Posts Tagged ‘obama’
Trump; & The Arrogance of The Elites
In shocking, inexplicable, unfathomable, polarizing, surreal fashion, Donald Trump wins the presidency of the United States, by winning the states of Pennsylvania and Wisconsin, along with all of the states expected to lean his way. Stocks, currencies, and commodity markets are in disarray. The S&P 500 futures sank approximately 100 points (~5%) around midnight, with…
Read MoreObama’s American Jobs Act Speech – Implications for Markets
The S&P 500 futures were about unchanged heading into his speech and at last glance they were down 3 points – but this may be due to the 9/11 anniversary terror threat announcement more so than anything said in the speech. I come away moderately encouraged by Obama’s speech tonight. He stated at the outset…
Read MoreCharles Evans Dual Mandate Responsibilities Speech – Goes Too Far
Yesterday, Charles Evans who is the ninth president of the Federal Reserve Bank of Chicago and a voting member on the FOMC, gave a speech at the European Economics and Financial Center in London. This speech goes too far with starting to push the Fed towards more stimulus as the returns from additional stimulus diminish.…
Read MoreWhy Can’t We Create Jobs?
I’ve been holding a constructive view on the economy and markets for a number of reasons. The economy isn’t as soft as has been presented and market valuations are extremely low for a non-recessionary environment (if that is indeed the environment we are in). Today’s Employment Report was downright ugly. Being constructive, I could search…
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