Ugly! "Failure Almost Guaranteed" Regardless of Who Wins the Election
/Wednesday
/ Oct 2016
Posted by mishgea | October 26,
2016 6:07:45 | Economics
*≈ 57 Comments
*
The word of the day is "ugly". That's how Steen Jakobsen, Saxo Bank CIO
and chief economist describes the US presidential campaign, broken
social contracts, public debt, and productivity.
Things are so ugly, Jakobsen says "/failure is almost guaranteed/"
regardless of who wins the election.
ugly
This is a guest post by Steen Jakobsen. The original appears at US
Election: Nothing to lose - #SaxoStrats
*US Election: Nothing to Lose*
My present macro speech is titled "Ugly: Don't fight with 'ugly' people
as they have nothing to lose".
To me, this is the essence of the US presidential campaign. The ugly
truth surrounding this ballot lies in the bigger picture, as whomever
becomes president will go down in history as the "non-president" --- the
president who made us need, see, and demand something else.
For all of the colourful headlines, and the almost McCarthy-esque
pursuit of Trump by mainstream media, this is not going to be about
"Trump, the person" or his more or less moronic views; Trump merely
represents the catalyst for change. He is the anti-establishment
candidate, yes, but not our vision for the future.
Ultimately, Trump may still win despite (rather than because of) being...
Trump.
That does not excuse mainstream media for not going after Clinton. If
elected, she will be the least-liked president in US history, and I
doubt any of her policies will do anything good for America.
More Barack Obama-type policy is not what the world needs. Obama may
have created more jobs, but the average income for American has actually
fallen during his presidency. What does this mean? It means he has
presided over an economy that has created more jobs but less valuable
ones, and growth during his tenure has been lower than during any other
president, with the largest build-up in debt.
I am pretty sure that even this economist could create jobs with the
amount of money Obama has spent!
total-us-public-debt
Mind you I am 100% agnostic, politically-speaking. In fact, I don't even
think this election really matters! No, this is not a new trend; no,
Clinton is not the answer... but what this is a generational repositioning
and renegotiation of the social contract.
The last time that this happened was in the 1960s, when the children of
World War II went for peace, love, and a lot of drugs. Now we have the
Berlin Wall generation coming of age, and this time the focus is
anti-globalisation and anti establishment sentiment... and yes, again a
lot of drugs.
The real election issue in America, but also in Europe. is how to deal
with a broken social contract. Society has been pushed so far away from
its natural equilibrium in terms of markets, social homogeneity,
equality, and productivity that the move back to "normal" will bear both
a political price and a penalty in terms of growth and outlook.
Put differently, when we look throughout history we know that part of
the process of evaluation is to smell, feel, taste, and experience what
we don't need in order to move towards what we do --- a better version of
society, but mainly a better one of ourselves.
The next election cycle is about protest; it will be followed by crisis
and then new beginnings.
I firmly believe, and have repeatedly focused on the fact, that we as
human beings need to fail in order to create a mandate for change. With
regards to this dynamic, the US presidential campaign comes up short in
many categories except one: failure is almost guaranteed.
If Clinton wins, the probability of a recession increases immediately
and big business with return to a '70s-like state under a
Politburo-esque White House.
If Trump wins, we will have taken the fast track to massive political
upheaval as the end of the Democratic/GOP monopoly on politics shifts
towards a social agenda against globalisation, openness, and trade... the
only good thing to come out of such a change would be the fact of change
itself.
This US elections will not have any winners, only losers --- but don't
despair. The US and the world economy will come back, and with
surprising strength, but the political timeline is now finally aligned
with the economics malaise created by central bankers. By this I mean
that the corresponding low points in politics, economics, interest
rates, and inflation, and the high points in terms of financial asset
valuation and inequality, are coming to an end.
Volatility and uncertainty will be high the next over the next nine
months (through the German election) but in the end, talk must cease and
reality must reassert itself.
This is the best news of all. By accepting that the social contract is
in dire need of being corrected, we could see a strong V-shaped recovery
as early as the US midterm elections of 2018.
