What once most Americans thought and accepted was a partially politicized nation with recent inaction by the Fed among a host of other things has become fully politicized. The huge crybaby caterwauling you hear from the entrenched status quo elites about Trump's popularity brings it full circle.
You have to wonder when you see so many ganging up on one guy. The cognoscenti would have you believe such numbers validate their view. But there's the counter intuitive, that gut feeling warning you as a good investor that's a bet you might want to fade. Fading such unfortunately, however, is not readily available to the downtrodden, the dispossessed and the have-nots. It's a point the entrenched elites love and take for granted.
We can leave out the pathetically obvious one, MSM. On the less obvious front are politicized riots and demonstrations. Anyone ever heard of George Soros. A lame, lame duck president seeks to slip a hugely controversial trade package that is one of the central issues of this election past the populace before scurrying out of office. Who knows what surprising politically-motivated paroles, and pardons, a presidential tradition, will be issued at the last hour of this eight year miasma.
And now comes the latest: Hillary's recently recovered deleted emails won't be released until after the election. One might ask: Who made that decision--it certainly wasn't the American people--and what scares them so much to delay the release? In a group that keeps screaming about the need for--and promising more--transparency, it appears that's now been detoured into a one-way thoroughfare.
There's an unoccupied Supreme Court seat to be filled on a court that is becoming less and less relevant to more and more Americans who recognize fixes when they see them. If climate change were any more politicized it would be a Hillary Clinton campaign manager or a Hollywood director. Hanging lower and lower is a debt ceiling that worshipers of the Paul Krugman Asinine Temple of Anachronistic Keynesianism keep telling people doesn't natter.
The politically charged Bureau of Labor and the Federal Reserve print more than worthless dollars. Try bogus job statistics. Or whatever else will keep the entrenched entrenched. Living in a nation with the word United in it thinking that you don't or won't have enemies is more fantasy than Disneyland. The elites play a zero sum game. Nothing spiritual about it. For them to win, you must lose. Or settle for what crumbs they decide to bless you with for lining up and staying there.
Now for some specifics: Just in case the Fed needed an "out" to its "hawkishly holdish" December rate hike, it got it moments ago when the NY Fed slashed its Q3 and Q4 GDP estimates, and now expects just 2.3% annualized growth in Q3 and 1.2% Q4, down 0.5% each from the previous forecasts of 2.8% and 1.7%.
You have to wonder when you see so many ganging up on one guy. The cognoscenti would have you believe such numbers validate their view. But there's the counter intuitive, that gut feeling warning you as a good investor that's a bet you might want to fade. Fading such unfortunately, however, is not readily available to the downtrodden, the dispossessed and the have-nots. It's a point the entrenched elites love and take for granted.
We can leave out the pathetically obvious one, MSM. On the less obvious front are politicized riots and demonstrations. Anyone ever heard of George Soros. A lame, lame duck president seeks to slip a hugely controversial trade package that is one of the central issues of this election past the populace before scurrying out of office. Who knows what surprising politically-motivated paroles, and pardons, a presidential tradition, will be issued at the last hour of this eight year miasma.
And now comes the latest: Hillary's recently recovered deleted emails won't be released until after the election. One might ask: Who made that decision--it certainly wasn't the American people--and what scares them so much to delay the release? In a group that keeps screaming about the need for--and promising more--transparency, it appears that's now been detoured into a one-way thoroughfare.
There's an unoccupied Supreme Court seat to be filled on a court that is becoming less and less relevant to more and more Americans who recognize fixes when they see them. If climate change were any more politicized it would be a Hillary Clinton campaign manager or a Hollywood director. Hanging lower and lower is a debt ceiling that worshipers of the Paul Krugman Asinine Temple of Anachronistic Keynesianism keep telling people doesn't natter.
The politically charged Bureau of Labor and the Federal Reserve print more than worthless dollars. Try bogus job statistics. Or whatever else will keep the entrenched entrenched. Living in a nation with the word United in it thinking that you don't or won't have enemies is more fantasy than Disneyland. The elites play a zero sum game. Nothing spiritual about it. For them to win, you must lose. Or settle for what crumbs they decide to bless you with for lining up and staying there.
Now for some specifics: Just in case the Fed needed an "out" to its "hawkishly holdish" December rate hike, it got it moments ago when the NY Fed slashed its Q3 and Q4 GDP estimates, and now expects just 2.3% annualized growth in Q3 and 1.2% Q4, down 0.5% each from the previous forecasts of 2.8% and 1.7%.
In its latest report, the NY Fed explained that "negative news since the report was last published two weeks ago pushed the Nowcast down 0.5 percentage point for both Q3 and Q4. The largest negative contributions over the last two weeks came from manufacturing, retail sales, and housing and construction data." So, pretty much everything.
As usual, the forecast was overly optimistic, and as a result has been sharply dragged down for both Q3...
Recall the New York Fed is run by one of the most elitist of the three main elites, Yellen, Fischer and Dudley, William Dudley.
.zerohedge.com/news/2016-09-23/ny-fed-slashes-gdp-forecast-now-sees-weakest-growth-financial-crisis
It's not just you. The elites hate specifics too.
.zerohedge.com/news/2016-09-23/ny-fed-slashes-gdp-forecast-now-sees-weakest-growth-financial-crisis
It's not just you. The elites hate specifics too.
No comments:
Post a Comment