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Archive 2015

                                  There is no one more blind than the person who does not want to see™

Top News and Analysis


Sunday, January 3, 2016
Patrick Gillespie: Three reasons why the emerging markets are set to rebound in 2016.  Alas, Mr Gillespie is an optimist, maybe delusional

Ivana Kottasova: Three reasons why South Africa is in a hot mess



                                          Cape Town, South Africa

                                   History of South Africa

                   
                                        The British invaders meet the Zulu Kingdom's 20,000 warriors
                                            Battle of Isandhlwana -- January 22, 1879

          
Saturday, January 2, 2016
Tim Mullaney: The junk bond crunch is nothing like the 2008 housing meltdown -- for several reasons, including the overall strength of the U.S. economy and corporate America

CNN Money: These are the world's worst currencies as of December, 2015 -- Argentina, Brazil, South Africa, Turkey and Russia


Video: Why you will fail -- miserably -- at your New Year's resolutions


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                                          You've Got Mail

Sent: Saturday, January 02, 2016 at 4:21 PM
From: "Ben Carson" <info@bencarson.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Thank you, Walter

Walter, 

It is an honor and distinct privilege working with you to restore power back into the hands of "We the People."

Your continued support and presence has made this movement a formidable force. Just recently we ended the 4th fundraising quarter with a most notable record of $23 million raised.

This is the most of any campaign.

We also have the most contributors to date, and we continue to grow. We won’t stop here.

As we enter a new phase of the campaign cycle, you will notice an invigorated campaign strategy that more aggressively shares my vision and worldview with the American people.

Over a year ago, hundreds of thousands of Americans encouraged me to listen to the call and seek the office of President of the greatest nation the world has ever known.

I want to lead this country with you -- I am ready to be President and believe that my unique experience and background is what is needed to heal, inspire and revive America.

Sincerely,

Ben Carson

                   **************************************
Sent: Saturday, January 02, 2016 at 4:19 PM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Thank you

Dear Walter,
Today we are very proud to announce some extraordinary news: our supporters have made 2.5 million contributions to our campaign totaling $73 million, including $33 million in the last three months.

You have donated to our campaign, and so I want to immediately say THANK YOU. I know we have asked a lot recently, and your support means so much to what we are doing.

There were very few people in the world who would have believed you one year ago if you said that Bernie Sanders' supporters would raise $73 million by the end of the year for our presidential campaign. And yet here we are.

More important than how much money we've raised is how we have raised these funds. Incredibly, the vast majority of all the money we have raised comes from small-dollar contributions. You won't see that from our opponent. I don't go around asking a handful of millionaires and billionaires for big checks and call it a day.

The truth is our campaign finance system is nothing short of a national disgrace. Elections should be determined by the power of good ideas, not who can hustle the most money from the rich and powerful.

Real change comes when large numbers of Americans get involved in the democratic process. We have shown that is possible in terms of competing financially against the interests of the billionaire class. And now it is time to show that we can organize in our communities too.

With the first people voting for our next president in less than a month, we have an obligation right now to do all we can to bring as many people into the democratic process as we can. We have a real path toward victory if you can commit to talking to voters at local volunteer event in your community.

Our supporters are organizing thousands more events in communities all across the country as well. You can find those here.

When we talk about a "political revolution," we are not just talking about tinkering around the edges of American society. We are talking about transforming our country in many respects — the economy, health care, education, the environment, criminal justice, immigration and many other areas.

Powered by more than 2.5 million contributions from 1 million people donating less than $30 a piece, we have shown that our political revolution should not be underestimated.

I am excited to see what comes next. Thank you for all of your support.

In solidarity,

Bernie Sanders

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"Unforgettable"

Friday, January 1, 2016

Jeff Reeves: Maybe stocks are priced right in the United States, but your valuation measurement is wrong


  
President Obama's "job killing agenda" continues to impress those who can view the situation realistically

Amazon and Alphabet cap a record-breaking 2015



                                               Kingston, Jamaica

It's jammin' in Jamaica: The World's #1 stock market return in 2015 was the Jamaica Stock Exchange with an impressive gain of 80%

Victor Reklaitis: China, one of the best countries for investors in 2015, may be a good choice for 2016 
Sadly, Mr. Reklaitis does not do a good job of describing the nail-biter stress of Chinese equities in 2015; plus, Mr. Reklaitis probably does not have the Gift of Prophecy

The Russian ruble hits an all-time low as the rout in crude oil hits the currencies of countries focused on commodities exports


Russia's MICEX index, in terms of local currency, was one the globe's top performers in 2015 at 23.0%, but when converted to dollars, the gain was only 4.0% -- demonstrating the importance of an asset's currency strength

                                     
                                 Happy New Year                                    


                          The first sunrise of the best year ever -- 2016
 

                                      

Thursday, December 31, 2015
Dow closes out the last trading day of the year with a loss of 179 points, due mostly to a scarcity of buyers in the final hour of trading


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                                        Year-end Totals
Walter Lewis' Dow Market Timer Portfolio -- a gain of 11.2% for 2015
Dow Jones Industrial Average -- 17,425.03 -- a loss of 2.2% for 2015
Nasdaq Composite Index -- 5,007.41 -- a gain of 5.7% for 2015
S&P 500 Index -- 2,043.94 -- a loss of 0.7% for 2015

ICE Dollar Index -- 98.69 -- a gain of 9.3% for 2015
Gold -- $1,060.20 -- a loss of 10.0% for 2015

WTI Crude Nymex -- $37.04 -- a loss of 30.5% for 2015

Brent London ICE -- $37.28 -- a loss of 35.0% for 2015
Natural Gas Nymex -- $2.337 -- a loss of 19.0% for 2015
RBOB Gasoline -- $1.2672 -- a loss of 11.0% for 2015
U.S. 30-Year Treasury -- 3.015% yield -- a capital loss of 2.0% for 2015

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Oil drops 31% in 2015 under the burden of a global glut of crude oil


Myra Saefong: After a brutal 2015, what's on tap in 2016 for the beaten-down commodities?


CNN Money: Most investors -- nearly 70% -- lost money in 2015


CNBC: 2015 was the hardest year to make money in the last 78 years

Market Watch: The award for the worst forecast of 2015 goes to the misreadings with respect to the consumers' spending of his or her savings on cheap gasoline

Ten dividend stocks for safe income in a rising interest rate environment in the United States


U.K. stocks drastically underperform the rest of Europe in 2015

Jennifer Booton: The six tech trends that will rule 2016


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                                        You've Got Mail

Sent: Friday, January 01, 2016 at 8:05 AM
From: "Scott Walker" <info@friendsofscottwalker.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: 2016

Walter,

Tonette, Matt, Alex, and I want to wish you a safe and happy New Year!

We hope you enjoyed a holiday season full of blessings and quality time spent with family and friends.

The New Year is upon us and I am excited to continue advancing our bold conservative agenda that is responsible for the much-hailed Wisconsin Comeback. Thanks to our reforms, not only are property and income taxes lower, but – according to LAUS and CES – more people were employed in Wisconsin in 2015 than at any point in the past 20 years.

What we are doing is working and we are going to build on our successes in 2016.

Together we will ensure the Wisconsin economy continues to grow upward, includes everyone, and lifts everyone up with freedom and prosperity – not just for today but for generations to come.

Here’s to a great 2016!

Thanks for your support,

Scott Walker
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Wednesday, December 30, 2015
Dow drops 117 points in tandem with a loss in the oil patch

CNBC: Puerto Rico will default on a portion of its debt due on Monday, but its general obligation bonds will be paid

Lynn Cook: After 40 years, the first U.S. crude oil exports are about to ship

Matthew Lynn: Five black swans that could rock the markets in 2016


Tuesday, December 29, 2015
Dow surges 193 points, as the price of oil leaps upwards and pulls equities into positive territory

In overnight trading, oil prices continued to fall, then stabilized, dragging equities lower, then moved higher, in most Asian markets

     Market Watch: 2015 year in review -- the S&P 500's winners and losers

Wallace Witkowski: A compilation of Wall Street forecasts for 2016

Stephan Roach; The Fed needs to stop coddling the financial markets.   Beware: The core hypothesis of Roach's article is nuts

Barbara Kollmeyer: These charts say most of Wall Street is underestimating the S&P 500 in 2016


Wayne Arnold: What to expect from the Asian markets in 2016


Martin Feldstein: The four biggest geopolitical risks facing 2016


      
 
    
            Martin Feldstein, neoclassical economist -- Boogeyman economics

One of Feldstein's areas of geopolitical risk: Territorial disputes in the South China Sea


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                                 A Trip Down Memory Lane

 
             Tuesday, August 25, 2015 -- Not At All An Easy Day

Today's trading on Wall Street was volatile to say the least, as all the averages started the day solidly in positive territory, but the Dow closed at a loss of 205 points, extending the carnage that has swept relentlessly through global equity markets over the course of a week

                                   It is only after the sun sets,
       that you can say how the trading day went -- not at noontime

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 opens 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 nmear future, and the Bank also lowered  China's bank reserve requirements, all in an effort to calm the World's financial markets  

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 most Western nations are practically incapable of doing what China has just done in an effort to stabilize the 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.

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheerleading 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". 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

  The price of gold fell  slightly -- 0.5% --  yesterday to a level of $1,153.60 --  along with prices of other precious and industrial metals, during the rout in stocks.   So much for the myth of safe haven sanctuary in the precious metals during times of financial crisis

Gold's slide continued today on the Comex -- to $1.136.40 -- due in part to the strength of the dollar after China's intervention moves stabilized stocks around the world




                        Artist conception of a 2016 Chinese solar-powered community
       This artist conception looks like a page taken from a science fiction novel

                        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

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, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, 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


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 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, legal 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 Chinese people. I felt that humanity had taken a giant leap forward, and all people would profit from the new, more friendly relationship between the United States and China.

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                                                     Remember me?

The lessons learned when a sitting Vice President gets indicted for multiple felonies committed before taking office


         Hillary Clinton?     Democrats?    Are you paying attention?

Joseph Farah of the World Net Daily: What if Hillary were indicted?


 
                                 "Never Gonna Give You Up"


Monday, December 28, 2015

Dow sheds 24 points, but the damage could have been much worse


China's Shanghai Composite plunges 2.6% overnight, but the B shares plummeted 7.9%

Overnight, the Japanese stock market made small gains despite signs of industrial weakness. The gains are attributed to Japan's program of quantitative easing

What is quantitative easing?   Since QE works so well to stimulate a nation's stock markets and economy, then why haven't central banks always done QE on a regular basis?  Answer: Because in the long-run, QE is a dangerous, addictive financial drug, and central banks do not know how to initiate, maintain or conclude a program of withdrawal from QE.

The world's nations are in the midst of an immense financial lifeboat experiment. Let's hope the QE experiment ends well. Unfortunately, there is no guarantee of a successful withdrawal


Biman Mukherji: Last week's rally in oil is set to dissipate, as crude oil prices fell overnight in Asia in Globex electronic trading


Saudi Arabia's social programs spending has been crushed by the low price for oil


  Heather Long: Senator Cruz advocates a gold standard push -- and that is a bad idea

Jeffry Bartash: The U.S. economy is not normal, despite steady progress during the course of 2015

Wallace Witkowski: A recount of stock market history in the month of December


CNN Money: Here are the ten hottest housing markets for 2016

Vietnam's economic development accelerated in 2015 to 6.68%


                       Today's news coverage of the Endless War

NBC News: ISIS in 2015. A look at the year in terror, as seen through the eyes of the West

Washington Times: Abu Bakr al-Baghdadi, ISIS leader, threatens the West and Israel in first statement in seven months


CBS News: The U.S. struck ISIS with 17 attacks on Christmas Day


ABC News: the leader of ISIS says that the Caliphate is doing well and mocks the Saudi-led coalition


Al Jazeera: The killing of a Syrian rebel leader delays ISIL evacuation in a blow to United Nations actions


Press TV: Iraqi forces gain more ground against Daesh terrorists in Anbar province


Press TV: Boko Haram kills 14 people in Nigeria on Christmas Day


             

                                            
Sunday, December 27, 2015
Dallas Fed Report: The United States has lost 70,000 oil field jobs in the last 14 months


Patti Domm: Why next week is so pivotal for the stock market

         
Art Cashin: In sum, he is very concerned about the economy 

CNN Money: Eleven stocks that Wall Street is betting will tank in 2016


Market Watch: Ten favorite stocks on Wall Street for 2016


CNBC: The top-performing assets of 2015. The global winners were Argentina's Merval at 40% and the Russian MICEX at 25%



                                 Moscow's Catholic Cathedral
       
                               A closer look at modern Russia

Jeremy Siegel: Expect 10% earnings growth in 2016


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                                         You've Got Mail

Sent: Sunday, December 27, 2015 at 6:45 AM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: The fourth quarter
Walter --

Back at the beginning of this year, I made a point to tell folks to pay attention to what we do in the time we have left in the White House -- that interesting stuff tends to happen in the fourth quarter.

And I like to think that 2015 has proven that point to be true. We've seen our hard work over the years pay off for the American people in a big way: The longest streak of private-sector job growth on record, the unemployment rate down to just 5 percent, and wages growing faster than at any time since the recovery began. The Affordable Care Act has helped drive the rate of uninsured folks in this country below 10 percent for the first time on record. Our American delegation working to reduce carbon emissions brought China to the table, and earlier this month in Paris, nearly 200 nations joined us in forging a historic climate agreement.

And though it wasn't easy, Congress has also done their part to help end this year with some progress, too. They came to the table and passed a bipartisan budget deal, and in doing so averted a government shutdown for at least another nine months.

My hope is that as we go into my final year in office, we can see even more of this -- people deciding to come together to get important things done on behalf of the American people. Because we still have some unfinished business, Walter.

In 2016, I'm planning to leave it all out on the field -- and I hope you'll be there alongside me. I've never been more optimistic about a year ahead than I am right now.

Thanks for being part of this work, Walter. We can't do it without you.

Barack Obama

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


Sent: Sunday, December 27, 2015 at 2:08 PM
From: "Michelle Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Walter, I really can't thank you enough
Walter --

I can't thank you enough for standing by Barack and Democrats all over the country this year. Millions of supporters have invested time, money, and energy to take true ownership of this party and advance the values and beliefs that make us Democrats.

So I really mean it when I say that I can't thank you enough: All the progress we've made this year, we've made because folks like you have never shied away from a challenge, and you're never afraid of hard work.

There will be more challenges on the road ahead, and more work to be done to protect our progress and keep moving forward. I know you're ready to face it all head-on, Walter -- it's what folks like you have always done. You're never satisfied to sit idly by and just watch things happen. I've always known our supporters to be action takers, and you're no different.

The future of this country is up to us, Walter -- and I know it's in good hands, because I've seen the good that we can accomplish when we work together. I'm so excited to see what we'll do next.

Michelle




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                                   "A Love Supreme - Live"

                                          "A Love Supreme - Studio"


Saturday, December 26, 2015

                       Who are the Taliban -- The Students?



Washington Times: The Taliban have outlasted 14 years of combat in Afghanistan.  Why? Because that is where they live


Denying the rate hike by the Federal Reserve, 30-year real estate mortgage rates slip to 3.96%, according to Freddie Mac

CNN Money: Get this -- Chinese and Indian workers will get 8% and 10% pay increases next year



                            
                                       The Republic of India


Xinhua: China's pro-growth moves aim to produce structural reform and big dividends for the global economy

               South America: Population -- 385.7 million people

Associated Press: The left-wing politicians and theorists in South America are in retreat as the economic crisis in some areas deepens


CBS News: The Obama Administration is planning a mass deportation of illegal Central American immigrants


Fox News: The number of deportations under Obama's second term has plummeted


Donald Trump has stepped up his attacks on Hillary Clinton

In 2015, the normal rules of politics do not seem to apply



CNN Politics: Trump slams Secretary Clinton for causing "death and destruction"



CNN Politics: As negative ads pile up in Iowa, Senator Cruz plots a bigger footprint

                           Summary of Senator Cruz's career
                         
Office of the Director of National Intelligence released 16 pages of heavily redacted Clinton Benghazi emails on Christmas Eve


Fox News: The #NotMiAbuela story presents a set of controversial issues for Hillary Clinton


MSNBC: Here are the best political gaffes of 2015

Believe it or not: Christmas Eve in 1955 was much warmer



               A perfect Christmas Day in the paradise that is San Diego
                  
                                                 "Why Try?"


Friday, December 25, 2015


                                                         Merry Christmas

  
                         
                 "Emmanuel" --  Norman Hutchins & JD Christmas

                                       "Total Praise"

                          
"Emmanuel" -- Mississippi Mass Choir

                                         "God's Got A Blessing"



Thursday, December 24, 2015
Dow sheds 50 points in pre-Christmas trading, which ended a nine-session string of triple digit moves


Overnight, the Asian markets turned in a mixed performance




People's Bank of China: Confidence in China's economy is falling


William Watts: Guess which asset was the biggest winner of 2016? At least according to Mr. Watts, a person who only considers the small picture, not the big picture

Tae Kim: Last chance -- save your year with these stocks

Jeffrey Hirsch: The market's action in January will help forecast the course of the rest of 2016


CNBC: A correction is coming in 2016, according to this technician


Alain Sherter: Will the U.S. economy slip into recession during 2016?


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                                         You've Got Mail

Sent: Thursday, December 24, 2015 at 12:18 PM
From: "Ben & Candy Carson" <info@bencarson.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Merry Christmas

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        Queen Calafia's Island -- the most beautiful place on Earth -- California
 

                                    
"Right Here, Right Now"

                                             "Love Ballad"

                               "Candlelight and You"


Wednesday, December 23, 2015
Dow posts a strong gain of 185 points, marking its third straight triple digit gain in a row

Jeffry Bartash: Orders for durable goods flatline in November

The 12-month rate of inflation is the highest in seven years


Gold settles at a lower price for the second straight day

Myra Saefong: After a brutal 2015, what's on tap for commodities?


Michael Ashbaugh: Charting the U.S. markets' bearish technical tilt

Market Watch by Anoura Mahmudova: A compilation of events that rocked the financial markets in 2015

Oil giant ConocoPhillips pulls out of Russia after a business  presence there of 23 years

Nikkei Asian review: International copper prices have risen recently due to production cutbacks


Brett Arends: In 2015, the stocks on experts' buy list were outperformed by the stocks on the experts' avoid lists

Craig Stephen: The year of the reversal for the mighty yuan, as the PBOC tries to overcome the Impossible Trinity

Ivan Martchev: In the credit-spread world, it looks like 2008 again

Donald Trump's tax plan would cut Federal revenue by 22%, according to a study by Urban-Brookings Tax Policy Center

Joseph Adinolfi: The dollar may take one of these three paths during 2016, including a parity between the dollar and euro

Mark Hulbert: What contrarian investors are saying about stocks right now



         Amedeo Modigliani's "Nu Coche" sold recently at auction for $170.4 million

Liu Yiquia made the $170.4 million Modigliani purchase on his Centurion American Express card.  Now that is a credit limit most of us do not enjoy




                                             "Nu Te-Am Uitat"


Tuesday, December 22, 2015
Dow adds 166 points for a second straight day of gains


Simon Maierhofer: The Dow Jones Industrial Average is on the verge of a rare event, not seen since 1939

Shawn Langlois: Trading in the S&P 100 options -- the OEX -- indicates that market sentiment has reached historic, monumental bearish levels




The U.S. oil WTI benchmark rebounds to close at a premium above the futures on Brent crude for the first time since August, 2010

Jeffry Bartash: The U.S. economy is set to grow at less than 3% for the tenth straight year -- growing at just 2.0% in the third quarter


Associated Press: The top business story in 2015 is China's sharp business slowdown

CNN Money: These are the worst stocks of 2015, including a large number of big companies with big losses


Existing-home sales sink a huge 10.5% under the weight of reduced inventories and new regulations


Heather Long: A discussion of Hillary Clinton's fuzzy math on her Wall Street donors


Donald Trump tells ABC News that he does not deserve the "Lie of the Year" award


                                     This is what propaganda looks like

Rush Limbaugh, in an attempt to defend Donald Trump, recently pointed out that "a sizable number" of Americans believe that the President is a Muslim. 
This would certainly be true regarding the  listeners of right-wing talk radio, such as the Rush Limbaugh Show, where you will hear the "evidence" revealing Barack Obama is a Muslim, such as the infamous 57 States slip-up of 2008.

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the United States.

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim. Or, at the very least, President Obama gets so tired at times that he says really, really dumb stuff.


                                               Those were friendlier times

                             Donald Trump: "Hillary lied about Benghazi
"
                     Regarding Benghazi, Libya -- September 11, 2012

It has been very clear for many months that the attack on the U.S. consulate in Benghazi was not prompted by the video "Innocence of Muslims", which was produced in the United States by Nakoula Basseley Nakoula. The fact that the Obama Administration initially made that claim is being cited continually by right-wing critics as the foundation for their allegations of a cover-up by President Obama and Secretary Clinton of a foreign policy failure.

Lost in the right-wing's critique, however, is the fact that the blasphemous video spawned incidents and protests in at least 39 countries - not including Libya - that led directly to the deaths of at least 101 people. Instead, the right-wingers prefer to focus on the fact that the incident in Benghazi was not related to the video, and deride the jailing of Nakoula as an effort by Obama to pin Benghazi on the video. There is huge irony in the fact that Benghazi was an incident that was not caused by the Nakoula video, even though it occurred during a time period when there were dozens of fiery uprisings by Muslims around the world that there definitely caused by the Nakoula video.

                                             Facts matter
There were two American deaths that were the direct result of the Nakoula video. The Taliban attributed to the video their September 14, 2012 attack on Camp Bastion in Afghanistan. Two Marines lost their lives: Lt. Col. Christopher Raible, 40, and Sgt. Bradley Atwell, 27. In addition, aircraft and equipment valued in the millions of dollars were destroyed at Camp Bastion.
 
 

In fact, Nakoula's adoption of a false identity to produce the video and his use of You Tube to post it online were clear violations of the terms of Nakoula's probation from an earlier bank fraud conviction. If violating one's probation in a way that results in the deaths of 101 people does not land a person back in prison, then I really do not know what would put a man back behind bars. 

Apparently, however, opinions can vary widely with respect to the severity of Nakoula's actions. For example, right-wing talk show host Roger Hedgecock has stated to his radio audience that he feels Nakoula's punishment should be no more than a $500 fine, and Rush Limbaugh tells his audience on a regular basis that Nakoula was unjustly jailed.

Monday, December 21, 2015
Dow adds 123 points because of a closing rally after a seesaw day of down and break even trading


Outline of Hillary Clinton's plan for reforms in the financial world

    Summary of the Dodd-Frank Wall Street reform and protection legislation

                        
Summary of Glass-Steagall legislation

Barbara Kollmeyer: U.S. stocks are poised to rebound and shake off the equities markets effects of losses in oil

Victor Reklaitis: Technical analysts warn that sellers will attack the price of oil again


Michael Spence: The Fed's action of raising interest rates puts emerging markets at risk because of capital flight

Matt Egan: Why the bull market will still be alive in 2016

CEO Tim Cook: Here is the actual reason why Apple products are made in China


Overnight, shares on the Tokyo exchange fell in response to ambiguities concerning the BOJ's quantitative easing program



                                                         Shanghai


Is Wall Street in a dead cat bounce? Technicians say there is blue sky ahead because they can see a Golden Cross


   Seeing a Golden Cross is a lot like seeing a White Buffalo in the 1950s TV shows




                                            "Smokin' Room"

                                          "Everlasting Love"

Sunday, December 20, 2015
CNN Money: A comparison of income tax rates in 34 countries


Wall Street Journal: Hillary Clinton went missing from yesterday's Democratic party debate

The above link is a bad sign. Where is the adoration? This beats Rubio drinking water

Remember the 2008 campaign?  That's what a winning campaign looked like up close

              
                  Is
the Democratic party backing a loser named Hillary Clinton?
 Are we blind? In retrospect, will we feel that we were delusional in December, 2015?

                 The Democratic candidate has a pee pee problem

MSNBC: Sparks fly at the Democratic debate in New Hampshire

ABC News: The Democratic debate ratings were good for a Saturday


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                                            You've Got Mail

Sent: Sunday, December 20, 2015 at 8:11 AM
From: "Ben Carson" <info@bencarson.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Sound the alarm

Walter, 

I have been working tirelessly to spread my message that the time is now for "We The People" to take our country back.

The message is spreading fast but please know the Power Class is fighting back.

You need no further proof than what the GOP leadership did to us in the new government spending bill.

Billions of new unfunded spending. Mountains of new debt. Not to mention funding to bring Syrian refugees into our country and to keep funding for Planned Parenthood.

I am angry but no longer shocked.

Some of my colleagues running for President talk a big game. They give angry speeches but when the votes were counted none of them even tried to stop this deal. They take their special interest money, collect their paychecks and pensions and give us only rhetoric.

Yes, it makes me angry.

The powerful will continue to stomp on the powerless until we rise up together.

Our country has only years left before we drown in our own pool of debt. Debt incurred by the powerful to be paid by the powerless.

No member of Congress should dare ask for a pension let alone receive one until the debts of their irresponsibility have been paid.

Our grandchildren will be left with these outrageous bills.

Someday when your grandchildren ask you why America failed, you can point to this week.

You can tell them it was because our leaders were afraid to do what was right because it was difficult.

We have but one last best chance. I promise to work even harder.

But without joining hands it simply cannot be done. We must all do things we have never done before.

Think of our ancestors. Those brave men and women who fought for our country across oceans to keep us free. Many gave their all. But all gave more than they thought possible.

Now it is our turn. This is our time, our battle. Our country's future rests on our determination and dedication. History will judge us.

I ask you to stand tall with me right now by making a secure donation of any amount.

It's time to sound the alarm!

Sincerely,

Ben Carson

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

Obamacare's glithches -- for lack of a more descriptive (and therefore troubling) word -- are back


Here's what a $1 million house looks like in twenty different U.S.cities

                

                                                  
"A Love Of Your Own"

Saturday, December 19, 2015

              Does a rich country like China have a national debt?



                                It's Debate Night In America

ABC News: Bernie Sanders apologizes for his aides' voter information data access actions during tonight's debate

Daily Mail: Hillary Clinton names Trump as
the best ISIS recruiter during the debate


       
      
                                              "Make It Hot"

                                          "Love Me Harder"


Friday, December 18, 2015
Dow plunges 367 points, and, together with yesterday, this marks the worse two-day decline since September, when the Fed was at that point threatening to raise interest rates


Dow sets mark for most volatile trading in December since 2008


Treasury debt posts its largest weekly loss in value in more than a month -- and, consequently, the largest weekly rise in yields in more than a month


And on Monday, Treasurys posted their largest one-day yield gain in a month, particularly in the short-term securities, as debt holders moved to safer ground.   U.S. Treasury yields: 10-year 2.226%; two-year 0.956; and 30-year 2.96%.  Compare the rate for the German 10-year bund at 0.568%


Politico: Congress' $680 billion spending splurge, complete with unpaid-for tax cuts or offsetting budget cuts. The deficit will balloon, thus adding to the $18 trillion National debt




         
Summary of the issues surrounding the U.S. National debt

Wall Street -- and investors around the World -- hold their breath before the New York Stock Exchange opens, as serious tremors course through the Asian and European markets overnight, and the dollar/yen exchange rate goes screwy

Bank of Japan announces extra currency easing, with the anomolous result of a stronger yen


The dollar snaps a two-week losing streak against the yen


   Have pity on the people who got caught on the wrong side of the yen carry trade

     The best place to be right now?  Safely in U.S. cash in a major U.S. bank


          Sleep well tonight. Don't chase profits in a crazy market
    
                             Today is a Quadruple Witching Day

                                                   Today is a what? 

