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Top News and Analysis

Thursday, November 21, 2019
If you own an Android telephone, you should take a look at this right now, and read it slowly

South China Morning Post: Overnight, Chinese markets were pounded as anxiety rose concerning U.S. support for Hong Kong protestors and that support's possible affect on trade issues

Macy's shares fall sharply after cutting its forecast on holiday sales that may prove to be sector wide

 
                        
                                Debate Night in America
                                 November 20, 2019







 Donald Trump's detailed, hand-written notes regarding his impeachment defense





                                               

                                    "Don't Want To Be A Fool"




Wednesday, November 20, 2019
U.S. healthcare sector picks up steam as some political worries show signs of abating

Dow falls 113 points on a report that phase one of the China trade deal may not be completed this year -- or ever




                         Career of Gordon Sondland






                                    "Love on the Brain"

                                  "Love the Way You Lie"
 
                                         "Diamonds"


    


              Um, humm, girl.  And you can sing?  I'll take it.  Call me




Tuesday, November 19, 2019
The Street: The recent theory of impending recession is grinding to a halt. Here's what's next for financial markets




Monday, November 18, 2019

Ford's Mustang Mach-E is a radical gamble on an electric future


Dow gains 33 points, as Wall Street sets new records at the close
 


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For months now there has been a campaign of derision concerning China -- including apparent news stories of questionable authenticity that appear to target the attention of non-Whites -- particularly African-Americans.
                                   
                                       For example:





I suspect that the organ harvesting narrative is abject propaganda and totally untrue, which is being injected into social media in an attempt to counteract China's successful global outreach effort known as:   One Belt, One Road

In the Third World, the Chinese often point out the truth to developing countries and distinguish themselves from the United States and the Europeans: "We were never your oppressors"





Sunday, November 17, 2019
Chris Matthews: With Dow and S&P 500 at record levels, investors are ignoring a material deterioration in the global economy

CNN Business: Saudi Aramco is the world's most valuable company -- at $1.7 trillion, according to the pricing of its upcoming offering, which is scheduled for December




"Titanic" was made on a record-setting budget of $200 million and released in 1997. Its box office gross was $2.187 billion

                                  "My Heart Will Go On"

                                                           "Incredible"





Saturday, November 16, 2019
Yahoo Finance: The "Hindenburg Omen" and the "Titanic Syndrome" were just triggered on the Nasdaq. Are there any chart watchers in the house following technical warnings?



                        

               


                          Sean Hannity and Rush Limbaugh
         Extremely successful Propaganda Boys of the right-wing

These two men, five days a week, preach to their mega-audiences for hours, and lay out the arguments that support the right-wing positions on the issues of the day. My question: Are the other sectors of the media giving debate on these issues? Or is the usual case one in which the right-wing arguments are lazily ignored -- generally by labeling them "conspiracy theories"?

There have been many examples of issues that are ignored on MSNBC and CNN, even though they are recited numerous times each week on Fox News and on right-wing talk radio. A few examples: Fast and Furious; Uranium One; only the right-wingers are good Christians; stupid Obama thinks there are 57 states in the Union; stupid Obama makes an international apology tour; stupid Obama gives $150 billion to the Iranian mullahs; and stupid Obama hates the Cambridge police and, by extrapolation, of course, all policemen in the country 






Friday, November 15, 2019



Tobias Levkovich, Citigroup's top U.S. equity strategist: Here are the top worries confronting investors in 2020







 
                  Former Ambassador Marie Yovanovitch


Thursday, November 14, 2019






Wednesday, November 13, 2019
Reuters: Israel kills nine Gazans, says Islamic Jihad, as the militant group launches rockets in retaliation







                    A day that will be known for its infamy






Tuesday, November 12, 2019
Dow closes perfectly flat -- and that is a very rare occurrence



                             2020 Ferrari F8 Tributo Spider
                                  Not for the faint of heart
                                               $350,000


Donald Trump's speech was supposed to move the market. The Dow did not move at all


 
 
                                   "Reasons"

                                  "Danny Boy"



Monday, November 11, 2019
CNBC: After a couple of quarters of anxiety, Wall Street is shrugging off its fear of Medicare for All -- for the time being

Microsoft, Apple and Alphabet all closed at record highs on Friday. Is that a good sign or is that actually very frightening?

Barron's: Now that stocks are repeatedly hitting record highs, where can an investor find value today?

Dow adds a slim 10 point gain, but that's enough for a new record close, thanks in large part to Boeing




   "My feet hurt mighty bad, so I'll just keep an eye on things here in Manhattan"




                               Veterans Day 2019                                                       
                                      "Home"





                                 Captain Walter Lewis
                                         U.S. Air Force -- 1974
 Captain Lewis volunteered for the U.S. Air Force at the height of the Vietnam War
                                          Some came running




                               Lt. Colonel Edgar V. Lewis
            In the pilot's seat of a U.S. Air Force B-52D -- 1968


Sunday, November 10, 2019





Saturday, November 9, 2019

Barron's: Is it time to shop for stocks in Europe and Japan?

Market Watch: A golden cross is forming in the Russell 2000

Tom Lee of Fundstrat Global Advisors: A Santa Claus rally is here

                      

           The fact is this: She has been known to be mistaken
                   before about some pretty important things
                                     But haven't we all?





                       Congratulations on a job well done


Friday, November 8, 2019
Dow adds a gain of 6 points and continues its winning streak, along with gains in the S&P 500 and Nasdaq


       



Thursday, November 7, 2019
Overnight, Asian markets slipped in early trading due to reports by Reuters of a trade deal delay that killed optimism





                        What is a private equity firm?

                        What is a leveraged buyout?





                           "La Caravan De Vida"



Wednesday, November 6, 2019
Dow closes with a loss of 1 point, as Wall Street reacts to reports that there is a delay in the deal with China on trade





     

                       Sean Hannity -- Propaganda Boy

Yesterday, on his syndicated radio show, Hannity spoke once again about how the Obama Administration stupidly gave Iran $150 billion, in cash on the tarmac of an Iranian airfield. Hannity's recitation of this event is extremely misleading, as is oftentimes the case on right-wing talk radio. Seriously, though, part of the problem is the fact that other parts of the media have never done the research and taken the time to refute Hannity's intentionally false characterization of what happened on the Iranian airfield. 
                                         To be continued. . .



 


                              "Something In My Heart"

                  "I've tried that love thing for the last time"
 



Tuesday, November 5, 2019
Overnight, equity markets in Asia rose in response to the Monday records set on Wall Street

Dow climbs 31 points for a new record high at the close


  

                      "And Then A Hero Comes Along"

                               "When You Believe"



Monday, November 4, 2019
The earnings recession seems destined to continue as Disney and the rookies set to take the stage




*****************************************************************
                       In theaters Worldwide April 2022  


                       and the United States of America



                      "Flyin' High In The Friendly Sky"


Sunday, November 3, 2019
Guyana's economy is on the verge of a huge expansion in growth
                     
The Co-operative Republic of Guyana, South America's only English speaking country of 780,000 people







                   

                                            "Tu"

                         "Whenever, Wherever, Whatever"

                                          "Can I"



Saturday, November 2, 2019
Ayatollah Khamenei asserts that the region's problems are sometimes caused by the clandestine plots of Western spies

              

 
The clandestine plot that killed Iran's Prime Minister Mosaddegh





                             "Baby, I'm For Real"



Friday, November 1, 2019
Chinese officials reportedly cite Donald Trump's impulsiveness as a significant problem in the arena of trade negotiations



           

               Everybody knows: She is the best First Lady

                                   "Be Ever Wonderful"


Thursday, October 31, 2019
Dow slides 140 points under the pressure of troublesome economic data regarding manufacturing and continuing anxiety with respect to American/Chinese trade relations

                   

                              Rush Limbaugh -- Propaganda Boy

According to Rush Limbaugh, impeachment is a Deep State effort to divert attention from Biden's misdeeds in Ukraine



                        

Is it true that Christianity, Islam and Judaism are all worshiping the same God?   Yes, the God of Abraham

    
 
                           One culture's call to prayer

                        Another culture's call to prayer

                     Let he who is perfect cast the first stone

   
Wednesday, October 30, 2019
Dow gains 115 points as Wall Street welcomes the Fed's actions





Tuesday, October 29, 2019

Weizen Tan: An Elizabeth Warren presidency might not be as bad for businesses and finance as many commentators might think


This is a cautionary tale: The Wall Street crash of October 29, 1929

Mitt Romney has crafted a plan to rescue Medicare and Social Security before those programs collapse


