Romney
Good afternoon, my bipedalled friends. Romney in the catbird seat, HAR HAR. So Romney vs Obama it is, battle of the shapeshifters who put the “p” in politician. [...]
The squeeze, Romney, Perry, and Cain
Good afternoon, my bipedalled friends. With the recent squeeze, the market seems poised to stay range-bound. Under Dow 10,000 is a buy due to QE3, but it may be past the traditional sept-oct period of market weakness before that happens.
Romney is what he is, a corporation-friendly politican. But they are all corporation-friendly, whether they say so or not. Corporations get confused with free enterprise. The big name corporations spend more efforts at the lobbying trough than warding off competition. There was a time where small businesses became big businesses to act as a check on existing big businesses, but nowadays at the chamber of commerce, it’s the same faces year in and year out.
Perry doesn’t have the brains to be president and would be too hesitant to overrule his advisors when he would need to. One should expect to get bad advice a certain percentage of the time.
Cain intriques me. He stands out in a field of so many weak candidates. My main concern with him is foreign policy. Not his inexperience, but his lack of making avoiding no man’s land situations a philosophy of his. Strong leadership is not leading 100% of the time. Many don’t understand that.
Stay safe.
~Marcello~
Fed currency swaps
Good morning my bipedalled friends. Recent market resiliency despite lack of QE3 is due to central bank currency swaps. There’s too much talk about how the Fed is out of ammo when that isn’t true at all. Whenever they do decide to do QE3, the market will run up like a scalded dog.
Stay safe.
~Marcello~
Method to the Madness
BigB and the other Fed head honchos want a refinance boom before they initiate QE3, hence the desire to flatten the yield curve. If Greece and maybe Italy blow up and take the Dow under 10,000 the Fed won’t wait any longer though. If the Dow is 4 digits it’s a buy.
Trade safe, my bipedalled friends…
~Marcello~
The Debt Ceiling and China
The Republicans proudly play hardball about getting their way with the debt ceiling and cutting the growth of government. But they rollover for China with their rush to approve trade agreements. Any attempt to negotiate is labelled as inciting a protectionist war. You should negotiate at least as hard with China as you do with your own countrymen.
~Marcello~
Obama’s chances for reelection…
Obama’s chances for reelection are better than they seem. Of course there’s his biracial heritage. He’ll get more minorities that vote for him because of his race, than whites who vote against him for racial reasons. That allows him to get reelected with an approval rating that’s a few percentage points lower than the 50% a completely white person in his shoes would need. But more importantly, there will be a QE3 coming.
And we know how presidents like a friendly Fed to grease the skids for them, regardless of party. Despite Perry saying he’d treat Bernanke ugly down in Texas, if Perry were president he’d want the Fed pumping like mad for his reelection too.
Stay safe, my bipedalled friends…
~Marcello~
Extraordinary self-regard
I feel like I’m on a roll, my bipedalled friends. In honor of Obama, a person who has extraordinary self-regard.
http://www.salon.com/news/feature/2011/09/01/cenk_obama_boehner/index.html
http://www.commentarymagazine.com/2011/09/09/obama-wings-of-wax/
~Marcello~
If Obama had my gravitas…
If Obama had my gravitas, he wouldn’t be having the problems he’s having. It’s easy to say as I was the pick of the litter. Not everyone can be the pick of the litter, my bipedalled friends.
Stay safe,
~Marcello~
Hello once again, my bipedalled friends
Hello once again, my bipedalled friends. The powers that be at the mighty Federal Reserve had a powwow session last week. They did the “twist” without QE3, and predictably the market got killed. In the absence of corporate tax revenue that would normally be there in a healthy economy, the market needs the Fed to absorb the treasury supply.
Trade safe, my bipedalled friends.
~Marcello~
Legacy Time
Hello once again, my bipedalled friends. Legacy, transformational, historical, inspirational. Obama is definitely a caricature of himself with those buzzwords of his. This is the advice he was publicly giving to Mubarak. You’d think Obama was giving advice to himself.
Chris Matthews also had an astute observation of Obama’s “chilling” transactional quality.
Stay safe, my bipedalled comrades.
~Marcello~
Instead of just outlining Egyptian steps to halt the street violence and move toward a freer government, Obama openly played to Mubarak’s pride and reputation.
Mubarak, facing an uprising in his country after nearly 30 years of rule, has said he will not run for re-election in September. Obama called that a “psychological break” for Mubarak and then challenged him to reflect on his next move. He did that with a reminder that world is watching.
“The key question he should be asking himself is, `How do I leave a legacy behind in which Egypt is able to get through this transformative period?’” Obama said. “And my hope is — is that he will end up making the right decision.”
And Barack Obama, as much I support him in many ways, there is a transactional quality to the guy that is chilling.