Joseph Adinolfi: Treasury investors are pricing in fewer Fed interest rate raises in 2016 than the central bank has indicated

Philip Van Dorn: Ten dividend-paying stocks for safe income in a rising interest rate environment


            The numbers below put a lot of right-wingers into tears,
  because the right-wing media's propaganda caused thousands of
      Americans to incur huge losses in their investment portfolios
                         because they invested in gold and silver

Stock Market Watch

Gold News

Gold Spot & Gold Futures


Price Chg %Chg Open High Low Vol
Spot Gold 1,051.35 -20.67 -1.93% 1,072.32 1,074.06 1,048.15 0.00
Gold Feb 2016 1,050.30 -26.50 -2.46% 1,072.20 1,072.70 1,046.80 156.72k

Gold ETFs


Price Chg %Chg Open High Low Vol
GLD 100.50 -2.25 -2.19% 100.92 100.99 100.23 10.12m
IAU 10.15 -0.22 -2.12% 10.18 10.19 10.12 10.49m
Market Vector Gold Miners ETF 13.34 -0.83 -5.86% 13.68 13.68 13.30 80.92m
DGP 17.84 -0.75 -4.03% 18.00 18.00 17.81 44.95k



Silver Spot & Silver Futures


Price Chg %Chg Open High Low Vol
Spot Silver 13.72 -0.46 -3.23% 14.17 14.20 13.70 0.00
Silver Mar 2016 13.70 -0.55 -3.88% 14.20 14.23 13.67 46.18k

Silver ETFs


Price Chg %Chg Open High Low Vol
SLV 13.08 -0.41 -3.04% 13.19 13.20 13.04 8.25m
AGQ 26.67 -1.76 -6.19% 27.24 27.35 26.55 191.7
9k

In one chart, here's how the economy looks to Mr. Trump's people

Slate: Represenrtative Paul Ryan's first deal looks like the old deals under John Boehner

Politico: Concerns arise over $1.1 trillion spending bill

Al Jazeera: Saudi Arabia elects 17 women in its first vote that allowed female participation

         
CBS News: The psychology behind our fear of terrorism


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



Sent: Thursday, December 17, 2015 at 10:10 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: The wrong way to keep us safe
Kamala Harris for Senate

Walter,

There is a refugee crisis going on right now in Syria and Iraq. Families are risking their lives to flee the threat of ISIS.

There have also been horrific terrorist attacks in the past few weeks, one in Paris and one here in my home state.

As a career prosecutor, I know that there are people in the world who want to do us harm. We have to be vigilant about the threats we face, and we must lead a coalition of nations to defeat ISIS.

But we cannot combine these two issues -- fighting terrorism and the refugee crisis -- into one and create a false choice between keeping Americans safe and showing compassion for innocent people seeking refuge from unspeakable horrors. We can do both, and we must do both.

Since its founding, America has been a place of refuge for those fleeing violence and oppression. But some are now calling for religious discrimination against refugees seeking safety in the U.S. -- that goes against our values.

What happened in San Bernardino and Paris are painful reminders of the evil that exists in this world. They are also reminders of our need to remain hyper-vigilant of the threat of terrorism. As it stands now, refugees must go through an 18-24-month vetting process.

Proposed legislation from Congress members would force each individual refugee to receive clearance from top federal officials -- making the process substantially more difficult.

We are not a country who treats those facing oppression as outsiders. We are a country of immigrants. These refugees deserve compassion and opportunity. They deserve justice.

Thank you,

Kamala

          

                               

                      Kamala Harris is running for the U.S. Senate
                               
Kamala's biography

Thursday, December 17, 2015
Reality hits Wall Street: Dow plunges 253 points as market participants realize, apparently for the first time, that stock markets usually lose ground following a Federal Reserve rate increase.  In a truly predictable move, the price of oil falls to a low not seen since 2009
  Surprise, ya'll


             Oil stocks will get worse before the sector gets better

In one chart: Every event that has moved the price of oil over the last two years -- this chart should have been an adequate warning to the thousabds of investors who have lost millions in oil over the last two years -- but, alas, it was not


Jeffry Bartash: The Federal Reserve's dot plot indicates that there will be four interest rate hikes in 2016




Gold futures have reached their lowest settlement point since 2009, as market participants realize, apparently for the first time, that precious metals usually lose ground following a Federal Reserve rate increase
  Surprise, ya'll


Six charts show that the Fed's interest rate action may be bad news for the markets
    Really? Who knew?


            Why did so many experts get this market move wrong?
       There is no one more blind than the person who does not want to see™

Before the Enlightenment that occurred later in the day: Most global equities markets reacted favorably yesterday to the Fed's interest rate increase


Wells Fargo Bank leads the charge to raise the prime rate to 3.5%

Alanna Petroff: Argentina's currency -- the peso -- is about to experience a "controlled" crash.  As if there is actually such a thing as a currency's 30% loss "controlled crash"


Victor Raklaitis: Why the markets will do what you least expect after the Fed's rate hike

Sara Sjolin: U.S. stocks will continue their Fed-inspired Santa rally


Jim Cramer: Here are some stocks to avoid after the step towards interest rate normalization


  Saxo Bank's annual list of outrageous predictions -- for example, a barrel of oil at $100 in 2016 and the Russian ruble advances 20% against the dollar/euro

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

Sent: Thursday, December 17, 2015 at 8:21 AM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Add your name next to mine, Walter
Walter --

Earlier this month, we celebrated the 150th anniversary of the 13th Amendment, which abolished slavery in America and helped the country begin to heal in the years following the Civil War.

The 13th Amendment's ratification, on December 6th, 1865, set the tone for future progress that has helped minorities and women gain voting rights, birthright citizenship, and equal protection under the law. We've seen the hard work of passionate and dedicated activists lead to the 19th Amendment, allowing women the right to vote, the Civil Rights Act, the Voting Rights Act, and the Supreme Court's recent ruling that marriage equality is the law of the land. Decade after decade, we have worked together to define freedom as promised by our founding principles: Freedom for you and for me. Freedom for all of us.

We've come so far together, Walter. But this country's greatness comes in large part from each generation's continued effort to pave its own pathway to progress.

And when we lose sight of this progress -- when we use government to make it harder for folks to vote, more difficult to gain equal pay, or tough to live in the United States without fear of persecution -- we fall short of our own promise and potential.

We've come too far on this journey to fall back now.

Thanks for standing with Democrats, Walter.

Barack Obama

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


            When everything seems to have gone absolutely crazy
         There is nothing as comfortable as being 100% in U.S. cash

                                           You're Welcome

                                     "One Moment In Time"

                               "Didn't We Almost Have It All"

Wednesday, December 16, 2015
Wall Street leaps higher following the action of the Federal Reserve, as the Dow adds 224 points.  Gold also has notable gains

                Are the U.S. stock markets in a dead cat bounce?
 Is today the quiet before the storm in commodities and currencies?

Greg Robb: The Federal Reserve has embarked on an historic new era of higher interest rates


Maeket Watch: The dollar moved higher following the increase in U.S. interest rates


Mark Decambre: Gold rebounds before the opening of Wall Street as some gold bugs view the upcoming Fed funds rate increase as bullish for precious metals

                                                 Today Is Historic     
                                 June 29, 2006 to December 16, 2015



                         Federal Reserve Bank Chairwoman Janet L. Yellen

                              Her auspicious life story

Steve Goldstein -- a man with the nerve to publish this story before the opening of Wall Street and before the Fed announcement: When the Federal reserve hikes interest rates stocks and other assets do surprisingly well


Hiroyuki Kachi: In overnight trading, the dollar was higher against the yen, as would be expected in view of the upcoming Federal Reserve announcement

In overnight trading, shares on the Tokyo exchange were in rally mode as investors in Asia await today's Fed decision


********************************************************************
                 A modest proposal, since it's the Holiday Season
        Maybe Congress and the President could agree on an idea
              that could bring dollars in the hundreds of billions
                                   back into the U.S. economy

BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards 

Repatriation refers to the payment of a dividend by a foreign corporation to a U.S. corporation. This happens when the foreign corporation is considered a "controlled foreign corporation" (CFC), which means that more than 50% of the foreign corporation is owned by U.S. shareholders.

Generally, foreign direct investment in CFCs, or a CFC's profits from doing business abroad, are not taxed until a dividend is paid to the controlling U.S. parent company, and is thus repatriated under the jurisdiction of the U.S. tax authorities.

The foreign income of the CFC is taxed only by the country where it is incorporated until repatriation. At repatriation, income is subject to the (typically higher) U.S. tax rate -- generally at the rate of 35% -- minus any foreign tax credits, for taxes paid to foreign governments. This process is covered under Sections 951-965 of the Internal revenue Code. 

There are currently hundreds of billions of dollars of foreign direct investment in CFCs because of the disincentive to repatriate those earnings.


Some sort of repatriation incentive is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children 

Too bad the Republicans and the Democrats usually cannot even slightly cooperate on anything of real substance under the Sun

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



              Republican Senator Tim Scott of South Carolina
 

                    Is this man the next U.S. Vice President?
                   He might be a likely Donald Trump running mate
   
                     


                                
                                                                    "My Boo"


Tuesday, December 15, 2015
Dow adds 156 points on the wings of rising oil. However the real action comes tomorrow with the Federal Reserve announcement

Overnight, the equity markets in Asia stabilized on trading's uptick in the price of a barrel of oil

Joseph Adinolfi: Apple Inc. saved $4.1 billion due to a correct hedging strategy with respect to a rising dollar


 
          
     
                                    Debate Night in America

Fox News:  A Cruz-Rubio feud flares as the GOP candidates spar for the evening's Tough-on-Terror mantle


New York Times: In the Republican debate, Donald Trump and Marco Rubio become the targets du jour


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

Sent: Monday, December 14, 2015 at 9:07 AM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: An unprecedented accomplishment

Walter -

Accomplishing this goal would represent an unprecedented outpouring of support for any presidential challenger in our nation's history. And I know that if we continue to stand together, we will win. If we are divided, the big-money interests win.

It is my understanding that some candidates for president can walk into a room of millionaires and billionaires and leave an hour later with a lot of money.

But you are looking at a candidate who does not represent the agenda of Wall Street or the billionaire class. And I am here to tell you, I don't want their money and I don't want a super PAC.

We're going to do it a different way. We're going to do it together.

With just two weeks before the final FEC fundraising deadline of the year, we've set a goal that will shock the political elite and billionaire class of this country: reaching our two millionth individual contribution by Wednesday at midnight.

Let us never forget that this country belongs to all of us, and not just a handful of billionaires.

In solidarity,

Bernie Sanders

*************************************************************************************************
Tim Mullaney: Can taxing the rich 1% really pay for the "free stuff" that Senator Sanders is promising on the campaign trail?

             

                           
Senator Bernie Sander's life story

                                  You've Got Mail

Sent: Monday, December 14, 2015 at 11:58 AM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I'm calling on you, Walter
Walter --

Around this time of year, it never fails -- I catch myself thinking about everything I'm grateful for.

Above all else, I'm grateful for my family -- for Michelle and Malia and Sasha -- for our health, and the time we're able to spend together. But Walter, I'm also incredibly grateful for supporters like you, who have been with me every step of the way.

Together, we've been able to make a real difference in the lives of our fellow Americans. We've seen the Affordable Care Act upheld time after time, even with a Republican-led Congress intent on undermining its successes. We've celebrated the joy of marriage equality for all Americans, no matter who they love. We've pushed to make community college accessible for more students, and for important student loan reform to protect our young people's interests. And we've taken a real stand on the serious problems that climate change poses.

I'm thankful for this progress. And for your support, which has made it all possible.

But here's the reality, Walter -- a year from now, we'll have elected a new president. And it's up to us to make sure that he or she is a Democrat who shares our values and will protect and build on all of these accomplishments.

                         
Walter, when I ran for President in 2008, we talked a lot about change. And over the past seven years, we've worked to make so much of that change happen. We can't stop now -- it's time to push for an even brighter future. So thank you -- so, so much -- for playing your part in this work.

Barack Obama

                           


       
Do you remember the grassroots' excitement of the 2008 campaign?

The recollection of the 2008 campaign is somewhat sobering. Even though candidate Hillary Clinton has a campaign war chest of millions of dollars, she cannot buy adoring, enthusiastic, grassroots support. That is a very bad sign

                      
***********************************************************************************
                                   A Trip Down Memory Lane
                              Investment advice from Walter Lewis,
            given to the public
for free on this website on June 19, 2015  

                                         Investment Advice Alert
Take a bow, President Obama. You advised Americans to stay invested in Wall Street stocks back in March, 2009, and that was exactly the right thing to do, even though, at that time, the President was savagely criticized by virtually all the right-winger media commentators, as well as some supposed friendly media, such as MSNBC.

It was alleged that President Obama was being totally imprudent and un-Presidential for giving stock market advice to the American people, even though it was a time of National economic crisis.
 

However, the fact is that no market continues upwards forever. There are many geopolitical factors, as well as foreboding financial trends at play.

My estimation, at this point, -- June 19, 2015 -- is that a prudent family's tax exempt or tax deferred nest egg should be moved 100% into U.S. cash.

A good night's sleep is more valuable than a few more points of profit on the Dow, or any other equity investment in the World's stock markets.

                                    You can lead a horse to water,
               but the difficult part is convincing that horse to drink™

                It is always very difficult to walk away from a winner,
              but it's time to take profits and get a good night's sleep™

     
Instead of following President Obama's advice, many right-wingers chose to believe that the United States' economy would collapse under the incompetent leadership of the Kenyan community organizer.  So the right-wingers chose to invest in gold and silver as a hedge against a stock market that would soon suffer a 1929-style total financial crash, which would trigger the onslaught of crippling social unrest, which, of course, would all be blamed on the skinny guy who should still be living in Chicago. 

             
The right-wingers were absolutely, totally, completely wrong

People who bought into the "total collapse" theory of the right-wingers have lost up to 38.2% of their money, as of June 19, 2015 -- if they actually followed the investment advice commonly heard over the last six years on talk radio and Fox TV -- that advice being to buy gold -- as well as non-perishable food items, along with all forms of ammunition for their firearms -- all as a hedge against the definite, upcoming total collapse of the American and World economies, and civilization as we know it.


            August 23, 2011: Gold hits $1,917.90 an ounce, an all-time high 

                June 18, 2015: Gold's spot price in New York -- $1,185.10

     Those Americans who followed President Obama's advice have gained an investment return -- as June 18, 2015 -- of as much as 181.2% since March, 2009, one of the best investment performances ever in the three centuries' long history of trading on Wall Street.


           March 6, 2009: Dow Jones Industrial Average sinks to 6,443.27

      
   
June 18, 2015: Dow Jones Industrial Average closes trading at 18,115.84

   Does anyone in the right-wing media want to argue about these numbers?™

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

Monday, December 14, 2015
Dow gains 103 points, at the close of a volatile trading session, in response to an increase in the price of oil and optimism regarding the effects of Wednesday's Fed action


Before the opening on Wall Street, stock futures give up modest gains and turn negative, as the price of oil falls below $35 per barrel

Asian markets saw significant losses overnight as investors around the globe became even more concerned over falling oil prices, a growing trepidation in the junk bond sector and the probable Federal Reserve rate hike on Wednesday.  The yuan has hit a multi-year low, as the Chinese central bank implies that the yuan should be pegged to a basket of currencies rather than solely to the dollar

France's center-right Les Republicains party has taken the lead in the country's second round of regional elections


CNBC: The excitement this week will be all about the price of oil and the Federal Reserve's action on interest rates

       Please take note of my December 2, 2015 investment advice:
Now is the time to be 100% in safe U.S. cash in tax-deferred accounts

                           
                            
   Beware of smiling wolves and financial firms predicting 10% market gains in 2016

Barron's: The mean forecast from a slate of well-known market prognosticators indicates that the S&P 500 will see an increase of 10% -- to 2,220 -- during 2016. The financial experts also forecast a Fed funds rate of 1.25% to 1.50% by the end of 2016

Wallace Witkowski: "The Fed Awakens" is expected this week amid a volatility spike

Shawn Langlois: Wednesday may be the day that the equities market bubble finally bursts


Jim Cramer: Distressed debt has me distressed

Patti Domm: The price of oil and prospective Fed action are wildcards for the week ahead


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

                                 
A Trip Down Memory Lane
                                         August 26, 2015

Fed at a Crossroads: A recent conversation with Federal Reserve Governor Jerome Powell and Jon Hilsenrath of the Wall Street Journal

  Who is Jerome H. Powell? Not at all a household name. Mr. Powell is one of the Governors of the Federal Reserve Bank. He believes that interest  rates in the United States should be raised in September and then again in December.  

Mr. Powell, who previously served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, is trying to torpedo the Obama Administration's economy, and he is willing to jeopardize the World's financial well-being in order to cripple the chances of a Democratic Party victory in November, 2016. 

Wake up, all you Sociology majors working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration Sociology majors know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness -- to put it mildly -- in global stock markets, plus, the huge downslide that has taken place in the Asian equity markets, while keeping in mind the size of our National debt and the Federal Reserve's almost incomprehensible balance sheet -- the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest rates in the United States. 

Mr. Powell knows all about the above list of factors, but, when it comes to matters of international finance and the interaction with election politics, always remember the age-old axiom: 

                                 
There is no one more blind 
                     than the person who does not want to see™

********************************************************************
The sum of $320 billion is about to disappear from the budgets of the world's major oil companies


The three big polluters that the Paris accord will not touch, namely: airplanes, shipping and agriculture


Fox News: Secretary Kerry admits that the Paris climate agreement has no sanctions for bad actors



                                





           It's time for a serious debate -- without name-calling
                     Is the planet's climate changing?
                                        Is man the cause?
                              Those are two separate questions

Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?
                              
Summary of issues surrounding the Keystone XL pipeline

 
National Aeronautics and Space Administration:  Global climate change -- vital signs for the planet

The Economist: Climate science is a sensitive matter

Phil Plait: The Arctic ice death spiral.   There is no denying the fact

Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again recently, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

Is the Limbaugh assertion true?





                           It's a beautiful planet.  Let's keep it that way 

 
                                                 "You And I" 


                                      "Night Vision"   

                                    
"Acquainted With The Night"

                                                "Quiet Passion"


Sunday, December 13, 2015
Upsetting Donald Trump's apple cart: Senator Cruz soars to the head of the GOP pack in Iowa, as Trump's support flattens

DoubleLine Capital founder Jeffrey Gundlach: The high-yield debt meltdown is "so similar to 2007"


Myra Saefong: Four reasons why the price of crude oil is once again in a nasty death spiral


    Claudio Borio of the Bank of International Settlements: The World is defenseless against the next financial crisis, because of today's low interest rates.     WOW, we better raise interest rates right away!!    RIGHT AWAY BEING DECEMBER 16TH!!

                          Simply put, Claudio Borio is delusional


Good news for the 99%, and even better news for the 1%.  Everybody got good news in this study composed by Professor Emmanuel Saez

           Simply put, Emmanuel Saez reaches incorrect conclusions




            Evil Incarnate (according to the right-wingers) -- The Devil's Army of Iran



  More scary, fun stuff about Iran -- the evilest country in the Mideast

A huge number of American media commentators want you to feel that Iran is evil incarnate.   And these same commentators ignore the full history of Iranian/American relations stretching back to 1953 -- to the American overthrow of the democratically elected Iranian Prime Minister Mohammad Mosaddegh

  But first, a commercial break: Lower taxes for rich people are needed ASAP




Frequently, Sean Hannity proclaims on his nationwide radio show that in the United States the top 1% of wage earners pay 25% of the Federal income tax each year. That is a true statement.

With only that item of information, a person might conclude that our tax system is grossly unfair.  Hannity's point is that the rich are overtaxed. However, what Hannity fails to add is the fact that the top 1% of wage earners in the United States are paid approximately 25% of all the income earned in the country each year. With that additional fact, the specter of tax burden unfairness evaporates.

Sean Hannity is a Propaganda Boy, as exemplified by his recurring failure to tell the whole truth concerning Federal tax policy.
  

                                 Now, back to the story about the evil nation of Iran

Misleading the public is the typical pursuit of Propaganda Boy Sean Hannity. Take for example a lie that Hannity has repeated over and over again for years about Iran:
         
                     "Iran has said it will wipe Israel off the map"

The clear implication of this statement is that Iran intends to use a nuclear weapon to obliterate Israel -- to wipe Israel off the map.
 
Hannity is joined in this dire proclamation of Iran's intentions by Rush Limbaugh, Fox News, MSNBC, the Obama Administration, all the Republican Presidential candidates and the entire universe of right-wing talk radio, as well as large segments of the print media.

However, there is a problem: No top Iranian official has ever threatened to obliterate Israel with a nuclear weapon or any other weapon of mass destruction. The meme "Iran has said it will wipe Israel off the map"
-- as an implication of an Iranian nuclear attack -- is a figment of propaganda that was created in 2005 by Israel and factions within the U.S. government and Western media bent upon attacking Iran and replacing its present form of government.

In other words, the entire premise of the "Iranian Nuclear Weapons Boogeyman" is abject fiction. Please read this summary of how this propagandistic line of slander was created following a speech given in 2005 by Mahmoud Ahmadinejad at the World Without Zionism Conference in Tehran. 

Washington Post: Did Ahmadinejad really say that Israel "should be wiped off the map"?

Clearly, the expression "wipe Israel off the map" is intended by the Iranians to describe the collapse of the Jewish State of Israel through the democratic process, probably through the immigration into Israel of a non-Jewish majority, and definitely not by means of some Iranian nuclear weapon of mass destruction where the country would be obliterated and its people would be butchered.


But what about that chant of "Death to America"?   Is the real translation actually "Down with America"? Maybe, but the fact is the Iranians have been chanting that for years and they haven't tried to kill us yet. They used to chant "Death to the Soviet Union"

It is illustrative that the Ayatollah Ruhollah Khomeini has on repeated occasions referred to the fact that the Soviet Union was wiped off the map in 1991 and replaced with a new government in the form of the Russian Federation.


                        Why has this slander taken root so deeply
                            in the United States and Europe?

 
                                                             Answer:
                       There is no one more blind than the person
                                    who does not want to see™


Meanwhile, Israel has maintained a clandestine nuclear weapons program for decades, in total disregard of the internationally recognized Nuclear Non-Proliferation Treaty.

Furthermore, Israel almost certainly threatened Egypt with the use of nuclear weapons against Cairo, a city populated by millions of people, during the 1973 Yom Kippur War, when five Egyptian army divisions crossed the Suez Canal and were about to gain control of the Sinai Peninsula -- even though the Sinai Peninsula was not even a part of Israel.

                          The absolutely, ludicrous irony:
Israeli and American officials routinely threaten to inflict a devastating attack on Iran, and U.S. officials routinely indicate that there would be no objection by America to such an attack on Iran by Israel alone.  Why?  "Because monstrous, homicidal, radical Muslim terrorist, crazy, savage, lying, backwards, election-rigging, proxy-fighting Iran is always threatening to wipe Israel off the map."


 Everybody knows about evil Iran. Absolutely everybody. So don't be a dummy


                                           



                                          
"Tears In The Rain"

Saturday, December 12, 2015
195 nations approve a landmark climate accord in Paris that will require nearly every country to cut its greenhouse gas emissions



Here is where the United States sent $35,000,000,000 in aid during 2014. The money was distributed into 142 separate countries

          President Obama,
January 27, 2014: ". . . ISIS is the JV team . . . ."
                  The President's words will be quoted by his critics
            as if they were uttered just yesterday, from now until eternity


ISIS is reminiscent of the Maji Maji Rebellion of 1905:  An army fueled by the belief that its religion would turn the impossibly negative military odds into a magical victory for the believers. This is a belief system of losers -- a belief system that ISIS adopted from the late organization known as Al Qaeda.

One day an Islamic organization will emerge that will adopt the belief system of a winner -- such as the Viet Cong -- and be smart enough to realize that violent attacks inside North America and Europe are ignorant, ultimately fruitless and powerfully counterproductive.

When a Western power finally does get fed up with ISIS's brand of attack, the ISIS forces will fall even more quickly than the Taliban in Afghanistan in 2001 or the Iraqi army in 2003 or 1991.

The problem, however, is exemplified by a quotation of Ho Chi Minh, who stated back in the 1960's:
"The Vietnamese people will fight from this generation to the next", until victory is achieved. That yearning for victory exemplifies the long-run problem confronting America and Europe.   What's next after ISIS?  A better educated, shrewder, wiser opponent, that will learn from ISIS's mistakes?   It's highly probable

          Realism is needed as the alternative to 100 years of warfare

                                 Realism starts with the truth™ 



Have you ever read anything about ISIS that was actually written by ISIS, rather than ISIS's enemies? The opportunities are rare in the United States


Rebellion and Authority: An Analytic Essay on Insurgent Conflicts, by Nathan Constantin Lietes and Charles Wolf, Jr.   This essay answers the question of why ISIS beheads its captives, without ever mentioning the edicts of the Holy Koran


Mirror: ISIS releases chilling new "end of world" video showing final battle with "the crusaders".  The videos are not even translated into English; I hope you speak Arabic, because if you can't, you will not know what on earth they are saying.  I suspect that was the Mirror's intention


          Another complicated and important issue -- International Trade



    Summary of the Trans-Pacific Strategic Economic Partnership Agreement

                           Not just wrong -- absolutely wrong
A trip down Memory Lane: Over three years ago, President Obama and many of the media's liberal commentators insisted that any increase in drilling for oil in the United States -- such as through fracking -- would have only a negligible impact on gasoline prices in America.  Here is an example of that foolish rhetoric and commentary.

The Obama Administration was absolutely wrong -- witness the present level of gasoline prices at just 60% of the price of 2012This should be grounds for a total reassessment of the President's staff of economic advisers. Mr. Obama needs new people in those positions -- people who actually understand commodities, and specifically the complex nature of international oil markets. 

                               Why did Solyndra go bankrupt?
 
 


                      Artist conception of a 2016 Chinese solar-powered community
            This artist conception looks like a page taken from science fiction 

 
 Why did Solyndra go bankrupt?

Solyndra failed because China developed a superior solar panel technology in a government-subsidized development program at the cost of over $30 billion dollars

It is ironic that the collapse of Solyndra is being touted by critics of the Obama Administration as evidence that the U.S. government should not subsidize private enterprise, since governmental green energy subsidies lead to nothing but failure, according to the right wingers.    The proponents of the right-wing theory purposefully overlook the fact that it was a government-sponsored development program that catapulted China's success in the solar technology field

                      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 from Islamic radicals -- used $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. And China was able to develop this technology because of research grants to its private industry from the Beijing government. Gee, 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. Most people are also unaware that during the Great Depression of the 1930s, China was the only major economy in the world that did not slip into depression, a fact that is a testament to the conclusion that China's theories on economic and financial policy are something that the West should seek to emulate.


China pledges $60 billion to the development of African economies. The Chinese government will also cancel during 2015 some loans owed by Africa's least developed countries
 

 The Chinese approach to the African nations was simple and direct:
                             "We were never your oppressors."





                                        "All Eyes On You"

                                               "No Love"

Friday, December 11, 2015
Dow plunges 310 points under the influence of bearish oil prices, despite a flurry of otherwise positive U.S. economic data

                  This week's market action is a very bad sign

Treasury yields post their largest one-day drop in five months


Stocks are more overvalued today than in either of the market peaks of 2000 and 2007



Obama and Congress avert a government shutdown, and focus on taxes and spending


The Hill: Most GOP voters see Donald Trump as the most likely winner of their party's nomination


WSJ/NBC poll: Most Americans oppose Trump's Muslim ban plan


The FBI is investigating a fire at a mosque in Coachella, California, and there have been  a number of other incidents around the country over the last week




                       It's a great day to be away from Wall Street


Thursday, December 10, 2015

Dow climbs 82 points and snaps a three-day losing streak

Oil settles under $37 for the first time since the recession


Three strategies for preparing your bond portfolio for a rate hike

Washington Post: The GOP is preparing for a contested convention

Whoops! Supreme Court Justice Antonin Scalia thinks that maybe black students belong at "less-advanced" schools


Pew Research Group: Muslims are the fastest growing religious group in the world, and 70% of the Muslims who emigrate to America become Democrats. To some people this information is terrifying news



                                                "Angel"
                                             
                                                "Fragile"


Wednesday, December 9, 2015

Dow sheds 76 points for a third straight day of losses.   Most market commentators are blaming the falling price of oil


Asian stock markets continue to fall despite upbeat economic data

Citigroup: Seven warning signs for stocks in 2016


Copper, aluminum and steel have collapsed to crisis levels


Daniel Goldstein: Four real estate trends we'll see in 2016


Market Watch: America's middle class has lost nearly 30% of its wealth, although there are more middle class families


  Crazy Talk: Putin raises the possibility of using nuclear weapons against ISIS. This article was a headline on the Drudge Report

The reality: Russian fighters are joining ISIS in record numbers


              Interesting -- Russia, on this issue, is part of the West
 



Rush Limbaugh's defense of Donald Trump's plan regarding Muslim's being banned from the United States




                       Wild Card - FBI Director James B. Comey, Jr.