                   Treasury securities in a nutshell
      
                    Summary of Eurodollar market




                        "Steppin' To The Bad Side"

                                   "Listen"

                                    "Halo"

                                 "Turn It Up"



Monday, October 28, 2019
Dow closes with a gain of 133 points because there is still optimism regarding a U.S./China trade agreement





                                       Summary of the S&P 500 Index
 
                        List of global stock market indices




Sunday, October 27. 2019



                                 Spiking the football

                                        Part Two



                The grand illusion called the War on Terror



Friday, October 25, 2019
Dow closes with a gain of 153 points, as the S&P 500 closes out the week with strength




Thursday, October 24, 2019


 
    Another perfect day in the paradise that is Southern California
                            Laguna Niguel in Orange County
    
                                    Queen Calafia's Island














                         10,000 square feet of living space
                Pacific Ocean views from all West-facing rooms
                                         Three kitchens
               Swimming pool, jacuzzi, sauna and steam room
                                               Nine bathrooms
                                         300-bottle wine cellar
                Seven bedrooms and three professional offices

                                                 Listing Price: $6,585,000






                              "Candlelight and You"

                                       "Happy"


Tuesday, October 22, 2019


               



Many say that the vulgarity and ugliness of the Trump administration has spawned a backlash movement of increased spirituality and religious fervor

                                        "God's Got A Blessing"
                                        
                                          "Live"

                                     "Every Praise"



                                                             
P-51D Mustang from World War II, which was famously flown by the Tuskegee Airmen's 332nd Fighter Group from Ramitelli air field

                            Fighting Nazi jets

                         The Mustang in action

              Air Force 1949 Top Gun competition

                    General Benjamin O. Davis


Wednesday, October 23, 2019


Barron's: A strategy that can add diversity to your portfolio and still beat the S&P 500. Well Ok, but buyer beware -- as always



Caterpillar reports earnings that badly miss the Street's forecast, and slashes its earnings projections


 

                                  the United States of America




                                    "Amor"


Tuesday, October 24, 2019
Stocks globally turn lower amid earnings reports and Brexit anxiety caused by the latest round of delays


Monday, October 21, 2019




                        What exactly is a "junk bond"?




                        "You Don't Know My Name"

                       "That's What Friends Are For"

                                "I Have Nothing"

                                "Open My Heart"
                            
                             "Not On The Outside"

 

Sunday, October 20, 2019




                       "You Know How To Love Me"



Saturday, October 19, 2019

          
                              "Ooh Baby Baby"

                                 "Hypnotized"                              

                                    "Happy"
                       




Friday, October 18, 2019




Thursday, September 19, 2019
Dow slips 52 points as optimism faded regarding a trade deal






                                   "Who Dem"


Wednesday, September 18, 2019
Dow closes with a gain of 36 points, following a volatile session in which the average was down by 211 points as the markets reacted to the Fed's rate cut and failure to signal further cuts in 2019





Tuesday, September 17, 2019

Joy Wiltermuth: The Treasury is about to flood the market with debt in order to fund the trillion dollar deficit. That is a concern

Bloomberg: Gasoline prices at the pump in America are set to rise

Market Watch: Why the Saudi oil attack is a big deal that could be a game changer in stock markets and crude prices


Press TV: President Trump's claims that America does not need foreign oil are false


                        Yemeni Civil War 2015 -- present

                            Iran -- Saudi Arabia proxy conflicts



Twelve powerful photos that show the utter devastation in Yemen



Monday, September 16, 2019
More than 49,000 UAW members have gone out on strike against General Motors









According to Ron Paul, U.S. interest rates are going negative, the Treasury market is in a bubble and the bubble will soon burst


OxyContin maker Purdue Pharma has filed for bankruptcy protection under Chapter 11


Dow closes with a loss of 143 points under the weight of the situation involving the Saudi Arabian oil facilities



Sunday, September 15, 2019

Daily Mail: President Trump states that the U.S. is locked and loaded regarding the drone strikes on Abqaiq and Khurais




                             Dhahran, Saudi Arabia



Saturday, September 14, 2019
Barron's: The Dow's 1.6% gain hides a great deal of turmoil beneath the surface of the market


Jodi Xu Klein: As the 2020 election approaches, America needs a trade deal much more than China needs a trade deal





Those pleasant-looking flowers are opium poppies growing in Gostan Valley, Nimruz Province, Afghanistan. Opium is the active ingredient of heroin and other opioids. At the top-center of the picture is an American armored fighting vehicle. The date of this picture is unknown, as are the circumstances under which the picture was taken. It is not possible to guage the size of this opium plantation from this picture. The owner of this property is unknown


Friday, September 13, 2019
Dow closes up 37 points amid enthusiasm over Cloudfare's IPO



CNS News: Federal spending hits $4.16 trillion by August, 2019




  
                  Operating cost per hour: $63,000


Thursday, September 12, 2019






                            "Don't Ask My Neighbor"

                               "Got News For You"

                                 "I'd Still Say Yes"
                         

Wednesday, September 11, 2019

Overnight, global stock markets rose as optimism surged regarding an end to the U.S./China trade dispute


Dow soars 228 points because China is playing the role of Santa Claus with respect to the tariffs battle, as well as its stimulating the Chinese economy




                           Lockheed Martin F-35 Lightning II
                 
                           Cost per Lightning II: $115 million
                            



Warfare that resembles a TV show: The F-35 has seen its share of significant problems, but ISIS has no effective air defense system, so the Department of Defense went all dramatic with one of the most expensive aircraft ever made



                        "God Bless the USA"


Tuesday, September 10, 2019

Citibank forecasters see gold at over $2,000 an ounce in the next year or two







Monday, September 9, 2019
Overnight, global equity shares mostly rise in the face of a mix of economics data

Stephanie Landsman: Some technical analysis suggests that Wall Street is just starting a hot streak






                                  
                                          "Die For You"


Sunday, September 8, 2019

Kristen Myers: Amazon will pay zero dollars in income taxes for 2018 despite the fact its profit was $11.2 billion, according to the Institute on Taxation and Economic Policy

Zero Federal income taxes for Amazon -- sounds outrageous. Is it?
It depends in large part on the definition of "profit". Myers' article does not even take a stab at what is meant by a profit figure of $11.2 billion. Here is more fodder: In 2017 Amazon paid zero Federal income taxes on U.S, income of $5.6 billion




                    Flag of Gulbuddin Hekmatyar's Hezb-e Islami


Would you like to witness an Orwellian re-write of history? Check out the Wikipedia piece on Hezb-e Islami Gulbuddin. Specifically, the list of opponents, which states the United States was an opponent of the Gulbuddin organization from 1976-2016. In actuality, America was Gulbuddin's biggest supporter beginning in 1979 and throughout the 1980's, a period of time when Gulbuddin was the planet's largest heroin trafficking cartel due to the active assistance of the U.S. military's airlift power



  "Destiny" -- the story of Gulbuddin Hekmatyar and the United States of America









                              "Danza Kuduro"
                       Over one billion hits on You Tube

                            "Un Poco De Amor"



Saturday, September 7, 2019

Shanghai and Hang Seng indices post best weekly performances in two months


Friday, September 6, 2019
Dow adds a gain of 69 points following the release of a jobs report that did not meet the expectations of many




                  Analysis of the 1987 Wall Street crash






Thursday, September 5, 2019
South China Morning Post: The talks in the China-U.S. trade dispute are set to resume in early October




                  Mercedes Benz 2020 AMG GT C Roadster


Wednesday, September 4, 2019



Tuesday, September 3, 2019
Dow falls 285 points because the wheels are coming off the U.S. manufacturing sector







             Gulbuddin Hekmatyar -- Presidential candidate, Afghanistan 2019

The problem is this: Hekmatyar was the World's biggest heroin trafficker in the 1980's, with the assistance of American military aircraft and  American military flight crews



    "Destiny" is the story of Hekmatyar and the United States of America


Monday, September 2, 2019
Barron's: September is oftentimes the worst month of the year for stocks. This year, September may be bad


               Labor Day means summer is over


 
                                        "Somewhere"



Sunday, September 1, 2019
Peter Navarro brashly predicts Dow 30,000 if the Fed and Congress cooperate with the Trump Administration

What is the technical definition of per capita income? What country has the highest per capita income on the planet? Answer: Qatar
   
                                                     
 

                   Colors of the Islamic Republic of Afghanistan

The 2019 presidential election in Afghanistan has attracted a large slate of candidates, including Gulbuddin Hekmatyar.  Wikipedia describes Hekmatyar as a former Prime Minister of Afghanistan, which he was. However, a complete description would state that Hekmatyar was at one time the World's biggest heroin kingpin. In fact, he may still be a heroin drug czar








