The world is on the verge of getting its mojo back.
The election in France saw Marine Le Pen make it into a runoff election May 7th for the presidency. And globally, it was an extremely good session for markets in our aggregate view of things.
I see it’s almost nap time. Because if you play triple-levered long ETFs, you can expect at least part of the market session today to rock your net worth by +3% – which ain’t bad for a single day’s work in a world where the bankster class is still shearing sheep for less than a half a percent returns for an entire year.
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This is not to count our chickens before they lay a few golden eggs for us. But is is to underscore the problem so many people in America have, yet don’t realize.
V as in Victim
You can almost see it on their foreheads. People don’t connect the dots enough. So here’s another in our “continued ed” efforts.
Take the headline in the WaPo this morning: “After French vote, European leaders come out against Le Pen. But what if she wins?”
“Gee, who cares?” or “Why would they do that?” “And still, who cares?”
Well, my little lambs, what’s at play in the whole future of Europe and that abomination of pseudo-democracy called the European Union.
Which, if you haven’t noticed, is a collection of countries that have abandoned their borders (see the Schengen passport free area) and who are allowing themselves to arrogantly be sold the notion that democracy is alive in Europe.
Which it still is: In England and now France.
I told you in Friday’s column that Marine Le Pen’s victory this weekend would come largely because the Islamic extremists don’t understand c4i (command, control, communications, computers & intelligence) worth a crap.
By allowing one of theirs to go A.K. right before the election, they might as well have come out and endorsed Le Pen’s opponents.
For the second round of voting, we don’t need to watch for the radicalized re-invaders of Europe to go off the rails to get her elected. We can, rather, leave that to the empty-headed talking head of the E.U. who will predict the End of Life on Earth if Le Pen wins.
Oh, really? The U.S. and England are re-exerting national prerogatives and guess who’s still around?
Even more amazing? The idea of “borders” still means something: A line of demarcation between differing thoughts on laws, property rights, language, culture, and corruption.
How about that?
Guns of August (Or So)
Another story which we hold as possibly HUGELY important is The Hill’s report that the “Chinese president calls for restraint on N. Korea.”
What this means is simple: China’s eyes on *and in) the U.S. have noticed that president Trump is moving assets in a major way into the Western Pacific.
Xi-whiz, China has a tactical problem in that an attack on North Korea would – by treaty – bring in China.
The U.S. has told the Chinese “Then you fix it.” We explained this on April 6th as the “Kill with borrowed sword” move in the Trump-Xi meetings a while back.
The U.S. will not wait forever, but moving resource around takes a bit of doing so when one of our colleagues headed an email this weekend “Guns of August” I thought it worth mentioning so you can read the book.
This is not Tuchman’s world, however. More like Germany of the 1930’s as the German’s think they can hold Europe together which if Le Pen wins, they will not be able to do following (pun alert!) following false liberal profits (sic) resulting from the reconquest.
We having fun yet, bubba?
Sizing Up the Week
Our www.peoplenomics.com subscribers have a pretty good idea what’s coming and I won’t spoil it by telling you the whole outline. Let’s just say when our net worth swells three percent today, we would expect another load of Quarter Pounders tomorrow, as well.
The CFNAI (Chicago Fed National Activity Index) is out and no, the world is NOT ending in the Midwest just yet:
“Led by slower growth in employment-related indicators, the Chicago Fed National Activity Index (CFNAI) moved down to +0.08 in March from +0.27 in February. Two of the four broad categories of indicators that make up the index decreased from February, and one category made a negative contribution to the index in March. The index’s three-month moving average, CFNAI-MA3, decreased to +0.03 in March from +0.16 in February, but remained positive for the fourth consecutive month.
For those with eyes to see:
Later on in the day, the Dallas Fed Manufacturing number is due.
Tomorrow, though is where we see how the rubber meets the road with the Case-Shiller, Corelogic, S&P, (and the kid delivering pizza) Housing data is revealed. Look for a two part column Tuesday.
Durable goods Thursday, GDP Friday…oh, what a fun week, huh?
Just tossing darts about, looks to me like Big Rally today, follow-through rally tomorrow, but that will depend on Housing.
Wednesday, Thursday look for D.C.’s budget and healthcare circus to be pumped (which may slow the market or flip it back a bit. Durable Goods Thursday and GDP Friday need to be factored in, as well.
Eyes on the Left
The spoiler may be former president Obama who NBC notes “Obama Returning to Public Stage for First Time in University of Chicago Forum.”
We expect the usual softball questions for the ultra-lib media today. But no one will ask “What are you hogging the media for? Country has moved on. You fomenting revolution?”
The real answer may be found in the corporate left and the over-built news industry needing filler and a rousing Left sells papers and eyeballs to advertisers. Look what it has done for the Kardashians, after all,
So the rabble are still rousing and it seems to us that a good deal about the true character of former presidents is learned by their “after presidency” life- works.
In the case of Jimmy Carter, he’s been a mainstay and anchor of Habitat for Humanity for more than 30 years… Here’s a grteat concept: Giving.
And here recently, come to find out former president George W. Bush has been doing paintings of wounded war veterans. “I was just so honored to be their Commander-in-Chief.”
Same concept: Giving.
My opinion is that if Obama really wants to “give something to America” how about something real simple?
A longer break.
Check back in, oh, a decade or so.
But of course he won’t…so we trust you’ll be by tomorrow as we count profits than come from working 13-hours a day 7-days a week and fact check guess who…