• Category Archives Politics
  • Our Most Important Campaign Deadline So Far Is Here – And Here Is The Shocking Reason I Am Not Asking For Any Money

    The most important deadline that we have faced so far is at midnight on Sunday, but I am not going to ask you for any money. I just want to say thank you to everyone that has donated, volunteered and prayed over the past six months. Without all of your efforts, it would have been impossible for us to be within striking distance of victory here in Idaho’s first congressional district with just a little more than four months to go until election day. When I first announced that I would be running, many people told me that it would be impossible for a political outsider to win in this district, but we are proving the naysayers wrong. We are so far ahead of where we thought that we would be at this point, and our opponents are literally freaking outover how well we are doing.
    As the December 31st deadline approaches, my opponents have been sending out email after email in a desperate scramble for money. The reason why I know this is true is because we are on all of their email lists.
    But I have decided that we are not going to do the same thing. Yes, we need support just as badly as they do, but I am simply going to trust the Lord that the resources will come in. We have already told our supporters what our needs are, and we are going to trust that the Lord will move in the hearts of those that are supposed to give.
    The stakes in this race are exceedingly high. As we look at the numbers, it appears likely that one particular opponent is likely to emerge victorious if I do not win next May. If he wins, it will be a complete and utter disaster for the Trump movement.
    This particular opponent fought to keep Donald Trump out of the White House, his campaign has repeatedly attacked my faith, and by lying over and over again he has demonstrated that he simply does not have the moral character to serve in Congress.

    This post was published at The Economic Collapse Blog on December 30th, 2017.


  • “Q1 Stock Market Outlook: We’re Gonna Need a Bigger Slide”

    Submitted by FFWiley
    If 2018 rings in a bear market, it could look something like the Kennedy Slide of 1962.
    That was my conclusion in ‘Riding the Slide,’ published in early September, where I showed that the Kennedy Slide was unique among bear markets of the last eighty years. It was the only bear that wasn’t obviously provoked by rising inflation, tightening monetary policy, deteriorating credit markets or, less commonly, world war or depression.
    Moreover, market conditions leading up to the Slide should be familiar – they’re not too far from market conditions since Donald Trump won the 2016 presidential election. In the first year after Kennedy’s election, as in the first year after Trump’s election, inflation seemed under control, interest rates were low, credit spreads were tight, and the economy was growing. And, in both cases, the stock market was booming.

    This post was published at Zero Hedge on Sat, 12/30/2017 –.


  • Italian Bonds Slide As Market Realizes ECB Has Been The Only Buyer

    In an otherwise calm market, Italian bonds have been sold off today, breaking away from the broader bullish sentiment amid the European bond market, with the yield on 10Y BTPs rising as much as 5bps, above 2% for the first time since October 26.
    While there has been no specific catalyst, some traders are starting to factor in the potential political confusion that could result after the Italian elections due in just over 2 months. As a reminder, on March 4, voters in eurozone’s third-largest economy will head to the polls amid dwindling support for the ruling pro-EU centre-left Democratic party and rising support for the Eurosceptic opposition.
    According to the FT, the likely scenarios after the vote range include a hung parliament, a grand coalition or a populist government with a much more confrontational attitude towards Brussels, including the most troubling outcome: plans to question Italy’s membership of the single currency.

    This post was published at Zero Hedge on Fri, 12/29/2017 –.


  • Stock Markets Hyper-Risky 2

    The US stock markets enjoyed an extraordinary surge in 2017, shattering all kinds of records. This was fueled by hopes for big tax cuts soon since Republicans regained control of the US government. But such relentless rallying has catapulted complacency, euphoria, and valuations to dangerous bull-slaying extremes. This has left today’s beloved and lofty stock markets hyper-risky, with serious selloffs looming large.
    History proves that stock markets are forever cyclical, no trend lasts forever. Great bulls and bears alike eventually run their courses and give up their ghosts. Sooner or later every secular trend yields to extreme sentiment peaking, then the markets inevitably reverse. Popular greed late in bulls, and fear late in bears, ultimately hits unsustainable climaxes. All near-term buyers or sellers are sucked in, killing the trend.
    This mighty stock bull born way back in March 2009 has proven exceptional in countless ways. As of mid-December, the flagship S&P 500 broad-market stock index (SPX) has powered 297.6% higher over 8.8 years! Investors take this for granted, but it’s far from normal. That makes this bull the third-largest and second-longest in US stock-market history. And the superior bull specimens vividly highlight market cyclicality.
    The SPX’s biggest and longest bull on record soared 417% higher between October 1990 and March 2000. After it peaked in epic bubble-grade euphoria, the SPX soon yielded to a brutal 49% bear market over the next 2.6 years. The SPX wouldn’t decisively power above those bull-topping levels until 12.9 years later in early 2013, thanks to the Fed’s unprecedented QE3 campaign! The greatest bull ended in tears.