The Hill: President Obama is not being briefed on the course of the FBI investigation regarding Hillary Clinton's handling of classified information


                 What will the Democratic Party do if Hillary is indicted?


Remember him? You may not recognize him since he's not smiling. This is John Edwards. He ran for President in the Democratic Party primaries in 2008, despite the fact that he had just fathered a child out of wedlock, while carrying on an affair with a woman during a time when his wife struggled with terminal cancer. He kept that scandal a deep secret from his supporters.

If Edwards had won the nomination in 2008, or if he had been selected as the nominee for Vice President, it would probably have sank the Democratic Party in the 2008 elections. That means this would be the case:  The Democrats would not currently hold the White House. That reality did not stop Edwards from running and duping his supporters into thinking he was the right man to vote for to become the next President of the United States.



        Ex-Guantanamo detainee is now an al Qaeda leader in Yemen


Tuesday, December 8, 2015

Dow falls 163 points under the weight of falling oil prices, along with lower values for Treasury yields, gold and the dollar


The House tightens controls on visa-free travel to the United States




New York Times: The United States seeks to avoid the ground war
sought by ISIS.  This is a very interesting theory


In 2013, 23 Americans were killed by lightning strikes, a much lower figure than the record high of 432 deaths recorded in 1943


                     Is the fear of lightning ruining your life style?
 
                  Should the President give an Oval Office address
                  on lightning as an existential threat to our Nation?


Monday, December 7, 2015

Dow falls 117 points, but things could have been substantially worse


Deteriorating junk bonds flash warning signs for stocks


New York Times: Donald Trump calls for banning Muslims from entering the United States


Rachel Maddow's coverage of Donald Trump's position on Muslims


                    Chris Jansen's interview with Saria Khan

   Donald Trump thinks Saria Khan is a mass murder co-conspirator.
          Trump says she is an obvious liar and should be deported
   How does Trump know this? Easy, he's brilliant and she's Muslim

Big talk from the GOP,  but not one vote on the fight against ISIS



Question: Over the past 16 months, how many people within ISIS territory have been killed by Western -- mostly American -- airstrikes?
                          
Answer: Approximately 23,000 people

                             President Obama's critics characterize
 this body count as "doing nothing" or "handling ISIS like they're criminals"

                       Summary of military intervention against ISIS

Doing nothing? ISIS's territory is about the same size as Britain. Imagine, in a country the size of Britain, there are usually at least 16 huge explosions daily -- from 500 pound bombs, that have killed approximately 23,000 people over the last 16 months.  Bombs and missiles that oftentimes come out of the clear blue sky, with no warning whatsoever.

The critics of the Obama Administration have the gall to call this level of homicide "doing nothing". Keep in mind the fact that these people are the descendants of the people who killed off the American Indians and now pretend that particular eradication was not genocide  

Sunday, December 6, 2015

   New York Times: President Obama's address from the Oval Office

                                          The President's Address

Sent:
 Monday, December 07, 2015 at 3:46 AM
From: "President Barack Obama" <info@mail.whitehouse.gov>
To: walterlewis@gmx.com
Subject: We Will Prevail Against ISIL -- Here's How:

Tonight, I addressed the nation from the Oval Office on my top priority as President: Keeping the American people safe.

It weighs heavily on the hearts and minds of all of us in the wake of the terrible tragedy in San Bernardino. Fourteen Americans -- dads, moms, daughters, sons -- were taken from us as they came together to celebrate the holidays. Each of them a public servant. All of them a part of our American family.

The FBI is still gathering the facts about what happened in San Bernardino, but here is what we know. We have no evidence that the killers were directed by a terrorist organization overseas, or that they were part of a broader conspiracy here at home. But it is clear that these killers had embraced a perversion of Islam, stockpiled assault weapons, and committed an act of terrorism.

Our nation has been at war with terrorists since al Qaeda killed nearly 3,000 Americans on 9/11. Since then, we've hardened our defenses. Our intelligence and law enforcement agencies have disrupted countless plots and worked around the clock to keep us safe. Our military and counter-terrorism professionals have relentlessly pursued terrorist networks overseas -- disrupting safe havens, killing Osama bin Laden, and decimating al Qaeda's leadership.

But over the last few years, the threat has evolved as terrorists have turned to less complicated acts of violence like the mass shootings that are all-too common in our society. For the past seven years, I have confronted the evolution of this threat each morning. Your security is my greatest responsibility. And I know that, after so much war, many Americans are asking whether we are confronted by a cancer that has no immediate cure.

So, tonight, this is what I want you to know: The threat of terrorism is real, but we will overcome it. We will destroy ISIL and any other organization that tries to harm us. Here's how:

First, our military will continue to hunt down terrorist plotters in any country where it is necessary, using air strikes to take out ISIL leaders and their infrastructure in Iraq and Syria. And since the attacks in Paris, our closest allies – France, Germany, and the United Kingdom – have ramped up their contributions to our military campaign, which will help us accelerate our effort to destroy ISIL.

Second, we will continue to provide training and equipment to Iraqi and Syrian forces fighting ISIL on the ground so that we take away their safe havens. In both countries, we are deploying Special Operations forces who can accelerate that offensive.

Third, we are leading a coalition of 65 countries to stop ISIL’s operations by disrupting plots, cutting off their financing, and preventing them from recruiting more fighters.

Fourth, with American leadership, the international community has established a process and timeline to pursue cease-fires and a political resolution to the Syrian civil war. Doing so will allow the Syrian people and every country to focus on the common goal of destroying ISIL.

That is our strategy -- designed and supported by military commanders, counter-terrorism experts, and countries committed to defeating these terrorists. And we constantly examine further steps needed to get the job done. That is why I have ordered the Departments of State and Homeland Security to review the visa program under which the female terrorist in San Bernardino originally came to this country. And that is why I will urge high tech and law enforcement leaders to make it harder for terrorists to use technology to escape from justice.

Here at home, we can do more together to immediately address this challenge.

To start, Congress should act to make sure that no one on a No Fly List is able to buy a gun. What possible argument can be made for allowing a terrorist suspect to buy a semi-automatic weapon? This is a matter of national security. I know there are some who reject any gun safety measure, but no matter how effective our intelligence and law enforcement agencies, we cannot identify every would-be mass shooter. What we can do, and must do, is make it harder for them to kill.

Next, we should put in place stronger screening for those who come to America without a visa so that we can know if they've traveled to war zones. And finally, if Congress believes, as I do, that we are at war with ISIL, then it should vote to authorize the continued use of military force against these terrorists.

This is what we should do. But I’d like to also say a word about what we should not do.

We should not be drawn once again into a long and costly ground war in Iraq or Syria. That’s what groups like ISIL want. We also cannot turn against one another by letting this fight become a war between America and Islam. That, too, is what groups like ISIL want. ISIL does not speak for Islam. They are thugs and killers, and account for a tiny fraction of more than a billion Muslims around the world who reject their hateful ideology.

If we are to succeed in defeating terrorism, we must enlist Muslim communities as our strongest allies in rooting out misguided ideas that lead to radicalization. It is the responsibility of all Americans -- of every faith -- to reject discrimination. It is our responsibility to reject religious tests on who we admit into this country. It is our responsibility to reject language that encourages suspicion or hate. Because that kind of divisiveness, that betrayal of our values, plays into the hands of groups like ISIL. We have to remember that.

I am confident America will succeed in this mission because we are on the right side of history. Even as we debate our differences, let’s make sure we never forget what makes us exceptional: We were founded upon a belief in human dignity -- the idea that no matter who you are, or where you come from, or what you look like, or what religion you practice, you are equal in the eyes of God and equal in the eyes of the law.

Let’s not forget that freedom is more powerful than fear. That we have always met challenges -- whether war or depression; natural disasters or terrorist attacks -- by coming together around our common ideals. As long as we stay true to who we are, then I have no doubt that America will prevail.

Thank you,
President Barack Obama

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

                                                Syria in a nutshell

                
                                  A history of Bashar al-Assad

Friday, December 4, 2015
Dow soars 370 points, marking its largest gain in three months, after a strong jobs report and a dovish European Central Bank. Gold soars 2.32% on the COMEX

                     Is the U.S. stock market in a dead cat bounce?

OPEC hikes its production ceiling to 31.5 million barrels per day




The U.S. is literally running out of bombs to drop on ISIS.     How ironic, considering the meme regarding the Obama Administration's alleged lack of military action against the radicals


Thursday, December 3, 2015
Dow plunges 252 points in the worst sell-off in more than two months

The euro surged during trading to its largest daily move since 2009


Wednesday, December 2, 2015

Dow falls 169 points, which pushes the average into negative territory for the year


Short-term Treasury yields hit a 5-1/2-year high as Chairwoman Yellen indicates that a rate hike is on the table


West Texas Intermediate settles below $40, and Brent oil closes near a seven-year low


********************************************************************
                             Investment Advice Alert
If my advice of September 28, 2015 was followed, you are now 100% in equities in your global tax deferred accounts.

       My present advice to you: Withdraw from all equities markets                    around the globe in your tax deferred accounts
 
********************************************************************



Shooting in San Bernardino, California kills 14 people and wounds 17

                             Daily Mail: The San Bernardino story


Tuesday, December 1, 2015
Dow adds 168 points, despite a good deal of uncertainty on Wall Street regarding the Nation's macroeconomic outlook


The dollar fell today on weak data as well as dovish comments from the Federal Reserve


People's Bank of China Vice Governor Yi Gang: There will be no need to depreciate the yuan following the IMF's decision to include the yuan in its SDRs

   

China's official purchasing manager's index fell to a foreboding three-year low in November


Why stock market investors should not shrug off the weak manufacturing reports


        

Gold suffers its biggest monthly percentage drop since 2013 under the threat of a Federal Reserve rate hike following the Fed's December 16th meeting




The Hill: The FBI chief, James Comey, is the wild card in Hillary Clinton's race for the White House


Politico: Could an accident by Janet Yellen derail Hillary Clinton?



                         
                            

ABC News: U.S. Special Operations forces will have an expanded role against ISIS


Press TV:  Militia forces in Iraq will fight against any U.S. troops



Monday, November 30, 2015
Dow slips 79 points in the day's trading, leaving Wall Street with modest gains for November


This chart warns that stock market investors should be on high alert


Politico: Why the Paris climate deal is meaningless in the eyes of the true climate change believer


Russia Today: Russia claims it has proof that ISIS oil is routed through Turkey, despite President Erdogan's denial


Saturday, November 28, 2015



                                                
                                                  "Crazy"



Friday, November 27, 2015
Dow slips 15 points under the influence of falling oil prices and gains in the defensive stock sectors


The FBI is using elite surveillance teams to track at least 48 high-risk ISIS terror suspects in the United States

    
Did scientists just pick up the first discovered radio waves from a distant planet outside the Milky Way?


                   
                                    Alabama Shakes: "Sound and Color"

                                         
"I Ain't The Same"


Thursday, November 26, 2015


                                                     
                                                    
Happy Thanksgiving

Wednesday, November 25, 2015

Dow adds 1 point in the last day of trading before Thanksgiving break

Michael Gayed: The Fed is ready for higher interest rates.  Are you?

CNS News: The National debt under the Obama Administration has increased by $8,000,000,000,000 -- that's eight trillion dollars


Can the 1% really pay for the "free stuff" some Democrats want?


Daily Mail: The Russian pilot vows revenge for lost co-pilot following Turkey's shoot-down, and Russia deploys its long-range S-400 anti-aircraft missile system in Syria


Tuesday, November 24, 2015
Dow closes up 20 points following a rise in the price of oil, which lifts the value of energy companies


                                                Sukhoi SU-24 Fencer

NATO faces new Mideast crisis after Turkey shoots down a Russian jet and Syrian rebels destroy a helicopter and kill Russian personnel


Monday, November 23, 2015
Dow sheds 31 points under the weight of losses in technology stocks, telecoms and utilities




Donald Trump's racially charged rhetoric - such as Muslims cheering in New Jersey about 9/11 - present problems for the Republican party


Friday, November 20, 2015
Dow adds 91 points and the S&P 500 posts its largest weekly gain in nearly a year


FT Magazine: Satellite wars -- a new arms race in low Earth orbit


                       

Rush Limbaugh: The drive-bys lie and claim that Donald Trump wants to register all Muslims


              

Rachel Maddow: Donald Trump and Muslim databases present a developing controversy as to the meaning of the candidate's words

              
                                      Anita Datar lost her life in Bamako, Mali

Thursday, November 19, 2015
Dow slips 5 points as healthcare and energy sector stocks fall

                                  

Hillary Clinton presents an extensive outline of her plan to deal with terrorism, which includes significant departures from President Obama's announced policies


Donald Trump's poll numbers rise following the attacks in Paris


Wednesday, November 18, 2015

Dow soars 248 points on the Fed's signal that a December interest rate hike is on the table, despite European terrorism scenario


Russian air power strikes ISIS during the day, while American and French aircraft strike at night



                                 All vacations come to an end

Wednesday, September 30, 2015

Dow bounces upwards 236 points, as many sectors see strong gains on the day amid thin trading


Tuesday, September 29, 2015

Dow adds 47 points and the S&P 500 ends its five-day losing streak

Monday, September 28, 2015

The bears rule on Wall Street: Dow falls 313 points as biotech stocks plunge amid pricing concerns


************************************************************************************************************************************
                                 Investment Advice Alert
There is seldom a sanguine time to re-enter any volatile stock market. However, if my advice of June 19, 2015 was followed, you are now 100% in cash in your tax deferred accounts.

         My present advice to you: Re-enter the U.S. equities markets
 
************************************************************************************************************************************

Friday, September 25, 2015

Dow adds 113 points, but the biotech sector pulls the Nasdaq and S&P 500 into the red


Wednesday, September 23, 2015

Dow slips 51 points as oil loses ground and economic data from Europe and China disappoint investors

Tuesday, September 22, 2015

Dow falls 180 points under the pressure of a number of problems

Monday, September 21, 2015

Dow powers to a gain of 126 points, despite losses in the healthcare and biotechnology sectors


Victor Reklaitis: Goldman Sachs forecasts that the S&P 500 will reach 2,100 by year-end

Moody's Investors Service on Friday downgraded France's sovereign rating to Aa2 from Aa1, citing the continued weakness in the country's medium-term growth outlook

Alex Rosenberg: Are negative interest rates in America's future?


Two Americans are among six hostages freed in Yemen by the Houthis after months of captivity



Rush Limbaugh, in an attempt to defend Donald Trump, recently pointed out that "a sizable number" of Americans believe that the President is a Muslim.
  This would certainly be true regarding the  listeners of right-wing talk radio, such as the Rush Limbaugh Show, where you will hear the "evidence" revealing Barack Obama is a Muslim, such as the infamous 57 States slip-up of 2008.

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the United States.

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim. Or, at the very least, President Obama gets so tired at times that he says really, really dumb stuff.


Sunday, September 20, 2015

Tomi Kilgore: Occam's Razor says that the U.S. equities markets have turned into a downtrend


Michael Brush: Why the Federal Reserve's policies are driving the price of gold higher


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                                         You've Got Mail

Sent: Saturday, September 19, 2015 at 7:51 AM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: "Why on earth would Bernie go there?"

Bernie Sanders for President

Dear Walter,

Earlier this week I spoke at Liberty University. For those of you who do not know, Liberty University is a deeply religious institution. It is a school which tries to understand the meaning of morality and the words of the Bible, within the context of a very complicated modern world. It was founded by the Reverend Jerry Falwell, and the vast majority of people at Liberty strongly disagree with me, and perhaps you, about abortion, marriage equality, and other issues.

You might be asking yourself, "Why on earth would Bernie Sanders go there?" It is a fair question within the context of our modern politics.

I spoke at Liberty University because I believe that it is important for those with different views in our country to engage in civil discourse – not just to shout at each other or make fun of each other.

It is very easy for those in politics to talk to those who agree with us – and I do that every day. It is harder, but not less important, to try and communicate with those who do not agree with us and see where, if possible, we can find common ground. In other words, to reach out of our zone of comfort.

So I went outside of my zone of comfort. Watch this video of my remarks there and read what I have to say about the ideas of morality and justice as they relate to income inequality and other critical issues facing our nation.

The message I gave at Liberty University is that the moral choice is to fight income inequality, and that the just thing to do is to work to make our society more fair. Below are some of my remarks to Liberty from the video above, but I think it is important to share them with you here as well so that you can share with others how I approach these issues.

I am far, far from a perfect human being, but I am motivated by a vision which exists in all of the great religions – Christianity, Judaism, Islam, Buddhism and others – and which is so beautifully and clearly stated in Matthew 7:12. “So in everything, do to others what you would have them do to you, for this sums up the Law and the prophets.” The Golden Rule. Do to others what you would have them do to you. Not very complicated.

I told the crowd at Liberty University that I understand that issues such as abortion and gay marriage are very important to them, and that we disagree on those issues. I get that. But there are other issues out there that are of enormous consequence to our country and the world and that maybe, just maybe, we don’t disagree on them. And maybe, just maybe, we can work together in trying to resolve them.

Amos 5:24, “But let justice roll on like a river, righteousness like a never-failing stream!”

Justice. Treating others the way we would like to be treated. Treating all people with dignity and respect.

It would, I think, be hard for anyone in that room where I spoke to make the case that the United States today is a “just” society or anything resembling a just society.

In America today there is massive injustice in terms of income and wealth inequality. Injustice is rampant. We live in the wealthiest country in the history of the world but most Americans don’t know that because almost all of that wealth and income is going to the top one percent. We are living at a time where a handful of people have wealth beyond comprehension – huge yachts, jet planes, tens of billions of dollars, more money than they could spend in a thousand lifetimes. But at the same time, millions of people are struggling to feed their families or put a roof over their heads or find the money to go to a doctor.

When we talk about morality and when we talk about justice, we have to understand that there is no justice when the top one-tenth of one percent own almost as much wealth as the bottom 90 percent. There is no justice when all over this country people are working long hours for abysmally low wages, $7.25 an hour or $8 an hour, while 58 percent of all new income being created today goes to the top one percent.

There is no justice when, in recent years, we have seen a proliferation of millionaires and billionaires while, at the same time, the United States has the highest rate of childhood poverty in the industrialized world. How can we talk about morality when we turn our backs on the children of this country? Twenty percent of the children in this country live in poverty and that includes 40 percent of African American children. There is no justice when, in the wealthiest country in the history of the world, children in our country go to bed hungry.

There is no justice when the 15 wealthiest people in this country saw their wealth increase by $170 billion dollars in the last two years. That is more wealth, acquired in a two-year period, than is owned by the bottom 130 million Americans. And while the very rich become much richer, millions of families have no savings at all and struggle every week just to stay alive economically, and the elderly and disabled wonder how they stay warm in the winter. That is not justice. That is a rigged economy designed by the wealthiest people in this country to benefit the wealthiest people in this country at the expense of everyone else.

There is no justice when thousands of people in America die each year because they don’t have health insurance and don’t get to a doctor when they should, or when elderly people are forced to choose between food or medicine because our citizens pay the highest prices in the world for prescription drugs. That is not justice. That is not morality. That is simply an indication that we are the only major country on earth that does not guarantee health care for all as a right.

There is no justice when low-income and working-class mothers are forced to separate from their babies one or two weeks after birth and go back to work because we are the only major country on earth that does not have a paid family and medical leave policy. That is not justice. That is an attack on family values that everyone should be appalled at.

There is no justice in our country when youth unemployment exists at tragic levels – with 51 percent of African American high school kids unemployed or underemployed. No. We apparently do not have the funds to provide jobs or educational opportunities for our young people but we sure do have the money to throw them into jails. Today, the United States has more people in jail than any other country on earth, and many are serving time in inhumane conditions. That is not justice. That is the destruction of human life.

I am not a theologian or an expert on the Bible or a Catholic. I am just a U.S. senator from the small state of Vermont. But I agree with Pope Francis when he says: "The current financial crisis… originated in a profound human crisis: the denial of the primacy of the human person! We have created new idols. The worship of the ancient golden calf has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose."

He also states: "There is a need for financial reform along ethical lines that would produce in its turn an economic reform to benefit everyone. Money has to serve, not to rule."

In his view, and I agree with him, we are living in a nation and in a world which worships the acquisition of money and great wealth, but which turns its back on those in need. And that must end. We need to move toward an economy which works for all, and not just the few.

Throughout human history there has been endless discussion and debate about the meaning of justice and the meaning of morality. I hope that by getting out of my comfort zone and speaking with the students at Liberty University that I can be a part of a dialogue with people who might not agree with us. I hope that some of them conclude that if we strive toward morality and toward justice, that it is imperative that we have the courage to stand with the poor and working people of our country.

In solidarity,

Bernie Sanders

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

                                     "Amr Diab Osad Einy"


Saturday, September 19, 2015
Randall W. Forsyth: For markets, it's the treacherous season

New York Times: The Russian military buildup in Syria raises questions about Russia's evolving role in the Mideast


Friday, September 18, 2015
Dow falls 290 points, as the Industrial average falls back into correction territory


Ansuya Harjani: Be warned --  any emerging markets' relief rally bounce will be short-lived


Before the opening on Wall Street, stock futures indicate that trading today will be negative and volatile. European markets are lower ahead of the opening in New York

Overnight, The Asian markets were mostly higher, but Japan dipped as the yen appreciated versus the dollar

Diana Furchtgott-Roth: Taxing carried interest discourages investment. Consequently, the position taken by both Barack Obama and Donald Trump is wrong


                What is a hedge fund manager's carried interest?

Market Watch: The six markets that moved the most yesterday after the FOMC decision


                  Today is this quarter's quadruple witching day
The expiration date for four types of standardized contracts: stock options, stock index options, stock index futures, and single stock futures.

Quadruple
witching day occurs four times a year, on the third Friday in the last month of each quarterInvestors often unwind their positions on these contracts on or immediately before quadruple witching days, which leads to increased trading volume on those days. 
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

The price of gold has rallied to a one-month high following the Fed's action --  $1,140.20 on the Comex


The dollar fell yesterday against major foreign currencies after the Fed voted to keep interest rates steady

Look out, Carly!  People now know that you see things that aren't actually there, and then you become impassioned about your delusion. That is not a good thing

Look out, Donald!  People have noticed that your birther roots are showing. One of your supporters has led you to an embarrassing "Muslim/not American" situation that was caught on video 


Trump's response: He did not hear the man's initial comments about religion and nationality. Plus, Trump maintains that he is under no obligation to defend the President, since there is no moral obligation for him to do, and the President is capable of defending himself. Furthermore, this is not 2008, and Trump does not emulate losers like John McCain.
 
New York Times: Crazy talk at the Republican debate



                             A photogenic day in Greece
                  And a good day to be 100% in cash in America

Thursday, September 17, 2015
After the Fed release, Wall Street roiled through two hours of spectacular roller coaster trading before closing at a loss of 65 points on the Dow, with a similar percentage loss on the S&P 500 and a slight gain on the Nasdaq


The Federal Reserve has left interest rates unchanged, citing global economic and financial developments. The next meeting of the Federal Reserve is October 28, 2015

                                   Thank you to the FOMC
You voted in the best interests of the Nation, despite the pressure from many in the financial world who attempted to deliver a disguised political advantage to the Republican Party. Thank you for doing the right thing in a difficult situation.




CNBC: Video of Chair Yellen's press conference following the release of the FOMC rate decision


********************************************************************
                                 Hindsight is always 20/20

Rex Nutting: Spooked by global events, the Fed won't raise rates


Philip Van Doorn: It's time to shut down the Fed's  "peanut gallery"


Gregg Robb: Global doom versus labor boom will dominate Fed debate going forward


CNN Money: The Fed did nothing. What now for the markets?

Bloomberg: The Fed's decision to delay stimulus exit points to global risks, such as in the emerging markets


Wall Street Journal: Fed leaves rates unchanged

Barron's: The Federal Reserve is now the world's central bank


********************************************************************
Wall Street opens the day's trading slightly lower as all participants await today's momentous decision by the FOMC

Overnight, Asia was characterized by mixed activity in the equities market and among the currencies ahead of the Fed's announcement


                             Carly Fiorina -- Looking good to everyone

           A history of United States Presidential election debates

                                     A classic Jedi mind trick

Way to go, Jeb. Candidate Jeb Bush is standing on his tip-toes, as he did several times during the debate, when the camera was pointed his way. Actually, Bush and Trump are the same height. Keep in mind that the tallest candidate has oftentimes been the winner in American politics.
             Everything counts when you're playing to win -- Right, Jeb?


                                        You've Got Mail

Sent: Thursday, September 17, 2015 at 8:01 AM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: This is unacceptable, Walter
Last night, the Republican candidates for president tried to explain why one of them should be the next person to lead this country. Well, Walter, Republicans have an opportunity to show some leadership right now -- in this very moment.

With Congress back in session, it's time for the GOP to do some work. They've got to pass a budget by the end of this month -- a budget with no strings or nonsense attached -- or they'll be shutting down the government for the second time in two years.

And let me be clear: A government shutdown would be completely irresponsible, but it's not inevitable. Congress can pass a budget that invests in American families, in our schools, in our roads, in our military, and in all the things that truly make this country great. That's a budget I'd be more than happy to sign. But instead of trying to find ways for us to move forward together, some folks are threatening to shut down the government because I won't accept a budget that hurts the middle class or makes it harder for women to access health care services they need by defunding Planned Parenthood.

Now we're getting closer and closer every day to Election Day, and if we want a Congress that won't play politics with people's lives, we've got to elect Democrats who will work tirelessly fighting for people like you and me.

Thanks for standing with me and Democrats across the country on this, Walter.

Barack Obama





Wednesday, September 16, 2015
Dow jumps 140 points on the eve of the big Federal Reserve meeting


Oil rallies to its highest settlement of the month -- with a gain of 5.7%

Overnight, the Chinese stock markets saw their biggest rallies in the last three weeks, and that optimism spread throughout the emerging market sector

Hewlett-Packard will cut another 25,000 to 30,000 jobs, as the company splits into two corporations


Steve Goldstein: The Census Bureau reports that the typical American household has a lower income now than before the Great Recession


Fox News: The American effort in Syria is not going well. Our Commander admits that there are only five surviving U.S. trainees


New York Times: For the U.S. pilots fighting an air war against ISIS, the real war is not at all like "Top Gun"




                                         Debate Night in America

Fox News: GOP rivals try to ding Trump at the debate, and the front runner hits back


New York Times: Candidates use second GOP debate to taunt Donald Trump -- and he gets the largest amount of attention


Daily Mail: "It's war!" Has Donald Trump earned the mostly juvenile nickname of "Mr. T",  because he calls people "fools"?

                                          

Tuesday, September 15, 2015
Dow closes up 229 points, even though many participants are on hold ahead of Thursday's meeting of the Fed

CNN Money: What the front runner Republican candidates are saying about taxes -- carried interest, flat tax and fair tax

U.S. stock futures struggle for a definite direction following mixed economics data and inaction by the Bank of Japan

Goldman Sachs' list of winners and losers following a Fed rate hike

The Fed's decision on interest rates could rock six different markets


Greg Robb: The Fed governors are the wild card at this week's meeting's vote on a rate increase

Chuck Jaffe: Five traps to avoid in today's volatile stock market


                      


Mohamed El-Erian: There is a bumpy road ahead in the financial markets, but this will create a lot of attractive opportunities


CNN Money: China's currency could double its losses before the end of 2015 -- and this is particularly likely if there is an interest rate increase by the Federal Reserve in the United States

Wall Street Journal: The oil patch is bracing for the time of financial reckoning -- starting as early as this month


Daily Mail: Hungary declares a state of emergency and may deploy its army in the face of the influx of Muslim migrants


 
              Senator Sanders relaxing at your home on the night of December 24th
     "Don't worry about the cost. The elves take care of all that up at the North Pole."

Wall Street Journal: The price tag for the proposals being offered on the stump by Senator Sanders is $18 trillion over the next ten years


                                     Straight Outta Showbiz



Donald Trump hammers sanctuary cities, before a crowd of 20,000 cheering fans in Dallas, during a 90 minute speech that he delivered without a teleprompter or written notes



       

                         Another line of criticism of The Donald:
    He has no intention of fulfilling many of his campaign promises


Monday, September 14, 2015
Dow falls 62 points on low volume. The Street is on Fed watch, and, for the first time in many years, what the Fed will do is totally uncertain


The Shanghai stock market falls badly again following a weak report on Chinese factory output

People's Bank of China has opened an onshore currency exchange to foreign central banks

William Ackman: "I'm more bullish on stocks than hedge fund billionaire David Tepper."