                                Al Jazeera Media Network
                      "The Opinion and the Other Opinion"



                                  Doha, Qatar                       

What can consumers do about the hidden sales tax effect that is created by the Trump Administration's tariffs


                              A project uncompleted
Mine is the one on the corner of the ridge overlooking the Pacific Ocean, with a swimming pool in the backyard and two large palm trees, set in a really quiet neighborhood with good schools

                                        "Home"

                                "This Must Be Heaven"
                             
                                        "Happy"



Saturday, August 31, 2019






                                    "One"
 

Friday, August 30, 2019



Thursday, August 29, 2019
CBS News: The cost of water is rising across America. Here is why

New York Times: The American farmers' frustration with President Trump over the trade war is escalating




   2019 Ferrari 488 Spyder -- if you ask about gas mileage, then you can't afford it
          Price tag? Scroll down to June 18, 2019 for answer




                               "Versace on the Floor"



Wednesday, August 28, 2019





                                "God Favored Me"

                           "Rolling Down The Mountainside"

                                          "Every Praise"


           From the soundtrack of "Destiny -- A Legend of Our Time"
                              In theaters Worldwide April, 2022



Listed here are 79 songs comprising the vocals soundtrack of Destiny -- A Legend of Our Time. There is also a 80th song -- that being the original theme song of Destiny, which will be released in 2022, and win an Oscar for the Best Original Song and Best Original Score in the highest grossing Hollywood blockbuster at the Academy Awards in 2023.

Here is a mystery: Who is the artist singing the 80th song? Nobody knows, except Walter Lewis.  Hint: She's beautiful

Prediction: At the 2023 Academy Awards, Destiny will dominate the Oscars event in a manner not seen since "Lawrence of Arabia -- The Seven Pillars of Wisdom" in 1963, when that Columbia Pictures film won in almost every category. Why will this be so? Because the motto of this production is this: Aim High

Destiny is an historic undertaking for a number of reasons. First, the thesis of this movie will make it highly controversial. Destiny offers proof -- in this true story -- that a criminal syndicate within the American military and the Central Intelligence Agency is the World's biggest trafficker of heroin -- supplying 60% of the heroin pushed on the streets of America and Europe. The source of this syndicate's heroin are the opium growing fields uf Afghanistan.

Second, a huge effort has been made to produce an entertainment blockbuster. For example, Destiny has a soundtrack with the most vocal tracks of any movie in Hollywood history. Plus the lead song -- the artist is a closely held secret at this point -- will be a platinum top-seller in the music market.

Third, the movie is an action thriller by its nature, but it is a very adult movie. This is a true story. Destiny is not fiction; It is not an action "cartoon" aimed at adolescents.

Fourth, filming is taking place on location in five continents and Australia. This is a big budget masterpiece. We are spending $250 million to produce Destiny.

Fifth, similar to the 2018 Disney film "Black Panther", Destiny's cast is largely Black.

Destiny will seize the record for Hollywood's movie with the largest number of speaking parts. That record is currently held by "Independence Day", the 1996 science fiction thriller starring Will Smith -- with 187 speaking roles. Destiny has over 200 speaking roles, and the movie is very long -- more than three hours. 

Is Destiny a musical? This is absolutely not a musical.

   Christmas in August -- Here is a large part of Destiny's soundtrack for free

                      "Flying High In The Friendly Sky"

                               "What's Going On?"
                                    
                               "My Dear Mr. Gaye"
                   
                                "I Do Love You"

                                "I Have Nothing"

                                  "Imagination"
                                   
                                             "Reasons"

                             "Don't Make Me Over"
                             
                             "Be Ever Wonderful"

                                  "Hypnotized"

                      "Deja Vu -- I've Been Here Before"

                               "Everlasting Love"
                                 
                                     "Sugar"                              
                                 
                                 "Feel The Fire"

                                     "Listen"

                              "I'd Still Say Yes"

                             "Slow Down Heart"

                                    "Quiero"

                                 "Beautiful Liar"

                                   "Together"

                                     "Valerie"
                           
                                    "Feels Like Summer"
  
                       "Dreaming's Out Of Season"

                          "Haven't Met You Yet"

                           "Me and Mrs. Jones"
                          
                                 "Suit and Tie"

                      "Rolling Down The Mountainside"

                                "It Wasn't Me"
                            
                           "Star Spangled Banner"
                                                 
                              "Super Bowl 50 Halftime Show"

                               "Light My Fire"

                           "Ain't Always Pretty"
    
                         "Love The Way You LIe"

                        "La La Means I Love You"
                            
                                    "Baby I'm For Real"

                          "You're My Everything"

                                "Diamonds"
          
                            "Love on the Brain"

                                    "Work"

                               "L'ultimo Re"

                                "Resta Qui"
                      
                                   "Spell"

                                    "Halo"

                        "Don't Want To Be A Fool"

                    "My Pretending Days Are Over"

                         "Somewhere In My Lifetime"

                            "God Favored Me"
 
                           "Casanova Brown"

                                "Sunshine"

                                  "Church"

                             "You Are My Lady"

                              "Amor De Mi Vida"

                                     "Can I"

                           "This Must Be Heaven"

                        "Como Se Cura Una Herida"
                         
                                   "Amr Diab"

                               "Ooh Baby Baby"

                                  "Slow Jams"

                       "Didn't We Almost Have It All"

                                     "My Girl"

                            "Stay To The Morning"

                            "Don't Make Ma Over"

                          "This Is How We Do It"

                            "My Baby Loves Me"

                                 "More Love"

                                 "Love Saw It"

                                    "Seconds"

                              "The Way We Were"

                                   "Danny Boy"

                               "Lover's Intuition"                                   
                            
                                     "Sola"
                        
                                 "24K Magic"
         
                                  "Please Me"

                                    "Burn"

                           "Love Will Find A Way"
                           
                              "Give It Up To Me"

                                  "Too Close"

                                      "Tu"
                                     
                                    "Home"
                    

Tuesday, August 27, 2019

South China Morning Post: Beijing casts doubt on the state of the trade talks after Donald Trump -- Donald being the world's smartest businessman, economics genius, negotiator extraordinaire and all-around great lover -- said, yesterday, that China wants to reach a deal quickly


Wall Street Journal: Global stock markets seesawed overnight before the open on Wall Street in New York City, and the situation is made more tense because weak economic data has been released.  The Japanese yen has firmed solidly overnight, and that is an extremely bad sign for the American economy


Daily Mail: Donald Trump's approval rating is falling in several battleground states and that has the Congressional GOP alarmed

 

                                                         WARNING

Thanks to President Donald Duck, it's time to put your investments into a financial lifeboat, if you are a person who is extremely risk- adverse


It is now 6:05 AM, Pacific Time in California: Presently the Dow futures indicates that Wall Street will open in 25 minutes with a moderate gain of around 155 points on the Dow.

If I were the average American family -- two kids in college, extremely risk-adverse and looking forward to retirement in a few years -- here is what I would do at the market open: I would sell at market price every single share of stock or equities mutual funds I owned, not only American companies, also all foreign companies.

I would also sell any long-term debt -- either corporate debt or Treasuries of any length, no matter how short. However, I would hold onto any present investment in money market fund positions.

I would ASAP place into a big safe deposit box in a major U.S bank with a local branch in my neighborhood U.S. dollars -- in cash -- covering two years of all expected family expenses -- estimate high and be sure you have thought of all expenses and needed future purchases.

Then I would immediately invest 80% of the remaining cash that was generated from the above sales, after deducting the two-year safety net, into Japanese yen -- the bills -- the actual money, and I would place those yen into the safe deposit box.

I would invest about 10% of my overall net worth in gold bullion and a single gold futures contract, the gold contract being no further out than December, 2019. Of course, all the gold bullion is kept in the safe deposit box.

Once all the above steps are taken care of, a good night's sleep is assured well into the future. Then, as early today as possible, I would grab my surf board and make the 7 minute drive over to Bikini Beach, which is my neighborhood's beach.  Surf's up!!!




