their allegiance was never to the Constitution and the Rule of Law; it was simply a matter of being bought and paid for.
Let’s face it: The US Constitution and Rule of Law are now historical artifacts. The United States of America is now Trump America.
Trump picks RFK Jr as HHS Secretary
https://www.wsj.com/politics/policy/rfk-jr-trump-cabinet-hhs-secretary-84ba0802?st=KSxx2D&reflink=mobilewebshare_permalink
North American processed foods when compared to EU versions are night and day.
JFK Jr is name secretary of HHH, all vaccine related stock will tank, here is JFK life style
In October 2024, at least three women reported having romantic encounters with Kennedy. The women were all associated with the anti-vax nonprofit that Kennedy used to launch his presidential bid.
In 2014, a list of 43 rumored mistresses was exposed on Kennedy’s phone, including actress Cheryl Hines. Kennedy declined to comment on the list.
The first actual signs of America’s new dictator.
Trump apparently will not permit any Senator, including the opposition, to hold the constitutionally required public hearing to confirm executive appointments.
If the new US Senate agrees to ‘recess appointments’ and the Trump-controlled House of Representatives foregoes the release of the Gaetz ethics investigation that had been forthcoming until Trump stopped it, then Congress is complicit in terminating the US Constitution.
To say that’s the end of the United States of America is not putting too sharp a point to it.
Let’s be honest: Trump will have destroyed the nation.
It will not take long to get the answer. Even if most of Trump’s 73 million American voters want to retract their vote, they can’t, and the world knows what’s coming. Dictatorship from Day One, just as he promised.
This is a reply to a posting I found on the server log but not on the published site.
The comment:
Nothing was in vain. This was never a political blog. It used to be about finance, investing, retail traders trying to squeeze a few bucks out of the market. Years ago you published the Week in Review, it was substantive and you did it week in and week out. I have no idea how you kept up with all of that and also published a book simultaneously. Sadly those days came to a close. We no longer have 300-400 people posting ideas here. I will shut up about politics from now on. This election brought out the worst in me, I couldn’t stand the 2017-2020 era and now its back. Ok, I have said my last on this subject.
I recall writing that the election result was personally disappointing, but probably not for most of you. So I wrote that maybe writing about personal values, as I have for 20 years, and hoping to instill them in readers, was a mistake.
I admit that Trump 1.0 and personal health issues led me to a full-time lifestyle on Time & Space and in a condo in Havana, which took me away from “finance, investing, retail traders trying to squeeze a few bucks out of the market.”
After the Trump defeat, we all suffered from the COVID crisis. In my case, I was hit with a severe concussion, debilitating rheumatism, COVID-19, a dangerous skin cancer, and then stage 3 transitional cell cancer, followed by a second round of COVID-19. It’s been hard to stay focused on the financial markets. With Trump 2.0 and his insane selections for the most important leadership positions in the world, which underscores my point that he is the most despicable person in the last century of American politics, I admit that it is going to be a challenge to return to what we “used to be about.”
A close friend recently told me, “You still have so much to offer.” My answer was, “I don’t know how much more I can give.”
I do want to return to the Week In Review as well as rewrite Trader Wizard because there is a way I’m hoping to do it. While all my friends seem to be well-retired or long dead, I have been working to finish a trading algorithm, a project I started in 1987. I hope to have it ready in a couple of months and I’m going to use the bullish/bearish alerts and the buy/sell signals “to squeeze a few bucks out of the market.”
The new Trader Wizard book will be a fleshed-out Week In Review streamed with weekly alerts and signals from my trading algo. Maybe I’ll have 300-400 subscribers who, if they’re making money, will want to offer posting ideas here.
That’s the plan. If it works, I will be able to continue giving. If it doesn’t, at least you’ll know I never stopped trying.
As for Life & Politics, I won’t have the time or interest to post much. The entertainment that Trump voters sought will not be as pleasant as they hoped for, so I won’t be piling on.
“In a world full of stagnation, over easy monetary and fiscal policy is counterintuitively dollar positive.”
“Policy juicing of the economy drives more capital to the US taking advantage of higher relative yields and stronger expected growth, pushing the dollar higher”
“Gold has fallen by 7% since the election which has been roughly 50/50 removal of the election risk premium and about the post-election dollar pop higher. It has reversed the full post-Fed meeting rally as a result”
Thread.
https://threadreaderapp.com/thread/1857041940954374619.html?utm_campaign=topunroll
Trump’s clown car got filled today.
Interesting that Trump’s new chief of staff Susie Wiles stated, “The clown car will not come into the White house…” She spoke a day or two too early. Surely, Trump’s three selections, Gaetz, Hegseth, and Gabbard, fit the description. The world is agog at what’s going on under “The Big Top.”
Matt Gaetz as US Attorney General.
This is a nightmare. Does criminal Gaetz have any chance of Senate confirmation?
I wrote a lot more that WordPress rejected. My point was that if for some shocking reason Matt Gaetz is confirmed as US AG, there will be many life-appointed federal judges who will stand in opposition. He will not have his way in running DOJ in the Trump fashion where criminals are often above the law.