Thomas H. Kee: A rate increase by the Fed could trigger a financial markets crash

Shawn Langlois:  Fed? What Fed?  Here's why the next 15 years will be great for stocks


Barron's: Value stocks look poised to outperform the market in the near-term


  Always consult with famous experts and authorities on the relevant subjects

CNN Money: Why the Fed should raise rates this week


Nobel prize winner Robert Schiller warns of a stock market bubble




Donald Trump paints himself as a super-wealthy populist, and he calls the high level of CEO pay "disgraceful"


                         Vice President Joe Biden's life story



Vice President Joe Biden's supporters are ramping up a campaign-in-waiting, as the potential candidate thinks through his decision


********************************************************************
                        Telling Your Base Exactly What They Want To Hear

 
It's not just Donald Trump who is spouting BS in order to attract cheering fans

Sent: Monday, September 14, 2015 at 11:26 AM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Goldman Sachs

Bernie Sanders for President

Dear Walter,

It's time to break up the banks.

The greed, recklessness, and illegal behavior on Wall Street drove this country into the worst recession since the Great Depression. Their casino-style gambling has helped divert 99 percent of all new income to the top one percent. And it has contributed to the most unequal level of wealth and income distribution of any major country on earth. 

In the midst of all of this grotesque inequality sits a handful of financial institutions that are still so large, the failure of any one would cause catastrophic risk to millions of Americans and send the world economy into crisis.

If it's too big to fail, it's too big to exist. That's the bottom line. 

I introduced legislation in Congress that would break up banks that are too big to fail. Can you sign on as a citizen co-sponsor of my bill to show your support?


Banking should be boring. It shouldn't be about making as much profit as possible by gambling on esoteric financial products. The goal of banking should be to provide affordable loans to small and medium-sized businesses in the productive economy, and to Americans who need to purchase homes and cars.

That is not what these financial institutions are doing. They're instead creating an economy which is not sustainable from a moral, economic, or political perspective. It's a rigged economy that must be changed in fundamental ways. 

Let's be clear who we're talking about: JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Wells Fargo, Morgan Stanley, and other institutions; they're all too big to fail. So they must be broken up.

Wall Street can't be an island unto itself separate from the rest of the productive economy whose only goal is to make as much money as possible. I fear very much that the financial system is even more fragile than many people may perceive.

Millions of Americans are working longer hours for lower wages, while virtually all new income goes to the people who need it the least. In fact, the top 14 wealthiest people saw their wealth grow more last year than the bottom 130 million have in total.

We must break this cycle to save the middle class in America. Can you show your support for my bill to break up the banks?


I'm running for President of the United States because I believe that it is incumbent on us to try to take back our country from the billionaires and make it thrive again for the working and middle class. Breaking up the banks is a critical part to making that a reality.

Thank you for all of your support.

Senator Bernie Sanders

Most of Senator Sanders' arguments concerning the evils of Big Banks are left-wing fairy tales -- made up of manipulative, half-truths.

Compare the fairy tales to the much more realistic assessment of the subprime mortgage crisis found on this website, dated July 10, 2015.

********************************************************************
Fox News: Moscow is shipping heavy armaments into Syria, such as six battle tanks



Sunday, September 13, 2015
Dawn Kissi: China is not the only country selling foreign currency reserves -- Saudi Arabia has also seen the need to liquidate reserves




                                              Shanghai

Wall Street Journal: China has unveiled the overhaul of its state -owned industries


Shuli Ren: The Indian stock market beckons to the patient investor

Investor's Business Daily: An update on the five top drug stocks -- active in R&D, as well as M&A


Investor's Business Daily: An update on the five top-rated medical device stocks


Bloomberg: U.S. gas prices fall to their lowest levels in six months, according to a Lundberg survey


Sally Brandon: The five mistakes to avoid when planning for a successful and happy retirement

Richard Eisenberg: Have you ever dreamed of retiring abroad?

Does the agreement concerning nuclear energy that the Obama Administration negotiated with Iran require the consent of the Senate under the terms of our Constitution?

      Regarding Benghazi, Libya -- September 11, 2012

It has been very clear for many months that the attack on the U.S. consulate in Benghazi was not prompted by the video "Innocence of Muslims", which was produced in the United States by Nakoula Basseley Nakoula. The fact that the Obama Administration initially made that claim is being cited continually by right-wing critics as the foundation for their allegations of a cover-up by President Obama of a foreign policy failure.

Lost in the right-wing's critique, however, is the fact that the blasphemous video spawned incidents and protests in at least 39 countries - not including Libya - that led directly to the deaths of at least 101 people. Instead, the right-wingers prefer to focus on the fact that the incident in Benghazi was not related to the video, and deride the jailing of Nakoula as an effort by Obama to pin Benghazi on the video. There is huge irony in the fact that Benghazi was an incident that was not caused by the Nakoula video, even though it occurred during a time period when there were dozens of fiery uprisings by Muslims around the world that were definitely caused by the Nakoula video.

                                   Facts matter

There were two American deaths that were the direct result of the Nakoula video. The Taliban attributed to the video their September 14, 2012 attack on Camp Bastion in Afghanistan. Two Marines lost their lives: Lt. Col. Christopher Raible, 40, and Sgt. Bradley Atwell, 27. In addition, aircraft and equipment valued in the millions of dollars were destroyed at Camp Bastion.
 
 

In fact, Nakoula's adoption of a false identity to produce the video and his use of You Tube to post it online were clear violations of the terms of Nakoula's probation from an earlier bank fraud conviction. If violating one's probation in a way that results in the deaths of 101 people does not land a person back in prison, then I really do not know what would put a man back behind bars. 

Apparently, however, opinions can vary widely with respect to the severity of Nakoula's actions. For example, right-wing talk show host Roger Hedgecock has stated to his radio audience that he feels Nakoula's punishment should be no more than a $500 fine, and Rush Limbaugh tells his audience on a regular basis that Nakoula was unjustly jailed.

    Just in case anybody cares about what really happened concerning Syria 

Much has been made of President Obama's statement on August 21, 2012 that the use of chemical weapons in Syria would cross a red line -- particularly in the right-wing media.

What has become overlooked, however, is the fact that the President did not say that a chemical weapons attack would necessarily trigger a military response by the United States -- instead, only the "calculus" of President Obama's assessment of the situation would change. It was not until later that pundits, political enemies on talk radio and supposed allies of the President demanded that the words meant that Obama was forced to attack the Assad regime or suffer a loss of face. Such a conclusion was designed to be totally manipulative.

It is ironic that the Obama Administration was able to garner a negotiated settlement that eliminated the Assad regime's stockpile of chemical weapons -- without a military fireworks show.

The chemical weapons were eliminated, but the President's critics question whether Obama was fierce enough in his condemnation of Assad and the forces Assad is fighting in Syria.


         Mr. President: Pay attention to the importance of fierce rhetoric

العربية والألغاز ، وأنشطة للكتب اللغة العربية والكتب العربية الطفل، أفلام عربية للأطفال، وأشرطة فيديو للأطفال، ألعاب تعليمية، مصادر التعلم ، تعلم اللغة العربية، خطابات الأبجدية العربية، الحروف العربية

Fox News points out, at least three times per hour, that unlike the confused and delusional President Obama, Fox News followers are able to correctly and fiercely identify and name the enemy. They've learned all the current badest rhetoric -- they can really talk the talk (which is a good thing because they don't have to actually walk the walk everyday, like the President). Here's the latest:


  "Radical deranged savage Muslim Islamic jihadist terrorist killers"
 
Plus, Fox News is quick to point out "How can you defeat an enemy when you can't talk the talk-- pointing at President Obama's failure to employ over-the-top rhetoric at all times, so people will know he can talk the talk.

                         Right on!    Right on!

Just one thing, Mr. Fox News propaganda guy:  The "scary looking" --  and, therefore, great scary fun -- Arabic inscription above is not the text of the latest Jihadi John video. It's an advertisement for children's nursery rhymes.

       Whoops!  Better fix that during the next Fox News commercial break!



                    

                                      "A Sunday Kind Of Love"

Saturday, September 12, 2015
Patti Domm: Will it or won't it?  Whatever the Fed does, half of Wall Street will be unhappily surprised


Komal Sri-Kumar: There will be no Fed rate hike until 2017


BTIG Strategist: Why we changed our minds regarding a September rate hike


CNBC: Rising interest rates -- What you need to know, according to the members on this panel

      There is no one more blind than the person who does not want to see™


New York Times: Now that the nuclear deal is sealed, President Obama must make it work and mend fences in Congress

MSNBC attempts a Jedi mind trick: The Justice Department has concluded that Hillary Clinton broke no law by deleting personal emails.   Got it.  So when you're pulled over for doing 100 mph in a 35 mph zone, be sure to point out to the judge that you signaled all lane changes and were not talking on your cell phone


   

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

Wall Street Journal: Donald Trump says that the deportation of the 11 million person illegal population will be accomplished within two years after he takes office


                                  Thinking outside the box
           regarding Presidential material in the Democratic Party

       
                                              Mary T. Barra
               Chief Executive Officer, General Motors Company

                  Ms. Barra would make a great President in 2017

                                    DRAFT MARY T. BARRA

Ms. Barra's life story -- a young, real, tough, honest, intelligent, business savvy, globally experienced and accomplished executive, who is genuinely interested in the well-being of all Americans

                                    Not paid for by anybody

Fox News: The Russian build-up in Syria is part of a secret deal with Iran's Quds force commander, Major General Qassem Soleimani


                                 


                          "Where Have All The Flowers Gone?"


Friday, September 11, 2015
Dow adds 103 points, despite the fact that many participants seem to be on hold ahead of the Fed's action

Treasury yields decline after weak, 85.7, consumer sentiment report

Overnight, the Asian markets were mixed and subdued, in advance of next week's FOMC meeting

Treasury Department reports that the Federal budget deficit is headed to an Obama-era low 


                                The problem is, however:
 Each year of the Obama Administration has been a deficit shipwreck

A dozen big banks and several large institutions agree to settle a lawsuit regarding credit default swaps for $1.87 billion

Goldman Sachs: The price of oil could fall to $20 per barrel


CNN Money: Is China dumping its horde of $1.3 trillion in U.S. debt?


Hong Kong's wealthiest are turning to African and Latin American developing markets as investment alternatives, while shunning European markets


Financial Times: There is little chance that the Bank of England will raise that country's interest rates in the near future


24/7 Wall Street: Eight states are running out of water.  There is a need here that will only get worse. Here is the answer: Desalination


       Desalination -- How Israel produces 40% of its drinking water

Jeb Bush wants to lower taxes, limit deductions and raise the tax rate on carried interest income

Anora Mahmudova: Don't be so quick to blame the risk parity strategy for the stock market's volatility


New York Governor Cuomo seals a deal on $15 minimum wage for fast food workers in his state


                                       September 11, 2001          

                                         "For All We Know"

                             
Thursday, September 10, 2015
Dow adds 77 points for the day as oil rebounds, but an early rally did lose steam as the day progressed


U.S. import prices fall 1.8% in August and 11.4% over the past year

Standard & Poor's has downgraded Brazil's debt to junk status -- BB+, with a negative outlook



                                          Brazil's history

Joseph Adinolfi: Brazil's economy will likely get worse before things get better


CNBC: Treasury Department auctions $13 billion of 30-year bonds at
a high yield of 2.980%




Ethan Wolff-Mann: How the richest Americans are getting even richer

New York Times: Senate Republicans plan a showdown vote on the Iranian nuclear deal


Fox News: Russian troops are reportedly massing in Syria in support of Bashar Assad


China's Premier Li says that China can, and will, avoid a hard landing


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, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, 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. Instead, most commentators in the U.S. media continually follow a meme that the Chinese do not know what they are doing with respect to financial and business matters.

Drivers across the U.S. will be paying near $2.00 a gallon by year end


                           Not just wrong -- absolutely wrong

A trip down Memory Lane: Three years ago, President Obama and many of the media's liberal commentators insisted that any increase in drilling for oil in the United States -- such as through fracking -- would have only a negligible impact on gasoline prices in America.  Here is an example of that erroneous, foolish rhetoric and commentary.

The Obama Administration was absolutely wrong -- witness the present level of gasoline prices at just 55% of the price of 2012. This should be grounds for a total reassessment of the President's staff of economic advisers.

Mr. Obama needs new people in the positions concerning business and finance -- people who actually understand commodities, and specifically the complex nature of international oil markets. Apparently, in 2012, the Obama Administration was getting its financial advice from the Sociology students working at 1600 Pennsylvania Avenue who were most interested in any plausible argument supporting the abandonment of fossil fuels.

 
Additional examples of people who should not speak on economics matters:
             
                 White House Communications Director Jen Psaki
                                    MSNBC's commentator Ed Schultz

                             
Over the next several weeks I will explain
             
the reasons why I have disparaged Ms. Psaki and Mr. Schultz

                               This is just the start of the criticism

Why am I so critical of Ms. Psaki?  Simply put: Because she answered the question, during her interview, regarding the alleged stall in the U.S. economy as if she was unprepared to make a good response.

      Really -- unprepared?  Her lack of preparation is absolutely inexcusable

Why am I so critical of Mr. Schultz?   Simply put: Because he oftentimes simplifies complex issues to the point that he leaves unanswered many questions that warrant deeper consideration.

                  I suspect that Mr. Schultz and most of the commentators
                                       on MSNBC do not understand
           the complicated issues in matters involving business and finance


                  Here is an example of a complicated issue:

   Summary of the Trans-Pacific Strategic Economic Partnership Agreement


Donald Trump, apparently, does not believe that Carly Fiorina is a good-looking woman -- or, in the alternative, he feels that Ms Fiorina does not have a good persona (whatever that means) -- at least that's the way he feels when he is joking around with his staff members

But of course, it's like when I say "Check out that babe's behind!" -- what that means is: "Take a good look at her drive and ambition."  



         In the solemn words of that wise owl, Governor Rick Perry:
                      "Even a broken clock is right once a day"


Forget what Trump said about Fiorina's face. Her record at Hewlett- Packard is the real issue



CNN Money: Ben Carson wants to tackle the U.S. debt.  His plan has multiple flaws, for the simple reason that he is a Christian ideologue who oftentimes doesn't actually know what he's talking about

MSNBC: Calls mount for changes to the Democrats' debate schedule




Wednesday, September 9, 2015
Dow plummets 239 points, despite a strong start, and the price of oil and the specter of a rate increase by the Fed are to blame


Bespoke Investment Group: The trading action on Wall Street over the last two weeks has been very rare, to the point of being historic


*************************************************************************************
                                A Trip Down Memory Lane

For months now, I have preached against the evil that would be caused from a rate hike by the Federal Reserve. See, for example:

                                           June 23, 2015

  Who is Jerome H. Powell? Not at all a household name. Mr. Powell is one of the Governors of the Federal Reserve Bank. He believes that interest  rates in the United States should be raised in September and then again in December. 

Mr. Powell, who previously served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, is trying to torpedo the Obama Administration's economy, and he is willing to jeopardize the World's financial well-being in order to cripple the chances of a Democratic Party victory in November, 2016.


Wake up, all you Sociology students working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration Sociology students know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness in Asia, while keeping in mind the size of our National debt and the Federal Reserve's balance sheet -- the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest in the United States.


Mr. Powell knows all about the above list of factors, but, when it comes to matters of international finance and the interaction with election politics, always remember the age-old axiom:


    There is no one more blind than the person who does not want to see™


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

Prior to the opening in New York, U.S. stock futures soar on the wings of the upbeat activity on Asian bourses


Overnight trading in Asia was very bullish -- the Nikkei gained 7.7% following comments from Beijing and Japanese Prime Minister Abe

Philip Van Doorn: How to make money in the coming deflationary "Ice Age" economy


         Yea, Philip, but I've got an even better idea: "Get a job and work hard."


********************************************************************
New York Times: Hillary Clinton issues an apology for her use of a private email system.


                                        You've Got Mail

Sent: Tuesday, September 08, 2015 at 7:39 PM
From: "Hillary Clinton" <info@hillaryclinton.com>
To: walterlewis@gmx.com
Subject: My email
Walter --

I wanted you to hear this directly from me:

Yes, I should have used two email addresses, one for personal matters and one for my work at the State Department. Not doing so was a mistake. I'm sorry about it, and I take full responsibility.

It's important for you to know a few key facts. My use of a personal email account was aboveboard and allowed under the State Department's rules. Everyone I communicated with in government was aware of it. And nothing I ever sent or received was marked classified at the time.

As this process proceeds, I want to be as transparent as possible. That's why I've provided all of my work emails to the government to be released to the public, and why I'll be testifying in public in front of the Benghazi Committee later next month.

I know this is a complex story. I could have -- and should have -- done a better job answering questions earlier. I'm grateful for your support, and I'm not taking anything for granted.

I understand that you may have more questions, and I am going to work to keep answering them. If you want to read more, including my emails themselves, please go here:

https://www.hillaryclinton.com/emails/

Thank you,

Hillary

  Got it.   However, Hillary, I see you are still hiding behind the argument that the emails moving through your system were not marked as classified. The problem with that rationalization is the fact that you should have realized that the satellite images on a number of your emails were classified, irrespective of whether or not they were stamped "Top Secret".

When I was in the Air Force, if I had done what Hillary did, I would have been court-martialed and sent to prison.
                                        
*************************************************************************************

Petra Laszlo, of N1TV, which is owned by the far-right Jobbik party, becomes the news as she makes life more difficult for two migrants


Fox News: Russia continues to send supplies to its ally, the Assad government in Syria



                                               The Cayman Islands

                                      "Candlelight and You"

                                       "Stairway to Heaven"

Tuesday, September 8, 2015
A huge sigh of relief overtakes the building at the corner of Wall Street and Broad: The Dow soars 390 points, marking the second best one-day point gain of 2015


However, there is a problem: The Chinese stimulus program that spawned today's buying fervor is unconfirmed; the existence of such a stimulus program may turn out to be an untrue rumor. Equity markets are always overrun with rumors. The prospect of a stimulus program first inflated the stock market in Shanghai, then spread to Europe and hours later the story played a big role in New York.

Barbara Kollmeyer: Societe Generale reports that the U.S. stock selloff is overdone, this opinion is based on three stock charts

Brent Arends: There is danger ahead in the junk bonds market


   Avi Gilburt: Market action suggests that 1,700 on the S&P 500 is more likely than not in the near future

Nicholas A. Vardy: How BRIC investing went bust -- the BRICs being Brazil, Russia, India and China


Leon Cooperman: Why this bull market is not over


Louise Yamada: Why this bull market is definitely over


Craig Stephen: Capital flight is Beijing's new confidence problem


Richard Suttmeier: When markets open today, investors face three dreaded "Death Cross" formations

           

It's that time of year again: Planning for a government shutdown is time-consuming and costly


           History of U.S. government shutdowns in the modern era

Politico: How Planned Parenthood could shut down the government




Washington Post: After a wilting summer, Hillary Clinton hopes for a fall rebound


CIA and NG-IA agree: Hillary Clinton's emails contained two items of Top Secret information




                                           "You Are, You Are"


Monday, September 7, 2015




                             Make it a contemplative Labor Day

                                                       Celebrate with a song

*************************************************************************************
                    
A modest proposal, since today is a holiday --
      Maybe Congress and the President could agree on an idea
           that could bring dollars in the hundreds of billions
                                 back into the U.S. economy

BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards.   

Repatriation refers to the payment of a dividend by a foreign corporation to a U.S. corporation. This happens when the foreign corporation is considered a "controlled foreign corporation" (CFC), which means that more than 50% of the foreign corporation is owned by U.S. shareholders.

Generally, foreign direct investment in CFCs, or a CFC's profits from doing business abroad, are not taxed until a dividend is paid to the controlling U.S. parent company, and is thus repatriated under the jurisdiction of the U.S. tax authorities.

The foreign income of the CFC is taxed only by the country where it is incorporated until repatriation. At repatriation, income is subject to the (typically higher) U.S. tax rate -- generally at the rate of 35% -- minus any foreign tax credits, for taxes paid to foreign governments. This process is covered under Sections 951-965 of the Internal revenue Code. 

There are currently hundreds of billions of dollars of foreign direct investment in CFCs because of the disincentive to repatriate those earnings.


Some sort of repatriation incentive is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children. 

Too bad the Republicans and Democrats usually cannot cooperate on anything of substance under the Sun


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

European stock markets start the week in the black, but Asia was mixed



Dovish Mario Draghi signals that the European Central Bank is willing to act on more quantitative easing



China's National Bureau of Statistics cut its 2014 growth rate to 7.3% from the previously released figure of 7.4%

In overnight futures trading, oil contracts edged lower following the revision of China's growth rate


IMF Managing Director Christine Lagarde: Issues a call for urgent overhauls of major countries' economic systems, and she implores the Federal Reserve to forego any rate increase until 2016

             What are the facts behind Donald Trump's bankruptcies?

Daily Mail: Hundreds of Muslim migrants are converting to Christianity in a bid to gain asylum in Germany


Diana Furchtgott-Roth: Workers do not fare better in unions, despite the Obama Administration party line


                   Have unions already done all the good they can do?
                                      
Are unions dinosaurs?
 
  
                  "Kneel and say an Ave Maria there for me"
   

Sunday, September 6, 2015
Oppenheimer's Ari Wald: As a technician, "I feel this correction is reminiscent of 2011 -- deja vu all over again"


Cornerstone Macro's Carter Worth: "As a technician, I feel this situation can get much worse"


Goldman v. Morgan Stanley: Is now the time to buy everything?

Karma Allen: If you are considering buying the dips, you might want to look at these five Dow heavyweights
  You also might want to look into seeing a competent psychiatrist

The selloff in China will continue for another 50% drop

Dennis Gartman: This is a very real bear market, for which most people are not prepared


Nobel laureate Robert Shiller: The risk of a big market drop is growing, according to his cyclically adjusted price-to-earnings ratio, which looks at share price divided by a stock's 10-year average earnings


CNN Money: China could really hurt the Democrats in 2016 elections




Daily Mail: Donald Trump leads Hillary Clinton in a dramatic new poll


Mayor Bill de Blassio vs. ex-Mayor Rudy Giuliani: What is the proper way to care for New York City's homeless?

                                  Thinking outside the box
           regarding Presidential material in the Democratic Party

       
                                              Mary T. Barra
               Chief Executive Officer, General Motors Company

                  Ms. Barra would make a great President in 2017

                                    DRAFT MARY T. BARRA

Ms. Barra's life story -- a young, real, tough, honest, intelligent, business savvy, globally experienced and accomplished executive, who is genuinely interested in the well-being of all Americans

                                    Not paid for by anybody



                                                "I Want You"

Saturday, September 5, 2015
Matt Tuttle of Tuttle Tactical Management: He proudly went 100% into cash on September 3rd.
   That is way too late, Matt, to be bragging about what you should have done for your clients weeks ago

Daily Mail: 5,000 migrants arrive in Germany and Austria.   How many Syrian migrants have received refuge in the Arab Gulf States? That's an easy question to answer: Zero



                      Do you recognize this man? You really should
           He has played a huge role in your life -- in all of our lives

                                                           Zbigniew Brzezinski
                           
Author of "The Grand Chessboard --
              American Primacy and Its Geostrategic Imperatives"
                                             Published in 1997

           Halford J. Mackinder: "The Geographical Pivot of History"


                                    

Friday, September 4, 2015
The bloodletting continues: The Dow falls 272 points under the weight of a good report on jobs in the United States

U.S. adds 173,000 jobs in August, and the unemployment rate fell to 5.1%, a seven-year low


Here's the biggest negative with respect to the August jobs report

          That's right. Stocks plunged in value because of good news

Millions of people lost value in their IRAs and 401(k)s today because the Federal Reserve Board is threatening to raise interest rates, since the United States has such a vibrant economy -- as exemplified by today's jobs report. According to the Fed, it's time to "normalize".

There is a faction of Governors at the Fed who are trying to torpedo the Obama economy in an effort to place the White House in the hands of the Republican Party in November, 2016.  Raising interest rates is a method to cripple the U.S. economy, which will have a deleterious effect on the entire planet.

It is hard to imagine a worse time than now to raise interest rates in the United States, unless your agenda has nothing to do with the economic well-being of the Nation. The Federal Reserve will announce its decision on this issue on September 17th.


Stock Market Lookahead: The Fed is handcuffing itself.  Here's how

Tomi Kilgore: Bearish divergence in stock charts warn against buying the dips in the current market


                Seven essentials for making $1 million from scratch



Washington Post: The real reason why Donald Trump is so rich


CNN Money: How many jobs has Donald Trump actually created

Paul B. Farrell: If Donald Trump is nominated there is a 100% probability that there will be a 50% stock market crash


                             Keep in mind here, Paul B. Farrell
                          is filled with hyperbole 85% of the time


 
Is Senator Bernie Sanders running to become President, or is he running to become Santa Claus?


                                  I'm serious. Love you, Bernie,
                               but if you were elected it would be:
                       "Shovel ready jobs will fix everything" and
                "Raise the minimum wage -- that's what's needed"
                                                 all over again

       God's mercy: John Keynes died before his theories were disproved

                      



                                                 "Lento"

Thursday, September 3, 2015
Futures trading overnight gives a positive indication regarding trading at the open in the U.S. equity markets


Meghana Gaikwad: As investors flee China: How about a new destination -- India



      It's a peaceful evening when you're 100% in cash at the right time

Wednesday, September 2, 2015

Boomerang Day on Wall Street: The Dow surges ahead with a 293 point gain, following an upbeat report from the Federal Reserve


Michael Ashbaugh: Last week's rally was a proverbial dead cat bounce, and the bounce has fizzled

CNN Money: China is the scariest threat to stocks since 2009. Here's why the bull market in the United States is ending




Tomi Kilgore: The infamous "Death Cross" pattern is spreading through the markets   Just like in the movies

Morgan Stanley has cut its S&P 500 12-month price target to 2200




        Nice drawing. Not at all scary when you have nothing to lose
                       Have a good night's sleep. You're welcome

Tuesday, September 1, 2015
Dow plunges 470 points, putting all three major indexes back into correction territory. Everybody is blaming China


International Monetary Fund: Global markets should brace themselves for a slowdown in the Chinese economy

William Kazer: The China Federation of Logistics and Purchasing has reported that China's manufacturing sector purchasing index has slipped to 49.7 in August from 50.0 in the previous month

Craig Stephens: Beijing's incompetence is now China's biggest problem.
Mr. Stephens never misses a chance to call the Chinese bumbling



                                                  Sichuan, China
                            
                                History of the Middle Kingdom



                                           Jiuzhaigou Valley, China



                          Andy Lau: "You Are My Lady"
      You don't have to speak Mandarin to know that this is a love song


Monday, August 31, 2015
Dow falls 115 points and posts the biggest monthly loss since 2010




Myra P. Saefong: Oil ends August with a sharp increase in price -- posting a gain of 4.4% on the month

CNN Money: The world is still hooked on cheap money

"Cheap Money"? -- perhaps financial analysis would be better off without this type of characterization, since it sounds like the world is getting something that was not paid for in an appropriate way. What on earth does this mean? I am sure that money seems just as expensive as ever to people just getting by


Steve Goldstein: This Friday's jobs report could prevent the Fed from raising interest rates, but, whatever the report says, it alone cannot ensure that there will be a hike in rates



                                                 The Cayman Islands

                            Hedge funds as investment vehicles

Asia is set to topple North America as the world's richest region, as global private wealth reaches $164 trillion and the number of Chinese millionaires tops 4 million



CNN Money: Investors have pulled $1 trillion from emerging markets over the past 12 months

************************************************************************************************************************************
                                                  A trip down Memory Lane
    How wrong can a financial expert be and still be considered a financial expert?
U.S. Treasury Secretary Hank Paulson -- July, 2007: "This is far and away the strongest global economy I've seen in my business lifetime."