                     Bikini Beach aka Pacific Beach, San Diego

                                             "Feels Like Summer"
                                                                   








   I pray that the United States of America will live for 100,000 years

But one thing is certain, there will never be another successful  Presidential campaign like Obama 2008. There will never be better
 


                                                                    Commentary
If you would take a minute to scroll down to January 22, 2018 you will find a brief description of the very positive economic progress that came about during the Obama Administration




                              It's time to get real about the Middle East
              Please scroll down to July 26, 2018 for information
                on politics and military affairs in the Middle East





                                   "24K Magic"
 
                           "There Goes My Baby"


Monday, August 26, 2019
Dow closes with a gain of 270 points, as the White House claims that China wants to make a deal very soon, since Donald Trump is such a great negotiator and National leader

The G7 meeting wraps up with President Trump's news conference




                             "Kisses Down Low"

                                  "Please Me"
                                    
                                      Lyrics

     
Sunday, August 25, 2019
The G7 meeting has proceeded on course, but the American president has created some degree of controversy by kissing the German Chancellor on her lips and then kissing France's First Lady. First Lady Melania was a gorgeous vision in a red gown, which caused the Canadian Prime Minister to lose his mind and plant a hot, affectionate kiss on our First Lady.  You can't make this stuff up


President Trump claims he has the "absolute right" under a 1977 law to order American companies to leave China

The White House claims that Mr. Trump did not intend to say that he had any regrets about the trade war, despite the fact that he said precisely that. Plus, the President now claims he wishes that he had increased the tariffs even higher than their present level

                              
                                        Commentary
The American trade war with China saddens me so very deeply, because I have an affinity to China that dates back to 1973. In that year, shortly after my graduation from New York University Law School, Summa Cum Laude, I was a first year attorney, specializing in international corporate finance, at the Wall Street law firm of Dewey, Ballantine, Bushby, Palmer & Wood.  I worked on the first trading transaction in the modern era between an American company and the People's Republic of China. I am the attorney who actually did the legal research that determined whether it was legal for an American corporation to trade with China. My conclusion was that no U.S. law prohibited such a transaction, even though the United States was at war in Vietnam and China was militarily supporting North Vietnam, America's adversary in that conflict.

Our client sold American-grown wheat to Beijing for $250 million. When the transaction was completed and news reports hit the Wall Street Journal, New York Times and major newspapers all over the World, I felt so proud because everyone agreed that all humanity would benefit from the opening of trade between America and China, and the start of more friendly relations between the two super powers. For a full account of this China story, scroll down below to the text for September 17, 2018, in this column


                                      Shanghai


                                   "On My Own"
                             
                                       "Burn"

                                 "Ooh Baby Baby"


                                  "I Do Love You"        



Saturday, August 24, 2019
   


                   New York Times:  The 1619 Project





                             "Bumpin' on Sunset"


Friday, August 23, 2019



                  

                                    "Levitate"



Thursday, July 25, 2019


Tuesday, July 23, 2019


Monday, July 22, 2019



                                     "Sugar"


Friday, July 19, 2019
Dow falls 69 points as tensions regarding Iran increase, while the forecast extent of interest rate cuts narrows

Fed's Beige Book shows widespread concern over tariffs, but gives a positive economic outlook





                                  "Callaita"
                            
                                      Lyrics in English


Thursday, July 18, 2019
Dow gains 3 points as rate cut optimism continues to buoy the markets following statements by Fed president John Williams



Wednesday, July 17, 2019





Tuesday, July 16, 2019
Gregg Robb: Federal Reserve data reveals that the U.S. manufacturing sector has fallen into recession






Monday, July 15, 2019


Overnight, Chinese stocks recovered from an early slip as the government reports the slowest rate of growth in 27 years at 6.2% in the second quarter

U.S. Bureau of Economic Analysis: U.S. quarterly GDP growth rate



                     "Somewhere In My Lifetime"

                            "Smokin' Room"

                                  "Everlasting Love"



Sunday, July 14, 2019



Do you recognize the man pictured above? His name is Gulbuddin Hekmatyar.    This link is to Wikipedia's account of his life.   It is not surprising that you do not recognize his name, because there has been a very successful effort for decades to keep this man an unknown to the American public -- in fact, to make him an unknown to anyone in the World who has any real sense of right and wrong.   

What Wikipedia neglects to mention is the fact that Gulbuddin Hekmatyar was the biggest heroin drug czar in the history of the entire World, controlling 60% of the planet's opium production                                                                                                      
  

"Destiny" the story of Gulbuddin Hekmatyar and the United States of America



Saturday, July 13, 2019
The Federal Reserve is going to cut interest rates despite record highs on Wall Street and record low unemployment






 

                             "Alone In Brewster Bay"



Friday, July 12, 2019

Overnight, stock markets in Asia mostly saw gains in tandem with the record closes on Wall Street yesterday

Barbara Kollmeyer: Milton Berg nailed the 1987 market crash, and now he is bailing out of equities and bonds

                     

                                            Milton Berg
  One good forecast does not guarantee there will ever be a second

Keep in mind this fact: In May, 2016, Milton Berg predicted that Wall Street was on the cusp of a 30-year bear market

       
What is the relevance of the U.S. national debt and the debt ceiling?




                   

                                     "Motivation"

                                "Love In This Club"

                                        "Party"



Thursday, July 11, 2019
The June CPI inflation figures cause a jump in Treasury yields







Wednesday, July 10, 2019
Dow closes with a gain of 77 points and the Nasdaq hits a new record close

Apparently, Jerome Powell has changed his views since he was under the Obama Administration. He has become far more dovish



Overnight, Asian markets trended higher, despite uncertainty





                      Sean Hannity -- Propaganda Boy

On countless occasions over the last several years, Sean Hannity has claimed that President Obama gave the Iranians billions of dollars, in cash, in an attempt to appease Tehran. As is often the case, the facts of this situation are very different than the implications made by Hannity. To be continued . . . .

          
          
                                 "Feels Like Summer"


Tuesday, July 9, 2019
Overnight, Asian markets weakened ahead of Chairman Powell's testimony to Congress scheduled for later this week



 

                               "Flyin' High In The Friendly Sky" 



                           

The source of Frank Lucas' heroin in Southeast Asia, a man named Khun Sa, died of natural causes at the age of 73 in 2007. At one time, drug lord Khun Sa commanded an army of 20,000 men who operated his opium growing fields and heroin refineries







 
Monday, July 8, 2019


CNN Business: The case for stimulating the U.S. economy just got weaker. However, the stimulus argument with respect to Europe has strengthened




Brian Sozzi: Dow Jones Industrial at 30,000 may come very soon



                     A summary of the Green New Deal


                             Mount Shasta, Northern California


Did President Roosevelt's New Deal program rescue the United States from the Great Depression of the 1930's? Oftentimes, people are unaware of the fact that many experts argue that World War II, not the New Deal, is what brought the American economy out of its extreme slump in the 1930's and early 1940's


                  On the subject of Iran and the Mideast

Scroll  down 15 feet for the information set forth below on July 26, 2018. Unlike what is in the Washington Post article above and just about every corner of the Western news media with respect to Iran, as well as most anything concerning the Mideast, the information set forth below in this column is actually true, complete and unbiased. Prepare yourself. You are going to be completely shocked



                             Mount Damavand, Iran



Sunday, July 7, 2019
Bloomberg Economics:  All eyes are on Fed Chairman Powell, as well as on a host of other macroeconomic issues





                                    "Hypnotized"





Saturday, July 6, 2019





                         Amr Diab: "Qusad Einy"

                            Sherine: "Masha'er"
              
                            Sherine: "Sala Bali"
                         


Friday, July 5, 2019






Thursday, July 4, 2019



                                      Beyonce

                                Whitney Houston

                                Jennifer Hudson
 
                                 Stephanie Mills
        

Wednesday, July 3, 2019


Tuesday, July 2, 2019


Monday, July 1, 2019




                                        "Adorn"



Friday, June 28, 2019




Bob Pisani: Earnings this year may end up flat, and that is a problem for investors with an eye on new record gains
:





                         2019 Lamborghini Aventador

                              Life is short. You gotta hurry™



Thursday, June 27, 2019
Greg Robb: The meeting of Trump and Xi at the G-20 will probably result in a cease fire in the trade War






                             Second Democratic Party Debate







My brother, Mark, with his wife and daughter, pose with Senator Kamala Harris in Atlanta at a campaign fundraiser -- Go Kamala

                        "Ain't No Stoppin' Us Now"


Wednesday, June 26, 2019








                                    Debate Night In America

Here is a question for the next debate: Do you support a Worldwide cease-fire? A cease-fire would save thousands of lives and restore America's moral and ethical compass, as well as give a huge, positive boost to the economies of all nations that are involved


 
Does the Democratic Party have a coherent business, fiscal, tax and foreign affairs policy in 2019?  No, not really. But, for the time being, try this -- it sounds comfortable: Muddle Along. Hope for the Best 