Voters are the ones with nothing to lose, not the ugly. This time
around, change is what they crave; understand this and you will navigate
the next election cycle with confidence.
protest-election
Steen Jakobsen is chief economist and CIO at Saxo Bank
*Mish Comments*
Removal of a single word will make the title more accurate: "Failure
Almost Guaranteed".
* Trade policy will be a disaster under either Hillary or Trump.
* Hillary is far more likely to start a major war.
* Neither has a realistic plan to reduce the deficit.
* Hillary will not fix Obamacare, she will make it worse.
* Congress might not let Trump start over on Obamacare.
* Hillary will support freedom of choice, Trump won't.
*Not a Coin Toss*
This is not a coin toss. Hillary's supreme court nominations will be a
guaranteed abomination.
This is a case of heads you lose, tails you lose more, possibly to the
point of getting into a war with Russia under Hillary.
In disagreement with Steen's assessment "/In fact, I don't even think
this election really matters!/" I propose the election does indeed
matter, for several reasons, even though I agree we all lose because
both candidates have serious issues.
*V-Shaped Recovery?*
I question Steen's "strong V-shaped recovery" by 2018 thesis.
Why? I fail to see how we get any meaningful reform under Hillary. I
also fail to see central banks doing anything other than repeating the
same mistakes they have made for the past three decades.
Look at demographics in Europe and Asia. Look at housing bubbles in
China, the UK, Australia, and Canada.
Structural problems are massive. Risk of a collapse in trade is very
real. What is going to fix the Eurozone?
If the "V-shaped recovery" depends on a "crash" then we may indeed see a
strong recovery, but from where to where, and what about pension
assumptions of 8% annualized?
Yes, it's ugly!
Mike "Mish" Shedlock
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About mishgea
Mike "Mish" Shedlock is a registered investment advisor representative
for SitkaPacific Capital Management.
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57 thoughts on "Ugly! "Failure Almost Guaranteed" Regardless of
Who Wins the Election"
1.
craigums
/said:
/
October 26, 2016 6:20:34 at 6:20 PM
I enjoyed this guest post. That said, whether or not Trump or
Hillary wins, I think the collective eye of humanity is finally
being pointed towards the overall corruption and more importantly
*intentional concealment* of the facts of globalism/government/etc.
It's already massively apparent, and as Victor Hugo said:
All the forces in the world are not so powerful as an idea whose
time has come.
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*
madashellowell
/said:
/
October 26, 2016 8:01:02 at 8:01 PM
A person can only be agnostic in this election if they see no
value in the constitution, or the rule of law. There is only one
choice in that regard.
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o
Mike (not that Mike)
/said:
/
October 27, 2016 9:25:33 at 9:25 AM
Which choice would that be? Darrell Castle or Evan McMullin?
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2.
greg
/said:
/
October 26, 2016 6:21:55 at 6:21 PM
This should mesh quite nicely...
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*
Firstname Lastname
/said:
/
October 27, 2016 9:54:22 at 9:54 AM
Can we take-up a collection and buy this guy a Popper Stopper
for his microphone? My subwoofer is trembling with fear that
I'll unpause the playback.
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3.
peterblogdanovich
/said:
/
October 26, 2016 6:41:19 at 6:41 PM
Same idea from Fred Reed but much funnier.
https://www.lewrockwell.com/2016/10/fred-reed/americas-doomed/
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4.
David A
/said:
/
October 26, 2016 6:56:23 at 6:56 PM
"Hillary will support freedom of choice, Trump won't"
=========================================
What does that mean?
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madashellowell
/said:
/
October 26, 2016 8:02:45 at 8:02 PM
It means the freedom to kill viable fetuses and the removal of
choice in self defense.
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5.
Jack Coughlin
/said:
/
October 26, 2016 7:01:35 at 7:01 PM
Freedom of choice ?? Are you saying this election, for all its
ugliness, is about a mother's right to kill her child vrs an
innocent child's right to live ??
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*
madashellowell
/said:
/
October 26, 2016 8:06:22 at 8:06 PM
Curious to see the statistics on abortions compared to gun
deaths. The right to choose life or death. Defenseless.