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

Sue Chang: By this gauge's measure, stocks have weathered the worst of the recent financial crisis

        

This is why you should never use a market order during a big selloff, because it's like standing in front of a stampeding elephant



                
                                                         "This Is How We Do It"

Sunday, August 30, 2015
Vice Finance Minister Zhu Guangyao: Panic in China's financial markets demanded that something be done


                              The Chinese three T principles:
                      "Timely, temporary and targeted actions"



ECB Vice President Vitor Constancio: The ECB stimulus program -- a €60 billion per month bond purchase program -- should raise the level of inflation in Europe to the target 2.0% rate

CNN Money: Brazil has fallen into a deep recession

                                                                          

                                           Brazil's history

CNN Money: Can the global gloom sink the American economy?

Wall Street Journal: Buying the dips does not work for everyone

Ten money stories you might have missed but shouldn't have


       

                                             "Somebody, Please"


Saturday, August 29, 2015
Federal Reserve Vice Chair Stanley Fischer: The case for a rate hike in September was "pretty strong" before the People's Bank of China devalued the yuan.  

Oh really, Mr. Fischer? Actually, what Mr. Fischer is trying to say, in his own little way, is this: "Now, even blind people, such as the right-wingers on the Federal Reserve Open Market Committee, can clearly see that a rate hike in September would be downright silly and obviously aimed at weakening the Democrats' chances for a strong showing in the 2016 elections, all this in light of the recent devaluation of the yuan and the totally scary global financial panic that occurred just last week as the World's stock markets anticipated a rate increase by the Federal Reserve
."

Rex Nutting is obviously a Propaganda Boy: Why the market correction makes a rate hike in September more compelling

Wake up, all you Sociology majors working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration's Sociology majors know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness -- to put it mildly -- in global stock markets, plus, taking into account the huge down slide that took place recently in the Asian equity markets, while keeping in mind the size of our National debt and the Federal Reserve's almost incomprehensible balance sheet, reflecting debt assets in the trillions of dollars, it should be clear that the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest rates in the United States.

  Anyone who says differently is on a manipulative, political agenda -- Period™



 
                                
                                     
"My Favorite Part Of You"

               
"There Goes My Baby, There Goes My Destiny"

Friday, August 28, 2015
Dow closes out the trading week with a gain of 12 points. Just a plain downright boring session

Market Watch: A compilation with respect to where each Federal Reserve member stands on raising interest rates



                 President Wilson signs the Federal Reserve Act in 1913

                       Summary of the Federal Reserve Board

Overnight, the Asian markets were mostly higher, due to gains in China and the United States over the last two days

Sue Chang: China's economy may be in worse shape than people think -- or, to put the proposition more precisely: China may be in worse shape than Beijing is willing to admit

Official of the People's Bank of China blames the Fed for the recent rout in equities, and claims that the yuan devaluation was not to blame for what has happened globally


Jim Chanos: The People's Bank of China is to blame for the stock meltdown. Mr Chanos has been talking down China for years


Philip Van Doorn: Ten stocks, including a pick by Carl Ichan, that led the market rebound yesterday


Philip Van Doorn: A surefire strategy to stay calm and make money in this crazy market


Jim Cramer: Surprise!  This group has a pulse -- oil and commodities


Jeff Reeves: If you don't buy Apple's stock today, then you're crazy

Jim Parmuk: Six trades on momentum tech stocks


Wall Street Journal: How do you short China?   Credit default swaps



 
                                     Investment Advice Alert

There is seldom a sanguine time to reenter any volatile stock market. However, if my advice of June 19, 2015 was followed, you are now 100% in cash in your tax deferred accounts. My present advice to you: Remain patient and sit on the sidelines until it is safe to reenter the fray.

I will let you know when it is safe to go in the water. Now is not the ideal time to leave the safety of 100% cash. Have a good night's sleep


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

A Florida State University theater major is shocked because she cannot find a job, even after four years of searching for employment as a gorgeous Hollywood movie star



   Before your dreams can come true -- first, you must have dreams™                     
                           "Take To The Sky On A Natural High"


Thursday, August 27, 2015
A second-in-a-row super-day on Wall Street: Dow adds 369 points


Greg Robb: The U.S. economy looks much stronger after upward revision by the Commerce Department of the Nation's GDP data

CNN Money: China's shrinking appetite for copper is actually killing jobs in America


Mark Shenk: The price of oil has taken its largest single day leap upwards in three years, due to faster growth in the U.S.


CNBC: What West Texas -- Permian Basin -- drillers are saying about $40 oil




Surprise everybody!   Donald Trump thinks the U.S. should tax the rich more -- GOP supporters are shocked silly

A Presidential candidate discusses the issues:  "It's my hair, I swear"


      
                                          
                                             
"Hello Stranger"

Wednesday, August 26, 2015
Today, the bulls ruled Wall Street: The Dow soars 619 points on huge volume, clocking in the largest single day of gains in four years

Today's market rally still leaves the S&P 500 $1.4 trillion in the red


CNN Money: Dow zooms up 619 points and marls the third biggest point gain ever


MSN Money: Stocks post historic rebound on stimulus hopes


CNBC: Stocks are ready for more rock and roll


Tomi Kilgore: The stock market rally looks like a dead cat bounce


Retail gas prices are set to drop below $2.00 before Christmas, for the first time since 2009


Treasury yields climb in tandem with the upward explosion in equities on the American exchanges


Ellie Ismailidou: The corporate bond market foreshadowed a stock market rout.
  Yes, Ellie, hindsight is always 20/20

Brent Arends: Why I'm throwing money at the stock market


Jim Rogers: Do not rule out a bull run in commodities -- it's all about supply and demand


CNN Money: How the China contagion has rippled across the globe


CNN Money: The Chinese stock markets have extended their losing streak to five days

Sue Chang: Analysts dismiss fears of a hard landing for the financial markets in China


Matthew Lynn: Forget the Dow and Wall Street, we're all playing the Chinese stock markets now

                  What is wrong with the global stock markets?
                                           Answer:
           No tree has ever grown tall enough to touch the sky™

         The two really difficult questions are as follows:

   Why is it that so few "experts" in the financial industry saw this coming?
Why are so many "experts' today claiming that no one can time the market?
 

        
***********************************************************************
                        
                          
A Trip Down Memory Lane
                        Investment advice from Walter Lewis,
    given to the public
for free on this website on June 19, 2015  


                              Investment Advice Alert
Take a bow, President Obama. You advised Americans to stay invested in Wall Street stocks back in March, 2009, and that was exactly the right thing to do, even though, at that time, the President was savagely criticized by virtually all the right-winger media commentators.

It was alleged that President Obama was being totally imprudent and un-Presidential for giving stock market advice to the American people, even though it was a time of National economic crisis.
 

However, the fact of all matters is that no market continues upwards forever. There are many geopolitical factors, as well as foreboding financial trends at play. My estimation, at this point, is that a prudent family's tax exempt or tax deferred nest egg should be moved 100% into cash. A good night's sleep is more valuable than a few more points of profit on the Dow, or any other investment in the World's stock markets.

                                   You can lead a horse to water,
               but the difficult part is convincing that horse to drink™.

                It is always very difficult to walk away from a winner,
              but it's time to take profits and get a good night's sleep™


     
Instead of following President Obama's advice, many right-wingers choose to believe that the United States' economy would collapse under the incompetent leadership of the Kenyan community organizer. So the right-wingers choose to invest in gold as a hedge against a stock market that would soon suffer a 1929-style total crash, which would trigger the onslaught of crippling social unrest. 

     
The right-wingers were absolutely, totally, completely wrong.

People who bought into the "total collapse" theory of the right-wingers have lost up to 38.2% of their money -- if they actually followed the investment advice commonly heard over the last six years on talk radio and Fox TV -- that advice being to buy gold -- and non-perishable food items, along with all forms of ammunition for their firearms -- all as a hedge against the definite, upcoming total collapse of the American and World economies and civilization.

    August 23, 2011: Gold hits $1,917.90 an ounce, an all-time high 

         June 18, 2015: Gold's spot price in New York -- $1,185.10

Those Americans who followed President Obama's advice have gained an investment return of as much as 181.2% since March, 2009, one of the best investment performances ever in the three centuries' long history of trading on the New York Stock Exchange.


            March 6, 2009: Dow Jones Industrial touch 6,443.27

      
    
June 18, 2015: Dow Jones Industrial close trading at 18,115.84

   Does anyone in the right-wing media want to argue about these numbers?™

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Fed at a Crossroads: A recent conversation with Federal Reserve Governor Jerome Powell and Jon Hilsenrath of the Wall Street Journal

  Who is Jerome H. Powell? Not at all a household name. Mr. Powell is one of the Governors of the Federal Reserve Bank. He believes that interest  rates in the United States should be raised in September and then again in December. 

Mr. Powell, who previously served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, is trying to torpedo the Obama Administration's economy, and he is willing to jeopardize the World's financial well-being in order to cripple the chances of a Democratic Party victory in November, 2016.

Wake up, all you Sociology majors working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration Sociology majors know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness -- to put it mildly -- in global stock markets, plus, the huge downslide that has taken place in the Asian equity markets, while keeping in mind the size of our National debt and the Federal Reserve's almost incomprehensible balance sheet -- the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest rates in the United States.

Mr. Powell knows all about the above list of factors, but, when it comes to matters of international finance and the interaction with election politics, always remember the age-old axiom:

                                
There is no one more blind
                     than the person who does not want to see™




Daily Mail: ISIS releases pictures of an attack on the"nests of fornication, vice and disbelief in God", as the ISIS fighters recently killed 38 people and warned that the "worse is to follow"

Fox News: Beach massacre gunman reportedly told Tunisians to flee during massacre on Mediterranean beach.  

                     


ISIS is reminiscent of the Maji Maji Rebellion of 1905:  An army fueled by the belief that its religion would turn the impossibly negative military odds into a magical victory for the believers. This is a belief system of losers -- a belief system that ISIS adopted from the late organization known as Al Qaeda.

One day an Islamic organization will emerge that will adopt the belief system of a winner -- such as the Viet Cong -- and be smart enough to realize that violent attacks inside North America and Europe are ignorant, ultimately fruitless and powerfully counterproductive.

When a Western power finally does get fed up with ISIS's brand of attack, the ISIS forces will fall even more quickly than the Taliban in Afghanistan in 2001 or the Iraqi army in 2003 or 1991.

The problem, however, is exemplified by a quotation of Ho Chi Minh, who stated back in the 1960's: "The Vietnamese people will fight from this generation to the next", until victory is achieved. That yearning for victory exemplifies the long-run problem confronting America and Europe.   What's next after ISIS?  A better educated, shrewder, wiser opponent, that will learn from ISIS's mistakes?   It's highly probable

         Realism is needed as the alternative to 100 years of warfare. 

                                 Realism starts with the truth™ 
                                           


  The writing is already on the wall -- When will it be undeniable -- November 7, 2016?

Business Insider: Democrats are giving away tickets to Hillary Clinton's speaking events, in an attempt to fill large venues and continue the illusion that Mrs. Clinton has a snowball's chance in hell





MSNBC's Rachel Maddow's extensive review of Donald Trump's press conference in which Jorge Ramos engages The Donald in more detail than any other media interviewer in the campaign so far


           Really, Mr. Trump -- you consider that to be "screaming"?

   
                                          
                                              "Hypnotized"


Tuesday, August 25, 2015
Today's trading on Wall Street was volatile to say the least, as all the averages started the day solidly in positive territory, but the Dow closed at a loss of 205 points, extending the carnage that has swept relentlessly through global equity markets over the course of a week

                                   It is only after the sun sets,
       that you can say how the trading day went -- not at noontime


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 opens 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  

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 most Western nations are practically incapable of doing what China has just done in an effort to stabilize the 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.

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheerleading 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". 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



The price of gold fell  slightly -- 0.5% --  yesterday to a level of $1,153.60 --  along with prices of other precious and industrial metals, during the rout in stocks.   So much for the myth of safe haven sanctuary in the precious metals during times of financial crisis


Gold's slide continued today on the Comex -- to $1.136.40 -- due in part to the strength of the dollar after China's intervention moves stabilized stocks around the world



                        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 2016 Chinese solar-powered community
       This artist conception looks like a page taken from a science fiction novel

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, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, 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 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, legal 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 Chinese people. I felt that humanity had taken a giant leap forward, and all people would profit from the new, more friendly relationship between the United States and China.

Plunging share values continued overnight in Asia, as the Shanghai Composite Index crashed another 7.63%, the Shenzhen fell a stunning 7.06% and the Nikkei slipped 3.96%, over the course of the day's trading, while investors slept in North America

At around 3:00 AM, New York time, the Dow futures pointed to a rise at the opening following yesterday's historic rout on Wall Street

              
                                      The New York Stock Exchange
       located at the corner of Wall Street and Broad Street, in New York City



                               
                              
                                 "Don't Have To Shop Around"                            

                                                             "Studio Version"


Monday, August 24, 2015
After an historic 1,089 plunge near the opening, the Dow finished the day with a loss of 588 points, as the anxiety level among global investors surges to record levels. In fact, the losses over the last three trading days are the worst in the history of the New York Stock Exchange, and the drastic plunges in stock values were replicated all over the globe


Wall Street opens with an historic gap down. The Dow was off more that 1,089 points several minutes after the open, but stocks did recover most of those losses after an hour -- but the Dow was still at a loss of more than 355 points after 80 minutes of trading

Market Watch: The devastating plunge on Wall Street continued overnight, as the European markets were sucked into the malestrom, and the Dow Industrials futures show a loss of 600 points an hour before the opening of Wall Street. The entire investing world is holding its breath, because the futures indicate that the opening may be the largest gap down in market history


Asian equity markets tumble again in overnight trading, reaching new multi-year lows. Many eyes are on the Korean peninsula, as well as the losses in China

CNN Money: China's stock market crash -- the reasons summarized

Steve Goldstein: What we don't know about the Fed's plans for its September meeting exceeds what we do know


Wallace Witkowski: This might be the correction investors are looking for. 

CNN Money: Looking at a sea of red -- What's going on with stocks?

Kathleen Elkins: How to buy a house you can afford in nine steps




Wall Street Journal: Joe Biden is leaning towards a 2016 run for the Presidency, despite the fact that, in this election cycle, the voters have clearly indicated a desire for candidates who come from a life other than that of a career politician 
             


         Spencer Stone      Anthony Sadler      Alek Skarlatos
                                       
                                    
American Heroes



         Just how much media coverage is Donald Trump getting?



                   Ovan Lake of the Arburz range, Qazvin province, Iran

New York Times: An assessment of the future risks associated with the proposed Iran nuclear deal, from the viewpoint of authors who are trying to kill the agreement as quickly as possible 


Of course, Israel does not need to be bothered with nuclear inspectors since 1969 or assessments of agreements with the United States or other major powers, despite threatening the immediate use of nuclear weapons against Cairo, Egypt during the Yom Kippur War in 1973

             Dimona: The Israeli Negev Nuclear Research Center



                                                    A tribute to Whitney Houston

Sunday, August 23, 2015
Wall Street Journal: Five things that investors should not do at this point -- not now, its too late

My Way: Vice President Biden consults with Senator Warren as he mulls a Presidential bid in 2016

Jeff Greenfield:   Barack Obama, at this point in his term, finds his party in the worse shape since the Great Depression. Sadly, the numbers speak for themselves -- and the picture is not bright.  


                              Thinking outside the box
           regarding Presidential material in the Democratic Party

       
                                              Mary T. Barra
               Chief Executive Officer, General Motors Company

                  Ms. Barra would make a great President in 2017

Ms. Barra's life story -- a young, real, tough, honest, intelligent, business savvy, globally experienced and accomplished executive

Wall Street's nasty drop has stock watchers chattering nervously around the globe over the weekend


Donald Trump is no fan of Politico -- which goes out of its way to distort the truth --  but he does like the Washington Post



                                             "Talking Body"

Saturday, August 22, 2015
Washington Post: Donald Trump's audacious Southern spectacle is part of his reality TV campaign strategy -- now with a crowd of 20,000


Joseph Adinolfi: Survey shows that fund managers are holding the most cash since the collapse of Lehman Brothers in September, 2008

Mr. Adinolfi's article is interesting. So, if a person suspects a major financial calamity, then safeguarding 5% of your money is adequate?  What a joke. These fund managers have no faith in their own forecasts. If there is going to be a calamity, the prescient person would be either 100% in cash in order to safely weather the storm, or fully invested in a manner to profit handsomely from the crisis.
                      
       
                                   Do you recognize this man?
         He is the Fox News political commentator equivalent of the white guys
                        who used to play against the Harlem Globetrotters.
      He is brought into a Fox News debate specifically in order to be the loser


Friday, August 21, 2015
Dow plunges 531 points as anxieties grow concerning global growth


Brent Arends: Dow 5,000? Yes, it could happen. However, this article is not to be considered a prediction

Market timer -- and chartist -- Tom McClellan forecasts that Wall Street is set up for an ugly decline over the rest of the year

William Watts: This selloff is about China and the emerging markets -- with a dash of the Fed


    
      First, ebola!! -- and now -- anchor babies!! The horrors!! Trump to the rescue

          What rights does the 14th Amendment grant and to whom?

Amidst all the hyperbole about Obama's weakening of America -- here's some truth: The F-35 stealth fighter -- only a fool would fight against something that's shooting 3,000 bullets per minute



                                   "Inseparable"

Thursday, August 20, 2015
Wall Street hit with the biggest losses of 2015: Dow plunges 358 points, with the worst decline in late trading


Market Watch: The venerable Dow Theory just flashed a sell signal


Gold climbs following a dovish statement from the FOMC and falling equity prices

Cullen Roche: The Federal Reserve would be nuts to raise interest rates in September

Washington Examiner: Trump's platform may boost focus on legislation ending birthright citizenship

Sean Hannity interviews Mark Levin on the subject of birthright citizenship under the 14th Amendment

Jamelle Bouie: Trump's astonishingly cruel immigration plan is drawing rave reviews from the GOP


             Only a propagandist would do the following:

        Build an argument upon an undefined "that""You didn't build that."

       Build an argument upon an undefined "this": "On many occasions, the          President has said that he cannot do this with respect to immigration."

     Every propagandist relies on this observation regarding human beings:
      There is no one more blind than the person who does not want to see™ 


Recently, Fox News and right-wing talk radio spent a good deal of time claiming that President Obama has, in the past, repeatedly admitted -- on 25 occasions -- that he cannot issue an executive order regarding immigration. On cue, dozens of excerpts were aired from past speeches of the President in which he stated that he cannot change the immigration laws. 

The effort by the right-wingers was aimed at establishing the notion that the President was either an idiot, a hypocrite or a liar.

However, these media failed to point out that the President -- in those past speeches -- was alluding to the fact that by executive order he could not permanently effect a change to an immigrant's status. He could not do "this" -- "this" being to make a permanent change.  

The President has never in the past stated that he was powerless to effect temporary changes in a population's status through executive orders based on prosecutorial discretion. And in keeping with reality, the duration of the 
recent executive order is only to the end of President Obama's term in office. Obama's successor can rescind the executive order with a stroke of the Presidential pen on January 20, 2017.

Wednesday, August 19, 2015
Dow gives up a loss of 163 points as the price of oil finds a new 6-1/2 year low and the market reviews the most recent Federal Reserve meeting minutes


Former Federal Reserve Chairman Alan Greenspan warns of a pending bubble in the U.S. bond market

     

                            The history of Planned Parenthood

      Margaret Sanger: Planned Parenthood's controversial founder

The Hollywood Reporter: Has Donald Trump enlisted the whole population of the United States into a TV reality show?



Remember him? You may not recognize him since he's not smiling. This is John Edwards. He ran for President in the Democratic Party primaries in 2008, despite the fact that he had just fathered a child out of wedlock, while carrying on an affair with a woman during a time when his wife struggled with terminal cancer. He kept that scandal a deep secret from his supporters.

If Edwards had won the nomination in 2008, or if he had been selected as the nominee for Vice President, it would probably have sank the Democratic Party in the 2008 elections. That means this would be the case:  The Democrats would not currently hold the White House. That reality did not stop Edwards from running and duping his supporters into thinking he was the right man to vote for to become the next President of the United States.

Tuesday, August 18, 2015
Dow loses 34 points, as a short winning streak on Wall Street came to an end today


                   
                                  It must be hard to walk away

Real Clear Politics: Judge Andrew Napolitano addresses Hillary Clinton's potential criminal liability under American espionage laws

Daily Mail: Today's chapter on the Hillary Clinton emails question

                             
There is no one more blind than
                        the person who does not want to see™

Brent Arends: Trump's proposed tax plan would save his family billions of dollars


Bill O'Reilly questions Donald Trump on issues concerning immigration, a border fence, the Fourteenth Amendment and mass deportation

                        
                                 A walk down Memory Lane
A huge number of American media commentators want you to feel that Iran is evil incarnate. And these same commentators ignore the full history of Iranian/American relations stretching back to 1953 -- to the American overthrow of the democratically elected Iranian Prime Minister Mohammad


Monday, December 14, 2015
Dow gains 103 points, at the close of a volatile trading session, in response to an increase in the price of oil and optimism regarding the effects of Wednesday's Fed action


Before the opening on Wall Street, stock futures give up modest gains and turn negative, as the price of oil falls below $35 per barrel

Asian markets saw significant losses overnight as investors around the globe became even more concerned over falling oil prices, a growing trepidation in the junk bond sector and the probable Federal Reserve rate hike on Wednesday.  The yuan has hit a multi-year low, as the Chinese central bank implies that the yuan should be pegged to a basket of currencies rather than solely to the dollar

France's center-right Les Republicains party has taken the lead in the country's second round of regional elections


CNBC: The excitement this week will be all about the price of oil and the Federal Reserve's action on interest rates

       Please take note of my December 2, 2015 investment advice:
Now is the time to be 100% in safe U.S. cash in tax-deferred accounts

                           
                            
   Beware of smiling wolves and financial firms predicting 10% market gains in 2016

Barron's: The mean forecast from a slate of well-known market prognosticators indicates that the S&P 500 will see an increase of 10% -- to 2,220 -- during 2016. The financial experts also forecast a Fed funds rate of 1.25% to 1.50% by the end of 2016

Wallace Witkowski: "The Fed Awakens" is expected this week amid a volatility spike

Shawn Langlois: Wednesday may be the day that the equities market bubble finally bursts


Jim Cramer: Distressed debt has me distressed

Patti Domm: The price of oil and prospective Fed action are wildcards for the week ahead


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A Trip Down Memory Lane
                                         August 26, 2015

Fed at a Crossroads: A recent conversation with Federal Reserve Governor Jerome Powell and Jon Hilsenrath of the Wall Street Journal

  Who is Jerome H. Powell? Not at all a household name. Mr. Powell is one of the Governors of the Federal Reserve Bank. He believes that interest  rates in the United States should be raised in September and then again in December.  

Mr. Powell, who previously served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, is trying to torpedo the Obama Administration's economy, and he is willing to jeopardize the World's financial well-being in order to cripple the chances of a Democratic Party victory in November, 2016. 

Wake up, all you Sociology majors working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration Sociology majors know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness -- to put it mildly -- in global stock markets, plus, the huge downslide that has taken place in the Asian equity markets, while keeping in mind the size of our National debt and the Federal Reserve's almost incomprehensible balance sheet -- the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest rates in the United States. 

Mr. Powell knows all about the above list of factors, but, when it comes to matters of international finance and the interaction with election politics, always remember the age-old axiom: 

                                 
There is no one more blind 
                     than the person who does not want to see™

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The sum of $320 billion is about to disappear from the budgets of the world's major oil companies


The three big polluters that the Paris accord will not touch, namely: airplanes, shipping and agriculture


Fox News: Secretary Kerry admits that the Paris climate agreement has no sanctions for bad actors


                                 



           It's time for a serious debate -- without name-calling
                     Is the planet's climate changing?
                                        Is man the cause?
                              Those are two separate questions

Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?
                              
Summary of issues surrounding the Keystone XL pipeline

 
National Aeronautics and Space Administration:  Global climate change -- vital signs for the planet

The Economist: Climate science is a sensitive matter

Phil Plait: The Arctic ice death spiral.   There is no denying the fact

Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again recently, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

Is the Limbaugh assertion true?





                           It's a beautiful planet.  Let's keep it that way 

 
                                                 "You And I" 


                                      "Night Vision"   

                                    
"Acquainted With The Night"

                                                "Quiet Passion"


Sunday, December 13, 2015
Upsetting Donald Trump's apple cart: Senator Cruz soars to the head of the GOP pack in Iowa, as Trump's support flattens

DoubleLine Capital founder Jeffrey Gundlach: The high-yield debt meltdown is "so similar to 2007"


Myra Saefong: Four reasons why the price of crude oil is once again in a nasty death spiral


    Claudio Borio of the Bank of International Settlements: The World is defenseless against the next financial crisis, because of today's low interest rates.     WOW, we better raise interest rates right away!!    RIGHT AWAY BEING DECEMBER 16TH!!

                          Simply put, Claudio Borio is delusional


Good news for the 99%, and even better news for the 1%.  Everybody got good news in this study composed by Professor Emmanuel Saez

           Simply put, Emmanuel Saez reaches incorrect conclusions




            Evil Incarnate (according to the right-wingers) -- The Devil's Army of Iran



  More scary, fun stuff about Iran -- the evilest country in the Mideast

A huge number of American media commentators want you to feel that Iran is evil incarnate.   And these same commentators ignore the full history of Iranian/American relations stretching back to 1953 -- to the American overthrow of the democratically elected Iranian Prime Minister Mohammad Mosaddegh

  But first, a commercial break: Lower taxes for rich people are needed ASAP




Frequently, Sean Hannity proclaims on his nationwide radio show that in the United States the top 1% of wage earners pay 25% of the Federal income tax each year. That is a true statement.

With only that item of information, a person might conclude that our tax system is grossly unfair.  Hannity's point is that the rich are overtaxed. However, what Hannity fails to add is the fact that the top 1% of wage earners in the United States are paid approximately 25% of all the income earned in the country each year. With that additional fact, the specter of tax burden unfairness evaporates.

Sean Hannity is a Propaganda Boy, as exemplified by his recurring failure to tell the whole truth concerning Federal tax policy.
  

                                 Now, back to the story about the evil nation of Iran

Misleading the public is the typical pursuit of Propaganda Boy Sean Hannity. Take for example a lie that Hannity has repeated over and over again for years about Iran:
         
                     "Iran has said it will wipe Israel off the map"

The clear implication of this statement is that Iran intends to use a nuclear weapon to obliterate Israel -- to wipe Israel off the map.
 
Hannity is joined in this dire proclamation of Iran's intentions by Rush Limbaugh, Fox News, MSNBC, the Obama Administration, all the Republican Presidential candidates and the entire universe of right-wing talk radio, as well as large segments of the print media.

However, there is a problem: No top Iranian official has ever threatened to obliterate Israel with a nuclear weapon or any other weapon of mass destruction. The meme "Iran has said it will wipe Israel off the map"
-- as an implication of an Iranian nuclear attack -- is a figment of propaganda that was created in 2005 by Israel and factions within the U.S. government and Western media bent upon attacking Iran and replacing its present form of government.

In other words, the entire premise of the "Iranian Nuclear Weapons Boogeyman" is abject fiction. Please read this summary of how this propagandistic line of slander was created following a speech given in 2005 by Mahmoud Ahmadinejad at the World Without Zionism Conference in Tehran. 

Washington Post: Did Ahmadinejad really say that Israel "should be wiped off the map"?

Clearly, the expression "wipe Israel off the map" is intended by the Iranians to describe the collapse of the Jewish State of Israel through the democratic process, probably through the immigration into Israel of a non-Jewish majority, and definitely not by means of some Iranian nuclear weapon of mass destruction where the country would be obliterated and its people would be butchered.


But what about that chant of "Death to America"?   Is the real translation actually "Down with America"? Maybe, but the fact is the Iranians have been chanting that for years and they haven't tried to kill us yet. They used to chant "Death to the Soviet Union"

It is illustrative that the Ayatollah Ruhollah Khomeini has on repeated occasions referred to the fact that the Soviet Union was wiped off the map in 1991 and replaced with a new government in the form of the Russian Federation.


                        Why has this slander taken root so deeply
                            in the United States and Europe?

 
                                                             Answer:
                       There is no one more blind than the person
                                    who does not want to see™


Meanwhile, Israel has maintained a clandestine nuclear weapons program for decades, in total disregard of the internationally recognized Nuclear Non-Proliferation Treaty.

