Posts filed under “Politics”
I spent the early part of this week presenting at several conferences in Belgium, in and around Brussels. I was the not-so-randomly selected person to give the American take on the state of the global economy and capital markets. Or, at least, an American take. I never want to misrepresent my own biased and conflicted views as the consensus. Regular readers should have some idea of what I think of most of the conventional wisdom.
Whenever I travel, I always find things to be puzzled over, e.g., Why don’t we have dual flush toilets here? (Not all flushes are created equal, and dual water capacity makes sense from an efficiency perspective).
The perspective of America from across the Atlantic is invariably one those things I find perplexing. The Europeans are genuinely puzzled by our political stalemates (makes sense If you come from a parliamentary system); they do not really understand the rise of Tea Party; and they cannot figure out what happened to the Occupy movement. They still like President Barack Obama, but the blush is very much off that rose . . .
“[The Odds of] Longer Term Chronic Effects, Cancer Or Genetic Effects … Cannot Be Said To Be Zero” It is very difficult to obtain accurate information on the dangers from Fukushima radiation to residents of the West Coast of North America and Hawaii. On the one hand, there is fear-mongering and “we’re all going to…Read More
click for larger chart Source: Econtrarian The past two days have seen two positive surprises in economic data. Yesterday, the gross domestic product came in at 2.8 percent growth, significantly better than consensus expectations of 2 percent. This morning, payrolls jumped by 204,000 workers, against median estimates of 163,000. Now imagine how much better…Read More
Blowback to Economically Weak GOP Districts? click for interactive map Source: Washington Post Source: At the source of the shutdown, the economy falters — and anger at Barack Obama runs high Jim Tankersley Washington Post, October 28 2013 http://www.washingtonpost.com/business/economy/at-the-source-of-the-shutdown-the-economy-falters–and-anger-at-obama-runs-high/2013/10/28/67d51c90-3fe2-11e3-a751-f032898f2dbc_story.html
Rand Paul & Janet Yellen David R. Kotok Cumberland Advisors, October 25, 2013 There are reports that Senator Rand Paul intends to put a “hold” on Janet Yellen’s nomination for Federal Reserve Chair. Senator Paul is involved in an absolute act of lunacy. He wants to put Janet Yellen’s nomination on hold…Read More
Yesterday, I was on Pete Dominick’s Sirius XM Satellite radio show (audio below). A caller asked about how to close the deficit. His comments revealed that his concern about the deficit was merely a ruse, a tool to be used to achieve very different goals. If you are truly concerned about deficit, then what you…Read More