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o
KHS71
/said:
/
October 26, 2016 9:11:02 at 9:11 PM
Abortion statistics in the United States
Year Number of Abortions reported to CDC induced abortion
ratio per 1,000 live births
2010 765,651 228
2011 730,322 219
2012 699,202 210
Total 51,923,070 since 1970
According to the Centers for Disease Control and Prevention,
in 2013, there were 73,505 nonfatal firearm injuries (23.23
per 100,000 U.S. citizens);[2] 11,208 homicides (3.5 per
100,000);[3] 21,175 suicides;[4] 505 deaths due to
accidental/negligent discharge of a firearm; and 281 deaths
due to firearms-use with "undetermined intent",[4] included
in a total of 33,636 deaths due to "Injury by firearms",[4]
or 10.6 deaths per 100,000 people.[4] Of the 2,596,993 total
deaths in the US in 2013, 1.3% were related to firearms
Approximately 1.4 million people have been killed using
firearms in the U.S. between 1968 and 2011
51.9/1.4 = 37/1 ratio for about the same time span.
All info from Wakipedia.
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6.
Frank Brady
/said:
/
October 26, 2016 7:41:29 at 7:41 PM
Hi Mish. You wrote, "If Trump wins, we will have taken the fast
track to massive political upheaval as the end of the Democratic/GOP
monopoly on politics shifts towards a social agenda against
globalisation, openness, and trade... the only good thing to come out
of such a change would be the fact of change itself."
What the hell does THAT mean. That "good thing" is exactly why an
agnostic position on Trump vs. Clinton makes absolutely no sense at
all. That "good thing" is the ONLY thing that really matters in this
election. Snding globalization and state-managed "free trade" to the
abyss is a total plus and Trump is certainly more "open" than the
Hildebeast.
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*
madashellowell
/said:
/
October 26, 2016 8:29:25 at 8:29 PM
The opposite of corruption IS the rule of law. Anyone who does
not see corruption as our greatest threat at this point, just
isn't paying attention.
The very foundation of our society and economy is TRUST and the
confidence in that trust. The audacity of corruption threatens
everything. We can survive debt and even bankruptcy. We can
survive almost anything EXCEPT the loss of trust and confidence.
We print fake only backed by nothing BUT confidence. We
proliferate contracts with the legal burden to our economy
immense, only to discover that they, like our money , is rarely
worth the paper its printed on.
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greg
/said:
/
October 26, 2016 10:15:29 at 10:15 PM
Like
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o
peterblogdanovich
/said:
/
October 27, 2016 12:46:00 at 12:46 AM
Thank you for posting this. Really. It's quite fantastic.
This needs to go viral. Seriously.
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o
Roger
/said:
/
October 27, 2016 2:01:48 at 2:01 AM
Brilliant, brilliant post, Greg!
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+
Diogenes
/said:
/
October 27, 2016 5:01:46 at 5:01 AM
1994 :
Sir James Goldsmith appearing on The Charlue Rose Show,
doing a one-bullet-point-at-a-time rebuking of NAFTA and
hoping against all hope that people would understand
what it means for their future.
2016 :
The PGA Tour rebuking Donald Trump and threatening to
relocate The Cadillac Open golf tournament from the
Trump owned country club that is hosting it because of
Trump's comments about Cadillac building new automotive
assembly plants in Mexico.
Does it look like anybody got the message that Goldsmith
so passionately tried to convey some 22 years ago? I
doubt they will understand what this fellow is trying to
say here on the video that Greg has posted, but
thank-you for trying anyways.
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7.
Illegal
/said:
/
October 26, 2016 7:54:00 at 7:54 PM
Maybe if this election destroys the MSM we would be better off.
Internet sites like this will become more important for getting
information and discussing important topics.
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*
Diogenes
/said:
/
October 26, 2016 8:49:31 at 8:49 PM
If the MSM was ever going to be destroyed over their left
leaning bias, I have to wonder why it didn't happen when Dan
Rather set out to topple Dubya with his drummed up documents
from Bush's Texas Air National Guard service.
