Financial topics

[Higgenbotham]

AOC is outmaneuvering the 97th Percentile.

She has latched onto the idea of taxing robots.

My prediction is that she will gain traction with that and similar ideas no matter how much the 97th Percentile discombobulates, regurgitates, or just plain barfs.

Side note - Apparently, she picked the idea up from Bill Gates.

[Higgenbotham]

Ocasio-Cortez outdraws presidential candidates, decries moderates as 'meh'

At South by Southwest, the 29-year-old freshman congresswoman drew bigger crowds than any of the half-dozen presidential candidates who came to Austin, too.

https://www.nbcnews.com/politics/congre ... eh-n981451

[Tom Mazanec]

Baby bust dooms Socialism:
https://www.armstrongeconomics.com/worl ... socialism/
The zombie apocalypse of the economy:
https://gnseconomics.com/en_US/2019/03/ ... d-economy/
Corporate debt will make downturn into a disaster:
https://www.caseyresearch.com/this-will ... wn-crisis/

[aeden]

AOC is outmaneuvering the 97th Percentile.

She has latched onto the idea of taxing robots.

My prediction is that she will gain traction with that and similar ideas no matter how much the 97th Percentile discombobulates, regurgitates, or just plain barfs.

Side note - Apparently, she picked the idea up from Bill Gates.

Good catch H https://www.youtube.com/watch?v=e_5iqdWaMWU you seen the rider of the black horse
for the death cult democrats. I was hopeful you knew the inference was not foreign to you.

In 1961, the U.S. Supreme Court acknowledged that Secular Humanism was a religion.
Nevertheless, many Humanists deny the significance of the Court's assertion
Fri Mar 16, 2018 3:50 pm The hand wringers in the "movement" went hard Left in the first two years of Barack Obama’s presidency, and never recovered.

You can see who is riding. AOC sees oppression and is part of a new cycle of turmoil and strife endemic to humanity. Usually, this cycle begins with a period of justice and relative freedom enjoyed by a majority of a populace. It is soon marred, however, by increasing government intrusion into the personal affairs of the citizenry, oftentimes in the form of rising taxes and severe regulation or restriction of employment, trade, speech, movement, and association. This situation creates a powerful, elite group of rulers who inevitably amass and hoard much of the nation's wealth, leaving pitifully little to be distributed to the squalid masses.

Already unpaid taxes from one small venture before and disappeared $880,000 from this segment.
We know who just mounted the black horse of Revelation 6:5-6
This will and has caused those who see the hoof prints before have seen much as many from conditions they can cannot understand.
Hard on its heels comes another reaper, who sweeps up and destroys what his fellows leave behind.

You a good person in a system that has no problem marring those who will have a hearing at the Bema seat. They will not we fear for them
and that mourns the very soul of the poor in spirit who are blessed on that vision of what is to be.
1 Thessalonians 4:14-17 and 1 Corinthians 15:51-52

[Higgenbotham]

Good catch H you seen the rider of the black horse for the death cult democrats. I was hopeful you knew the inference was not foreign to you.

For the purposes of this discussion, it's my opinion that AOC and the attention she is garnering is stock market negative, but the stock market hasn't figured it out yet. I think Gundlach has though, as was covered a few weeks ago. Gundlach is usually early, but correct in spades (Facebook, for a recent example). I believe the 2020 election is going to start mattering early in this cycle. The following she garnered in Austin should be a message to the candidates.

[Higgenbotham]

The election of AOC and the attention paid to her is in my opinion the start of a significant swing in social mood. The establishment (what I am calling the 97th Percentile, for one reason to indicate they are not invincible or bright, either one) has practically created AOC. It's the "Occupy Wall Street" all grown up and now there's nothing they can do to beat it back.

Ocasio-Cortez, freshmen poised to take on Wall Street

An influx of young, progressive freshman members, headlined by Rep. Alexandria Ocasio-Cortez (D-N.Y.), is set to create new headaches for Wall Street and its allies in Washington.

Ocasio-Cortez and several of her newly elected Democratic colleagues are joining the Financial Services Committee, the powerful House panel overseeing banks, lenders and markets.

https://thehill.com/homenews/house/4257 ... all-street

[Higgenbotham]

a, below is the Archdruid's take on this subject, which I agree with. He seems to believe that this will be stock market negative.

What is your take on Rep. Ocasio-Cortez?
The right wing is obsessed with her, Progressives love her, the democratic leadership seems to be afraid of her. And I think it is all for the same reason: She expects the democratic party to actually be the “peoples party” not the party of the privileged, and that has everyone freaked out.

Jim, that strikes me as a good analysis. Ocasio-Cortez is what Europeans call a social democrat, thus far to the left of the current range of acceptable politics. I disagree with most of her stances but I’m glad to see her and her ilk getting into politics, because a good dose of political radicalism is one of the few things that reliably gets America’s kleptocratic rich to rein in their excesses enough to let the economy balance itself.

https://www.ecosophia.net/a-wilderness-of-mirrors/

[Tom Mazanec]

China's $6,000,000,000,000.00 LGFV bomb:
https://www.zerohedge.com/news/2019-03- ... redit-risk

[Higgenbotham]

> The headlines and comments over the past week indicate that the
> Central Banks are not going to give up on trying to prop up the
> stock market. My loss grew from 49K to 55K this past
> week.

Did you believe that they would give up trying, and then get blamed
for letting stock prices fall?

From 2010 in the Inflation, Deflation, Gold and Currencies thread

There are hundreds of trillions of dollars in structured securities floating around, but only at most a trillion or so of QE is politically possible.

The first quote is from our discussion of March 3, 2019.

That's what I thought too - at most a trillion of QE would be possible. But they ultimately did $4.5 trillion of QE. As it turned out, the amount of QE they did correlated pretty well with the rise in stock prices. However, I think it'll be pretty tough for them politically to start another QE program just because stock prices fell 20% late last year from ridiculous levels. And, given that, I think they'll be afraid to use what little interest rate ammunition they have right away.

So I believe the Fed will be forced to give it up. Who will be pinned with the blame is up in the air. Trump is trying to make sure it's not him, but we'll see. I felt Powell did a nice performance on 60 Minutes and the rest of the crew did a nice job of backing him up. The only problem I saw is it sounded too much like "Subprime is contained."

[Tom Mazanec]

The global economy is a time bomb, just like in 2008:
https://www.truthdig.com/articles/the-g ... o-explode/
Everything bad about MMT is already here:
https://www.forbes.com/sites/patrickwwa ... b4f476726b
Twenty bad years ahead for stocks:
http://www.shtfplan.com/headline-news/i ... s_03122019
$1,000,000,000,000.00+ deficits and global growth lowest in decade:
https://www.bloomberg.com/news/articles ... ts-eco-day
Credit card debt level and growth at extremes:
https://www.silive.com/news/2019/03/con ... finds.html