Obama May go down as Worst President in History
It is interesting to watch how the Democrats try to distance themselves from Obama. He may go down as the absolute worst president in history. One has to ask was this some sort of plot to make sure no black president will ever be elected again? Is Obama really in charge? Perhaps they just hand him a golf club like Hillary handed Clinton bimbos so she could run the joint.
I attended the National Press dinner in Washington where Clinton delivered the keynote speech. I was sitting at the table with the conservative TV journalists and his speech was so good, everyone had to really applaud – except the few very famous guys I was sitting with. I said to them – come on! That was a fantastic speech in how it was delivered. They conceded that, but still did not like the content.
Most people have no idea that Clinton was elected with less than 50% of the popular votes. Clinton was elected with just 43.01%. The only president to have been elected with a lower percentage was Abraham Lincoln during the election of 1860 (John Quincy Adams does not count being the first public election).
The Democrats just want to be the first for everything – first to support slavery in the early 1800s, first to adopt Marxism in the late 1800s, first to confiscate gold creating two-tier monetary system, first to elect a Catholic, the first to elect a black president, and soon to be the first to elect a woman. Lot of firsts in there.
We will run our political models soon to see who wins 2016. This will be interesting for as the economy turns down from 2015.75, one year is a long-time for election. The Obama stench just may be so great, that rise in a third-party looks possible now.
Canada Shook By Assault inside Parliament
Canada’s capital was attacked on Wednesday by the fatal shooting of a soldier and an attack on the parliament building after a gunman managed to get inside. The gunman in the parliament building was shot dead. The question is WHY? It would be nice if someone investigated and revealed the truth. Was the man just nuts? Or was he disgruntled over some economic issue? There is a huge difference for taxes are rising in Canada and there is the issue of Quebec that should start to rise once again under a separatist movement when the ECM turns down.
The Dow October 22, 2014 & Bond Bubble
The resistance in the Dow Jones Industrial Index for today stands in the mid 16700 zone on a technical basis. Targets in time for this week were Wed and Friday with the latter being the main target. ONLY a closing back above 17010 would signal that the low is in place for a broader term. This week should produce a reaction high. A closing on Friday at least below 16880 will keep the market in check. A closing BELOW 16660 will signal that a drop back into the week of Nov 3rd is possible with a new low.
Retail participation remains at record lows so this crash we will call the Rich Man’s Panic of 2014. The same trend is witnessed everywhere, including Asia and Europe. While the press was bashing the little guy saying he has missed the entire rally,
The stats show that the total size of the world stock market capitalizations closed 2013 at $54.6 trillion which was only 25% of the total world market capitalization – the rest being bonds.The bond market is larger than the stock market for various reasons. Whereas only corporations issue stocks, governments and corporations both issue fixed income securities. The U.S. Treasury is the largest issuer of bonds worldwide. Because U.S, Treasury bonds provide the bulk of reserves which are just over $30 trillion.
This is the real bond bubble. Capital is so accustomed to just hiding in bonds, it knows no other alternative. We can see that debt increased sharply in 1928. However, the collapse with the Sovereign Debt Crisis is what really made the Depression so Great. You can drop the stock market by 50% and you will not create a prolonged depression. Reduce the bond market by 33% and you get a depression.
This is why Andrew Mellon first boasted during the 1929 that conservatives were not hurt -“Gentlemen buy bonds.” However, soon the Crash of 1929 turned into a serious Depression and that comes NOTby taking stocks down, but by wiping out the bond market.
In 1987 we predicted the low, and the very day of the low we stated the low was in place and new highs would be made by 1989. Just as at the low on this move I stated the low should hold temporarily. The numbers always define the market –NOT my personal opinion.
In 2011 even Barron’s reported that I was again warning new highs would be made and again they unfolded with the turn in the ECM. Each and every turn, even 1985 and 1998 in the middle of the Long-Term Capital Management Crisis, that low was followed by new highs BECAUSE the bond market was intact. Undermine the bonds, and then we have a crisis. If you do not look at absolutely all markets and how they function, you will be wrong. You simply CANNOT forecast anything be it gold, stocks, bonds, or commodities, unless you look at the interconnections and for that – sorry you need centuries of data not just back to 1971.
The central banks trying to stimulate the economy with lower interest rates have set the stage for the greatest crash of all time. You cannot imagine the bloodbath if interest rates go back to just 8% where they began this Phase Transition in bonds. We will see the worse economic bubble burst all over the street and this will be the real “GREAT” event of all time.