Nothing will change the media. It's up to the voters to send the
Clintons on their way. Not the Dems, not the GOP, not Assange or
Snowden or Project Veritas. Hells Bells, not even Trump for that
matter!
The American people must simply, but collectively, say no more
and reject Hillary as their president. That opportunity will be
presented to them on November 8th. Will they accept their duty
and send her away? We shall see.
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o
k0jeg
/said:
/
October 27, 2016 8:57:13 at 8:57 AM
The media is left-biased because they understand how easy it
is to influence people, mostly because of the advertising
effect. A few years ago the marketing guy stopped by my cube
(he had an office, btw), to check on orders booked for the
next week, which were very light. He mentioned that he had
an ad dropping in the Sunday paper and wanted to make sure
we had enough job time available. Even though I had a
background in advertising, I made a cynical comment about
newspaper advertising and went on my way. The following
monday we were booked out the entire week. Advertising
works, marketing works, and people are easily manipulated.
The media understands that, and because of this they think
someone needs to protect us from ourselves.
Even the intelligent amongst us are often pulled in. How
many high-IQ people get giddy over a new movie? One that has
the same poorly written story that's in every other movie?
One that seems to have more opportunity for toys and tie-ins
than actual character development? How many of those same
high-IQ people go as far as to play dress-up and drop
hundreds of dollars on various "cons" that promote even more
poorly written overproduced films? If the smart people get
suckered in, what happens when stupid people are exposed to
marketing?
We're really not equipped to handle mass media and marketing
on a global scale. Our brains can't really tell the
difference between a character in a film, a celebrity, or
our own friends. How many times have you met a celebrity
(even a very minor one like a favorite author) and felt like
you have a relationship with them? With the rise of blogging
and social media that feeling has become magnified. I'm sure
if I met Mish I'd probably talk to him like he was a friend,
not just someone who's blog I read.
Again, the media in this new world see these things
happening and want to make sure the masses are not just kept
in their place, but also that the only way to help us is to
control us. And the majority of the masses really do want to
be controlled, or at least have many of the big scary
decisions made for us, because if the decision is wrong, we
can blame anyone but ourselves.
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+
Ron J
/said:
/
October 27, 2016 9:33:51 at 9:33 AM
"How many of those same high-IQ people go as far as to
play dress-up and drop hundreds of dollars on various
"cons" that promote even more poorly written
overproduced films?"
How many movies bomb at the box office, after poor films
are highly promoted? Even a highly bankable star, won't
get people out to see a really bad movie.
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8.
David
/said:
/
October 26, 2016 8:28:40 at 8:28 PM
MISH, with all due respect. When u lost faith with Trump, U lost
credibilility. Get it?
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*
craigums
/said:
/
October 26, 2016 8:46:47 at 8:46 PM
I wouldn't go that far. Mish's credibility lies in economic
analysis (as the title of this blog says.) But, in my eyes, he
does not have Scott Adams level credibility when it comes to
predicting the outcome of this election.
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9.
vooch
/said:
/
October 26, 2016 8:28:54 at 8:28 PM
Trump's Plan to eliminare federal debt is currently downplayed but
he was consistent in the beginning on a few key points:
1) Entirely Shut down certain federal ministries such as Depart. of
Education
2) eliminate corruption in gov't contracts
3) restructure entire federal workforce
4) privatization of big swaths of gov't owned property
5) renegotiate federal debt obligations
He stated a couple of times in begining of his campaign that he
could eliminate the entire $20 trillion debt in less than 8 years.
He believes the federal gov't is insolvent and appears to believe
treating the situation as a business restructuring challenge is the
way to go.
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*
kidhorn
/said:
/
October 27, 2016 8:01:58 at 8:01 AM
The problem is entitlements and nothing addresses that. Paying
gov't employee salaries is a small fraction of expenses and much
of it is collected back in taxes. That's far from the most
important thing to attack.
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10.
