Stock Euphoria Stunts Gold

By Adam Hamilton – Re-Blogged From Gold Eagle

The great euphoria emanating from these near-record-high stock markets is breathtaking.  Traders are again convinced stocks do nothing but rally indefinitely.  That everything-is-awesome mindset has stunted gold’s latest upleg, since there’s no perceived need for prudently diversifying stock-heavy portfolios.  But that psychology can change fast, as we saw a half-year ago.  Gold investment roars back as stocks roll over.

The word “euphoria” is widely misunderstood, often confused with “mania”.  The latter is when stocks rocket vertically in blow-off tops, and is defined as “an excessively intense enthusiasm, interest, or desire”.  The US stock markets certainly aren’t in a mania.  At its latest high last Friday, the flagship US S&P 500 broad-market stock index (SPX) had only edged up 1.2% over the past 14.5 months.  That’s not parabolic.

The closest thing to a mania seen in recent years was the SPX’s 18.4% surge over just 5.3 months that led into its initial January 2018 peak.  Traders were ecstatic about Republicans’ coming major corporate tax cuts, and aggressively piled into stocks.  While euphoria accompanies manias, it is entirely different.  It is simply “a strong feeling of happiness, confidence, or well-being”.  That psychology is universal today.

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Green New Deal Could Be A Huge Boon For China

By Michael Bastasch From The Daily Caller – Re-Blogged From WUWT

  • Plans like the Green New Deal could end up making the U.S. more dependent on China, according to reports.
  • A new study found the U.S. would need to import more rare earth minerals from China to build more offshore wind turbines.
  • “These demands would total over 15.5 [gigagrams] of neodymium by 2050,” reads the study.

A new study underscores a longstanding concern about sweeping plans, like the Green New Deal, to increase renewable energy use in America: dependency on China.

[I’d be interested in knowing if China (secrtly) has funded any democrats. -Bob]

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Preferred Pronouns or Prison

ByAbigail Shrier – Re-Blogged From Prager University
“He.” “She.” “They.” Have you ever given a moment’s thought to your everyday use of these pronouns? It has probably never occurred to you that those words could be misused. Or that doing so could cost you your business or your job—or even your freedom. Journalist Abigail Shrier explains how this happened and why it’s become a major free speech issue.
Please watch the Video.

How US Government Debt May Impact Social Security

By Peter Reagan -Re-Blogged From Newsmax

Fiscal year 2018 wasn’t a good one for U.S. government net-worth. While that may hardly be surprising, it’s possible we’re reaching a “tipping point.”

From an official report released by the U.S. Treasury, Sovereign Man pulled out a few key highlights:

  • In fiscal year 2018, the government’s total net loss was $1.16 TRILLION.
  • … they spent over $4.5 trillion.
  • … nearly HALF went to Social Security and Medicare.
  • … spent a record $523 billion just on interest payments on the national debt!

 

How US Government Debt May Impact Social Security
(Pixelrobot/Dreamstime)

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Sidelined Because She Rejects Radical Green Agendas?

By Paul Driessen – Re-Blogged From WUWT

Fish & Wildlife Service director nominee joins hundreds of others in confirmation limbo

Aurelia Skipwith has a BS in biology from Howard University, a Master’s in molecular genetics from Purdue and a law degree from Kentucky. She has worked as a molecular analyst and sustainable agriculture partnership manager. She was also co-founder and general counsel for AVC Global, a Washington, DC-based agricultural supply chain development company that helps small farmers link up with multinational buyers and with agronomy, business, financial and other service providers.

For two years, she served as Deputy Assistant Secretary for the Interior Department, where she performed her duties so well that last October President Trump nominated her to become the next Director of the U.S. Fish & Wildlife Service (FWS) at Interior. She is an ideal candidate for the post.

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New York Times Pushes Nuclear Power as the Solution to Climate Change

By Eric Worrall – Re-Blogged From WUWT

In the face of the utter failure of large investments in renewables to deliver CO2 reductions, greens are increasingly embracing nuclear power as the solution to climate change.

Nuclear Power Can Save the World

Expanding the technology is the fastest way to slash greenhouse gas emissions and decarbonize the economy.

By Joshua S. Goldstein, Staffan A. Qvist and Steven Pinker
Drs. Goldstein and Qvist are the authors of “A Bright Future: How Some Countries Have Solved Climate Change and the Rest Can Follow.” Dr. Pinker is a psychology professor at Harvard.

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