An American woman’s story, a very sobering account of the differences. The madness going on in all of America’s big companies. The best flight-search aggregators. The automobile crisis about to unfold in the economy. Trump’s spending plans will be impossible. A quick primer on the Fed (Federal Reserve, U.S. central bank). The U.S. has been demoted from a ‘full democracy’ to a ‘flawed democracy’ for the first time, according to the EIU. Rampant deflation in farmland values and produce prices.
Conclusion to my talk on this subject a week ago, including an analysis of Trump’s inauguration speech. Joseph Stiglitz wants to get rid of paper currency. Moron! The OxyContin scandal. Book recommendation about creating your own purposeful and fulfilling future. Boeing’s problems are symptomatic of the stealth decline of the economy. A word on how I intend to deal with Trump on the show going forward.
President Trump poses a grave threat to the Washington establishment. There is no knowing how this will pan out. The grim Obama legacy. How they twist the work force statistics and the horrific consequences extrapolated for the future. Another major loss for the retail sector: American Apparel’s Limited Stores (The Limited). The world’s most innovative companies. The real earnings report (ignored by the financial press). The student loan default rate, approaching 50%, is much, much worse than publicized. It represents a default of staggering proportions.
Comparing the American Revolution to the Trump Revolution. Some interesting similarities. ‘Aid’ actually flows from poor countries to rich ones, rather than the other way around. More foibles to report from IKEA. Improving forecasting techniques. A Houston woman goes to jail for being raped! The Social Security/Medicare crisis. Millennials are truly broke (as per a recent study by the Federal Reserve). The excuse of ‘cash being bad because it’s used by criminals’ is easily seen to be hollow. They want to remove your cash to be able to control you and surveil all your spending. Very scary.
Most significant inventions are behind us – and have been for many years. Inventions that transformed our existence have, by-and-large, already been made. Colorado makes it difficult to get restitution for fines where convictions are overturned. Car sales fell heavily last year. Man fined for parking in his own driveway! Can Trump really make a difference? U. S warmongers at it again. Americans-not-in-the-labor-force at a record high. The concept of uncertainty. More on tipping. Meryl Streep’s contribution to the Golden Globes. How fortunes change. Migrants frantically pushing into the U.S. Christmas retail sales a dud.
Lack of funds will impede Trump’s effort to “Make America Great Again”. A quick history of America’s ‘greatness’ predicated on somebody else’s dime. What’s next? What causes the U.S. dollar to fluctuate? Humans can achieve simple tasks but their brains are not adapted for more complicated ones. What exactly is meant by “better trade deals”, sought after by Trump? The economics profession is in crisis. What’s behind blaming Russia? Oh, and blaming China, too!
Some predictions for 2017. Serious social tensions have been created, courtesy of Obama. The economy continues to decline, despite media ravings to the contrary. How to obtain a second passport. Insidious regulations inserted into irrelevant laws. More on the decline of the middle class in the U.S. Department store closings ramping up. This will have grave consequences for malls. The national debt rose $97 billion IN ONE DAY!
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The developing world must follow the west willy-nilly, even as the west suffers its own consequences for blind excess and hubris. Yes, the jobs situation is as “terrible” as Trump says it is. A grim ‘2017 Economic Report Of The President’. The ‘fake news’ epidemic. Those who run the Minuteman III project. How much is a child’s future success determined by innate intelligence? Credit card debt now exceeds that racked up during the Great Recession. End in sight for the world’s oldest bank. ‘Hours worked’ is not always a measure of success. Your success depends on others. Household income has gone nowhere since the beginning of the millennium.
Seething resentment of the losers knows no bounds. The U.S. habitually engages in the same acts of which they accuse Russia. ‘Fair trade’? ‘Fair’ for whom? Plastic payment spending exceeds cash for the first time. The coming Miranda rights statement…(?) People want to be lied to: some evidence. 94% of new jobs under Obama were temporary positions. GM car inventories are as high as at the height of the Great Recession. Advice about finding good jobs overseas – in plentiful supply right now. Number of business deaths is very high. Trump and trade. Automation in the investment industry. The new Ministry of Truth – scary. Defense spending is soaring. The danger of alienating China.