Seven Ways Obama Is Trying to Sabotage the Trump Administration

By John Hayward – Re-Blogged From http://www.breitbart.com

President Barack Obama’s final weeks in office seem dedicated to setting foreign and domestic policy on fire to make life as difficult as possible on his successor, Donald Trump. Here are some of the biggest mousetraps Obama scattered across the White House floor on his way out:

Betraying Israel at the United Nations: Obama’s refusal to block a United Nations vote against Israel, his administration’s shadowy machinations to bring that ugly motion to the floor, and Secretary of State John Kerry’s long-winded broadside against Israel will leave President Trump with a massive political crisis in the Middle East, and quite possibly a security crisis, if terror groups and their “political wings” are emboldened by the rebuke of Israel.

Continue reading

Dow 20,000 Deja Vu

cropped-bob-shapiro.jpg   By Bob Shapiro

In the last 50 years, prices have gone up around 20 times. Aside from the obvious fact that the FED’s printing of new Dollar Bills out of nothing has stolen 95% of the Dollar’s value, I find it interesting when I consider the Dow Jones Industrial Average.

Around 50 years ago, the Dow approached the 1000 mark for the first time. (I recall seeing a Broaway show “How Now Dow Jones” which used Dow 1000 in the plot line.)

dow-65-to-82

But, the Dow couldnt make it past 1000 at that time. It pulled back by 25% and made another run in ’69, but still it fell back – way back.

The Dow made another 3 tries – and even made it 7% above 1000 before the Recession in 1974 – but it wasn’t until 1982 that the Dow finally broke above 1000 for good.

That was 16 long years that the Bulls had to wait. If a market player had invested all he had in 1966, it took him 16 years before he could start to make a profit.

Of course, the CPI kept going up, so Dow 1000 in 1982 wasn’t worth nearly as much as Dow 1000 was in 1966!

If we consider today’s Dow 20,000 – after prices have run up 20 times – the stock market looks very similar to 1966 with the Dow at 1000.

Except that today:

  • The FED has been printing Dollars for the last 10 years at a much faster pace than it did between 1956 and 1966.
  • The PE Ratio today is around 50% higher than on the Dow 50 years ago.
  • The stock buybacks of today, with their manipulative effect on earnings, were only a twinkle in corporate officers’ eyes in 1966.
  • The Dollar still was “As Good As Gold,” and was 3-4 times the value in 1966 to other currencies compared to today, even after the recent run up.
  • The numbers coming out of DC for such items as Prices and Unemployment were reliable back then, as opposed to the laughable fictions they are today.

So, I guess maybe today’s Dow 20,000 is a bit overextended compared to Dow 1000 in 1966. In 1974, the Dow fell around 50% peak to trough.

But if the Market and the Economy are not in as good shape today as in 1966, then maybe the coming fall from grace will be much bigger.

Do I need to say, “Look out below?”

Modern Scientific Controversies Part 4: The Obesity Epidemic

By Kip Hansen – Re-Blogged From http://www.WattsUpWithThat.com

Prologue:  This is the fourth in a series of  essays that will discuss ongoing scientific controversies, a specific type of which are often referred to in the science press and elsewhere as “Wars” – for instance, The Salt Wars.  This essay covers the Obesity Epidemic, aka The Obesity Wars.  The purpose of the series is to illuminate the similarities and differences involved in each of these wars.   Warning:  This is not a short essay.  Dig in when you have time to read a longer piece.

Trigger Warning:  This essay is about obesity – the condition of being fat or overweight.  It is about being overweight, body size, fatness;  it is about all the problems that accompany that condition.   If reading about these topics will cause you any emotional distress or make you feel unsafe or threatened in any way  – stop reading here.

Stephen Hawking is a very smart guy, a very very smart guy.  But like some smart guys in other fields, he can make very foolish statements based on ideas that are commonly believed but almost entirely inaccurate.

Continue reading

Major Stock Bear Still Looms

By Adam Hamilton – Re-Blogged From Zeal

The US stock markets spectacularly defied the odds in 2016, soaring after both the UK’s Brexit vote and US presidential election.  Both actual outcomes were universally feared as very bearish for stocks before the events.  These contrary stock rallies have left traders feeling euphoric, convinced stock markets are impregnable.  But with stock valuations hitting bubble levels in an exceedingly-old bull, a major bear still looms.

Though you wouldn’t know it in recent years, stock markets are forever cyclical.  They rise and fall, flow and ebb, in great valuation-driven cycles.  Bull markets always eventually give way to bears, and vice versa.  Stocks can’t and don’t rise or fall forever, extreme popular greed or fear never last for long.  The history of stock markets looks like a great sine wave, an endlessly-alternating series of bulls and bears.

Continue reading

Will Trump Bring Inflation To America’s Shores?

By Stefan Gleason – Re-Blogged From http://www.Gold-Eagle.com

Something is brewing in the economy. Since the election of Donald Trump, interest rates have spiked, copper prices have surged, and various sectors of the stock market have swung “bigly” on speculation of what “Trumponomics” will bring.

Scores of triumphant Republican commentators are already painting a bullish picture of the Trump economy. The GOP – which will control the White House, Congress, and most state governments – has a rare opportunity to implement a pro-growth agenda.

Republicans squandered their last great window of opportunity. George W. Bush and his Congressional allies grew government spending at a faster clip than the economy and saddled the country with trillions of dollars in new debt.

Continue reading

Tax Reform Must Be First Priority

By Larry Kudlow – Re-Blogged From http://www.Newsmax.com

President-elect Donald Trump’s transition continues to go smoothly. Better than smoothly. Confidently. More than confidently. Transcendently.

And to top it all off, the Dow is up 9 percent since the election, while economic-sensitive small-caps have jumped nearly 16 percent. These are signs of Trump confidence.

Hard-nosed investment manager Ray Dalio, founder of Bridgewater Associates and a non-political guy, expects the Trump years to be as transformational as the Reagan-Thatcher years. Dalio says the Trump era could “ignite animal spirits” and “shift the environment from one that makes profit-makers villains with limited power to one that makes them heroes with significant power.”

That’s as good a summary as I have found.

Continue reading