The headline in the Monday column here was pretty simple to follow: We were due for a major tick up in the market (remember my telling you about the Big Rally long before this one?).
While a goodly number of doomporn types have been calling for the end of globalism and such,t he reality is that it is extremely unlikely to happen with a presidential election coming. People will be fine taking their anger out at the polls, as long as that process is working.
Today’s close should (by my crazy method of analysis) be around S&P 1,958 and change.
The shocking part is where we could take out the 1,850 level by the close o
n Friday…which our Peoplenomics readers by now – if testing this latest crackpot theory of mine – are already positioned in trades, or have gone to cash, just in case.
If 1,850 sounds bad, there’s a chance of 1,750 the week after next: October 20-22 if the system works out.
The real question is this: When does such a system stop being “crackpot” and become something more respectable?
If you see a column around October 23-24 titled R.E.S.P.E.C.T. it will have nothing to do with Aretha Franklin, but it will have to do with transitioning from crackpot to profitable.
But then again, we won’t know until then.
Pacific Trade Sell-Out as the Left Field Event
Traitorous bastards is too nice a term for people who vote for “secret laws” like this Trans-Pacific Partnership crap that the Obamanation has shoved down our throats. People in congress who voted for it all need to go. Daylight democracy is what this country is founded on…not back office deals and corporate/lobbyist buy-offs.
Mainstream Media like the NY Times are today peddling the corporatist view that this Trade disaster is a way to “keep a check on China.”
Remember how many times I have told you an honest socialist is better than the lying right-wing scum that sold out the country in the trade deal? Or the under-cover socialist in the WH?
Well, here’s Bernie Sanders calling it right – a quote from the Politico story here:
“I am disappointed but not surprised by the decision to move forward on the disastrous Trans-Pacific Partnership trade agreement that will hurt consumers and cost American jobs,” Sanders said in a statement Monday morning shortly after the deal was announced. “Wall Street and other big corporations have won again. It is time for the rest of us to stop letting multinational corporations rig the system to pad their profits at our expense.”
The Trade Deal – what little is known of it – is nothing more than a sleazy corporatist hack to ensure that intellectual property laws will allow patents to be extended forever, among it s other anti-freedom angles.
Go with me on this for a minute: Can you imagine the accumulated power of someone paying for the invention of the frigging wheel since Day One? Or, can you picture paying the inventors of the transistor a royalty for the how many thousands are on each chip in your PC? Are we paying property rents to the Columbus family?
Not no, but hell no.
Yet this is the kind of statist bullshit that is being enshrined in this “deal.” Look for a continuing parade of charade into retirement for others of the Boehner ilk. Skulk off into the shadows is what they all should do. Where they will take corporate bribes as “consultants” and lobbyists.
Representation of We the People is gone. The population and officeholders are all puppets of the K Street Corporate Mob. And it’s long-past time the crooked socialists like Pelosi and Obama start to listen to the honest ones like Sanders.
Speaking of which…
Hot Off the Press
Trade Deficit Growing:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $48.3 billion in August, up $6.5 billion from $41.8 billion in July, revised. August exports were $185.1 billion, $3.7 billion less than July exports. August imports were $233.4 billion, $2.8 billion more than July imports.
The August increase in the goods and services deficit reflected an increase in the goods deficit of $6.6 billion to $67.9 billion and an increase in the services surplus of $0.1 billion to $19.6 billion.
Year-to-date, the goods and services deficit increased $17.6 billion, or 5.2 percent, from the same period in 2014. Exports decreased $58.9 billion or 3.8 percent. Imports decreased $41.3 billion or 2.2 percent.
The press release then artfully goes wool-pulling with “one a three month average things aren’t so bad…”
In the meantime, in a miracle of Biblical proportions, the Federal Debt to the Penny has turned into a likely lie. STILL not moving despite all the increases in Balance of Trade deficit.
Does this look honest to you?
Hookah time. Escobar School of Accounting, anyone?
Who’s next?
Hillary the Hack
Yup…now she is warning off from running Joe Biden she goes town-halling.
What is it about that family and being straight with voters that they can’t seem to understand?
Just this morning there’s another one: Bill Clinton White House suppressed evidence of Iran’s terrorism.
Hillary is playing every emotional card she can from “first woman” to gun violence. Emails and Benghazi? No confession…and still, millions of stupid voters are being taken in by this swill.
I guess if you’re an axe murderer and don’t talk about it, it must be OK.
Quick…look surprised.
The low information voters are pawns of the aristocracy…and it’s always been so.
Don’t get me wrong: We need a woman in the White House…just not that person.
We need a woman (or man) who can make good decisions, not bad excuses.
Putin’s Gambit
With blazing headlines that OMG Russia has done another incursion into Turkish airspace, Americans are being as stoopid as can be.
Years ago, a news colleague of mine as a sister radio station (KGIL in the San Fernando Valley) had a traffic reporter who was guilty of violations of Russian airspace.
His name? Francis Gary Powers. Seems when the shoe is on the other foot, the media hype is a lot different… all strings pulled by the War Powers.
The traffic plane was a Cessna Cardinal, by the way.
The Digital Privacy Issue
Europe says personal information of Europeans can’t be transferred to American firms in the ways it has been in the past.
What’s interesting is that there’s a way to read the decision that might lead to litigation. Against snoop-happy American corporations.
“We need a woman in the White House…just not that person” Why a woman, George? Why not the best person we can get, however unlikely, be they male or female?
Appended to We need a woman (or man) who can make good decisions, not bad excuses.
At the rate things are going, how long before even this job (President) is either outsourced or performed by robots?
…the so called presidential position is only a public face for the US corp. They do not make good decisions because they only play a role. When are people going to do the research and learn the US Corpse, a dead entity located on the sovereign land called Washington DC runs the country not a unit by and for the people, known as little “g”… signs of this truth are all there, but people at not paying attention to truths because they don’t want to believe they’ve been hoodwinked.
George The Don agrees with you. Donald Trump tweeted on Monday: “The incompetence of our current administration is beyond comprehension. TPP is a terrible deal.” And Democrat Hillary Rodham Clinton has hedged on the TPP pact, despite having supported it while serving as Obama’s secretary of state.
For those that read The Socionomist, per their authors, women come into prominence during bear markets. Where did the Marlboro Man go? In the bear market 70’s, the Virginia Slims Lady took over the billboards…..
“Representation of We the People is gone.” Yep! It’s called an Oligarchy. And while Bernie may have gotten one thing right, he is not the answer for a free people. Broken clocks and the time of day come to mind.
Oh … the answer for a free people you ask? Today, I’m afraid it’s pitchforks and stones. Or, a reasonable facsimile thereof. Not likely though. Idiots everywhere have their noses plugged into a screen. So much so, that a recent headline was about how the new paradigm in social behavior is hurting relationships. People are too busy with their twitting, tweeting and virtual twerking to care what’s happening to the country that Great Granddaddy built.
When I first heard about the initial TPP negotiations I thought ‘this can’t be right’ …. doesn’t line up with anything I learned in macroeconomics for healthy economies.
More like gangsters haggling over their territorial plunder.
Then, it occurred to me that all those people tied up in lengthy negotiations, from our companies governments and those around the world were effectively being stopped from doing much of anything else. Sort of like when Kennedy was threatened by the MilitaryIndustrialComplex and decided to direct the major part of their energies and attention to space.
As far as overthrowing the Oligarchy, torches, pitchforks and rock throwing are the very last resort. We still have a possibility with strikes and boycotts, unless they completely wreck people’s abilities to organize.