                        Amy Winehouse  1983 - 2011
 
                                      "Valerie"

                                  "Valerie -- Live"




Tuesday, June 25, 2019
Overnight, Asian markets retreated as participants wait to see the outcome of the Trump/Xi meeting at the G-20


           
                                             George Soros

                                     "L'Ultimo Re"


Dow falls 179 points in reaction to a dampening of rate cut speculation on the part of the Federal Reserve Bank




                                         "Burn"


Monday, June 24, 2019
Overnight, Asian equities moved higher after China announced that President Xi will meet with President Trump at the G-20


Dow manages an 8 point gain,  but most stocks on Wall Street lost ground under pressure from trade and geopolitics




                     Coastal Orange County -- Southern California


  m       
Sunday, June 23, 2019


        Another perfect day in the Southern California paradise

                       "Didn't We Almost Have It All"


Saturday, June 22, 2019
Mark DeCambre: The Dow is on pace to log its best June in 80 years

   







                                 "Slow Jams"

                           "You Put A Move On My Heart"

                        "Como Se Cura Una Herida"       



Friday, June 21, 2019
The price of gold has soared to a six-year high because interest rates have tumbled, along with currencies, and many market participants have lost their appetite for risky investments





                            Mohammad Mosaddegh
 
                


For the real story on Iran and other aspects of Mideast issues, scroll down 15 feet in this column to July 26, 2018. Prepare yourself. Both Fox News and MSNBC are telling you BS, and almost the same BS

The Western news media adores any opportunity to fan the flames of Sunni/Shia conflict, saying:"They have been fighting for 1,400 years. They will never change, because that's just their nature."

You never hear the Westerners point out that during that same period England and France fought 27 conflicts against each other, but now are at peace and there will probably always be peace between the two nations. It undoubtedly helps that the news media does not constantly encourage conflict between England and France. And the fact that the Trump Administration isn't hinging foreign policy decisions on whether France spends billions on American weapons to safeguard itself from those homicidal fanatics across the English Channel.



            What kind of drone was this now-famous drone?
      It was not the kind you buy over at the local hobby store



This was an unmanned spy plane, capable of data collection, interference with radar or directing an aerial mass-attack on Iran
Pictured above is an American MQ-4C Triton, which is similar to the super-secret BAMS-D prototype version of the RQ-4A -- the spy plane that is being called a drone in the Western news media. The BAMS-D was shot down earlier this week by the Iranians.

It is difficult to tell from the picture above, but this unmanned spy plane is about the size of a commercial airliner and costs approximately $180 million when outfitted with all sorts of high-tech war making equipment. It is capable of staying in flight for 30 hours, at an altitude of 55,000 feet, without landing.

This aircraft is the sort of vehicle that would immediately precede a strike force, such as a massive air attack on Iran. A MQ-4C would enter the target's air space moments
before the attacking bombers and disrupt Iranian radar, assess target's in real time, help guide munitions to their targets, and assist communications between the attacking bombers and headquarters on the other side of the world.

Any country would consider the entry of aits airspace as an indicator of an imminent attack, and would immediately intercept the threat with its air defense missiles




                                  "Danny Boy"



Thursday, June 20, 2019
Oil prices have jumped upwards following fresh tensions between America and Iran. Plus, oil stockpiles are relatively low




Dow soars 249 points despite escalation in the Persian Gulf. The S&P 500 has hit an all-time record

Press TV: Iran condemns American  drone incursion in a letter to the United Nations

Press TV: This is a video of Iran's Khordad 3 air defense missiles shooting down the U.S. drone

President Trump suggests that the drone downing was a twisted mistake of an unauthorized individual






                                     "Lento"

                             "Lento -- with lyrics"


Wednesday, June 19, 2019
Amid the trade war, China is rolling out the red carpet for other developing countries around the world

                     The Chinese Belt and Road Initiative

When the Chinese approach a small, developing country with respect to the possibility of reaching mutually beneficial trade agreements, the Chinese have a simple, yet poignant refrain: "We were never your oppressors. We are not the Americans, nor are we the Europeans, who exploited you for hundreds of years."


                     Baddest business jet ever made



   
               
                      "A Heart Is A House For Love"

                       "The Five Heartbeats -- Live"

                       'The Five Heartbeats -- Live"




                               Aston Martin DB Eleven
       If you have to ask how much it costs, then you can't afford it


Tuesday, June 18, 2019
Overnight, Asian markets mostly saw another session of gains








   2019 Ferrari 488 Spyder -- $335,000, fully loaded and ready to fly

                                   "New York"


                                      "You Are My Lady" 
  Even if you don't speak Mandarin, you are sure this is a love song

                            "I Will Always Love You"
Lin Yu Chun -- This young man is a teenage girl's heartthrob throughout all of Asia. He is from Taiwan 

      Imitation is the most sincere, and wonderful, form of flattery

                          "Filipinas Divas -- Live"


Monday, June 17, 2019
Dow meanders to a gain of 23 points, with a little help from tech


Will Washington create a sibling agency to Fannie and Freddie?

                        On the subject of Iran and the Mideast:
Scroll down 12 feet for the information set forth below on July 26, 2018. Unlike what is in just about every corner of the Western news media with respect to Iran, as well as most anything concerning the Mideast, the information set forth below is actually true and unbiased. Prepare yourself. You are going to be completely shocked


              
                           Tehran, the capital of Iran



Sunday, June 16, 2019

Abrahamic religions: Believers of Christianity, Islam and Judaism are actually all worshiping the same God -- The God of Abraham

 News Flash -- here's a surprise: Everyone who goes Home to God
                               goes Home to the same Heaven

Everyone: Baha'i, Buddhist, Christian, Confucianism, Hindu, Indi-genous Traditional Religions, Jew, Mormon, Muslim, Tao, Zoroastrianism, as well as all the others who strive daily to follow their correct path in life

          A man should be judged by the content of his character 
                              Not the color of his skin

                            A Man Called Jon       

                                  "Church"


Saturday, June 15, 2019

                        

                                        "Please Me"

                                       "24K Magic"




Friday, June 14, 2019


Friday, May 17, 2019


Thursday, May 16, 2019



Top News and Analysis


Wednesday, May 15, 2019
Commerce Department: Retail sales for April comes in weaker than expectation, potentially a sign of a slowing economy

CNN Business: The Dow rallied yesterday because the U.S. is still the best place to put your money

The value of gold appears firm, but the price seems pinned below $1,300 for the time being

Dow closes 116 points higher. Apparently, trade worries lessened

President Trump has delayed the imposition of tariffs on autos








                                    "Hypnotized"

                                  "If I Were A Bell"



Tuesday, May 14, 2019
Dow claws back 207 points of Monday's rout on Wall Street


The 10-year Treasury has lifted off a six-week low






                                             Tehran

                              Islamic Repubic of Iran



Monday, May 13, 2019
Dow plunges 617 points as trade war tensions rule the day's trading

The Treasury yield curve has inverted once again under pressure created by the tariff dispute

 
                  Summary of U.S./China trade dispute






Sunday, May 12, 2019




Saturday, May 11, 2019


There are national economies that will suffer greatly from the current trade war



 
  Why is this picture here? I just like pictures of airplanes. Plain and simple


Friday, May 10, 2019





 Donald Trump: "These people are thieves. They're robbing America blind."