    This post was published at ZEAL LLC on December 29, 2017.


  • Daily Trades for December 29, 2017

    The selection algo generated 9 potential longs and 4 shorts on Thursday. I have chosen 2 longs and no shorts to be added the list. After trades closed out, there will now be 16 open longs and 5 open shorts.
    Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this month.
    Market Update Pro subscribers click here to download the report.

    This post was published at Wall Street Examiner on December 29, 2017.


  • NY Gov Rips Trump Tax Bill: “Let’s Pillage The Blue To Give To The Red”

    It seems that Trump’s tax plan has officially turned New York Governor Andrew Cuomo into a “trickle down” economics guy.
    Apparently unhappy that the new tax legislation will result in higher taxes for the “millionaire, billionaire, private jet owners” of his state who have mortgages over $750,000 and annual property taxes of over $10,000, Cuomo said that the White House’s efforts to “spread the wealth around” are nothing more than an effort to “pillage the blue to give to the red.”
    “Look, there’s always politics in crafting of legislation. But, this was an egregious, obnoxious…what the Senate was saying is because we have no Senators from the ‘Blue States’ we don’t care. So let’s pillage the blue to give to the red.”
    “That’s never been done in this nation before. That’s partisan politicking over any semblance of good government.”

    This post was published at Zero Hedge on Thu, 12/28/2017 –.


  • Trump Tax Cuts – The Spark That Burns Down The EU

    Authored by Tom Luongo,
    For most of this year I’ve been wondering what would the spark that would set off a banking panic in the European Union.
    I know, but what do I do for fun, right?
    I’ve chronicled the political breakdown of the EU, from Brexit to Catalonia to Germany’s bitch-slapping Angela Merkel at the ballot box. All of these things have been open rebukes of EU leadership and it’s insane neoliberal push towards the destruction of national sovereignty and identity.
    And what has propped up this slow train-wreck to this point has been the world’s financial markets inherent need to believe in the relative infallibility of its central bankers.
    Because without competent people operating the levers of monetary policy, this whole thing loses confidence faster than you can say, ‘Bank run.’
    The confluence of these things with the big changes happening politically here at home with President Trump are creating the environment for big trend changes to begin unfolding.
    And, as always, you have to look to the sovereign bond and credit markets to see what’s coming.

    This post was published at Zero Hedge on Thu, 12/28/2017 –.


  • Human Courage And Kindness Stand As Obstacles To The Void

    Among liberty activists, there is a rather universal consensus on what ails our nation. We understand that there is a concerted and deliberate effort by the establishment to undermine individual rights and constitutional protections. We understand that there is a coordinated effort by international financiers to destabilize our economy and siphon wealth from the middle class until it shrivels up and dies. We understand that there is an organized plan to radicalize the public along ideological lines and pit them against each other. We understand that geopolitics and regional wars are exploited to distract us from underlying issues. There is not very much debate over these realities; the evidence is overwhelming.
    However, there is constant disagreement among activists on solutions to these problems, and there are several reasons why this conflict persists. Let’s examine them…
    Ease Versus Struggle
    This is one conflict that I don’t think many people recognize or pay much attention to, but it stands as a key weakness that derails effective action. There is a distaste among some liberty activists for the idea of self sacrifice and struggle in achieving freedom. The reality is most fights are won through persistence and force of will; there are no shortcuts to defeating tyranny. There are no secret weapons. There is only indomitable spirit. That’s it. It doesn’t matter if you have a movement of 100 people or 100 million – any goal is achievable, but only so long as you accept the cost of pain and sacrifice required.

    This post was published at Alt-Market on Thursday, 28 December 2017.


  • Five Things Professors Actually Said In 2017

    Via Campus Reform,
    Most Americans expect college professors to be beacons of knowledge and wisdom, or at least to exercise more maturity than their teenage students.
    ***
    Every year, however, Campus Reform comes across professors who unashamedly make outrageous, preposterous, and downright absurd remarks in their classrooms and on social media, denigrating conservatives and their viewpoints.
    In 2017, President Trump’s first year in the Oval Office brought academic rage to new heights as professors frequently blasted the Commander-in-Chief and berated his voters, traditional conservatives, and anyone who does not embrace progressivism.

    This post was published at Zero Hedge on Wed, 12/27/2017.


  • $1.5 Trillion GOP Tax Bill Signed By Trump – Housing Largely Uneffected Thanks To Lower Marginal Tax Rates (Ham and Mayonnaise!)

