Sabbatical Day 65

Nearly completed all my readings about who said what about the last two bubbles of the 1990s and early 2000s.  Will focus on organizing the charts and graphs in the next few days.

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“Stinging Defeat For Trump”: House Delays Health Care Vote On Doubts It Can Pass

“So much for the Thursday vote: House GOP leadership has just announced that there will not be a vote on the healthcare bill today. The entire House GOP conference will meet tonight at 7 p.m. to discuss next steps. See below for more.”

Source: “Stinging Defeat For Trump”: House Delays Health Care Vote On Doubts It Can Pass

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How the Government Ruined US Healthcare — and What Can Be Done

“Government’s meddling in the healthcare business has been disastrous from the get-go.”

Source: How the Government Ruined US Healthcare — and What Can Be Done

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Is This The Sound Of The Bottom Falling Out Of The Auto Industry?

“…these patterns can trigger a downward spiral that is difficult to get out of… First oil & gas, then construction, then new vehicle sales.”

Source: Is This The Sound Of The Bottom Falling Out Of The Auto Industry?

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With a trial looming in September, things are not looking up for Bob Menendez 

Menendez’s days are numbered.  

“After being accused of taking gifts from a wealthy Florida eye doctor, perhaps U.S. Sen. Bob Menendez should have tried to negotiate a plea before Donald Trump took office. Now the vultures are circling…”

Source: With a trial looming in September, things are not looking up for Bob Menendez | Mulshine

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Sabbatical Day 64

Continued reading essays by economists from the Austrian School, who were warning about a housing bubble in the early 2000s, in sharp contrast to Fed officials who were asserting there was no housing bubble in the US.

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The Future of Healthcare in the Next 4 Years Under Trump

My blog radio interview about healthcare.   After the intro I am on for about an hour.  

“You will lose your coverage, yea you will. It is not right you redistribute the wealth of those who can’t afford to pay. Does that staement make sense. And yes- YOU WILL LOSE YOUR HEALTHCARE!. Under Obamacare,…:

Source: The Future of Healthcare in the Next 4 Years Under Trump

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Stockman On Thursday’s Defining Moment: Defeat Obamacare Lite Or Be Buried By The Welfare State

“The passage of Obamacare Lite would mean the triumph of a runaway Welfare State in aging and job-deficient America. It would eventually result in fiscal catastrophe and the certainty of tax increases – not cuts – as far as the eye can see.”

Source: Stockman On Thursday’s Defining Moment: Defeat Obamacare Lite Or Be Buried By The Welfare State

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Donald Trump’s Whig Is Showing

“On February 28th, while addressing a joint session of Congress, President Trump quoted Abraham Lincoln and praised his economic philosophy:”

Source: Donald Trump’s Whig Is Showing

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Adam Schiff: Grifter, Racketeer, Warmonger by — Antiwar.com

Source: Adam Schiff: Grifter, Racketeer, Warmonger by — Antiwar.com

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N.J. voters would raise taxes on the rich to fund public worker pensions, poll finds

DISGUSTING!

“Voters would raise taxes on the wealthy — but not on anyone else — to pay down public pension debt.”

Source: N.J. voters would raise taxes on the rich to fund public worker pensions, poll finds

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European Welfare States Are Frantic to Breed More Taxpayers | Foundation for Economic Education

Why welfare states are unsustainable.  

Source: European Welfare States Are Frantic to Breed More Taxpayers | Foundation for Economic Education

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Breslow: “Memo To Traders: The Fed Is Making This Up As They Go Along”

“In the lead-up to the March meeting, Fed speakers were hawkish and seemingly “orchestrated”. So what do they go and do? Deliver a hike that was taken as dovish. And now we’re all sitting around hoping the slew of speakers this week will tell us what they really meant. Why does anyone think there’ll be clarity with a shelf-life beyond this week?”

Source: Breslow: “Memo To Traders: The Fed Is Making This Up As They Go Along”

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Target Liberty: Ron Paul vs. Donald Trump

Robert Wenzel had Trump’s number a few years ago.  

Source: Target Liberty: Ron Paul vs. Donald Trump

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Sabbatical Day 62

Took the weekend off except for preparing a presentation for Danish students next week about US capital markets and institutions.

Read two chapters from Nomi Prins book, All the Presidents’ Bankers, an expose how Wall Street in effect controls the presidency.  Read Mark Thorton’s essay about who got it right in the 1990s about the dot com bubble.

 

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