President Donald Trump will probably never point out that China has had the world's largest economy for 13 of the past 15 centuries. China lost the title to Britain in the 1880's, and then America became the largest economy in the 1940's, post World War II. China will soon retake the title as the largest economy, and, in fact, by some measurements, China is already the planet's largest economy

Also of note is the following fact: During the 1930's, China was the only major economy in the world that did not sink into depression. The lesson here being: The Chinese have economic acumen; they know how to run a successful economy, without "robbing" others




                   

                              "Tu (letra) Calor Urbano"
 

Thursday, May 9, 2019
Dow falls 139 points as the specter of increased tariffs looms at midnight. The intraday Dow low was nearly 450 points







          Rush Limbaugh -- America's most successful Propaganda Boy

Yesterday, Rush Limbaugh spent a lot of time defending Donald Trump's  billion dollar loss in the 1990's. The defense was skillful propaganda. As is oftentimes the case, Limbaugh was purposefully misleading his audience regarding the mechanics of Trump's debt

For a truthful analysis of President Trump's debt problems in the 1990's, see this blog's entry for October 2, 2016, in this column




                       
 
                            "Avengers: Endgame"
          Two week's gross at the box office: $2.273 billion


Wednesday, May 8, 2019
New Zealand's dollar has slumped after its central bank cut interest rates in the country. The U.S. dollar has also fallen in value



Why I personally hate this trade war: Because in the spring of 1973 I played a significant role in the opening of trade between the United States and China in the modern era. I hate to see that great leap forward massacred by Donald Trump and his merry band of trust fund babies who can't stand China's success. Therefore, these trust fund snowflakes conclude, China must be cheating America somehow, and it must be disciplined like a child by the Americans

For a truthful reflection on the American/Chinese trade relationship, see this blog's entry for October 5, 2016, in this column








                                      "Party"

                                 "Love on Top"

                                "Dance for You"



Tuesday, May 7, 2019
Dow plunges 473 points in its worst day since January due to fears about the trade tension between America and China

Overnight, equity markets in Asia were mixed as participants pondered what to think of the latest round of Trump disruption




 

                             "God Bless The Child"

                               "Ribbon in the Sky"

                                       "Home"

                          "Somewhere In My Lifetime"

                                     "Hey Love"



Monday, May 6. 2019
Dow closes with a loss of 66 points, but the damage was much worse at midday because of possible tariffs on China







                              Walking by Faith, not by vision



                                   The Book of Eli

                                       Bar Scene

                                   Street Gun Fight



Sunday, May 5, 2019




Friday, May 3, 2019
Dow powers 197 points higher following today's strong jobs report

Labor Department: The American economy added a very robust 263,000 new jobs in April, a figure that exceeds most forecasts. The unemployment rate has fallen to 3.6%. its lowest level since 1969

Overnight, markets in Asia pulled back in an apparent reaction to the position of the Federal Reserve, as well as waning optimism regarding an imminent trade deal


Health insurance deductibles have soared, leaving some Americans with unaffordable medical bills





                             "Bumpin' On Sunset"


Thursday, May 2, 2019
Dow tumbles 122 points as the value of a barrel of crude oil falls significantly due to growing inventories



U.S. troops on patrol walk past a large field of opium poppies in Marjah province, Afghanistan. Today, Afghanistan's opium poppies supply 60% of the heroin on the streets of America and Europe.   The date of the above photograph is unknown

Each year Afghanistan's heroin kills thousands of people in America and around the world

This is strange: The United Nations is keeping track of where every poppy plant is growing in Afghanistan. Complete with satellite imagery. I guess that's so somebody can be sure they get watered regularly. This is so strange . . .  or something weird



            There is no situation so bad that it can't get worse®


Wednesday, May 1, 2019
Dow falls 163 points as Apple nears a valuation of $1 trillion



Dow Transportation Average takes a near 100 point dive after the release of disappointing ISM data






                       "The Creator Has A Master Plan"

                                     "Danny Boy"


Tuesday, April 30, 2019

Dow adds a gain of 39 points and it appears that Wall Street is no longer anxious about the earnings season

                                    
                                        Medicare for All




                Destiny: A Legend of Our Time
            In theaters worldwide -- April, 2021



 
 Finally. The true story of heroin smuggling and the United States of America





                                 Ferrari 488 Spyder
 
                                        
Monday, Aprl 29, 2019


Saturday, April 27, 2019




                               "Unchained Melody"



Friday, April 26, 2019
Dow climbs 81 points as Wall Street marks new record highs on the Nasdaq and S&P 500

            The Democratic Party's Imponderable Conundrum

Wealthy borrows will benefit the most From Senator Warren's student debt forgiveness plan. Once again, the Democratic pundits and headline writers sound shocked that those people who have lived a successful financial life continue to succeed. Someone alert the media, immediately! ! ! !


                      The Conundrum's Solution
It's time to get real and face the fact that many policies of the Democratic party are actually delusional fantasies that sound good as rhetoric but would be catastrophic if enacted into law. And this reality is particularly true regarding business, finance, tax poicy and many aspects of international relations and military affairs.
 


      
George Soros -- The greatest financial analyst of all time, A master of the alchemy of finance

What is top-down, macroeconomic financial analysis? In the marketplace today, who are the two foremost top-down wizards? Answer: George Soros and Walter Lewis




                                          "I do love you"     


                                      "Because I love you"

 


Thursday, April 25, 2019
Dow slips135 points under the weight of a rout in the shares of 3M





                                            
Joe Biden for the win? The former Vice President officially enters the 2020 Presidential race



                 
                                                Deja Vu

                          The Einstein Rosen Bridge



Wednesday, April 24, 2019


Tuesday, April 23, 2019
Dow adds 145 points, and the Nasdaq and S&P 500 just posted new record highs








                                "Because I Love You"


Monday, April 22, 2019
Dow slips 48 points as Wall Street awaits the start of this quarter's earnings season

Wall Street Journal: America needs to pay attention to this -- The Social Security trustees say that in this year -- 2020 - Social Security costs will exceed the program's income. That's called a deficit

One day, the Social Security system will collapse if we just continue the status quo. The consequences will be devastating for all living Americans, but particularly for older citizens. Do you like the taste of cat food? If not, perhaps the politicians should start trying to fix this disaster in the making




                                         
The Gulfstream G650ER is a great $66.5 million gift for that someone who already has everything else, when that someone also has a love of flying at near supersonic speeds from John Wayne Airport in Orange County to La Guardia in New York City, non-stop, of course, for the 2,449 mile journey





                Howard University women's 4X100 meter relay team           

                                   "God Speed
                            Ain't no stoppin' us now


Sunday, April 21, 2019



                      He Lives

 
                                       "Emmanuel"

                                      "Total Praise"



Saturday, April 20, 2019



                     "Heaven Is Only One Step Away"

                             "Stairway to Heaven"




Top News and Analysis 
President Trump says the Fed is moving too fast as it raises interest rates in the United States



Does the Democratic Party have an economic policy for America beyond "Raise the minimum wage"?  No, not really. However, the Democrats do have a few catchy slogans that sound good to people who pay little attention to matters involving economic policy


Tuesday, October 9, 2018
Dow slips 56 points under the weight of rising interest rates and oil prices


                                        The U.S. budget process

                                A chart of budgetary information


                                                        Wait a minute.
The Republicans said cutting taxes would increase tax revenues thereby       shrinking the deficit. Have tax revenues increased?  Has the deficit shrank? 


 Sunday, October 7, 2018
                                       "Feel the  Fire"



Saturday, October 6, 2018

                                            You've Got Mail
Sent: Saturday, October 06, 2018 at 2:31 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Re: Kavanaugh confirmed


I’m going to be honest with you, Walter — it’s been a tough day.

Despite serious allegations, a record as a partisan operative and a lack of honesty under oath, a majority of the Senate just voted to place Kavanaugh on the Supreme Court.

I’m not going to pretend this is okay or normal. It’s not. Instead, I’m going to tell you there’s one thing we can do to make sure this never happens again:

ELECT. MORE. DEMOCRATIC. WOMEN.

A month from today, we have the chance to do that in Arizona and Nevada by electing Kyrsten Sinema and Jacky Rosen — who both announced this week they would have voted against Kavanaugh if they were in the Senate.

That’s why I’m asking:

Will you rush a donation of $10 or more to elect Kyrsten Sinema and Jacky Rosen to the U.S. Senate one month from today?

If you’ve saved your payment information with ActBlue Express, your donation to Kyrsten Sinema, Jacky Rosen, and Kamala Harris will go through immediately:


We can't stop fighting. Progress doesn't happen overnight.

It can be painful. It can be slow. But now is the time to roll up our sleeves, knock on doors, and register people to vote. In one month we have the chance to vote and stand up for the country we love.

Let’s get to work.

—Kamala
               *******************************************

Sent: Saturday, October 06, 2018 at 6:16 PM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: WE SAVED THE SUPREME COURT

Trump Pence Make America Great Again



Walter,

I write to you today on the heels of a tremendous victory for our nation, our people and our beloved Constitution.

You elected Republicans to fight for Americans in the face of injustice.

Today, I’m proud to tell you that our Party stood up against the angry mob and voted to CONFIRM Judge Brett Kavanaugh to the Supreme Court.

And the real hero of this great battle was you.

But although today is a big victory, we can NEVER forget what the Democrats did to this good man and his family.

Because if they did it to Judge Kavanaugh… They could one day do it to YOU.

With ONLY 31 days to go until the election, please make a contribution to DEFEAT every Democrat complicit in this nasty witch hunt.



Democrats want this country to be a place where the witch hunters call you guilty and force you to prove your innocence before the screaming mob.

We CANNOT let them take the reins of power in America.

Please make a contribution to DEFEAT every Democrat complicit in this nasty witch hunt.