Will execute Trump’s desire for retribution on those who prosecuted him, according to a New York Times opinion.
It is not trump or voter, it says a lot about billionaires and big business and industries that supported him, it says a lot about their characters and we going to get what we ask for, may be what he does is normal in usa and we are out of step
On x, it say there was tape circulating among congressmen about this guy having sex with underage girls and was boasting to them that if he had medicine ED, he would have gone all night, american children going to grow up in this environment
So many stories of billionaires not paying for goods and services they use.
From the news today: Bernard Arnault, Europe’s richest man, is suing Elon Musk’s social media platform X (formerly Twitter) for using content from his newspapers, Le Parisien and Les Echos, without paying for it.
Earlier in the week, we learned that Trump did not pay the McDonald’s owner for his use of a day of self-promotion and the food and staff costs consumed.
Someone is ringing the bell…
“Stocks Are The Most Overpriced In 100 Years | Danielle Park”
https://www.youtube.com/watch?v=F6mMp0OUgDg
In response, most of us are aware of the following:
The point Jimg has made, however, is worth considering. I have been making the same statement.
I have also said that for a market to pivot down, actual revenue and earnings reports are usually less than anticipated, so upside rewards no longer outweigh downside risk, causing investors to move into cash. The current ‘Trump Bump’ is mostly a multiples expansion phenomenon. It has little to do with 4Q2024 corporate operations, where overheads are being pressured by inflation, wages, and interest rates, as well as problematic consumer illiquidity and geopolitical issues.
We are close to the point where the rubber hits the road, i.e., when ‘animal spirits’ run out of fuel as investors get real. For signs of that, watch the higher levels of share buy-backs, dividend increases, M&A, and IPOs, which usually signal a market top. Extremely positive sales stories accompany all these events, but the underlying reality is that investors make buying decisions based on improving and forecast-beating corporate fundamentals.
Musk and Ramaswamy to co-head a “Department of Government Efficiency.”
Is this “department” to be run by civil servants or a committee headed by members of the public?
Are Musk and Ramaswamy going to leave their businesses to join the administration? I’ll believe it if and when it happens. Until then, this effort, albeit an essential undertaking, will likely be a committee that Musk and Ramaswamy will lead. That committee will then somehow be linked to the administrative agencies that traditionally receive orders from the President and Congress through Executive Acts and congressional bills. Creating that novel linkage will be an interesting exercise.
Peter Schiff is right. Musk and Ramaswamy will run nothing. There will be no “Department,” and there will be no Senate confirmations of Musk and Ramaswamy.
Congress will still be in charge of budget cuts and spending. Moreover, while I, too, wish it were not true, many job protections in place would make terminations illegal.
However, I think a government efficiency committee under Musk and Ramaswamy will be very public and influential in its statements. The GOP-controlled Congress will be able to effect some major changes. I just don’t think the change will be earth-shattering as Trump has been saying.
Pete Hegseth: The question is why?
Trump’s decision to appoint Fox media personality Pete Hegseth to oversee the world’s most powerful military is jaw-dropping to the US military leaders and, frankly, to the rest of the world. Here’s the AP News take, and then I’ll give you mine.
Putting aside his military experience, Pete Hegseth is an all-in conservative. If he and I had been elected, we would have voted 98% the same way.
As a Fox co-host for several years, he had the opportunity and encouragement to present his strong opinions, many of which were extreme. But, while he was passionate, I did not find him to be smug, condescending, and smart-alecky like most of his cohorts.
My problem with the Hegseth appointment is that he has almost no experience in military oversight at the highest level. Nowhere close to what is required.
If Trump and Hegseth were to jointly announce that retired four-star Army general Jack Keane, the Fox senior military analyst who once served as US Army vice chief of staff, would be Deputy Secretary of Defense, I could accept Trump’s decision on Hegseth. But not without that kind of insurance.
Like most conservatives, I look forward to the end of wokeism in the US military, which is why Hegseth was appointed and will likely be confirmed by the incoming Senate. I believe elevating social and individual rights in the military to the extent it’s pervasive in society is flat wrong, and Hegseth will work to reverse that process quickly.
However, Hegseth has zero experience with the life-or-death military decisions of the highest order that must be made daily in the Pentagon. Putting him in charge would be akin to moving an all-star high school quarterback directly onto an NFL roster and expecting him to win the Super Bowl. That might work in Hollywood, but not in the real world.
Last time I checked, we live in the real world.
I must agree with Ron Filipkowski on this one.
Fox media’s Pete Hegseth is to be the Secretary of Defense? Tell me how this isn’t a clown show.
Served in US National Guard (Army) so not even a full-timer but does have combat experience from what I’ve read. As for his moral compass, marriage #1 ended in divorce, marriage #2 ended in divorce as he was having an extra-marital affair and the woman he cheated with got pregnant. He married her after wife #2 ditched him.
Compare the Hegseth bio with the current Secretary of Defense Lloyd Austin.
This is sad.