David
/said:
/
October 26, 2016 8:36:42 at 8:36 PM
In other words, now U sound like u are backtracking. Unbecoming, I
must say. I thought u were a man. Another one bites the dust . why
comment now?
U already made ur prediction. U sound pathetic. U look more and more
like speaker Ryan. In fact u sound like St. Peter when he was asked
3 times and denied it all. I will no longer read ur blog. I hear
something...it's a rooster . Get it? MISH ooops I forgot "PETE".
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11.
Six000MileYear
/said:
/
October 26, 2016 8:38:06 at 8:38 PM
In looking at the cycles in the US financial markets, I see a
potential low into the first half of 2018 due to the 3.3 and 7.3 yr
cycles, followed by a bear market rally. Since there is a cycle
larger than 20 years heading down in 2018, the strength of the 7.3
year cycle will not be enough to offset the 3.3 yr cycle slide into
late 2019/early 2020.
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12.
elliptico
/said:
/
October 26, 2016 8:39:58 at 8:39 PM
Mish, if by "freedom of choice" you mean abortion, in spite of what
Trump said, I doubt very much he is against abortion. He needs the
conservative vote, and will talk up anti-choice SCJ nominees when he
has to.
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13.
Mike
/said:
/
October 26, 2016 8:44:24 at 8:44 PM
It doesn't matter who wins if bankers continue engaging in
inefficient bank central planning of the economy. Bankers will
create a future banana republic regardless. Corporate and city
pensions are toast if bankers keep printing.
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Liked
by 1 person <#>
Reply
14.
Kinuachdrach
/said:
/
October 26, 2016 9:13:28 at 9:13 PM
What I can't understand is why people who are in favor of abortion
cannot say "abortion". Why do they lie to themselves with silly
expressions like "freedom of choice"? And are they trying to lie to
us too?
One thing is entirely obvious - everyone has "freedom of choice" all
the time! If a woman wants to take a baseball bat to her neighbor's
head, she has freedom of choice to act that way. It a man wants to
do a Bill Clinton to every woman he meets, he too has that freedom
of choice.
But everybody has to live (or sometimes, die) with the consequences
of the exercise of "freedom of choice".
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*
kilkenny123
/said:
/
October 27, 2016 12:02:54 at 12:02 AM
First, saying one is in favor of 'abortion' frames that person
as having a preference to the unwanted pregnancy's outcome
(meaning, kill the fetus). Framing the issue as a woman's right
to choose (i.e. "Freedom of Choice") shifts the focus away from
the supporter and onto the mother to make the choice. It also
takes the power of the choice away from the public (actually,
from the law) and returns it back to the woman.
Please don't get me wrong. In my opinion, abortion is murder.
But, as a former soldier, I long ago accepted the prospect of
murder as potentially justifiable. Anyway, I abhor the thought
of abortion, but can understand circumstances where not-aborting
becomes a genuine threat to the mother health and welfare (i.e.
it becomes a matter of self-defense). Anyone who disagrees with
that, BTW, is free to adopt unwanted kids to prove raising a
child won't impact their welfare.
As for why the abortion rights movement uses the term "freedom
of choice" when referring to the abortion debate, your words
seem to confuse the freedom to exorcise one's preference with a
choice that breaks the law. A 'preference' carry's the
consequences mostly related to one's future standard of living.
The other carries the consequences of breaking the law. There's
a big difference: In other words, yeah, we're free to speak any
word we wish, but if that word is 'FIRE', and it's yelled out in
a crowded movie theater... that choice incurs the law's consequences.
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Jon Sellers
/said:
/
October 27, 2016 5:58:43 at 5:58 AM
Abortion. There you go.
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15.
RH
/said:
/
October 26, 2016 9:17:18 at 9:17 PM
The point of the article is valid.
What will hopefully come out of this though is that next election
will be contested by different people with much better agendas:- a
sort of Trump mark II and maybe even a Bernie Sanders mark II.
It was time to for the US to reinvent itself but the forces will be
even more evident next time.