Thank you,


President Trump
Donald J. Trump
President of the United States
                    *********************
m
Friday, October 5, 2018

                              You've Got Mail
Sent: Thursday, October 04, 2018 at 10:27 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Re: Kavanaugh’s nomination


Mitch McConnell has filed cloture on Kavanaugh’s nomination to the Supreme Court, which means a vote on his confirmation in the full Senate is imminent and we need to fight back with everything we’ve got.

I want you to know I am doing all I can to stop Kavanaugh from being confirmed this week — and I’m not alone in that fight, Walter.

My colleague Joe Donnelly is in one of the closet re-election campaigns in the country, and he’s facing an obscene amount of attacks from Mitch McConnell’s rich megadonors. Despite that, he announced his opposition to Kavanaugh’s nomination late last week and is standing with us in this fight.

Joe needs to know we’ve got his back because of it:

I am personally asking you to rush a donation of $10 or more to Joe Donnelly’s re-election campaign. Joe’s race is within the margin of error in every poll — meaning your support could be the difference:

If you’ve saved your payment information with ActBlue Express, your donation to Joe Donnelly and Kamala Harris will go through immediately:

Republicans have done everything they can to rush the FBI investigation and confirmation of Judge Kavanaugh. That’s not right — and we have to continue to make calls and fight back every way we can.

That means standing with our allies like Joe Donnelly, which is why I’m counting on you to add a contribution today.

Thanks and take care,

— Kamala

                   *****************************************


Sent: Thursday, October 04, 2018 at 3:37 PM
From: "DonaldJTrump.com" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: KAVANAUGH CLEARED

********
Trump Pence Make America Great Again


Walter,

Judge Kavanaugh’s name has been cleared for the SEVENTH TIME.

NO MORE GAMES. NO MORE EXCUSES.

THE SENATE MUST CONFIRM JUDGE KAVANAUGH TO THE U.S. SENATE NOW.

We will send a flow of NON-STOP PETITIONS signed by the American people until the Senate confirms him. Sign YOURS before the final vote.



TELL THE SENATE: CONFIRM JUDGE KAVANAUGH

Please confirm your information below:
 
Walter Lewis
walterlewis@gmx.com

 
ADD YOUR NAME 
 

It’s painful to think of what the Kavanaugh family has been through these past two weeks at the hands of some truly vicious and despicable senators in the Democrat Party.

Will the Democrats apologize to Mrs. Kavanaugh for the irreparable damage they’ve done to her entire family on live TV? Of course not.

Instead, Kirsten Gillibrand, Chuck Schumer, Elizabeth Warren, Tim Kaine, and the other most radical Democrat Senators will soon take the Senate floor to get even nastier.

We MUST stand strong. The presumption of innocence in America is at stake.

Please sign your petition at this historic moment in our country.

Thanks,

Team TRUMP 




 Sunday, September 30, 2018

                     The 2018 series of U.S. -- China trade conflicts



Saturday, September 29. 2018

                               You've Got Mail

Sent: Saturday, September 29, 2018 at 4:38 PM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I need your help, Walter

I need your help in supporting Democrats because our democracy depends on it. Make a donation today if you're ready to elect Democrats up and down the ballot.

DemocratsJoin us.
Walter --

I'm writing to you today to deliver a simple message: This year's elections are more important than any I can remember in my lifetime, and I need you to fight alongside me.

We are in an extraordinary position to take back the House, Senate, and seats across the country, and I'm counting on you to step up.

Will you contribute $25 to elect Democratic candidates all across the country?

If you've saved your payment information with ActBlue Express, your donation will go through immediately.

This is a pivotal moment when we as a country need to determine who we are and what we stand for.

In 38 days, we have a chance to flip Congress, governorships, statehouses, and seats across our country -- we just have to put in the work together.

Walter, I'm counting on you today. Make a $25 donation right now to stand with Democrats nationwide.

Thank you for showing where you stand at this moment.

Barack

             ****************************************

Sent: Saturday, September 29, 2018 at 7:05 AM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: See the difference for yourself, Walter

Walter,

There are A LOT of big-name Democrats trying to buy the midterm elections from you.

Here’s their team.

The democrats' supports

Now here’s the most recent list of supporters on OUR team.

America's Supporters

To amplify your voice above the millionaires in Hollywood trying to drown you out, your contribution toward our FINAL END OF QUARTER DEADLINE will be TRIPLE MATCHED.


When we unite as Americans, we can and we will WIN.

Now make a contribution of $42 toward our FINAL FEC DEADLINE, and it will be TRIPLE MATCHED.

Thank you,


President Trump
Donald J. Trump
President of the United States


 Friday, September  28, 2018
Dow closes with a gain of 18 points, and the S&P 500 posts a very strong quarter

                                    You/ve Got Mail
Sent: Friday, September 28, 2018 at 8:35 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I walked out

I walked out, Walter.

Republicans are rushing Judge Kavanaugh’s confirmation with a sham hearing this morning, less than 24 hours after Dr. Ford had the courage to tell her story in front of the entire country. This is a disgrace.

So, instead of sitting through this farce... I walked out.

Setting a vote on Kavanaugh this soon after Dr. Ford’s testimony and before we’ve even had an independent FBI investigation into the multiple allegations of sexual assault that have been made against him is outrageous.

We haven’t even given the public the chance to make their voices heard after listening to Dr. Ford’s testimony. You deserve better.

Now, it’s up to the full Senate — and that’s why I’m asking:

Walter: I need you with me in this fight. Can you sign my urgent petition opposing Judge Kavanaugh’s shameful nomination to the Supreme Court before it’s too late?

Things are moving fast. I’ll be in touch soon.

Kamala

                   *************************



     Brett Kavanaugh -- An extraordinary party planner

     Here below are two more things that are hard to comprehend
                   
                              "A Whiter Shade of Pale"

                                     "MacArthur Park"

So, you didn't know that the world's financial markets almost collapsed in August, 2015 -- much as Wall Street collapsed in October, 1929?              

                                    Ignorance is bliss

John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion     Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opened in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the near future, and the Bank also lowered China's bank reserve requirements, all in an effort to calm the World's financial markets   

                                      
Thank you, Beijing

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of all the Western nations are practically incapable of doing what China has just done in an effort to stabilize the World's financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements in the way that Beijing raised China's banks' reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheer leading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September, 2015". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- 
raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see.

And the reason why this narrative has ceased, at least for the time being, is because, in fact, the threat of "normalization" by the Federal Reserve almost crashed the World's financial markets over the course of the last several business days. Crashed -- like the financial crashes of October, 1929 or August, 1987.
                     

                          So, let me make sure I've got this right 


While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush, in a timely fashion, to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.  Thank you, Beijing.
 
                  Artist conception of a Chinese solar powered community    
                   

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the World's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes.  However, if one uses a definition of value that takes into account the striking difference between America and China with respect to the cost of a basket of goods and services inside the two respective countries, some economists would argue that China is right now the World's largest economy utilizing such a pricing-parity 
 formula.

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..
 
Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..
   


I will always feel an affinity for China. The reason why I feel this affinity is very straightforward.  In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood.  My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the late spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the American and Chinese people. I felt that humanity had taken a giant leap forward, and all the World's people would profit from the new, more friendly relationship between the United States and China.

                     **********************************

Sunday, September 16, 2018
                                   A Trip Down Memory Lane                                                                                  October 25, 2012
Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 




                        Denzel Washington -- Superstar

                                       "Deja Vu"

    "An Einstein-Rosen Bridge and the Wheeler Boundary
                    

Saturday, September 15, 2018                                      

            
.
                                            "You Are My Lady"

 
Friday, September 14, 2018
Dow ekes out a 9 point gain and the S&P 500 turns in a fifth straight day in the plus column


         
Summary of the 2018 United States-- China trade conflict

             

                                   "Never Gonna Give You Up"   

 Saturday, September 1, 2018

            

                                      "Sola"

                                  "Amor De Mi Vida"


Saturday. August 11, 2018



                           How did Turkey get into this mess?
                   Answer: A belief in Muddle Along economics

What is Muddle Along economics?  Ignorance combined with apathy and the power to act like Santa Claus. Reality dictates that the Santa Claus power is always temporary


 Thursday, August 9, 2018
Tuesday, August 7, 2018
Dow adds a gain of 127 points, thanks to positive earnings and optimistic trading in the banking and technology sectors

         

                                              "Sorry"


Monday, August 6, 2018
Dow logs a 40 point gain at the close with the help of positive earnings reports from around the globe

                        Summary of sanctions against Iran


                                       
Tehran

                             *****************
                                     You've Got Mail

Sent: Monday, August 06, 2018 at 2:54 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Let’s talk about the phrase “identity politics”


Here’s the truth, Walter:

We won’t be silent about immigrant rights.