Furthermore, Israel almost certainly threatened Egypt with the use of nuclear weapons against Cairo, a city populated by millions of people, during the 1973 Yom Kippur War, when five Egyptian army divisions crossed the Suez Canal and were about to gain control of the Sinai Peninsula -- even though the Sinai Peninsula was not even a part of Israel.

                          The absolutely, ludicrous irony:
Israeli and American officials routinely threaten to inflict a devastating attack on Iran, and U.S. officials routinely indicate that there would be no objection by America to such an attack on Iran by Israel alone.  Why?  "Because monstrous, homicidal, radical Muslim terrorist, crazy, savage, lying, backwards, election-rigging, proxy-fighting Iran is always threatening to wipe Israel off the map."


 Everybody knows about evil Iran. Absolutely everybody. So don't be a dummy


                                           



                                          
"Tears In The Rain"

Saturday, December 12, 2015
195 nations approve a landmark climate accord in Paris that will require nearly every country to cut its greenhouse gas emissions



Here is where the United States sent $35,000,000,000 in aid during 2014. The money was distributed into 142 separate countries

          President Obama,
January 27, 2014: ". . . ISIS is the JV team . . . ."
                  The President's words will be quoted by his critics
            as if they were uttered just yesterday, from now until eternity


ISIS is reminiscent of the Maji Maji Rebellion of 1905:  An army fueled by the belief that its religion would turn the impossibly negative military odds into a magical victory for the believers. This is a belief system of losers -- a belief system that ISIS adopted from the late organization known as Al Qaeda.

One day an Islamic organization will emerge that will adopt the belief system of a winner -- such as the Viet Cong -- and be smart enough to realize that violent attacks inside North America and Europe are ignorant, ultimately fruitless and powerfully counterproductive.

When a Western power finally does get fed up with ISIS's brand of attack, the ISIS forces will fall even more quickly than the Taliban in Afghanistan in 2001 or the Iraqi army in 2003 or 1991.

The problem, however, is exemplified by a quotation of Ho Chi Minh, who stated back in the 1960's:
"The Vietnamese people will fight from this generation to the next", until victory is achieved. That yearning for victory exemplifies the long-run problem confronting America and Europe.   What's next after ISIS?  A better educated, shrewder, wiser opponent, that will learn from ISIS's mistakes?   It's highly probable

          Realism is needed as the alternative to 100 years of warfare

                                 Realism starts with the truth™ 



Have you ever read anything about ISIS that was actually written by ISIS, rather than ISIS's enemies? The opportunities are rare in the United States


Rebellion and Authority: An Analytic Essay on Insurgent Conflicts, by Nathan Constantin Lietes and Charles Wolf, Jr.   This essay answers the question of why ISIS beheads its captives, without ever mentioning the edicts of the Holy Koran


Mirror: ISIS releases chilling new "end of world" video showing final battle with "the crusaders".  The videos are not even translated into English; I hope you speak Arabic, because if you can't, you will not know what on earth they are saying.  I suspect that was the Mirror's intention


          Another complicated and important issue -- International Trade



    Summary of the Trans-Pacific Strategic Economic Partnership Agreement

                           Not just wrong -- absolutely wrong
A trip down Memory Lane: Over three years ago, President Obama and many of the media's liberal commentators insisted that any increase in drilling for oil in the United States -- such as through fracking -- would have only a negligible impact on gasoline prices in America.  Here is an example of that foolish rhetoric and commentary.

The Obama Administration was absolutely wrong -- witness the present level of gasoline prices at just 60% of the price of 2012This should be grounds for a total reassessment of the President's staff of economic advisers. Mr. Obama needs new people in those positions -- people who actually understand commodities, and specifically the complex nature of international oil markets. 

                               Why did Solyndra go bankrupt?
 
 


                      Artist conception of a 2016 Chinese solar-powered community
            This artist conception looks like a page taken from science fiction 

 
 Why did Solyndra go bankrupt?

Solyndra failed because China developed a superior solar panel technology in a government-subsidized development program at the cost of over $30 billion dollars

It is ironic that the collapse of Solyndra is being touted by critics of the Obama Administration as evidence that the U.S. government should not subsidize private enterprise, since governmental green energy subsidies lead to nothing but failure, according to the right wingers.    The proponents of the right-wing theory purposefully overlook the fact that it was a government-sponsored development program that catapulted China's success in the solar technology field

                      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 from Islamic radicals -- used $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. And China was able to develop this technology because of research grants to its private industry from the Beijing government. Gee, 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. Most people are also unaware that during the Great Depression of the 1930s, China was the only major economy in the world that did not slip into depression, a fact that is a testament to the conclusion that China's theories on economic and financial policy are something that the West should seek to emulate.


China pledges $60 billion to the development of African economies. The Chinese government will also cancel during 2015 some loans owed by Africa's least developed countries
 

 The Chinese approach to the African nations was simple and direct:
                             "We were never your oppressors."





                                        "All Eyes On You"

                                               "No Love"

Friday, December 11, 2015
Dow plunges 310 points under the influence of bearish oil prices, despite a flurry of otherwise positive U.S. economic data

                  This week's market action is a very bad sign

Treasury yields post their largest one-day drop in five months


Stocks are more overvalued today than in either of the market peaks of 2000 and 2007



Obama and Congress avert a government shutdown, and focus on taxes and spending


The Hill: Most GOP voters see Donald Trump as the most likely winner of their party's nomination


WSJ/NBC poll: Most Americans oppose Trump's Muslim ban plan


The FBI is investigating a fire at a mosque in Coachella, California, and there have been  a number of other incidents around the country over the last week




                       It's a great day to be away from Wall Street


Thursday, December 10, 2015

Dow climbs 82 points and snaps a three-day losing streak

Oil settles under $37 for the first time since the recession


Three strategies for preparing your bond portfolio for a rate hike

Washington Post: The GOP is preparing for a contested convention

Whoops! Supreme Court Justice Antonin Scalia thinks that maybe black students belong at "less-advanced" schools


Pew Research Group: Muslims are the fastest growing religious group in the world, and 70% of the Muslims who emigrate to America become Democrats. To some people this information is terrifying news



                                                "Angel"
                                             
                                                "Fragile"


Wednesday, December 9, 2015

Dow sheds 76 points for a third straight day of losses.   Most market commentators are blaming the falling price of oil


Asian stock markets continue to fall despite upbeat economic data

Citigroup: Seven warning signs for stocks in 2016


Copper, aluminum and steel have collapsed to crisis levels


Daniel Goldstein: Four real estate trends we'll see in 2016


Market Watch: America's middle class has lost nearly 30% of its wealth, although there are more middle class families


  Crazy Talk: Putin raises the possibility of using nuclear weapons against ISIS. This article was a headline on the Drudge Report

The reality: Russian fighters are joining ISIS in record numbers


              Interesting -- Russia, on this issue, is part of the West
 



Rush Limbaugh's defense of Donald Trump's plan regarding Muslim's being banned from the United States




                       Wild Card - FBI Director James B. Comey, Jr.

The Hill: President Obama is not being briefed on the course of the FBI investigation regarding Hillary Clinton's handling of classified information


                 What will the Democratic Party do if Hillary is indicted?


Remember him? You may not recognize him since he's not smiling. This is John Edwards. He ran for President in the Democratic Party primaries in 2008, despite the fact that he had just fathered a child out of wedlock, while carrying on an affair with a woman during a time when his wife struggled with terminal cancer. He kept that scandal a deep secret from his supporters.

If Edwards had won the nomination in 2008, or if he had been selected as the nominee for Vice President, it would probably have sank the Democratic Party in the 2008 elections. That means this would be the case:  The Democrats would not currently hold the White House. That reality did not stop Edwards from running and duping his supporters into thinking he was the right man to vote for to become the next President of the United States.



        Ex-Guantanamo detainee is now an al Qaeda leader in Yemen


Tuesday, December 8, 2015

Dow falls 163 points under the weight of falling oil prices, along with lower values for Treasury yields, gold and the dollar


The House tightens controls on visa-free travel to the United States




New York Times: The United States seeks to avoid the ground war
sought by ISIS.  This is a very interesting theory


In 2013, 23 Americans were killed by lightning strikes, a much lower figure than the record high of 432 deaths recorded in 1943


                     Is the fear of lightning ruining your life style?
 
                  Should the President give an Oval Office address
                  on lightning as an existential threat to our Nation?


Monday, December 7, 2015

Dow falls 117 points, but things could have been substantially worse


Deteriorating junk bonds flash warning signs for stocks


New York Times: Donald Trump calls for banning Muslims from entering the United States


Rachel Maddow's coverage of Donald Trump's position on Muslims


                    Chris Jansen's interview with Saria Khan

   Donald Trump thinks Saria Khan is a mass murder co-conspirator.
          Trump says she is an obvious liar and should be deported
   How does Trump know this? Easy, he's brilliant and she's Muslim

Big talk from the GOP,  but not one vote on the fight against ISIS



Question: Over the past 16 months, how many people within ISIS territory have been killed by Western -- mostly American -- airstrikes?
                          
Answer: Approximately 23,000 people

                             President Obama's critics characterize
 this body count as "doing nothing" or "handling ISIS like they're criminals"

                       Summary of military intervention against ISIS

Doing nothing? ISIS's territory is about the same size as Britain. Imagine, in a country the size of Britain, there are usually at least 16 huge explosions daily -- from 500 pound bombs, that have killed approximately 23,000 people over the last 16 months.  Bombs and missiles that oftentimes come out of the clear blue sky, with no warning whatsoever.


Sunday, December 6, 2015

   New York Times: President Obama's address from the Oval Office

                                          The President's Address

Sent:
 Monday, December 07, 2015 at 3:46 AM
From: "President Barack Obama" <info@mail.whitehouse.gov>
To: walterlewis@gmx.com
Subject: We Will Prevail Against ISIL -- Here's How:

Tonight, I addressed the nation from the Oval Office on my top priority as President: Keeping the American people safe.

It weighs heavily on the hearts and minds of all of us in the wake of the terrible tragedy in San Bernardino. Fourteen Americans -- dads, moms, daughters, sons -- were taken from us as they came together to celebrate the holidays. Each of them a public servant. All of them a part of our American family.

The FBI is still gathering the facts about what happened in San Bernardino, but here is what we know. We have no evidence that the killers were directed by a terrorist organization overseas, or that they were part of a broader conspiracy here at home. But it is clear that these killers had embraced a perversion of Islam, stockpiled assault weapons, and committed an act of terrorism.

Our nation has been at war with terrorists since al Qaeda killed nearly 3,000 Americans on 9/11. Since then, we've hardened our defenses. Our intelligence and law enforcement agencies have disrupted countless plots and worked around the clock to keep us safe. Our military and counter-terrorism professionals have relentlessly pursued terrorist networks overseas -- disrupting safe havens, killing Osama bin Laden, and decimating al Qaeda's leadership.

But over the last few years, the threat has evolved as terrorists have turned to less complicated acts of violence like the mass shootings that are all-too common in our society. For the past seven years, I have confronted the evolution of this threat each morning. Your security is my greatest responsibility. And I know that, after so much war, many Americans are asking whether we are confronted by a cancer that has no immediate cure.

So, tonight, this is what I want you to know: The threat of terrorism is real, but we will overcome it. We will destroy ISIL and any other organization that tries to harm us. Here's how:

First, our military will continue to hunt down terrorist plotters in any country where it is necessary, using air strikes to take out ISIL leaders and their infrastructure in Iraq and Syria. And since the attacks in Paris, our closest allies – France, Germany, and the United Kingdom – have ramped up their contributions to our military campaign, which will help us accelerate our effort to destroy ISIL.

Second, we will continue to provide training and equipment to Iraqi and Syrian forces fighting ISIL on the ground so that we take away their safe havens. In both countries, we are deploying Special Operations forces who can accelerate that offensive.

Third, we are leading a coalition of 65 countries to stop ISIL’s operations by disrupting plots, cutting off their financing, and preventing them from recruiting more fighters.

Fourth, with American leadership, the international community has established a process and timeline to pursue cease-fires and a political resolution to the Syrian civil war. Doing so will allow the Syrian people and every country to focus on the common goal of destroying ISIL.

That is our strategy -- designed and supported by military commanders, counter-terrorism experts, and countries committed to defeating these terrorists. And we constantly examine further steps needed to get the job done. That is why I have ordered the Departments of State and Homeland Security to review the visa program under which the female terrorist in San Bernardino originally came to this country. And that is why I will urge high tech and law enforcement leaders to make it harder for terrorists to use technology to escape from justice.

Here at home, we can do more together to immediately address this challenge.

To start, Congress should act to make sure that no one on a No Fly List is able to buy a gun. What possible argument can be made for allowing a terrorist suspect to buy a semi-automatic weapon? This is a matter of national security. I know there are some who reject any gun safety measure, but no matter how effective our intelligence and law enforcement agencies, we cannot identify every would-be mass shooter. What we can do, and must do, is make it harder for them to kill.

Next, we should put in place stronger screening for those who come to America without a visa so that we can know if they've traveled to war zones. And finally, if Congress believes, as I do, that we are at war with ISIL, then it should vote to authorize the continued use of military force against these terrorists.

This is what we should do. But I’d like to also say a word about what we should not do.

We should not be drawn once again into a long and costly ground war in Iraq or Syria. That’s what groups like ISIL want. We also cannot turn against one another by letting this fight become a war between America and Islam. That, too, is what groups like ISIL want. ISIL does not speak for Islam. They are thugs and killers, and account for a tiny fraction of more than a billion Muslims around the world who reject their hateful ideology.

If we are to succeed in defeating terrorism, we must enlist Muslim communities as our strongest allies in rooting out misguided ideas that lead to radicalization. It is the responsibility of all Americans -- of every faith -- to reject discrimination. It is our responsibility to reject religious tests on who we admit into this country. It is our responsibility to reject language that encourages suspicion or hate. Because that kind of divisiveness, that betrayal of our values, plays into the hands of groups like ISIL. We have to remember that.

I am confident America will succeed in this mission because we are on the right side of history. Even as we debate our differences, let’s make sure we never forget what makes us exceptional: We were founded upon a belief in human dignity -- the idea that no matter who you are, or where you come from, or what you look like, or what religion you practice, you are equal in the eyes of God and equal in the eyes of the law.

Let’s not forget that freedom is more powerful than fear. That we have always met challenges -- whether war or depression; natural disasters or terrorist attacks -- by coming together around our common ideals. As long as we stay true to who we are, then I have no doubt that America will prevail.

Thank you,
President Barack Obama

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

                                                Syria in a nutshell

                
                                  A history of Bashar al-Assad

Friday, December 4, 2015
Dow soars 370 points, marking its largest gain in three months, after a strong jobs report and a dovish European Central Bank. Gold soars 2.32% on the COMEX

                     Is the U.S. stock market in a dead cat bounce?

OPEC hikes its production ceiling to 31.5 million barrels per day




The U.S. is literally running out of bombs to drop on ISIS.     How ironic, considering the meme regarding the Obama Administration's alleged lack of military action against the radicals


Thursday, December 3, 2015
Dow plunges 252 points in the worst sell-off in more than two months

The euro surged during trading to its largest daily move since 2009


Wednesday, December 2, 2015

Dow falls 169 points, which pushes the average into negative territory for the year


Short-term Treasury yields hit a 5-1/2-year high as Chairwoman Yellen indicates that a rate hike is on the table


West Texas Intermediate settles below $40, and Brent oil closes near a seven-year low


********************************************************************
                             Investment Advice Alert
If my advice of September 28, 2015 was followed, you are now 100% in equities in your global tax deferred accounts.

       My present advice to you: Withdraw from all equities markets                    around the globe in your tax deferred accounts
 
********************************************************************



Shooting in San Bernardino, California kills 14 people and wounds 17

                             Daily Mail: The San Bernardino story


Tuesday, December 1, 2015
Dow adds 168 points, despite a good deal of uncertainty on Wall Street regarding the Nation's macroeconomic outlook


The dollar fell today on weak data as well as dovish comments from the Federal Reserve


People's Bank of China Vice Governor Yi Gang: There will be no need to depreciate the yuan following the IMF's decision to include the yuan in its SDRs

   

China's official purchasing manager's index fell to a foreboding three-year low in November


Why stock market investors should not shrug off the weak manufacturing reports


        

Gold suffers its biggest monthly percentage drop since 2013 under the threat of a Federal Reserve rate hike following the Fed's December 16th meeting




The Hill: The FBI chief, James Comey, is the wild card in Hillary Clinton's race for the White House


Politico: Could an accident by Janet Yellen derail Hillary Clinton?



                         
                             

ABC News: U.S. Special Operations forces will have an expanded role against ISIS


Press TV:  Militia forces in Iraq will fight against any U.S. troops



Monday, November 30, 2015
Dow slips 79 points in the day's trading, leaving Wall Street with modest gains for November


This chart warns that stock market investors should be on high alert


Politico: Why the Paris climate deal is meaningless in the eyes of the true climate change believer


Russia Today: Russia claims it has proof that ISIS oil is routed through Turkey, despite President Erdogan's denial


Saturday, November 28, 2015



                                                
                                                  "Crazy"



Friday, November 27, 2015
Dow slips 15 points under the influence of falling oil prices and gains in the defensive stock sectors


The FBI is using elite surveillance teams to track at least 48 high-risk ISIS terror suspects in the United States

    
Did scientists just pick up the first discovered radio waves from a distant planet outside the Milky Way?


                   
                                    Alabama Shakes: "Sound and Color"

                                         
"I Ain't The Same"


Thursday, November 26, 2015


                                                     
                                                    
Happy Thanksgiving

Wednesday, November 25, 2015

Dow adds 1 point in the last day of trading before Thanksgiving break

Michael Gayed: The Fed is ready for higher interest rates.  Are you?

CNS News: The National debt under the Obama Administration has increased by $8,000,000,000,000 -- that's eight trillion dollars


Can the 1% really pay for the "free stuff" some Democrats want?


Daily Mail: The Russian pilot vows revenge for lost co-pilot following Turkey's shoot-down, and Russia deploys its long-range S-400 anti-aircraft missile system in Syria


Tuesday, November 24, 2015
Dow closes up 20 points following a rise in the price of oil, which lifts the value of energy companies


                                                Sukhoi SU-24 Fencer

NATO faces new Mideast crisis after Turkey shoots down a Russian jet and Syrian rebels destroy a helicopter and kill Russian personnel


Monday, November 23, 2015
Dow sheds 31 points under the weight of losses in technology stocks, telecoms and utilities




Donald Trump's racially charged rhetoric - such as Muslims cheering in New Jersey about 9/11 - present problems for the Republican party


Friday, November 20, 2015
Dow adds 91 points and the S&P 500 posts its largest weekly gain in nearly a year


FT Magazine: Satellite wars -- a new arms race in low Earth orbit


                       

Rush Limbaugh: The drive-bys lie and claim that Donald Trump wants to register all Muslims


              

Rachel Maddow: Donald Trump and Muslim databases present a developing controversy as to the meaning of the candidate's words

              
                                      Anita Datar lost her life in Bamako, Mali

Thursday, November 19, 2015
Dow slips 5 points as healthcare and energy sector stocks fall

                                  

Hillary Clinton presents an extensive outline of her plan to deal with terrorism, which includes significant departures from President Obama's announced policies


Donald Trump's poll numbers rise following the attacks in Paris


Wednesday, November 18, 2015

Dow soars 248 points on the Fed's signal that a December interest rate hike is on the table, despite European terrorism scenario


Russian air power strikes ISIS during the day, while American and French aircraft strike at night



                                 All vacations come to an end

Wednesday, September 30, 2015

Dow bounces upwards 236 points, as many sectors see strong gains on the day amid thin trading


Tuesday, September 29, 2015

Dow adds 47 points and the S&P 500 ends its five-day losing streak

Monday, September 28, 2015

The bears rule on Wall Street: Dow falls 313 points as biotech stocks plunge amid pricing concerns


************************************************************************************************************************************
                                 Investment Advice Alert
There is seldom a sanguine time to re-enter any volatile stock market. However, if my advice of June 19, 2015 was followed, you are now 100% in cash in your tax deferred accounts.

         My present advice to you: Re-enter the U.S. equities markets
 
************************************************************************************************************************************

Friday, September 25, 2015

Dow adds 113 points, but the biotech sector pulls the Nasdaq and S&P 500 into the red


Wednesday, September 23, 2015

Dow slips 51 points as oil loses ground and economic data from Europe and China disappoint investors

Tuesday, September 22, 2015

Dow falls 180 points under the pressure of a number of problems

Monday, September 21, 2015

Dow powers to a gain of 126 points, despite losses in the healthcare and biotechnology sectors


Victor Reklaitis: Goldman Sachs forecasts that the S&P 500 will reach 2,100 by year-end

Moody's Investors Service on Friday downgraded France's sovereign rating to Aa2 from Aa1, citing the continued weakness in the country's medium-term growth outlook

Alex Rosenberg: Are negative interest rates in America's future?


Two Americans are among six hostages freed in Yemen by the Houthis after months of captivity



Rush Limbaugh, in an attempt to defend Donald Trump, recently pointed out that "a sizable number" of Americans believe that the President is a Muslim.
  This would certainly be true regarding the  listeners of right-wing talk radio, such as the Rush Limbaugh Show, where you will hear the "evidence" revealing Barack Obama is a Muslim, such as the infamous 57 States slip-up of 2008.

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the United States.

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim. Or, at the very least, President Obama gets so tired at times that he says really, really dumb stuff.


Sunday, September 20, 2015

Tomi Kilgore: Occam's Razor says that the U.S. equities markets have turned into a downtrend


Michael Brush: Why the Federal Reserve's policies are driving the price of gold higher


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

Sent: Saturday, September 19, 2015 at 7:51 AM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: "Why on earth would Bernie go there?"

Bernie Sanders for President

Dear Walter,

Earlier this week I spoke at Liberty University. For those of you who do not know, Liberty University is a deeply religious institution. It is a school which tries to understand the meaning of morality and the words of the Bible, within the context of a very complicated modern world. It was founded by the Reverend Jerry Falwell, and the vast majority of people at Liberty strongly disagree with me, and perhaps you, about abortion, marriage equality, and other issues.

You might be asking yourself, "Why on earth would Bernie Sanders go there?" It is a fair question within the context of our modern politics.

I spoke at Liberty University because I believe that it is important for those with different views in our country to engage in civil discourse – not just to shout at each other or make fun of each other.

It is very easy for those in politics to talk to those who agree with us – and I do that every day. It is harder, but not less important, to try and communicate with those who do not agree with us and see where, if possible, we can find common ground. In other words, to reach out of our zone of comfort.

So I went outside of my zone of comfort. Watch this video of my remarks there and read what I have to say about the ideas of morality and justice as they relate to income inequality and other critical issues facing our nation.

The message I gave at Liberty University is that the moral choice is to fight income inequality, and that the just thing to do is to work to make our society more fair. Below are some of my remarks to Liberty from the video above, but I think it is important to share them with you here as well so that you can share with others how I approach these issues.

I am far, far from a perfect human being, but I am motivated by a vision which exists in all of the great religions – Christianity, Judaism, Islam, Buddhism and others – and which is so beautifully and clearly stated in Matthew 7:12. “So in everything, do to others what you would have them do to you, for this sums up the Law and the prophets.” The Golden Rule. Do to others what you would have them do to you. Not very complicated.

I told the crowd at Liberty University that I understand that issues such as abortion and gay marriage are very important to them, and that we disagree on those issues. I get that. But there are other issues out there that are of enormous consequence to our country and the world and that maybe, just maybe, we don’t disagree on them. And maybe, just maybe, we can work together in trying to resolve them.

Amos 5:24, “But let justice roll on like a river, righteousness like a never-failing stream!”

Justice. Treating others the way we would like to be treated. Treating all people with dignity and respect.

It would, I think, be hard for anyone in that room where I spoke to make the case that the United States today is a “just” society or anything resembling a just society.

In America today there is massive injustice in terms of income and wealth inequality. Injustice is rampant. We live in the wealthiest country in the history of the world but most Americans don’t know that because almost all of that wealth and income is going to the top one percent. We are living at a time where a handful of people have wealth beyond comprehension – huge yachts, jet planes, tens of billions of dollars, more money than they could spend in a thousand lifetimes. But at the same time, millions of people are struggling to feed their families or put a roof over their heads or find the money to go to a doctor.

When we talk about morality and when we talk about justice, we have to understand that there is no justice when the top one-tenth of one percent own almost as much wealth as the bottom 90 percent. There is no justice when all over this country people are working long hours for abysmally low wages, $7.25 an hour or $8 an hour, while 58 percent of all new income being created today goes to the top one percent.

There is no justice when, in recent years, we have seen a proliferation of millionaires and billionaires while, at the same time, the United States has the highest rate of childhood poverty in the industrialized world. How can we talk about morality when we turn our backs on the children of this country? Twenty percent of the children in this country live in poverty and that includes 40 percent of African American children. There is no justice when, in the wealthiest country in the history of the world, children in our country go to bed hungry.

There is no justice when the 15 wealthiest people in this country saw their wealth increase by $170 billion dollars in the last two years. That is more wealth, acquired in a two-year period, than is owned by the bottom 130 million Americans. And while the very rich become much richer, millions of families have no savings at all and struggle every week just to stay alive economically, and the elderly and disabled wonder how they stay warm in the winter. That is not justice. That is a rigged economy designed by the wealthiest people in this country to benefit the wealthiest people in this country at the expense of everyone else.

There is no justice when thousands of people in America die each year because they don’t have health insurance and don’t get to a doctor when they should, or when elderly people are forced to choose between food or medicine because our citizens pay the highest prices in the world for prescription drugs. That is not justice. That is not morality. That is simply an indication that we are the only major country on earth that does not guarantee health care for all as a right.

There is no justice when low-income and working-class mothers are forced to separate from their babies one or two weeks after birth and go back to work because we are the only major country on earth that does not have a paid family and medical leave policy. That is not justice. That is an attack on family values that everyone should be appalled at.

There is no justice in our country when youth unemployment exists at tragic levels – with 51 percent of African American high school kids unemployed or underemployed. No. We apparently do not have the funds to provide jobs or educational opportunities for our young people but we sure do have the money to throw them into jails. Today, the United States has more people in jail than any other country on earth, and many are serving time in inhumane conditions. That is not justice. That is the destruction of human life.

I am not a theologian or an expert on the Bible or a Catholic. I am just a U.S. senator from the small state of Vermont. But I agree with Pope Francis when he says: "The current financial crisis… originated in a profound human crisis: the denial of the primacy of the human person! We have created new idols. The worship of the ancient golden calf has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose."

He also states: "There is a need for financial reform along ethical lines that would produce in its turn an economic reform to benefit everyone. Money has to serve, not to rule."

In his view, and I agree with him, we are living in a nation and in a world which worships the acquisition of money and great wealth, but which turns its back on those in need. And that must end. We need to move toward an economy which works for all, and not just the few.

Throughout human history there has been endless discussion and debate about the meaning of justice and the meaning of morality. I hope that by getting out of my comfort zone and speaking with the students at Liberty University that I can be a part of a dialogue with people who might not agree with us. I hope that some of them conclude that if we strive toward morality and toward justice, that it is imperative that we have the courage to stand with the poor and working people of our country.

In solidarity,

Bernie Sanders

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

                                     "Amr Diab Osad Einy"


Saturday, September 19, 2015
Randall W. Forsyth: For markets, it's the treacherous season

New York Times: The Russian military buildup in Syria raises questions about Russia's evolving role in the Mideast


Friday, September 18, 2015
Dow falls 290 points, as the Industrial average falls back into correction territory


Ansuya Harjani: Be warned --  any emerging markets' relief rally bounce will be short-lived


Before the opening on Wall Street, stock futures indicate that trading today will be negative and volatile. European markets are lower ahead of the opening in New York

Overnight, The Asian markets were mostly higher, but Japan dipped as the yen appreciated versus the dollar

Diana Furchtgott-Roth: Taxing carried interest discourages investment. Consequently, the position taken by both Barack Obama and Donald Trump is wrong


                What is a hedge fund manager's carried interest?

Market Watch: The six markets that moved the most yesterday after the FOMC decision


                  Today is this quarter's quadruple witching day
The expiration date for four types of standardized contracts: stock options, stock index options, stock index futures, and single stock futures.