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*
Roger
/said:
/
October 27, 2016 2:56:31 at 2:56 AM
I don't see the US reinventing itself --- at least peaceably. As a
keen observer from the other side of the Atlantic (I'm English),
my fear is that the US has but one intrinsic way and that is to
push and push and push the system until it breaks. It will then
push a little bit further until whatever is left is completely
smashed to pieces. Unfortunately it often seems that America has
no other way; incremental improvement and evolution don't seem
to sit comfortably in its culture.
In this case the system happens to be its own society, and the
people doing the pushing are the political and banking classes
and the few SIGs pulling the strings in the background. My
judgement is that society in the US isn't even at the broken
stage yet. It may be creaking at the seams a little bit. People
may feel worse off than they did a generation ago ... but there
are still plenty of people who are comfortable enough with their
lot to continue with the status quo. I saw a short film
yesterday (by of all people Infowars) and was amazed at how many
voters continue to blindly accept Clinton as the virtuous party,
and Trump as the source of all evil. Moreover TPTB are not
simply going to roll over.
So despite the discontent, I believe that we may well see a
Clinton victory by hook and by crook. Society in the US will
continue to be pillaged and the pillaging will go on and on
maybe for years to come until it is utterly broken. All sorts of
tricks will be played by the power brokers to ensure this
happens. But we will certainly known society is broken beyond
redemption as the rule of law will have substantially broken
down. A tipping point will have been reached and some (possibly
quite minor) discontinuity will spark all hell to break loose.
That is the point at which the US will reinvent itself, but it
won't be a quiet democratic transition and sadly not before a
great deal of civil unrest has taken place.
I truly hope I am wrong about this, and as noted in Greg's
excellent video above, the US does have a historic chance to
peaceably change direction RIGHT NOW. It's just that I
personally don't see things panning out that way and don't share
his optimism. I sure hope I"m wrong.
Respectfully
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16.
Mission Accomplished
/said:
/
October 26, 2016 9:20:33 at 9:20 PM
Broken social contract?
Only for the former middle class.
The millions of 3rd world migrants are happy as pigs in shit.
Sometimes they really can 'rip off the other guy and pass the
savings on to you'.
Hillary-ous!
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17.
akiddy111
/said:
/
October 26, 2016 9:23:00 at 9:23 PM
Steen Jakobsen:
I followed him closely since Spring 2009. He was bearish on the USA
(and bullish on emerging markets) at that point.
If memory serves, he said he was shorting everything at the
beginning of February this year when the market was close to it's
low point.
Jakobsen and Albert Edwards. Those guys are serious Armageddon material.
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18.
LFOldTimer
/said:
/
October 26, 2016 9:36:42 at 9:36 PM
What a defeatist attitude and stupid way to think. IOW's it doesn't
matter who you vote for we get the same outcome. Hogwash!
At least Trump would try to dig us out of the hole. Hillary would
only dig a deeper one.
The Republican elite want Hillary in the White House because she's
their ace in the hole. If the Republicans ruled the 2 Houses and the
Executive Office --- then the GOP wouldn't have any more excuses for
refusing to repeal ObamaCare, to enforce our immigration laws, to
protect US jobs via trade policies, to balance the budget, to halt
the increase of the debt ceiling and deficit spending, etc....
All the Republicans need to say is "Hillary will veto our bills and
we don't have enough Senate votes to override her veto" or "If we
vote to halt government operations the democrats will turn the
country against us".
All of 'em are full of BS.
At least Trump has new ideas and ways to turn the country around.
Anybody who buys Jakobsen's argument is swallowing the bait all the
way down to the gut. Essentially he's saying regardless of who you
vote for you get the same outcome. Total malarkey.
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*
Diogenes
/said:
/
October 27, 2016 5:32:49 at 5:32 AM
In 2014, the voters delivered a Republican majority in both
bodies of the legislature : US Senate and the House of
Representatives.
In return, the Republican establishment delivered what, exactly?
John Boehner's resignation for one, for which most of us are
eternally grateful, but also a ridiculous budget and a
stonewalling of Merrick Garland for Supreme Court. Big deal.
