Well, the Tariff Terror was short-lived when it comes to the stock market.
The Dow shot up 336 points on Monday, with another 150+ points in Tuesday’s pre-market futures.
The breaking news of North Korea seeking face-to-face peace talks with the US also takes stock market threat level down a few notches.
The first news reports out of South Korea that North Korea is willing to give up its nuclear weapons if the safety of Kim Jong Un’s regime is guaranteed, give little credit to the Trump Administration for getting its stated objective before talks could begin.
The warming comes two weeks after Trump representatives including Vice President Mike Pence and Ivanka Trump were in South Korea for the Olympic games.
Just like the Tariff Terror narrative, it will be very easy to be for the peace initiative when you see who is lined up against it.
As I said Monday, the Oscars telecast probably suffered from the #NotMe movement sweeping through the middle of America.
Well the rating numbers are in and the telecast had the lowest number of viewers ever and it’s the largest year-over-year drop ever.
I wrote a lots of evers there, yet Hollywood still believes its speaking for America, when in fact it really only resonates with the liberal cities on both coasts.
What exactly is going on in Washington DC these days?
You have a movement since Donald Trump was elected and promised to “drain the swamp.” While many scoffed at the thought of being able to pull off something like that, let’s look at what is actually happening since last January. Continue reading →
The present day McCarthy hearings about Russian influence in the Trump administration has all the validity of the senator’s 1950’s witch hunt, it’s just flipped on its head.
While Senator Joseph McCarthy (WI-R) launched a crusade to root out fears of widespread Communist subversion during the beginning of the Cold War.
McCarthy charged that large numbers of Communists and Soviet spies and sympathizers had infiltrated the United States federal government and US society including Hollywood.
So now we have the flip side as Democrats are charging Russian influence under every blade of grass on the White House lawn. The fervor of McCarthy and his side-kick Roy Cohen saw “pinkos” conspiring to overthrow American values.
For me, this present day witch hunt is through the left-leaning media is not out of fear of undue influence of the Russian government’s infiltrating American society, it’s more about keeping the White House on the ropes over the issue to keep it from rolling back the Obama’s progressive movement over the previous eight years.
The amount of attention and resources put to the premise that President Trump or his surrogates conspired with Russia to somehow throw the election has been exhaustive without a charge leveled against anyone other than National Security Advisor Lieutenant General Michael Flynn misleading Vice President Mike Pence about the nature of his communications with the US Russian ambassador and whether he received money from foreign governments without getting the required approval.
However, divided government with the possibility of nothing of any merit — such as tax cuts and infrastructure spending, which would benefit many Americans — happening markets are bound to move higher.
Let’s look at the differences between a CEO and the President Of The United States.
President-elect Trump has been criticized for not wanting to take daily briefings from intelligence agencies and delegating other tasks to Cabinet Secretaries.
A CEO running a business doesn’t take multiple daily meetings, they set direction and let others take the lead.
Trump is not a president who has only been in the public sector his whole life, never generating a profit or a job for anyone else.
Vice President-elect Mike Pence will be the day-to-day executive running operations. This position equates to President in business. Pence will take the meetings and consult with Trump on direction.
This is the effective way businesses run. Someone needs to be looking out at the long-term view and not get bogged down in minutiae.
Each Cabinet position will be treated like a silo in a multi-national conglomerate. They secretaries will have P&L over their operations and report to Trump for direction and Pence for sometime daily meetings based on demand.
This White House will be very different from the Obama administration. Much more self-directed with little to none public comments. It will do, It will act and it will have little comment for the press.
That’s the nature of business. Look at the results.