Quadruple
witching day occurs four times a year, on the third Friday in the last month of each quarterInvestors often unwind their positions on these contracts on or immediately before quadruple witching days, which leads to increased trading volume on those days. 
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

The price of gold has rallied to a one-month high following the Fed's action --  $1,140.20 on the Comex


The dollar fell yesterday against major foreign currencies after the Fed voted to keep interest rates steady

Look out, Carly!  People now know that you see things that aren't actually there, and then you become impassioned about your delusion. That is not a good thing

Look out, Donald!  People have noticed that your birther roots are showing. One of your supporters has led you to an embarrassing "Muslim/not American" situation that was caught on video 


Trump's response: He did not hear the man's initial comments about religion and nationality. Plus, Trump maintains that he is under no obligation to defend the President, since there is no moral obligation for him to do, and the President is capable of defending himself. Furthermore, this is not 2008, and Trump does not emulate losers like John McCain.
 
New York Times: Crazy talk at the Republican debate



                             A photogenic day in Greece
                  And a good day to be 100% in cash in America

Thursday, September 17, 2015
After the Fed release, Wall Street roiled through two hours of spectacular roller coaster trading before closing at a loss of 65 points on the Dow, with a similar percentage loss on the S&P 500 and a slight gain on the Nasdaq


The Federal Reserve has left interest rates unchanged, citing global economic and financial developments. The next meeting of the Federal Reserve is October 28, 2015

                                   Thank you to the FOMC
You voted in the best interests of the Nation, despite the pressure from many in the financial world who attempted to deliver a disguised political advantage to the Republican Party. Thank you for doing the right thing in a difficult situation.




CNBC: Video of Chair Yellen's press conference following the release of the FOMC rate decision


********************************************************************
                                 Hindsight is always 20/20

Rex Nutting: Spooked by global events, the Fed won't raise rates


Philip Van Doorn: It's time to shut down the Fed's  "peanut gallery"


Gregg Robb: Global doom versus labor boom will dominate Fed debate going forward


CNN Money: The Fed did nothing. What now for the markets?

Bloomberg: The Fed's decision to delay stimulus exit points to global risks, such as in the emerging markets


Wall Street Journal: Fed leaves rates unchanged

Barron's: The Federal Reserve is now the world's central bank


********************************************************************
Wall Street opens the day's trading slightly lower as all participants await today's momentous decision by the FOMC

Overnight, Asia was characterized by mixed activity in the equities market and among the currencies ahead of the Fed's announcement


                             Carly Fiorina -- Looking good to everyone

           A history of United States Presidential election debates

                                     A classic Jedi mind trick

Way to go, Jeb. Candidate Jeb Bush is standing on his tip-toes, as he did several times during the debate, when the camera was pointed his way. Actually, Bush and Trump are the same height. Keep in mind that the tallest candidate has oftentimes been the winner in American politics.
             Everything counts when you're playing to win -- Right, Jeb?


                                        You've Got Mail

Sent: Thursday, September 17, 2015 at 8:01 AM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: This is unacceptable, Walter
Last night, the Republican candidates for president tried to explain why one of them should be the next person to lead this country. Well, Walter, Republicans have an opportunity to show some leadership right now -- in this very moment.

With Congress back in session, it's time for the GOP to do some work. They've got to pass a budget by the end of this month -- a budget with no strings or nonsense attached -- or they'll be shutting down the government for the second time in two years.

And let me be clear: A government shutdown would be completely irresponsible, but it's not inevitable. Congress can pass a budget that invests in American families, in our schools, in our roads, in our military, and in all the things that truly make this country great. That's a budget I'd be more than happy to sign. But instead of trying to find ways for us to move forward together, some folks are threatening to shut down the government because I won't accept a budget that hurts the middle class or makes it harder for women to access health care services they need by defunding Planned Parenthood.

Now we're getting closer and closer every day to Election Day, and if we want a Congress that won't play politics with people's lives, we've got to elect Democrats who will work tirelessly fighting for people like you and me.

Thanks for standing with me and Democrats across the country on this, Walter.

Barack Obama





Wednesday, September 16, 2015
Dow jumps 140 points on the eve of the big Federal Reserve meeting


Oil rallies to its highest settlement of the month -- with a gain of 5.7%

Overnight, the Chinese stock markets saw their biggest rallies in the last three weeks, and that optimism spread throughout the emerging market sector

Hewlett-Packard will cut another 25,000 to 30,000 jobs, as the company splits into two corporations


Steve Goldstein: The Census Bureau reports that the typical American household has a lower income now than before the Great Recession


Fox News: The American effort in Syria is not going well. Our Commander admits that there are only five surviving U.S. trainees


New York Times: For the U.S. pilots fighting an air war against ISIS, the real war is not at all like "Top Gun"




                                         Debate Night in America

Fox News: GOP rivals try to ding Trump at the debate, and the front runner hits back


New York Times: Candidates use second GOP debate to taunt Donald Trump -- and he gets the largest amount of attention


Daily Mail: "It's war!" Has Donald Trump earned the mostly juvenile nickname of "Mr. T",  because he calls people "fools"?

                                          

Tuesday, September 15, 2015
Dow closes up 229 points, even though many participants are on hold ahead of Thursday's meeting of the Fed

CNN Money: What the front runner Republican candidates are saying about taxes -- carried interest, flat tax and fair tax

U.S. stock futures struggle for a definite direction following mixed economics data and inaction by the Bank of Japan

Goldman Sachs' list of winners and losers following a Fed rate hike

The Fed's decision on interest rates could rock six different markets


Greg Robb: The Fed governors are the wild card at this week's meeting's vote on a rate increase

Chuck Jaffe: Five traps to avoid in today's volatile stock market


                      


Mohamed El-Erian: There is a bumpy road ahead in the financial markets, but this will create a lot of attractive opportunities


CNN Money: China's currency could double its losses before the end of 2015 -- and this is particularly likely if there is an interest rate increase by the Federal Reserve in the United States

Wall Street Journal: The oil patch is bracing for the time of financial reckoning -- starting as early as this month


Daily Mail: Hungary declares a state of emergency and may deploy its army in the face of the influx of Muslim migrants


 
              Senator Sanders relaxing at your home on the night of December 24th
     "Don't worry about the cost. The elves take care of all that up at the North Pole."

Wall Street Journal: The price tag for the proposals being offered on the stump by Senator Sanders is $18 trillion over the next ten years


                                     Straight Outta Showbiz



Donald Trump hammers sanctuary cities, before a crowd of 20,000 cheering fans in Dallas, during a 90 minute speech that he delivered without a teleprompter or written notes



       

                         Another line of criticism of The Donald:
    He has no intention of fulfilling many of his campaign promises


Monday, September 14, 2015
Dow falls 62 points on low volume. The Street is on Fed watch, and, for the first time in many years, what the Fed will do is totally uncertain


The Shanghai stock market falls badly again following a weak report on Chinese factory output

People's Bank of China has opened an onshore currency exchange to foreign central banks

William Ackman: "I'm more bullish on stocks than hedge fund billionaire David Tepper."

Thomas H. Kee: A rate increase by the Fed could trigger a financial markets crash

Shawn Langlois:  Fed? What Fed?  Here's why the next 15 years will be great for stocks


Barron's: Value stocks look poised to outperform the market in the near-term


  Always consult with famous experts and authorities on the relevant subjects

CNN Money: Why the Fed should raise rates this week


Nobel prize winner Robert Schiller warns of a stock market bubble




Donald Trump paints himself as a super-wealthy populist, and he calls the high level of CEO pay "disgraceful"


                         Vice President Joe Biden's life story



Vice President Joe Biden's supporters are ramping up a campaign-in-waiting, as the potential candidate thinks through his decision


********************************************************************
                        Telling Your Base Exactly What They Want To Hear

 
It's not just Donald Trump who is spouting BS in order to attract cheering fans

Sent: Monday, September 14, 2015 at 11:26 AM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Goldman Sachs

Bernie Sanders for President

Dear Walter,

It's time to break up the banks.

The greed, recklessness, and illegal behavior on Wall Street drove this country into the worst recession since the Great Depression. Their casino-style gambling has helped divert 99 percent of all new income to the top one percent. And it has contributed to the most unequal level of wealth and income distribution of any major country on earth. 

In the midst of all of this grotesque inequality sits a handful of financial institutions that are still so large, the failure of any one would cause catastrophic risk to millions of Americans and send the world economy into crisis.

If it's too big to fail, it's too big to exist. That's the bottom line. 

I introduced legislation in Congress that would break up banks that are too big to fail. Can you sign on as a citizen co-sponsor of my bill to show your support?


Banking should be boring. It shouldn't be about making as much profit as possible by gambling on esoteric financial products. The goal of banking should be to provide affordable loans to small and medium-sized businesses in the productive economy, and to Americans who need to purchase homes and cars.

That is not what these financial institutions are doing. They're instead creating an economy which is not sustainable from a moral, economic, or political perspective. It's a rigged economy that must be changed in fundamental ways. 

Let's be clear who we're talking about: JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Wells Fargo, Morgan Stanley, and other institutions; they're all too big to fail. So they must be broken up.

Wall Street can't be an island unto itself separate from the rest of the productive economy whose only goal is to make as much money as possible. I fear very much that the financial system is even more fragile than many people may perceive.

Millions of Americans are working longer hours for lower wages, while virtually all new income goes to the people who need it the least. In fact, the top 14 wealthiest people saw their wealth grow more last year than the bottom 130 million have in total.

We must break this cycle to save the middle class in America. Can you show your support for my bill to break up the banks?


I'm running for President of the United States because I believe that it is incumbent on us to try to take back our country from the billionaires and make it thrive again for the working and middle class. Breaking up the banks is a critical part to making that a reality.

Thank you for all of your support.

Senator Bernie Sanders

Most of Senator Sanders' arguments concerning the evils of Big Banks are left-wing fairy tales -- made up of manipulative, half-truths.

Compare the fairy tales to the much more realistic assessment of the subprime mortgage crisis found on this website, dated July 10, 2015.

********************************************************************
Fox News: Moscow is shipping heavy armaments into Syria, such as six battle tanks



Sunday, September 13, 2015
Dawn Kissi: China is not the only country selling foreign currency reserves -- Saudi Arabia has also seen the need to liquidate reserves




                                              Shanghai

Wall Street Journal: China has unveiled the overhaul of its state -owned industries


Shuli Ren: The Indian stock market beckons to the patient investor

Investor's Business Daily: An update on the five top drug stocks -- active in R&D, as well as M&A


Investor's Business Daily: An update on the five top-rated medical device stocks


Bloomberg: U.S. gas prices fall to their lowest levels in six months, according to a Lundberg survey


Sally Brandon: The five mistakes to avoid when planning for a successful and happy retirement

Richard Eisenberg: Have you ever dreamed of retiring abroad?

Does the agreement concerning nuclear energy that the Obama Administration negotiated with Iran require the consent of the Senate under the terms of our Constitution?

      Regarding Benghazi, Libya -- September 11, 2012

It has been very clear for many months that the attack on the U.S. consulate in Benghazi was not prompted by the video "Innocence of Muslims", which was produced in the United States by Nakoula Basseley Nakoula. The fact that the Obama Administration initially made that claim is being cited continually by right-wing critics as the foundation for their allegations of a cover-up by President Obama of a foreign policy failure.

Lost in the right-wing's critique, however, is the fact that the blasphemous video spawned incidents and protests in at least 39 countries - not including Libya - that led directly to the deaths of at least 101 people. Instead, the right-wingers prefer to focus on the fact that the incident in Benghazi was not related to the video, and deride the jailing of Nakoula as an effort by Obama to pin Benghazi on the video. There is huge irony in the fact that Benghazi was an incident that was not caused by the Nakoula video, even though it occurred during a time period when there were dozens of fiery uprisings by Muslims around the world that were definitely caused by the Nakoula video.

                                   Facts matter

There were two American deaths that were the direct result of the Nakoula video. The Taliban attributed to the video their September 14, 2012 attack on Camp Bastion in Afghanistan. Two Marines lost their lives: Lt. Col. Christopher Raible, 40, and Sgt. Bradley Atwell, 27. In addition, aircraft and equipment valued in the millions of dollars were destroyed at Camp Bastion.
 
 

In fact, Nakoula's adoption of a false identity to produce the video and his use of You Tube to post it online were clear violations of the terms of Nakoula's probation from an earlier bank fraud conviction. If violating one's probation in a way that results in the deaths of 101 people does not land a person back in prison, then I really do not know what would put a man back behind bars. 

Apparently, however, opinions can vary widely with respect to the severity of Nakoula's actions. For example, right-wing talk show host Roger Hedgecock has stated to his radio audience that he feels Nakoula's punishment should be no more than a $500 fine, and Rush Limbaugh tells his audience on a regular basis that Nakoula was unjustly jailed.

    Just in case anybody cares about what really happened concerning Syria 

Much has been made of President Obama's statement on August 21, 2012 that the use of chemical weapons in Syria would cross a red line -- particularly in the right-wing media.

What has become overlooked, however, is the fact that the President did not say that a chemical weapons attack would necessarily trigger a military response by the United States -- instead, only the "calculus" of President Obama's assessment of the situation would change. It was not until later that pundits, political enemies on talk radio and supposed allies of the President demanded that the words meant that Obama was forced to attack the Assad regime or suffer a loss of face. Such a conclusion was designed to be totally manipulative.

It is ironic that the Obama Administration was able to garner a negotiated settlement that eliminated the Assad regime's stockpile of chemical weapons -- without a military fireworks show.

The chemical weapons were eliminated, but the President's critics question whether Obama was fierce enough in his condemnation of Assad and the forces Assad is fighting in Syria.


         Mr. President: Pay attention to the importance of fierce rhetoric

العربية والألغاز ، وأنشطة للكتب اللغة العربية والكتب العربية الطفل، أفلام عربية للأطفال، وأشرطة فيديو للأطفال، ألعاب تعليمية، مصادر التعلم ، تعلم اللغة العربية، خطابات الأبجدية العربية، الحروف العربية

Fox News points out, at least three times per hour, that unlike the confused and delusional President Obama, Fox News followers are able to correctly and fiercely identify and name the enemy. They've learned all the current badest rhetoric -- they can really talk the talk (which is a good thing because they don't have to actually walk the walk everyday, like the President). Here's the latest:


  "Radical deranged savage Muslim Islamic jihadist terrorist killers"
 
Plus, Fox News is quick to point out "How can you defeat an enemy when you can't talk the talk-- pointing at President Obama's failure to employ over-the-top rhetoric at all times, so people will know he can talk the talk.

                         Right on!    Right on!

Just one thing, Mr. Fox News propaganda guy:  The "scary looking" --  and, therefore, great scary fun -- Arabic inscription above is not the text of the latest Jihadi John video. It's an advertisement for children's nursery rhymes.

       Whoops!  Better fix that during the next Fox News commercial break!



                    

                                      "A Sunday Kind Of Love"

Saturday, September 12, 2015
Patti Domm: Will it or won't it?  Whatever the Fed does, half of Wall Street will be unhappily surprised


Komal Sri-Kumar: There will be no Fed rate hike until 2017


BTIG Strategist: Why we changed our minds regarding a September rate hike


CNBC: Rising interest rates -- What you need to know, according to the members on this panel

      There is no one more blind than the person who does not want to see™


New York Times: Now that the nuclear deal is sealed, President Obama must make it work and mend fences in Congress

MSNBC attempts a Jedi mind trick: The Justice Department has concluded that Hillary Clinton broke no law by deleting personal emails.   Got it.  So when you're pulled over for doing 100 mph in a 35 mph zone, be sure to point out to the judge that you signaled all lane changes and were not talking on your cell phone


   

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

Wall Street Journal: Donald Trump says that the deportation of the 11 million person illegal population will be accomplished within two years after he takes office


                                  Thinking outside the box
           regarding Presidential material in the Democratic Party

       
                                              Mary T. Barra
               Chief Executive Officer, General Motors Company

                  Ms. Barra would make a great President in 2017

                                    DRAFT MARY T. BARRA

Ms. Barra's life story -- a young, real, tough, honest, intelligent, business savvy, globally experienced and accomplished executive, who is genuinely interested in the well-being of all Americans

                                    Not paid for by anybody

Fox News: The Russian build-up in Syria is part of a secret deal with Iran's Quds force commander, Major General Qassem Soleimani


                                 


                          "Where Have All The Flowers Gone?"


Friday, September 11, 2015
Dow adds 103 points, despite the fact that many participants seem to be on hold ahead of the Fed's action

Treasury yields decline after weak, 85.7, consumer sentiment report

Overnight, the Asian markets were mixed and subdued, in advance of next week's FOMC meeting

Treasury Department reports that the Federal budget deficit is headed to an Obama-era low 


                                The problem is, however:
 Each year of the Obama Administration has been a deficit shipwreck

A dozen big banks and several large institutions agree to settle a lawsuit regarding credit default swaps for $1.87 billion

Goldman Sachs: The price of oil could fall to $20 per barrel


CNN Money: Is China dumping its horde of $1.3 trillion in U.S. debt?


Hong Kong's wealthiest are turning to African and Latin American developing markets as investment alternatives, while shunning European markets


Financial Times: There is little chance that the Bank of England will raise that country's interest rates in the near future


24/7 Wall Street: Eight states are running out of water.  There is a need here that will only get worse. Here is the answer: Desalination


       Desalination -- How Israel produces 40% of its drinking water

Jeb Bush wants to lower taxes, limit deductions and raise the tax rate on carried interest income

Anora Mahmudova: Don't be so quick to blame the risk parity strategy for the stock market's volatility


New York Governor Cuomo seals a deal on $15 minimum wage for fast food workers in his state


                                       September 11, 2001          

                                         "For All We Know"

                             
Thursday, September 10, 2015
Dow adds 77 points for the day as oil rebounds, but an early rally did lose steam as the day progressed


U.S. import prices fall 1.8% in August and 11.4% over the past year

Standard & Poor's has downgraded Brazil's debt to junk status -- BB+, with a negative outlook



                                          Brazil's history

Joseph Adinolfi: Brazil's economy will likely get worse before things get better


CNBC: Treasury Department auctions $13 billion of 30-year bonds at
a high yield of 2.980%




Ethan Wolff-Mann: How the richest Americans are getting even richer

New York Times: Senate Republicans plan a showdown vote on the Iranian nuclear deal


Fox News: Russian troops are reportedly massing in Syria in support of Bashar Assad


China's Premier Li says that China can, and will, avoid a hard landing


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, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, 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. Instead, most commentators in the U.S. media continually follow a meme that the Chinese do not know what they are doing with respect to financial and business matters.

Drivers across the U.S. will be paying near $2.00 a gallon by year end


                           Not just wrong -- absolutely wrong

A trip down Memory Lane: Three years ago, President Obama and many of the media's liberal commentators insisted that any increase in drilling for oil in the United States -- such as through fracking -- would have only a negligible impact on gasoline prices in America.  Here is an example of that erroneous, foolish rhetoric and commentary.

The Obama Administration was absolutely wrong -- witness the present level of gasoline prices at just 55% of the price of 2012. This should be grounds for a total reassessment of the President's staff of economic advisers.

Mr. Obama needs new people in the positions concerning business and finance -- people who actually understand commodities, and specifically the complex nature of international oil markets. Apparently, in 2012, the Obama Administration was getting its financial advice from the Sociology students working at 1600 Pennsylvania Avenue who were most interested in any plausible argument supporting the abandonment of fossil fuels.

 
Additional examples of people who should not speak on economics matters:
             
                 White House Communications Director Jen Psaki
                                    MSNBC's commentator Ed Schultz

                             
Over the next several weeks I will explain
             
the reasons why I have disparaged Ms. Psaki and Mr. Schultz

                               This is just the start of the criticism

Why am I so critical of Ms. Psaki?  Simply put: Because she answered the question, during her interview, regarding the alleged stall in the U.S. economy as if she was unprepared to make a good response.

      Really -- unprepared?  Her lack of preparation is absolutely inexcusable

Why am I so critical of Mr. Schultz?   Simply put: Because he oftentimes simplifies complex issues to the point that he leaves unanswered many questions that warrant deeper consideration.

                  I suspect that Mr. Schultz and most of the commentators
                                       on MSNBC do not understand
           the complicated issues in matters involving business and finance


                  Here is an example of a complicated issue:

   Summary of the Trans-Pacific Strategic Economic Partnership Agreement


Donald Trump, apparently, does not believe that Carly Fiorina is a good-looking woman -- or, in the alternative, he feels that Ms Fiorina does not have a good persona (whatever that means) -- at least that's the way he feels when he is joking around with his staff members

But of course, it's like when I say "Check out that babe's behind!" -- what that means is: "Take a good look at her drive and ambition."  



         In the solemn words of that wise owl, Governor Rick Perry:
                      "Even a broken clock is right once a day"


Forget what Trump said about Fiorina's face. Her record at Hewlett- Packard is the real issue



CNN Money: Ben Carson wants to tackle the U.S. debt.  His plan has multiple flaws, for the simple reason that he is a Christian ideologue who oftentimes doesn't actually know what he's talking about

MSNBC: Calls mount for changes to the Democrats' debate schedule




Wednesday, September 9, 2015
Dow plummets 239 points, despite a strong start, and the price of oil and the specter of a rate increase by the Fed are to blame


Bespoke Investment Group: The trading action on Wall Street over the last two weeks has been very rare, to the point of being historic


*************************************************************************************
                                A Trip Down Memory Lane

For months now, I have preached against the evil that would be caused from a rate hike by the Federal Reserve. See, for example:

                                           June 23, 2015

  Who is Jerome H. Powell? Not at all a household name. Mr. Powell is one of the Governors of the Federal Reserve Bank. He believes that interest  rates in the United States should be raised in September and then again in December. 

Mr. Powell, who previously served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, is trying to torpedo the Obama Administration's economy, and he is willing to jeopardize the World's financial well-being in order to cripple the chances of a Democratic Party victory in November, 2016.


Wake up, all you Sociology students working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration Sociology students know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness in Asia, while keeping in mind the size of our National debt and the Federal Reserve's balance sheet -- the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest in the United States.


Mr. Powell knows all about the above list of factors, but, when it comes to matters of international finance and the interaction with election politics, always remember the age-old axiom:


    There is no one more blind than the person who does not want to see™


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

Prior to the opening in New York, U.S. stock futures soar on the wings of the upbeat activity on Asian bourses


Overnight trading in Asia was very bullish -- the Nikkei gained 7.7% following comments from Beijing and Japanese Prime Minister Abe

Philip Van Doorn: How to make money in the coming deflationary "Ice Age" economy


         Yea, Philip, but I've got an even better idea: "Get a job and work hard."


********************************************************************
New York Times: Hillary Clinton issues an apology for her use of a private email system.


                                        You've Got Mail

Sent: Tuesday, September 08, 2015 at 7:39 PM
From: "Hillary Clinton" <info@hillaryclinton.com>
To: walterlewis@gmx.com
Subject: My email
Walter --

I wanted you to hear this directly from me:

Yes, I should have used two email addresses, one for personal matters and one for my work at the State Department. Not doing so was a mistake. I'm sorry about it, and I take full responsibility.

It's important for you to know a few key facts. My use of a personal email account was aboveboard and allowed under the State Department's rules. Everyone I communicated with in government was aware of it. And nothing I ever sent or received was marked classified at the time.

As this process proceeds, I want to be as transparent as possible. That's why I've provided all of my work emails to the government to be released to the public, and why I'll be testifying in public in front of the Benghazi Committee later next month.

I know this is a complex story. I could have -- and should have -- done a better job answering questions earlier. I'm grateful for your support, and I'm not taking anything for granted.

I understand that you may have more questions, and I am going to work to keep answering them. If you want to read more, including my emails themselves, please go here:

https://www.hillaryclinton.com/emails/

Thank you,

Hillary

  Got it.   However, Hillary, I see you are still hiding behind the argument that the emails moving through your system were not marked as classified. The problem with that rationalization is the fact that you should have realized that the satellite images on a number of your emails were classified, irrespective of whether or not they were stamped "Top Secret".

When I was in the Air Force, if I had done what Hillary did, I would have been court-martialed and sent to prison.
                                        
*************************************************************************************

Petra Laszlo, of N1TV, which is owned by the far-right Jobbik party, becomes the news as she makes life more difficult for two migrants


Fox News: Russia continues to send supplies to its ally, the Assad government in Syria



                                               The Cayman Islands

                                      "Candlelight and You"

                                       "Stairway to Heaven"

Tuesday, September 8, 2015
A huge sigh of relief overtakes the building at the corner of Wall Street and Broad: The Dow soars 390 points, marking the second best one-day point gain of 2015


However, there is a problem: The Chinese stimulus program that spawned today's buying fervor is unconfirmed; the existence of such a stimulus program may turn out to be an untrue rumor. Equity markets are always overrun with rumors. The prospect of a stimulus program first inflated the stock market in Shanghai, then spread to Europe and hours later the story played a big role in New York.

Barbara Kollmeyer: Societe Generale reports that the U.S. stock selloff is overdone, this opinion is based on three stock charts

Brent Arends: There is danger ahead in the junk bonds market


   Avi Gilburt: Market action suggests that 1,700 on the S&P 500 is more likely than not in the near future

Nicholas A. Vardy: How BRIC investing went bust -- the BRICs being Brazil, Russia, India and China


Leon Cooperman: Why this bull market is not over


Louise Yamada: Why this bull market is definitely over


Craig Stephen: Capital flight is Beijing's new confidence problem


Richard Suttmeier: When markets open today, investors face three dreaded "Death Cross" formations

           

It's that time of year again: Planning for a government shutdown is time-consuming and costly


           History of U.S. government shutdowns in the modern era

Politico: How Planned Parenthood could shut down the government




Washington Post: After a wilting summer, Hillary Clinton hopes for a fall rebound


CIA and NG-IA agree: Hillary Clinton's emails contained two items of Top Secret information




                                           "You Are, You Are"


Monday, September 7, 2015




                             Make it a contemplative Labor Day

                                                       Celebrate with a song

*************************************************************************************
                    
A modest proposal, since today is a holiday --
      Maybe Congress and the President could agree on an idea
           that could bring dollars in the hundreds of billions
                                 back into the U.S. economy

BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards.   

Repatriation refers to the payment of a dividend by a foreign corporation to a U.S. corporation. This happens when the foreign corporation is considered a "controlled foreign corporation" (CFC), which means that more than 50% of the foreign corporation is owned by U.S. shareholders.

Generally, foreign direct investment in CFCs, or a CFC's profits from doing business abroad, are not taxed until a dividend is paid to the controlling U.S. parent company, and is thus repatriated under the jurisdiction of the U.S. tax authorities.

The foreign income of the CFC is taxed only by the country where it is incorporated until repatriation. At repatriation, income is subject to the (typically higher) U.S. tax rate -- generally at the rate of 35% -- minus any foreign tax credits, for taxes paid to foreign governments. This process is covered under Sections 951-965 of the Internal revenue Code. 

There are currently hundreds of billions of dollars of foreign direct investment in CFCs because of the disincentive to repatriate those earnings.


Some sort of repatriation incentive is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children. 

Too bad the Republicans and Democrats usually cannot cooperate on anything of substance under the Sun


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

European stock markets start the week in the black, but Asia was mixed



Dovish Mario Draghi signals that the European Central Bank is willing to act on more quantitative easing



China's National Bureau of Statistics cut its 2014 growth rate to 7.3% from the previously released figure of 7.4%

In overnight futures trading, oil contracts edged lower following the revision of China's growth rate


IMF Managing Director Christine Lagarde: Issues a call for urgent overhauls of major countries' economic systems, and she implores the Federal Reserve to forego any rate increase until 2016

             What are the facts behind Donald Trump's bankruptcies?

Daily Mail: Hundreds of Muslim migrants are converting to Christianity in a bid to gain asylum in Germany


Diana Furchtgott-Roth: Workers do not fare better in unions, despite the Obama Administration party line


                   Have unions already done all the good they can do?
                                      
Are unions dinosaurs?
 
  
                  "Kneel and say an Ave Maria there for me"
   

Sunday, September 6, 2015
Oppenheimer's Ari Wald: As a technician, "I feel this correction is reminiscent of 2011 -- deja vu all over again"


Cornerstone Macro's Carter Worth: "As a technician, I feel this situation can get much worse"


Goldman v. Morgan Stanley: Is now the time to buy everything?