Boehner started heading for the exit the moment he realized it
was expected that he lead. We may yet regret not accepting Garland.
You see how hard this is going to be? Even with a sworn and
seated majority, there will be an awful lot of sitting on hands
and doing nothing. A shake up is needed and only a Trump type
character can effect such a shake up. The left (read : the
media) was going to villify whoever was nominated, but at least
with Trump he's trying to fight back.
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19.
joelg5
/said:
/
October 26, 2016 10:13:50 at 10:13 PM
Sounds about right, LFOldTimer. It is shaping up to be an
interesting election. Trump seems to have the momentum to win, and
is ahead once again in the western states, Ohio, Florida and Texas.
I catch the TV news in snatches here and there, and they now tout an
average of the polls going back 10 days to keep Hillary in the lead.
A ton of Hillary popular votes in California and New York cannot
offset losing all the key swing states. I think sending all her
surrogates out is backfiring, as people realize these yin-yang
Hillary campaign surrogates will be the cabinet. Hence, AZ and NV
revolting from their Hillary flirtation and turning Trump again.
Jakobsen is in Germany, and from a distance you miss the fine print
here in the USA. I wonder if it makes no difference to him if Merkel
or AfD rules Germany. In any case, change is coming.
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20.
akiddy111
/said:
/
October 26, 2016 10:37:16 at 10:37 PM
Trump has said that his impulse is to grab every attractive woman he
sees. He also said that these type of women find him irresistable......
and he was not saying this for the camera
The guy needs to get to a shrink, not to the Oval Office. Why not
bring in Silvio Berlusconi as his chief of staff while he's at it ?
He takes the term "loose cannon" to a whole new level.
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*
Skeptic
/said:
/
October 26, 2016 10:50:46 at 10:50 PM
JFK believed the same things. What's your opinion of him?
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LFOldTimer
/said:
/
October 26, 2016 11:07:35 at 11:07 PM
Bill Clinton makes Trump look like a piker when it comes to
sexual predation. And Hillary has been Bill's enabler and
defender for the last 30 years. She's trash talked every one of
his victims.
Strange that you would ignore the obvious.
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21.
Maximus Minimus
/said:
/
October 26, 2016 11:29:11 at 11:29 PM
Let me summarize the same in other words.
The can has been kicked down the road, and the end of the road is
now and here.
The future has been pre-paid, and the payment is due.
The only way out is stir up conflict to rally the sheep under the flag.
The MSM is fully on board.
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22.
mishgea
/said:
/
October 27, 2016 12:25:29 at 12:25 AM
I am in favor of freedom of choice. The right to abortion. A few
expanding cells is not human life. Most Americans would agree. Most
would also agree that 8 months would be too late. Religious beliefs
have ridiculously distorted the issue into yes or no. It's not that
simple.
Abortion is one issue in which I would generally side with Hillary.
Iran policy was one issue in which I would generally side with Obama.
As for Adams. He is crazy. Trump does not have a 98% chance of
winning. But I hope I am wrong. We need a shake-up. I am very much
against war-mongering and statist policies.
I am totally sick of left-right ideology. Finally, I am not
backtracking on anything. My beliefs have not changed one iota. My
perceptions of candidates may have.
I state my positions and I stand by them. Most bloggers adopt one of
two strategies
1. hide under a rock.
2. Take an extreme left or extreme right position
I take a position, issue by issue.
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peterblogdanovich
/said:
/
October 27, 2016 1:01:50 at 1:01 AM
I pray we are in a "Nobody saw this coming" end game landslide
victory for Trump. Though it will hurt my business, reliant as
it is on more govt over each, regulation, and control, I
honestly believe Trump on a bad day is better than Her on a good
one. Trump for sure has momentum. Plus it really looks (by his
effort) like he truly wants the job. Good for him. I was worried
he'd quit trying. All I can say at this point is: Go Trump!
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o
LFOldTimer
/said:
/
October 27, 2016 1:25:07 at 1:25 AM
I'm uncertain what Trump would give us.
I know what Hillary would give us. More of the same or worse.