    This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.
    President Trump on Friday signed the Republican $1.5 trillion tax overhaul that is expected to trigger tax cuts for most Americans next year. The GOP/Trump bill undoes some of the damage caused by the tax increases put in place on January 1, 2015 by the Obamacare legislation such as increasing the top bracket from 35% to 39.6%.
    Although this is not related to housing per se, the corporate tax rate has been cut to 21%, putting the US in the middle of the G-7 nations instead of being the most heavily tax major nation on earth.

    This post was published at Wall Street Examiner on December 26, 2017.


  • Hysertianomics: S&P 500 Index UP 25% Since Trump Election As Fed Keeps Raising Rates (Krugman Said Markets Would Never Recover)

    This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.
    Nobel Laureate Economist Paul Krugman said on November 8, 2016 that markets will never recover from the stock market decline that occurred on November 7th, the day before the Presidential election.

    This post was published at Wall Street Examiner by Anthony B Sanders ‘ December 26, 2017.


  • Where European Populism Will Be Strongest In 2018

    While the establishment may breathe a sigh of relief looking back at political developments and events in Europe – which was spared some of the supposedly “worst-case scenarios” including a Marine le Pen presidency, a Merkel loss and a Geert Wilders victory – in 2017, any victory laps will have to be indefinitely postponed because as Goldman writes in its “Top of Mind” peek at 2018, Europe’s nationalist and populist tide was just resting, and as Pascal Lamy, the former Chief of Staff to the President of the European Commission admitted earlier this year, “Euroskeptic politicians are largely following the pulse of domestic sentiment. The fact is that the public is less enthusiastic about Europe than it once was.”
    Echoing the sentiment by the europhile, Goldman’s Allison Nathan writes that while the Euro area’s most immediate political risks – i.e., populist or euroskeptic parties winning key elections this year – did not materialize, these movements have continued to gain traction.
    In the Dutch elections in March, the far-right Party for Freedom performed worse than polls had once predicted, but still increased its share of the vote relative to the 2012 elections. It remains the second-largest party in parliament. In France, concerns about the prospect of Marine Le Pen winning the presidency gave way to optimism over Emmanuel Macron’s reform agenda; nonetheless, Le Pen posted the best-ever showing for her party in a presidential race. In Germany, Chancellor Angela Merkel’s CDU-CSU retained the largest number of seats in the Bundestag, but the far-right Alternative fr Deutschland (AfD) entered it for the first time with 13% of the vote. And elsewhere in Europe, populist parties on various parts of the political spectrum performed well enough to participate in government coalitions; indeed, an anti-establishment candidate in the Czech Republic recently became prime minister Some other observations and lessons from recent European events in the twilight days of 2017:

    This post was published at Zero Hedge on Dec 26, 2017.


  • One Bank Is Unsure If Any Humans Still Trade Stocks In Japan, Or Have All Moved To Bitcoin

    While the wholesale disappearance of retail traders from stock markets is hardly a novel observation, it has taken on a whole new meaning in Japan, where the lack of carbon-based investors has prompted Deutsche Bank to ask if “Japan’s stocks are still traded at all by humans.”
    As Deutsche strategist Masao Muraki writes, since the US presidential election, Japanese stocks (in this case the TOPIX index) have been almost entirely defined by just three things: US stocks (S&P 500), the implied volatility (VIX), and USDJPY. This is shown in the model correlation chart below.

    This post was published at Zero Hedge on Dec 26, 2017.


  • Trump’s Tax Cuts: The Good, The Bad, and the Inflationary

    At last, tax reform is happening! Last week, President Donald Trump celebrated the passage of the most important legislation so far of his presidency.
    The final bill falls far short of the ‘file on a postcard’ promise of Trump’s campaign. It even falls short of the bill trotted out by Congressional Republicans just a few weeks ago. It is, nevertheless, the most significant tax overhaul in more than a decade.
    Corporations and most individual taxpayers will see lower overall rates. That’s the good news.
    Unfortunately, there is also some not so good news investors need to be aware of.
    Because no spending cuts will be attached to ‘pay’ for the tax rate reductions, the legislation will grow the budget deficit by an estimated $1 trillion to $1.5 trillion over the next decade. The actual number could end up being smaller…or bigger, depending on how the economy performs. But more red ink will spill.

    This post was published at GoldSeek on Tuesday, 26 December 2017.