Karma Allen: If you are considering buying the dips, you might want to look at these five Dow heavyweights
  You also might want to look into seeing a competent psychiatrist

The selloff in China will continue for another 50% drop

Dennis Gartman: This is a very real bear market, for which most people are not prepared


Nobel laureate Robert Shiller: The risk of a big market drop is growing, according to his cyclically adjusted price-to-earnings ratio, which looks at share price divided by a stock's 10-year average earnings


CNN Money: China could really hurt the Democrats in 2016 elections




Daily Mail: Donald Trump leads Hillary Clinton in a dramatic new poll


Mayor Bill de Blassio vs. ex-Mayor Rudy Giuliani: What is the proper way to care for New York City's homeless?

                                  Thinking outside the box
           regarding Presidential material in the Democratic Party

       
                                              Mary T. Barra
               Chief Executive Officer, General Motors Company

                  Ms. Barra would make a great President in 2017

                                    DRAFT MARY T. BARRA

Ms. Barra's life story -- a young, real, tough, honest, intelligent, business savvy, globally experienced and accomplished executive, who is genuinely interested in the well-being of all Americans

                                    Not paid for by anybody



                                                "I Want You"

Saturday, September 5, 2015
Matt Tuttle of Tuttle Tactical Management: He proudly went 100% into cash on September 3rd.
   That is way too late, Matt, to be bragging about what you should have done for your clients weeks ago

Daily Mail: 5,000 migrants arrive in Germany and Austria.   How many Syrian migrants have received refuge in the Arab Gulf States? That's an easy question to answer: Zero



                      Do you recognize this man? You really should
           He has played a huge role in your life -- in all of our lives

                                                           Zbigniew Brzezinski
                           
Author of "The Grand Chessboard --
              American Primacy and Its Geostrategic Imperatives"
                                             Published in 1997

           Halford J. Mackinder: "The Geographical Pivot of History"


                                    

Friday, September 4, 2015
The bloodletting continues: The Dow falls 272 points under the weight of a good report on jobs in the United States

U.S. adds 173,000 jobs in August, and the unemployment rate fell to 5.1%, a seven-year low


Here's the biggest negative with respect to the August jobs report

          That's right. Stocks plunged in value because of good news

Millions of people lost value in their IRAs and 401(k)s today because the Federal Reserve Board is threatening to raise interest rates, since the United States has such a vibrant economy -- as exemplified by today's jobs report. According to the Fed, it's time to "normalize".

There is a faction of Governors at the Fed who are trying to torpedo the Obama economy in an effort to place the White House in the hands of the Republican Party in November, 2016.  Raising interest rates is a method to cripple the U.S. economy, which will have a deleterious effect on the entire planet.

It is hard to imagine a worse time than now to raise interest rates in the United States, unless your agenda has nothing to do with the economic well-being of the Nation. The Federal Reserve will announce its decision on this issue on September 17th.


Stock Market Lookahead: The Fed is handcuffing itself.  Here's how

Tomi Kilgore: Bearish divergence in stock charts warn against buying the dips in the current market


                Seven essentials for making $1 million from scratch



Washington Post: The real reason why Donald Trump is so rich


CNN Money: How many jobs has Donald Trump actually created

Paul B. Farrell: If Donald Trump is nominated there is a 100% probability that there will be a 50% stock market crash


                             Keep in mind here, Paul B. Farrell
                          is filled with hyperbole 85% of the time


 
Is Senator Bernie Sanders running to become President, or is he running to become Santa Claus?


                                  I'm serious. Love you, Bernie,
                               but if you were elected it would be:
                       "Shovel ready jobs will fix everything" and
                "Raise the minimum wage -- that's what's needed"
                                                 all over again

       God's mercy: John Keynes died before his theories were disproved

                      



                                                 "Lento"

Thursday, September 3, 2015
Futures trading overnight gives a positive indication regarding trading at the open in the U.S. equity markets


Meghana Gaikwad: As investors flee China: How about a new destination -- India



      It's a peaceful evening when you're 100% in cash at the right time

Wednesday, September 2, 2015

Boomerang Day on Wall Street: The Dow surges ahead with a 293 point gain, following an upbeat report from the Federal Reserve


Michael Ashbaugh: Last week's rally was a proverbial dead cat bounce, and the bounce has fizzled

CNN Money: China is the scariest threat to stocks since 2009. Here's why the bull market in the United States is ending




Tomi Kilgore: The infamous "Death Cross" pattern is spreading through the markets   Just like in the movies

Morgan Stanley has cut its S&P 500 12-month price target to 2200




        Nice drawing. Not at all scary when you have nothing to lose
                       Have a good night's sleep. You're welcome

Tuesday, September 1, 2015
Dow plunges 470 points, putting all three major indexes back into correction territory. Everybody is blaming China


International Monetary Fund: Global markets should brace themselves for a slowdown in the Chinese economy

William Kazer: The China Federation of Logistics and Purchasing has reported that China's manufacturing sector purchasing index has slipped to 49.7 in August from 50.0 in the previous month

Craig Stephens: Beijing's incompetence is now China's biggest problem.
Mr. Stephens never misses a chance to call the Chinese bumbling



                                                  Sichuan, China
                            
                                History of the Middle Kingdom



                                           Jiuzhaigou Valley, China



                          Andy Lau: "You Are My Lady"
      You don't have to speak Mandarin to know that this is a love song


Monday, August 31, 2015
Dow falls 115 points and posts the biggest monthly loss since 2010




Myra P. Saefong: Oil ends August with a sharp increase in price -- posting a gain of 4.4% on the month

CNN Money: The world is still hooked on cheap money

"Cheap Money"? -- perhaps financial analysis would be better off without this type of characterization, since it sounds like the world is getting something that was not paid for in an appropriate way. What on earth does this mean? I am sure that money seems just as expensive as ever to people just getting by


Steve Goldstein: This Friday's jobs report could prevent the Fed from raising interest rates, but, whatever the report says, it alone cannot ensure that there will be a hike in rates



                                                 The Cayman Islands

                            Hedge funds as investment vehicles

Asia is set to topple North America as the world's richest region, as global private wealth reaches $164 trillion and the number of Chinese millionaires tops 4 million



CNN Money: Investors have pulled $1 trillion from emerging markets over the past 12 months

************************************************************************************************************************************
                                                  A trip down Memory Lane
    How wrong can a financial expert be and still be considered a financial expert?
U.S. Treasury Secretary Hank Paulson -- July, 2007: "This is far and away the strongest global economy I've seen in my business lifetime."


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

Sue Chang: By this gauge's measure, stocks have weathered the worst of the recent financial crisis

        

This is why you should never use a market order during a big selloff, because it's like standing in front of a stampeding elephant



                
                                                         "This Is How We Do It"

Sunday, August 30, 2015
Vice Finance Minister Zhu Guangyao: Panic in China's financial markets demanded that something be done


                              The Chinese three T principles:
                      "Timely, temporary and targeted actions"



ECB Vice President Vitor Constancio: The ECB stimulus program -- a €60 billion per month bond purchase program -- should raise the level of inflation in Europe to the target 2.0% rate

CNN Money: Brazil has fallen into a deep recession

                                                                          

                                           Brazil's history

CNN Money: Can the global gloom sink the American economy?

Wall Street Journal: Buying the dips does not work for everyone

Ten money stories you might have missed but shouldn't have


       

                                             "Somebody, Please"


Saturday, August 29, 2015
Federal Reserve Vice Chair Stanley Fischer: The case for a rate hike in September was "pretty strong" before the People's Bank of China devalued the yuan.  

Oh really, Mr. Fischer? Actually, what Mr. Fischer is trying to say, in his own little way, is this: "Now, even blind people, such as the right-wingers on the Federal Reserve Open Market Committee, can clearly see that a rate hike in September would be downright silly and obviously aimed at weakening the Democrats' chances for a strong showing in the 2016 elections, all this in light of the recent devaluation of the yuan and the totally scary global financial panic that occurred just last week as the World's stock markets anticipated a rate increase by the Federal Reserve
."

Rex Nutting is obviously a Propaganda Boy: Why the market correction makes a rate hike in September more compelling

Wake up, all you Sociology majors working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration's Sociology majors know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness -- to put it mildly -- in global stock markets, plus, taking into account the huge down slide that took place recently in the Asian equity markets, while keeping in mind the size of our National debt and the Federal Reserve's almost incomprehensible balance sheet, reflecting debt assets in the trillions of dollars, it should be clear that the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest rates in the United States.

  Anyone who says differently is on a manipulative, political agenda -- Period™



 
                                
                                     
"My Favorite Part Of You"

               
"There Goes My Baby, There Goes My Destiny"

Friday, August 28, 2015
Dow closes out the trading week with a gain of 12 points. Just a plain downright boring session

Market Watch: A compilation with respect to where each Federal Reserve member stands on raising interest rates



                 President Wilson signs the Federal Reserve Act in 1913

                       Summary of the Federal Reserve Board

Overnight, the Asian markets were mostly higher, due to gains in China and the United States over the last two days

Sue Chang: China's economy may be in worse shape than people think -- or, to put the proposition more precisely: China may be in worse shape than Beijing is willing to admit

Official of the People's Bank of China blames the Fed for the recent rout in equities, and claims that the yuan devaluation was not to blame for what has happened globally


Jim Chanos: The People's Bank of China is to blame for the stock meltdown. Mr Chanos has been talking down China for years


Philip Van Doorn: Ten stocks, including a pick by Carl Ichan, that led the market rebound yesterday


Philip Van Doorn: A surefire strategy to stay calm and make money in this crazy market


Jim Cramer: Surprise!  This group has a pulse -- oil and commodities


Jeff Reeves: If you don't buy Apple's stock today, then you're crazy

Jim Parmuk: Six trades on momentum tech stocks


Wall Street Journal: How do you short China?   Credit default swaps



 
                                     Investment Advice Alert

There is seldom a sanguine time to reenter any volatile stock market. However, if my advice of June 19, 2015 was followed, you are now 100% in cash in your tax deferred accounts. My present advice to you: Remain patient and sit on the sidelines until it is safe to reenter the fray.

I will let you know when it is safe to go in the water. Now is not the ideal time to leave the safety of 100% cash. Have a good night's sleep


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

A Florida State University theater major is shocked because she cannot find a job, even after four years of searching for employment as a gorgeous Hollywood movie star



   Before your dreams can come true -- first, you must have dreams™                     
                           "Take To The Sky On A Natural High"


Thursday, August 27, 2015
A second-in-a-row super-day on Wall Street: Dow adds 369 points


Greg Robb: The U.S. economy looks much stronger after upward revision by the Commerce Department of the Nation's GDP data

CNN Money: China's shrinking appetite for copper is actually killing jobs in America


Mark Shenk: The price of oil has taken its largest single day leap upwards in three years, due to faster growth in the U.S.


CNBC: What West Texas -- Permian Basin -- drillers are saying about $40 oil




Surprise everybody!   Donald Trump thinks the U.S. should tax the rich more -- GOP supporters are shocked silly

A Presidential candidate discusses the issues:  "It's my hair, I swear"


      
                                          
                                             
"Hello Stranger"

Wednesday, August 26, 2015
Today, the bulls ruled Wall Street: The Dow soars 619 points on huge volume, clocking in the largest single day of gains in four years

Today's market rally still leaves the S&P 500 $1.4 trillion in the red


CNN Money: Dow zooms up 619 points and marls the third biggest point gain ever


MSN Money: Stocks post historic rebound on stimulus hopes


CNBC: Stocks are ready for more rock and roll


Tomi Kilgore: The stock market rally looks like a dead cat bounce


Retail gas prices are set to drop below $2.00 before Christmas, for the first time since 2009


Treasury yields climb in tandem with the upward explosion in equities on the American exchanges


Ellie Ismailidou: The corporate bond market foreshadowed a stock market rout.
  Yes, Ellie, hindsight is always 20/20

Brent Arends: Why I'm throwing money at the stock market


Jim Rogers: Do not rule out a bull run in commodities -- it's all about supply and demand


CNN Money: How the China contagion has rippled across the globe


CNN Money: The Chinese stock markets have extended their losing streak to five days

Sue Chang: Analysts dismiss fears of a hard landing for the financial markets in China


Matthew Lynn: Forget the Dow and Wall Street, we're all playing the Chinese stock markets now

                  What is wrong with the global stock markets?
                                           Answer:
           No tree has ever grown tall enough to touch the sky™

         The two really difficult questions are as follows:

   Why is it that so few "experts" in the financial industry saw this coming?
Why are so many "experts' today claiming that no one can time the market?
 

        
***********************************************************************
                        
                          
A Trip Down Memory Lane
                        Investment advice from Walter Lewis,
    given to the public
for free on this website on June 19, 2015  


                              Investment Advice Alert
Take a bow, President Obama. You advised Americans to stay invested in Wall Street stocks back in March, 2009, and that was exactly the right thing to do, even though, at that time, the President was savagely criticized by virtually all the right-winger media commentators.

It was alleged that President Obama was being totally imprudent and un-Presidential for giving stock market advice to the American people, even though it was a time of National economic crisis.
 

However, the fact of all matters is that no market continues upwards forever. There are many geopolitical factors, as well as foreboding financial trends at play. My estimation, at this point, is that a prudent family's tax exempt or tax deferred nest egg should be moved 100% into cash. A good night's sleep is more valuable than a few more points of profit on the Dow, or any other investment in the World's stock markets.

                                   You can lead a horse to water,
               but the difficult part is convincing that horse to drink™.

                It is always very difficult to walk away from a winner,
              but it's time to take profits and get a good night's sleep™


     
Instead of following President Obama's advice, many right-wingers choose to believe that the United States' economy would collapse under the incompetent leadership of the Kenyan community organizer. So the right-wingers choose to invest in gold as a hedge against a stock market that would soon suffer a 1929-style total crash, which would trigger the onslaught of crippling social unrest. 

     
The right-wingers were absolutely, totally, completely wrong.

People who bought into the "total collapse" theory of the right-wingers have lost up to 38.2% of their money -- if they actually followed the investment advice commonly heard over the last six years on talk radio and Fox TV -- that advice being to buy gold -- and non-perishable food items, along with all forms of ammunition for their firearms -- all as a hedge against the definite, upcoming total collapse of the American and World economies and civilization.

    August 23, 2011: Gold hits $1,917.90 an ounce, an all-time high 

         June 18, 2015: Gold's spot price in New York -- $1,185.10

Those Americans who followed President Obama's advice have gained an investment return of as much as 181.2% since March, 2009, one of the best investment performances ever in the three centuries' long history of trading on the New York Stock Exchange.


            March 6, 2009: Dow Jones Industrial touch 6,443.27

      
    
June 18, 2015: Dow Jones Industrial close trading at 18,115.84

   Does anyone in the right-wing media want to argue about these numbers?™

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

Fed at a Crossroads: A recent conversation with Federal Reserve Governor Jerome Powell and Jon Hilsenrath of the Wall Street Journal

  Who is Jerome H. Powell? Not at all a household name. Mr. Powell is one of the Governors of the Federal Reserve Bank. He believes that interest  rates in the United States should be raised in September and then again in December. 

Mr. Powell, who previously served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, is trying to torpedo the Obama Administration's economy, and he is willing to jeopardize the World's financial well-being in order to cripple the chances of a Democratic Party victory in November, 2016.

Wake up, all you Sociology majors working over at 1600 Pennsylvania Avenue. There are Governors on the Federal Reserve who are throwing bombs at America's economy, and, apparently, the Obama Administration Sociology majors know so little about interest rates, and the financial markets, that the White House does not even realize the fact that the well-being of the American people is under attack from within our own shores.

At the lofty present value of the dollar, in combination with the fragility in Greece and the level of quantitative easing in Europe and Japan, as well as the frothiness -- to put it mildly -- in global stock markets, plus, the huge downslide that has taken place in the Asian equity markets, while keeping in mind the size of our National debt and the Federal Reserve's almost incomprehensible balance sheet -- the last thing on earth that the Federal Reserve Bank should do any time soon is raise interest rates in the United States.

Mr. Powell knows all about the above list of factors, but, when it comes to matters of international finance and the interaction with election politics, always remember the age-old axiom:

                                
There is no one more blind
                     than the person who does not want to see™




Daily Mail: ISIS releases pictures of an attack on the"nests of fornication, vice and disbelief in God", as the ISIS fighters recently killed 38 people and warned that the "worse is to follow"

Fox News: Beach massacre gunman reportedly told Tunisians to flee during massacre on Mediterranean beach.  

                 FACT: If there was a Worldwide ceasefire in place,
               this recent massacre NEVER would have happened.
                     



ISIS is reminiscent of the Maji Maji Rebellion of 1905:  An army fueled by the belief that its religion would turn the impossibly negative military odds into a magical victory for the believers. This is a belief system of losers -- a belief system that ISIS adopted from the late organization known as Al Qaeda.

One day an Islamic organization will emerge that will adopt the belief system of a winner -- such as the Viet Cong -- and be smart enough to realize that violent attacks inside North America and Europe are ignorant, ultimately fruitless and powerfully counterproductive.

When a Western power finally does get fed up with ISIS's brand of attack, the ISIS forces will fall even more quickly than the Taliban in Afghanistan in 2001 or the Iraqi army in 2003 or 1991.

The problem, however, is exemplified by a quotation of Ho Chi Minh, who stated back in the 1960's: "The Vietnamese people will fight from this generation to the next", until victory is achieved. That yearning for victory exemplifies the long-run problem confronting America and Europe.   What's next after ISIS?  A better educated, shrewder, wiser opponent, that will learn from ISIS's mistakes?   It's highly probable

         Realism is needed as the alternative to 100 years of warfare. 

                                 Realism starts with the truth™ 
                                           


  The writing is already on the wall -- When will it be undeniable -- November 7, 2016?

Business Insider: Democrats are giving away tickets to Hillary Clinton's speaking events, in an attempt to fill large venues and continue the illusion that Mrs. Clinton has a snowball's chance in hell





MSNBC's Rachel Maddow's extensive review of Donald Trump's press conference in which Jorge Ramos engages The Donald in more detail than any other media interviewer in the campaign so far


           Really, Mr. Trump -- you consider that to be "screaming"?

   
                                          
                                              "Hypnotized"


Tuesday, August 25, 2015
Today's trading on Wall Street was volatile to say the least, as all the averages started the day solidly in positive territory, but the Dow closed at a loss of 205 points, extending the carnage that has swept relentlessly through global equity markets over the course of a week

                                   It is only after the sun sets,
       that you can say how the trading day went -- not at noontime


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 opens 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  

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 most Western nations are practically incapable of doing what China has just done in an effort to stabilize the 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.

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheerleading 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". 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



The price of gold fell  slightly -- 0.5% --  yesterday to a level of $1,153.60 --  along with prices of other precious and industrial metals, during the rout in stocks.   So much for the myth of safe haven sanctuary in the precious metals during times of financial crisis


Gold's slide continued today on the Comex -- to $1.136.40 -- due in part to the strength of the dollar after China's intervention moves stabilized stocks around the world



                        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 2016 Chinese solar-powered community
       This artist conception looks like a page taken from a science fiction novel

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, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, 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 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, legal 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 Chinese people. I felt that humanity had taken a giant leap forward, and all people would profit from the new, more friendly relationship between the United States and China.

Plunging share values continued overnight in Asia, as the Shanghai Composite Index crashed another 7.63%, the Shenzhen fell a stunning 7.06% and the Nikkei slipped 3.96%, over the course of the day's trading, while investors slept in North America

At around 3:00 AM, New York time, the Dow futures pointed to a rise at the opening following yesterday's historic rout on Wall Street

              
                                      The New York Stock Exchange
       located at the corner of Wall Street and Broad Street, in New York City



                               
                              
                                 "Don't Have To Shop Around"                            

                                                             "Studio Version"


Monday, August 24, 2015
After an historic 1,089 plunge near the opening, the Dow finished the day with a loss of 588 points, as the anxiety level among global investors surges to record levels. In fact, the losses over the last three trading days are the worst in the history of the New York Stock Exchange, and the drastic plunges in stock values were replicated all over the globe


Wall Street opens with an historic gap down. The Dow was off more that 1,089 points several minutes after the open, but stocks did recover most of those losses after an hour -- but the Dow was still at a loss of more than 355 points after 80 minutes of trading

Market Watch: The devastating plunge on Wall Street continued overnight, as the European markets were sucked into the malestrom, and the Dow Industrials futures show a loss of 600 points an hour before the opening of Wall Street. The entire investing world is holding its breath, because the futures indicate that the opening may be the largest gap down in market history


Asian equity markets tumble again in overnight trading, reaching new multi-year lows. Many eyes are on the Korean peninsula, as well as the losses in China

CNN Money: China's stock market crash -- the reasons summarized

Steve Goldstein: What we don't know about the Fed's plans for its September meeting exceeds what we do know


Wallace Witkowski: This might be the correction investors are looking for. 

CNN Money: Looking at a sea of red -- What's going on with stocks?

Kathleen Elkins: How to buy a house you can afford in nine steps




Wall Street Journal: Joe Biden is leaning towards a 2016 run for the Presidency, despite the fact that, in this election cycle, the voters have clearly indicated a desire for candidates who come from a life other than that of a career politician 
             


         Spencer Stone      Anthony Sadler      Alek Skarlatos
                                       
                                    
American Heroes



         Just how much media coverage is Donald Trump getting?



                   Ovan Lake of the Arburz range, Qazvin province, Iran

New York Times: An assessment of the future risks associated with the proposed Iran nuclear deal, from the viewpoint of authors who are trying to kill the agreement as quickly as possible 


Of course, Israel does not need to be bothered with nuclear inspectors since 1969 or assessments of agreements with the United States or other major powers, despite threatening the immediate use of nuclear weapons against Cairo, Egypt during the Yom Kippur War in 1973

             Dimona: The Israeli Negev Nuclear Research Center



                                                    A tribute to Whitney Houston

Sunday, August 23, 2015
Wall Street Journal: Five things that investors should not do at this point -- not now, its too late

My Way: Vice President Biden consults with Senator Warren as he mulls a Presidential bid in 2016

Jeff Greenfield:   Barack Obama, at this point in his term, finds his party in the worse shape since the Great Depression. Sadly, the numbers speak for themselves -- and the picture is not bright.  


                              Thinking outside the box
           regarding Presidential material in the Democratic Party

       
                                              Mary T. Barra
               Chief Executive Officer, General Motors Company

                  Ms. Barra would make a great President in 2017

Ms. Barra's life story -- a young, real, tough, honest, intelligent, business savvy, globally experienced and accomplished executive

Wall Street's nasty drop has stock watchers chattering nervously around the globe over the weekend


Donald Trump is no fan of Politico -- which goes out of its way to distort the truth --  but he does like the Washington Post



                                             "Talking Body"

Saturday, August 22, 2015
Washington Post: Donald Trump's audacious Southern spectacle is part of his reality TV campaign strategy -- now with a crowd of 20,000


Joseph Adinolfi: Survey shows that fund managers are holding the most cash since the collapse of Lehman Brothers in September, 2008

Mr. Adinolfi's article is interesting. So, if a person suspects a major financial calamity, then safeguarding 5% of your money is adequate?  What a joke. These fund managers have no faith in their own forecasts. If there is going to be a calamity, the prescient person would be either 100% in cash in order to safely weather the storm, or fully invested in a manner to profit handsomely from the crisis.
                      
       
                                   Do you recognize this man?
         He is the Fox News political commentator equivalent of the white guys
                        who used to play against the Harlem Globetrotters.
      He is brought into a Fox News debate specifically in order to be the loser


Friday, August 21, 2015
Dow plunges 531 points as anxieties grow concerning global growth


Brent Arends: Dow 5,000? Yes, it could happen. However, this article is not to be considered a prediction

Market timer -- and chartist -- Tom McClellan forecasts that Wall Street is set up for an ugly decline over the rest of the year

William Watts: This selloff is about China and the emerging markets -- with a dash of the Fed


    
      First, ebola!! -- and now -- anchor babies!! The horrors!! Trump to the rescue

          What rights does the 14th Amendment grant and to whom?

Amidst all the hyperbole about Obama's weakening of America -- here's some truth: The F-35 stealth fighter -- only a fool would fight against something that's shooting 3,000 bullets per minute



                                   "Inseparable"

Thursday, August 20, 2015
Wall Street hit with the biggest losses of 2015: Dow plunges 358 points, with the worst decline in late trading


Market Watch: The venerable Dow Theory just flashed a sell signal


Gold climbs following a dovish statement from the FOMC and falling equity prices

Cullen Roche: The Federal Reserve would be nuts to raise interest rates in September

Washington Examiner: Trump's platform may boost focus on legislation ending birthright citizenship

Sean Hannity interviews Mark Levin on the subject of birthright citizenship under the 14th Amendment

Jamelle Bouie: Trump's astonishingly cruel immigration plan is drawing rave reviews from the GOP


             Only a propagandist would do the following:

        Build an argument upon an undefined "that""You didn't build that."

       Build an argument upon an undefined "this": "On many occasions, the          President has said that he cannot do this with respect to immigration."

     Every propagandist relies on this observation regarding human beings:
      There is no one more blind than the person who does not want to see™ 


Recently, Fox News and right-wing talk radio spent a good deal of time claiming that President Obama has, in the past, repeatedly admitted -- on 25 occasions -- that he cannot issue an executive order regarding immigration. On cue, dozens of excerpts were aired from past speeches of the President in which he stated that he cannot change the immigration laws. 

The effort by the right-wingers was aimed at establishing the notion that the President was either an idiot, a hypocrite or a liar.

However, these media failed to point out that the President -- in those past speeches -- was alluding to the fact that by executive order he could not permanently effect a change to an immigrant's status. He could not do "this" -- "this" being to make a permanent change.  

The President has never in the past stated that he was powerless to effect temporary changes in a population's status through executive orders based on prosecutorial discretion. And in keeping with reality, the duration of the 
recent executive order is only to the end of President Obama's term in office. Obama's successor can rescind the executive order with a stroke of the Presidential pen on January 20, 2017.

Wednesday, August 19, 2015
Dow gives up a loss of 163 points as the price of oil finds a new 6-1/2 year low and the market reviews the most recent Federal Reserve meeting minutes


Former Federal Reserve Chairman Alan Greenspan warns of a pending bubble in the U.S. bond market

     

                            The history of Planned Parenthood

      Margaret Sanger: Planned Parenthood's controversial founder

The Hollywood Reporter: Has Donald Trump enlisted the whole population of the United States into a TV reality show?



Remember him? You may not recognize him since he's not smiling. This is John Edwards. He ran for President in the Democratic Party primaries in 2008, despite the fact that he had just fathered a child out of wedlock, while carrying on an affair with a woman during a time when his wife struggled with terminal cancer. He kept that scandal a deep secret from his supporters.

If Edwards had won the nomination in 2008, or if he had been selected as the nominee for Vice President, it would probably have sank the Democratic Party in the 2008 elections. That means this would be the case:  The Democrats would not currently hold the White House. That reality did not stop Edwards from running and duping his supporters into thinking he was the right man to vote for to become the next President of the United States.

Tuesday, August 18, 2015
Dow loses 34 points, as a short winning streak on Wall Street came to an end today


                   
                                  It must be hard to walk away

Real Clear Politics: Judge Andrew Napolitano addresses Hillary Clinton's potential criminal liability under American espionage laws

Daily Mail: Today's chapter on the Hillary Clinton emails question

                             
There is no one more blind than
                        the person who does not want to see™

Brent Arends: Trump's proposed tax plan would save his family billions of dollars


Bill O'Reilly questions Donald Trump on issues concerning immigration, a border fence, the Fourteenth Amendment and mass deportation

                        
                                 A walk down Memory Lane
A huge number of American media commentators want you to feel that Iran is evil incarnate. And these same commentators ignore the full history of Iranian/American relations stretching back to 1953 -- to the American overthrow of the democratically elected Iranian Prime Minister Mohammad



Tuesday, May 12, 2015
Dow loses 37 points, but it could have been much worse. The Treasury market's recovery saved stocks from greater damage

German bond yields surge amid a selloff in European bonds

Treasurys rebound in midday trading after an early-morning rout


                 Mrs. Clinton: Is this supposed to be a Jedi mind trick?

Hillary Clinton has not answered a question from the media in 20 days, and she has only answered eight questions from reporters since the announcement of her campaign
                                
                           Who are these five heads of state?

                
                                     King Abdullah II ibn al-Hussein of Jordan



                              King Hamad bin Isaa Al Khalifa of Bahrain


                
                &nbs