I would vote for uncertainty any day of the week over sure
disaster.
Where are all those liberal Occupy Wall Street activists?
Are they so stupid that they can't see that Hillary is in
the back pockets of the Wall Street crooks?
Of course not. They see it. They just don't care. Why?
Because the the Wall Street crony happens to play on the
home team.
Ideology supersedes conscience once again.
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+
Anonymous
/said:
/
October 27, 2016 6:37:51 at 6:37 AM
Every time and always.
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Genada (@Genada5)
/said:
/
October 27, 2016 6:19:58 at 6:19 AM
Adams writes comedy, how people have failed to understand he's
not being serious and he's having fun with the shit show we call
elections is sad.
You should really read his blog it's funny as hell.
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Winston
/said:
/
October 27, 2016 9:34:50 at 9:34 AM
"I am in favor of freedom of choice. The right to abortion. A
few expanding cells is not human life. Most Americans would
agree. Most would also agree that 8 months would be too late."
I agree and believe that the limit suggested by Carl Sagan ---
just before the portion of the brain that makes us uniquely
human, the cerebral cortex, begins to develop --- is the correct
one. Either by coincidence or by design, that just happens to be
the current allowed fetal development time limit for abortion if
I recall correctly my research on this topic long ago.
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23.
Mike Bravo
/said:
/
October 27, 2016 2:57:58 at 2:57 AM
"Obama may have created more jobs ...."
Created more jobs than whom? Yeah, there might be 9 million more
people employed today than when he took office in 2009, but the
labor force participation rate has declined from 65.7% to 62.9% over
the same period (more people, fewer working).
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24.
Genada (@Genada5)
/said:
/
October 27, 2016 6:23:58 at 6:23 AM
Mish would you care to explain how it is that the national debt went
up every year during the Clinton presidency while they claim to have
been running massive surpluses that would soon be paying off the
national debt?
I really fail to see how anyone thinks we can have a strong recovery
by 18 when the next crisis is going to be a massive debt crisis that
you can not print your way out of. Seems like the next crisis will
require taking the massive write downs in debt and that's going to
be very painful and long lasting.
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kidhorn
/said:
/
October 27, 2016 8:47:25 at 8:47 AM
http://www.craigsteiner.us/articles/16
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mishgea
/said:
/
October 27, 2016 9:25:31 at 9:25 AM
I already explained that
https://mishtalk.com/2016/10/17/us-deficit-up-590-billion-but-debt-up-1-2-trillion-sleight-of-hand-magic/
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25.
Gummans Gubbe
/said:
/
October 27, 2016 6:41:24 at 6:41 AM
Failure Guaranteed. For anyone dependent on government handouts.
Do not believe in stupid, follow the money!
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26.
Seenitallbefore
/said:
/
October 27, 2016 8:22:28 at 8:22 AM
There is no such thing as total freedom or total democracy. America
is in decline and change is coming. Will it be war, political,
business practices or collapse and chaos. I have no idea but I am
sure major changes are coming.
I find it amusing how the young want segregated housing, classes
etc. I don't think they even realize how radical it is. Basically
they want to overthrow the laws of the land. Lol.
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Ron J
/said:
/
October 27, 2016 9:51:36 at 9:51 AM
"I find it amusing how the young want segregated housing,
classes etc. I don't think they even realize how radical it is."
It is Leftist Agenda. Yes, they do realize how radical it is.
You need to wake up to that fact.
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27.
k0jeg
/said:
/
October 27, 2016 9:04:48 at 9:04 AM
Superficial changes around the edges aren't going to make a
difference this time. 14,000 people a day are retiring. Following
the Keynesian formulas isn't working and won't work. Everyone in
Washington knows this but has no idea what to do about it, since
they all are lawyers and poli sci people.
I've seen the pictures of Trump and Clinton with the caption
"330,000 people and this is the best we can come up with?" No,
that's not the best we can come up with, but anyone who might be a
good candidate knows that whoever wins will be in the same camp as
Hoover and Carter, and why bother when waiting a little longer means
you can be up there with Roosevelt and Reagan.