  • Man Who Delivered Gift-Wrapped Horseshit To Steven Mnuchin Compares Himself to Jesus

    An LA County psychologist who thinks President Trump’s tax bill stinks to high heaven, compared himself to Jesus after admitting he delivered a gift-wrapped box of horseshit as a Christmas present to Treasury Secretary Steve Mnuchin. Robby Strong told AL.com he dropped off the box of horse manure at Mnuchin’s house as an ‘act of political theater’ to hammer home the point that ‘Republicans have done nothing for the American worker.’
    Boldly taking the Christ-analogy to a place it has never gone before, Strong told SoCal radio station 89.3 KPCC that “what I did, I would like to compare to what Jesus did when he went into the temple and overturned the tables of the money-changers, who were exploiting the people financially in the name of religion.”
    ‘In the long run, if we don’t do stuff like this, what are we going to have left?’ Robby told KPCC. ‘I feel like that’s what the GOP has done to the American people,’ added the man who, bizarrely, is a psychologist with the LA Department of Mental Health.
    Things start to make much more sense, however, once we learn that Strong claims he was an organizer for the Occupy LA movement; predictably he sides with critics of the $1.5 trillion tax overhaul who say it favors corporations and the wealthy, CBS Los Angeles reported.

    This post was published at Zero Hedge on Dec 25, 2017.


  • Is Holiday Gift-Giving Just A Big Waste?

    Is Christmas bad for the economy? Do gifts destroy value? Are they a drag on the economy, as many economists suggest?
    In ‘The economist’s guide to gift-giving’ at FT, Tim Harford collects the research of these economists who say that ‘Gifts typically destroy value. The total deadweight loss of Christmas in the US alone was $12bn.’
    They say that givers pay more than the most the recipient is willing to pay for the gifted item.1 This difference in their willingness to pay is interpreted as a waste.
    The same economists and authors point out all of the bad gifts. Many times, gifts aren’t even used or enjoyed by the recipient, only to end up in the attic for a few years and then sold at a yard sale or donated to the local thrift store. From the FT article:
    If you give someone a jumper that doesn’t fit, a book they’ve already read or a box of chocolates when they’re on a diet, this is a waste of valuable resources. Fossil fuels have been burnt, tedious hours have been worked, trees have been felled, all to produce products that were unwanted. The same resources could have been devoted, instead, to goods that people actually do value.

    This post was published at Ludwig von Mises Institute on Dec 25, 2017.


  • Citi’s “What If?” Scenarios: Part 2

    Yesterday we published the first set of 7 “What If” scenarios that didn’t make it into the Citi Credit team’s (already rather gloomy) year-ahead forecast. Because while Citi’s “base case” was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank’s credit team wrote “what about the outcomes that didn’t quite make it into our base case? The scenarios that aren’t central, but which aren’t entirely implausible either – both bullish and bearish.” Citi then listed the following 7 scenarios in the first part of its quasi-forecast:
    idiosyncratic risk is returning to credit? European corporates get more aggressive? global growth & commodity prices disappoint? inflation accelerates as output gaps close? the US yield curve inverts? central bank tapering really is a non-event? the market doesn’t like the choice of ECB successor?” A full discussion of the above scenarios was posted yesterday.
    Today, we follow up with part 2, or the second set of 7 hypothetical questions for 2018, which shifts away from economics and finance, and focuses on politics and Europe. As Citi’s credit team writes “you tend to worry less about your leaky roof when the sun is shining. And at the moment the cyclical economic upturn is beaming across Europe. Yet there are clouds which might conceivably hold moisture – or as our economists have put it: political risk is not dead in Europe.”

    This post was published at Zero Hedge on Dec 25, 2017.


  • WHEN LEFTIST VIRTUE SIGNALLING GOES HORRIBLY WRONG

    On Wednesday, HuffPost writer Andy Ostroy attempted to virtue signal as a progressive liberal by attacking Republican Senator Tim Scott of South Carolina as a token black man and a ‘manipulated prop’ being used to sell the Republican’s newly passed tax bill.
    ‘What a shocker… there’s ONE black person there and sure enough they have him standing right next to the mic like a manipulated prop,’ Ostroy tweeted. ‘Way to go @SenatorTimScott.’


    This post was published at The Daily Sheeple on DECEMBER 23, 2017.


  • “You All Just Got A Lot Richer” – Trump Confirms The Biggest Problem With The GOP Tax Cut

    As we’ve pointed out time and time again, the biggest problem with the Trump tax cuts is that they overwhelmingly benefit the rich. In fact, shortly after the initial nine-page outline of the program was unveiled by Gary Cohn and Steven Mnuchin, the nonpartisan Tax Policy Center released an analysis that showed the wealthiest 1% of Americans would accumulate more than 80% of the benefit from the tax bill.
    One need only glance at this chart from JP Morgan to see how shabbily middle- and working-class voters are treated by the tax bill.
    This is a big problem – particularly if the administration hopes to come anywhere near the 2.9% rate of GDP growth sustained over the next 10 years, a feat that would amount to the longest period without a recession in US history. That’s because when the wealthy receive tax breaks, they tend to save the money instead of putting it to productive use – at least at first – as we discussed last week.

    This post was published at Zero Hedge on Dec 24, 2017.