obama

The Stinking Politics of It All

By |2017-02-21T17:48:00-05:00February 21st, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is largely irrelevant, but still the political theater is fascinating. As is now standard operating procedure, whatever comes out of the Trump administration immediately is conferred as the standard for awful. This is not my own determination, mind you, but that of the mainstream, whatever that is these days. And so it is with the first set of budget [...]

Politics vs Economics (small “e”)

By |2017-01-25T16:47:26-05:00January 25th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The only unequivocally positive aspect to the looming “stimulus” debate is the immense political theater it will generate, and has already generated. Hypocrisy will be standard fare, and in any number of ways. For every Occupy Wall Street Obama supporter who found himself likely for the first time in his life enthusiastically embracing “record high stocks” in 2013 will now [...]

Trolling The Economy

By |2014-09-09T15:14:33-04:00September 9th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

With an election looming it is no surprise that efforts to sway voters via economic framing have been heightened. There are, however, the usual and predictable responses, and then there is what can only be called epic trolling (as the kids say). Publishing in Forbes, of all places, Adam Hartung quotes somebody named Bob Deitrick: President Obama has achieved a [...]

Syria, Jobs & Other Random Thoughts

By |2013-09-08T21:18:44-04:00September 8th, 2013|Economy, Federal Reserve/Monetary Policy, Taxes/Fiscal Policy|

There are a lot of potential hurdles for the markets in the coming weeks. A potential strike on Syria is foremost on the market's mind as evidenced by the rapid selloff Friday in the wake of hawkish comments by Russian President Putin. Russia and China both appear to be backing the Syrian regime while the US and France - yes, [...]

State Of The Union

By |2013-02-10T18:29:21-05:00February 10th, 2013|Economy, Markets, Stocks|

The President will deliver the State of the Union address Tuesday night. He will probably offer a laundry list of programs that he'd like to spend more money on and the Republicans will respond with a laundry list of reasons why the President's list is a bad idea. The President will say that he intends to concentrate like a laser [...]

Batten Down The Hatches

By |2013-01-27T20:41:48-05:00January 27th, 2013|Commodities, Currencies, Economy, Stocks, Taxes/Fiscal Policy|

Back in November I wrote a weekly commentary that I called Looking For Silver Linings. The market had been taking a beating in the post election period and I wasn't feeling particularly good about my forecasting skills. I had written a commentary just two weeks before arguing that the election really didn't matter that much and my Republican friends were [...]

Fiscal Cliff Newspeak

By |2012-11-14T19:07:12-05:00November 14th, 2012|Economy|

From President Obama's press conference today: The other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody’s income. And by the way, that means every American, including the wealthiest Americans, get a tax cut. It means that 98 percent of all Americans and 97 percent of all small [...]

Does The Election Matter?

By |2012-11-05T13:46:51-05:00November 4th, 2012|Economy, Federal Reserve/Monetary Policy|

What a ridiculous question, right? Of course it matters say the Romney supporters. Getting someone in the White House who understands business will make all the difference. Of course it matters say the Obama supporters. Making the rich pay their fair share will mean a more equal economy and more growth. Of course it matters say the Romney supporters. Lower [...]

Time To Prepare For A Stronger Dollar

By |2012-10-21T15:41:24-04:00October 21st, 2012|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Taxes/Fiscal Policy|

Well, I'm back from vacation, five days of golf in the wilds of Sea Pines Resort on Hilton Head Island. Okay, I wasn't exactly roughing it unless you count the number of my golf shots that veered out of the fairway but it isn't Miami. It was an opportunity to renew old friendships, develop some new ones and a much [...]

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