WHILE THE SPECTACLES of impeachment, daily scandal, and the democratic primary distracted voters from almost everything else, the 2019 Federal deficit accelerated to nearly a trillion. The interest alone got to 380 billion per year. In 2015, Obama only needed 485 billion for the whole year. Let me see…1) stock market is right on top of a new high, 2) unemployment is extremely low, 3) countries are supposed to use extended booms (ten years now) to pay down debt, and 4) the GOP—especially the “tea partiers”—have, prior to Trump, represented themselves as deficit/budget hawks. What’s wrong with this picture? There’s no mystery; it’s what Trump has always done: borrow big, promote shamelessly, get paid no matter what, and never use much of your own money.
[This is a seasonal piece from Unit Three Writings] My Parents, a Forest, Some Clues My season approaches and with it arrive my best prospects for redemption. I refer to September, both as the ninth month and as a stage of Life–the ripeness of being that precedes the bitter cold. I refer to the September I was born in and those sweet, sad days that invite surrender to Melancholy’s caress. This belief takes shape in me only now, at fifty. It formed in increments by way of three separate and eclectic experiences. The first came while I was away at college, that blissful period when my future was undiminishable by doubt or skepticism, and a writing pad stuck out of my back pocket
[This post is for entertainment or educational purposes only and does not offer investment advice of any kind. Investments decisions should be made with careful consideration on an individual basis along with a professional.] PUNDITS AND POLLSTERS will soon begin to argue passionately over their predictions for president in 2020. They usually make emotional cases and use tired, second-hand reasoning on either side–sounding much like sports bums at the beginning of a new season. Everybody loves a fortune teller. But despite the minor blips in the polls, the outrage du jour, and the talk of impeachment (and the expanding list of reasons for it), the best predictor of the election–assuming it’s held on schedule–will be the performance of the stock market over the next year.
NOW THAT MERYL STREEP and Nicole Kidman are both starring in the second season of the TV series Big Little Lies, it’s probably safe to say that the bell is ringing furiously to signal the end of an important socio-cultural era: the great period of feature films that began almost a century ago. While there are still feature films and movie theaters, it seems as if most of the films are superhero fantasy or animated films. The energy, the talent, and the money is pouring out of “movies” into these TV-based series. We might have a net maintenance of creativity–perhaps even more. Maintenance of quality? Not as easy to say; the productions are very good and getting better as the market heats up. But
[NOTE: This material does not represent investment advice in any way. It is for educational purposes only. Investing is personal. See your personal guru before making decisions.] Bulls can live 20 years, but they aren’t much good to the herd after ten. Bull markets are probably the same. This one is ten years’ long in the tooth, but it’s weathered a number of “storms” along the way, so many investors could need to get quite scared before they sell. The scariest thing for me is the global trend toward authoritarianism; you can check a lot of boxes to compare the first part of the last century with today. I could probably list six or seven parallels. Protectionism is a big one. Wealth inequality is another. That
[NOTE: The following does NOT constitute investment advice of any kind. It is for education or entertainment only] ‘There are known knowns. There are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don’t know.” Donald Rumsfeld 2002 That the stock market fell does not surprise me: I have wondered how the rally could continue before the long list of threats to the global economy would reduce share prices. But I was surprised that it happened so abruptly. I should not be surprised at that, however, because markets generally fall much faster than they rise: investors often “get in” in increments and “get out” in a cataclysm. And while stocks only
WHAT HAVE YOU done for me lately? I find tremendous irony in the fact that the US president was the star of a reality show where he was surrounded by less-than-brilliant sycophants and presented as the epitome of business success in charge of a thriving empire (though it turns out his decision-making often led to bankruptcy). The climax of each episode was when he got to pronounce to a hapless contestant “You’re fired!” The irony makes an entrance in that he is now at a point in his tenure where the party that embraced him (only after they realized that he could get them power) may soon make a similar pronouncement to him. Almost two years ago on this blogsite, I posted that
[Disclaimer: The chart and the following content do not constitute investment advice of any kind. This material is for educational or entertainment purposes only. ] (SPX Chart from www.bigcharts.com retrieved Nov.20, 2018) THE OCTOBER WIND BLEW all the leaves off the Wisconsin trees last month and did it over the course of only a few very windy days. Stock prices drifted ten percent lower, too, in recent weeks and everyone wants to know what chill wind sent them lower. I can explain the “why” because there are only two reasons stocks fall. The details are harder to derive. I have never been able to talk about the investing environment without providing some background. No forecasters (I do not act as a forecaster here) worth
Hannah Arendt coined the phrase “the banality of evil” in the early ‘sixties when she covered the trial of Adolf Eichmann for The New Yorker. The phrase was in response to how Eichmann had matter-of-factly claimed to have only been “doing his duty.” The phrase applies in many countries today, but each in a unique context. As for the United States, with the 2016 election, our country managed to elect as president an individual who personifies much of our culture–its superficiality and the worship of wealth, power, and privilege. During the first two years of his tenure, the former reality TV star and red-toothed capitalist has shown us ourselves (not all of us, but enough of us) and the result is so lacking in virtue
There can be no question that the quality of summer films has deteriorated. It is understandable when you consider the money and talent (the talent goes where the money and the work is) has migrated in a big way toward the mini-series model. The switch-over names are getting bigger (e.g. Julia Roberts, Sean Penn, Emma Stone) every season and the theater productions are increasingly less appealing. I did manage to see a few films and so will do a quick review for each. The best movies of the year will probably be released over the next several weeks. Hunter Killer–This Hunt for Red October ripoff has a very few moments’ worth of good action, but the idea that team of special forces could penetrate a