Great expectations on Trump’s ‘greatest achievement’

Judging from the responses to Tuesday’s post regarding President Trump’s “greatest achievement”  coming from the envelopes distributed at George H.W. Bush’s funeral mass, there is an appetite for more comment.

The president told Fox’s Jeanine Pirro in a weekend interview, “One day this will probably be my greatest achievement.” The president continued, “people will be exposed that nobody ever thought possible.”








I believe this is the moment (above) where Laura Bush and Jeb Bush learned that George will work with the president on uncovering corruption and more in the federal government over the last 25 years.

The shock and awe on Laura’s and Jeb’s face after reading the note that was passed to Laura along with the quiet resignation on President Bush’s face speaks volumes on what his future may look like.

I wrote extensively about the funeral showing the videos of the notes being opened.

Not sure how or when George Bush will tell authorities what he knows of the malfeasance and possibly treasonous acts that took place in recent history and the possibility of revelations on the 9/11 attacks, however we will be waiting with bated breath.


Busy week: Huawei arrest, funeral dread and Whitaker’s relief appearance

There is so much going on this week I feel its appropriate to do what’s called a notes column on multiple news events.

The liberal left media is screaming about Trump’s DOJ requesting Canadian authorities to arrest China’s Huawei Technologies CFO Meng Wanzhou for the company’s violating Iran sanctions by trading with the country.

Why is this not Trump doing what is right against a firm that has been linked to spying on US citizens and stealing technology from American tech firms without paying royalties for the use.

No the media are saying Trump is trying to ignite further trade wars with China, which is taking down the stock market. If Trump did nothing it would then be China collusion.

Can’t win

Did you see some of the video of George H W Bush’s funeral on Wednesday?

There is a clip of Hillary Clinton opening up her program and an envelope falls out of it. She opens it and two seconds later puts it back in the envelope. Former President Jimmy Carter sitting next to her looks into his booklet to see if he has an envelope, which he did not, and asks his wife Rosalynn and she shakes her head no.

Then there is a clip of George W Bush’s wife Laura looking at a similar envelope given to her by her husband as her face grows dark. She shows her brother-in-law Jeb and his face goes from a slight smile to that of dread as his shoulders fall into his body.

Not sure what these notes said, but I’m sure it was not condolences.But we can assume the note was very short, due to the quickness of the readers reactions.

These were targeted messages to Hillary Clinton and Bush II, which was allowed to be inserted into their programs by their Secret Service detail.

The White House leaked Thursday that President Trump is considering nominating William Barr to be the next Attorney General.

Suggesting that Acting Attorney General Matt Whitaker’s tenure will be similar to Anthony Scaramucci’s role as White House Director of Communications for 10 days to blow it up and get some troublesome staff to leave.

Whitaker will do the needed declassification of the FISA documents perhaps and then turn the office over to Barr who served as AG under Bush II.

It’s funny, I wasn’t aware that the president was a baseball fan, but he uses some staff as specialty relief pitchers, who come in to face one batter (or problem) and then leave the game.

Quiet markets as Trump sets out his cabinet

The holiday shortened week will give a temporary reprieve to the strengthening dollar as most bond and currency traders take time off before the year-end push.

A bit of an explainer for some readers.

The strengthening dollar against other currencies makes import items more expensive, but it is also a trigger for higher bond yields, which increases costs of servicing the debt. Now the argument goes that the cost of servicing the debt is less with a stronger dollar, but the strength is temporary.

In December, when the Fed raises interest rates, which is almost a certainty, it should weaken the greenback, but send Treasury interest rates higher. So cost of capital will be higher for mortgages, car loans and the like, causing a further fall in those sales. You won’t see any type of appreciable interest in your savings deposits as a result to offset that rise in debt service.

Where the stock market goes is pretty simple. Just like last year, when the Fed went 0.25 percentage points in Dec. the stock market went higher, because of year-end window dressing.

This is the practice of making portfolios look good for the year-end statement to clients and then after New Year’s equities will sell off on the rate hike. It’s a time-honored tradition on the Street.

So I don’t expect much market-moving news this week. After Wednesday’s market close and well before Monday’s opening bell we should get President-elect Donald Trump’s announcement of Secretary of State and perhaps Treasury Secretary as well.

This will give markets a reasonable time to digest the news, without whipsawing the markets.

Just some thoughts on the cabinet positions. The Trump Administration needs to have Ted Cruz and Jeb Bush in it to thwart any type of insurrection in four years.

Jeb Bush has not come up in any conversations since the animosity between the two is legendary , but I would think the State job might tweak his interest and help with the resume. Cruz’s name has been floated for Justice and that might make sense given his temperament.

I don’t think JPM’s Jamie Dimon will take Treasury job, but I do see Steve Mnuchin in that spot. He does have the necessary Goldman Sachs background (lol) and he has worked for George Soros, which means he has a globalist agenda to offset Trump’s nationalistic campaign rhetoric. This is what I meant last week when I wrote “Meet the new boss, same as the old boss.”