We won’t be silent about equal opportunity or equal justice under the law.

We won’t be silent about a woman’s right to control her own body.

That’s the message I delivered at Netroots Nation this weekend when I talked about how some people use the phrase “identity politics” to divide and distract us from important issues that impact all of us.

You can watch my speech here — and then share it with friends:

Identity politics is a phrase designed to minimize and marginalize important issues — whether we’re talking about race, gender, sexual orientation, or our civil rights. It’s used to try and shut us up. But we can’t let it.

These issues they are trying to diminish and demean are the very things that define our identity as Americans — and when we remember that there’s far more that unites us than divides us, and when we speak with a powerful collective voice, we can make sure our country is better than this.

Watch my speech from this weekend at Netroots Nation about our American Identity — and then take a moment to share it with your friends to remind them what’s at stake in this election.

Thanks and take care,

“Every moment is an organizing opportunity, every person a potential activist, every minute a chance to change the world.”
s Huerta

 Sunday, August 5, 2018

                
             
"Let me explain in words you will enjoy"
                                    What is Democratic Socialism?


Saturday, August 4, 2018

I have been asked: "Can President Trump's policies on the economy, taxation and budget, foreign trade and international relations be described in a few words?"

             
"Sure," I respond.  "There are several common threads:
Namely, Incongruent, delusional, dishonest and punishing."

                                   A trip down Memory Lane                                 
                                     Sunday, October 2, 2016

What happened in 1995 -- how could Trump lose $916 million and still live like a billionaire?  He got a lot of help from the tax laws regarding the treatment of real estate assets

Donald Trump's rally in Pueblo, Colorado: "I'm working for you now. I'm not working for Trump"

CNBC: What exactly is Donald Trump's plan for America's taxes?
                                         
New York Times: Trump tax records received by the Times reveal that Trump may have paid no income taxes for nearly two decades, because Trump's businesses lost a staggering $916 million in 1995

            

Fox News: Governor Christie defends Trump's leaked tax return, saying that there is nothing illegal -- there are "no apologies"


Former New York City mayor Giuliani calls Donald Trump a genius for minimizing his Federal income taxes


                           Hey Rudy Giuliani and Chris Christie:
   There is no one more blind than the person who does not want to see®

Understand this: The true issue here is the fact that Donald Trump's lousy business sense caused him to lose $916 million in one year. That is the real red flag here. Remember this: Despite his wealth, in fact, Donald Trump is a strikingly incompetent businessman.

    

      Do not be misled by TV commentators who claim that taking          Trump's tax deduction was "very complicated" -- "it was genius." 

In actuality, the tax deduction that Trump is suspected of utilizing is called a business net operating loss under Section 172 of the Internal Revenue Code. Any third-year college student majoring in Accounting would fully understand and be able to apply the principles involved in taking this deduction. This is not genius; for any accountant, this is no more difficult than ninth grade algebra.
     
This link is to a cookbook summary of how the business net operating loss deduction is calculated and applied. It's really a very basic tax treatment that is oftentimes utilized by start-up businesses in their formative years, before the business becomes profitable, or during later years when expenses are greater than profits. It is a very straight-forward and logical part of the tax code.

However, in the 1990's, there were two provisions of the Internal Revenue Code that may have sweetened the deal for Trump specifically because he was a real estate developer. 

First, at that time, if Trump's bankers forgave his debts -- as banks sometimes did in the 1990's -- Trump would have been allowed to deduct the full cost of properties bought with debt, even though his actual cash payment might have been only a small fraction of the property's full price. 

Second, in the 1990's, the forgiven debt would not have been considered income to Trump. Or in the alternative, Trump may have engaged in illegal "debt parking', a technique in which a company, that is secretly controlled by Trump, would buy his unpaid debts from the unsuspecting banks for pennies on the dollar, and then that Trump controlled entity would never seek to collect on the debt.

Those two huge advantages are no longer allowable under Federal tax law for the very reason that they led to insane outcomes. The full-price write-off technique, despite the presence of huge amounts of borrowed money, was done away with in 2002 by a bipartisan vote of Congress, following a decision by the Supreme Court that highlighted the insanity of that loophole. The Supreme Court actually concluded that Congress had accidentally created the loophole by a mistake in the language of a statute.

At present, forgiven debt is considered to be income in the hands of the debtor, in most situations outside of bankruptcy.

In 1995, in the entire Nation, there were a total of $49 billion of net operating losses taken by all the country's taxpayers. In other words, that year Donald Trump claimed 2% of the Nation's entire net operating losses. That is not a compliment, nor a sign of genius.  

In fact, it is known that Trump was able to force a debt forgiveness of at least $250 million regarding his ill-conceived purchase of the Plaza Hotel in 1992; he grossly overpaid for the hotel. The forgiven debt was absolutely great for Donald Trump, but terrible for the publicly owned banks that took huge losses because of their relationship with The Donald.


       Trump's bad decision making is characterized by grandiosity

        Is he just some kind of crazy TV clown living large on credit?
   
                                          America: Caveat Emptor 
       There is no one more blind than the person who does not want to see®
  

                         

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy, or quantitative easing, will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it without being pressured by a determined questioner who is armed with facts and understanding of this phenomena Summary of Ayn Rand's Objectivist opus 

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years 

For example: Company policy - "We are not hiring until Obama is gone"

For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged

For example: David Seigel, CEO of Westgate resorts, terrorizes his employees with an "Atlas Shrugged" rant


For example: The GOP/Lockheed Martin layoff notice threat/hoax


The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 7.7%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz 

CNBC Video: Rick Santelli, an early voice of the Tea Party, rants that what Europe needs to fix its ills are one million copies of "Atlas Shrugged"


The $3.7 trillion question: Why aren't firms spending?



Peter Schiff: The fantasy of a 91% top income tax rate

 
                            ******************************

            
                                            Rape Prevention Kit



                                     "Somewhere In My Lifetime"

                                                      "Imagination"



                                         You've Got Mail

Sent: Friday, August 03, 2018 at 10:55 AM
From: "Joe Biden" <info@americanpossibilities.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: what Barack and I talked about
American Possibilities
Hi Walter—

I had the chance to catch up with an old friend Monday.

Barack and I met for lunch at Dog Tag Bakery in Washington, DC — a great local outfit that helps veterans and their families gain valuable entrepreneurial experience and earn a certificate in business administration. They also make a mean ham sandwich.

I wanted to share a little bit about what Barack and I talked about — because I think it's pertinent for all of us: We had a nice little discussion about what it means to be a vital participant in democracy.

And how it starts with exercising your God-given right to have a say. It starts with voting.

Join Barack and me, and millions of your fellow citizens, and make a commitment to vote this fall.

It's about more than that, too. It's helping your elderly neighbor out with her trash. Reading out loud at a children's hospital. Helping to clean up your local highway in your free time. Or even simply patronizing a local business doing good work for the community — a place like Dog Tag Bakery.

Citizenship is a sacred duty — something we must live up to every day. Evident in how we treat each other, how and whether we stand up for each other — and yes, even in how we disagree with each other. It's about fellowship.

I know it seems like we're hopelessly divided — like we're stuck in a political death match that we just can't get out of.

But we're better than this.

I've always believed that we are strongest when we are One America.

Rich, poor, middle class. Black, white, Hispanic. Gay, straight, transgender. Folks like my family that came to this country a while ago, and the new immigrant coming today. My grandkids — and the Dreamer who sits next to them in the classroom.

That's who we've always been, and who we can become again.

Recommit to that founding principle, and let me know you'll vote this fall.

We'll be in touch along the way with reminders, and share some more of the leaders who are inspiring us all around the country.

But in the meantime, go say hello to your neighbor. I mean it. That's what this is all about.

Thank you.

—Joe

                              *******************
                                 A Trip Down Memory Lane                                                                                  October 25, 2012

Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 



                                   
                                             "Un Poco De Amor"

                          "I'd Still Say Yes To You Again"

Thursday, August 2, 2018
Dow falls 8 points on the day that Apple reaches $1 trillion in market capitalization, but the damage to U.S. equities could have been much worse, as was reflected earlier in markets in Asia and Europe

The Trump Administration proposes to raise tariffs to 25% on $200 billion of Chinese imports

                              You've Got Mail
Sent: Wednesday, August 01, 2018 at 1:31 PM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: We need to remind Democrats