Are the elites losing control?
We kick off today with Chris Temple discussing the moves in the Baltic Dry Index chart which has more than doubled since June. The markets are always looking ahead but this time they may be a bit ahead of themselves.
To touch on the title of this segment Marie Le Pen recently stated that Trump’s win was a “Victory of the People Against the Elites. What is this going to mean for the markets?
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I missed that DRYS trade.
I guess you could say I was left high and dry or hung out to dry. 🙁
Maybe they should have mentioned Powerball tickets too
We probably all were, unless Matthew bought calls on DRYS before the gigantic surge and then sold them and bought puts@106 before it fell to 11 in 2 days.
Yeah, I wish!
If SLW and NSRPF ever go up 25-fold in 2 weeks, remind me to sell before they fall 90%
I’ll try!
Funny Bonzo Barzinz. If anything goes up 25 fold in 2 weeks, I’m trimming that tree.
Great to hear your optimism Al!
I’ll admit, it’s the first time I’ve felt any hope at all in American politics since I was young and dumb enough to vote for Bill Clinton 20 years ago.
But really, it’s about 5% optimism for the next 5-8 years. If you get too giddy, head over to theburningplatform.com and read some of the fourth turning articles.
Predictions by Howe and Strauss from the 90s:
“The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation and empire. The very survival of the nation will feel at stake. Sometime before the year 2025, America will pass through a great gate in history, commensurate with the American Revolution, Civil War, and twin emergencies of the Great Depression and World War II.” – Strauss & Howe – The Fourth Turning
“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning
“Soon after the catalyst, a national election will produce a sweeping political realignment, as one faction or coalition capitalizes on a new public demand for decisive action. Republicans, Democrats, or perhaps a new party will decisively win the long partisan tug of war. This new regime will enthrone itself for the duration of the Crisis. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Where leaders had once been inclined to alleviate societal pressures, they will now aggravate them to command the nation’s attention. The regeneracy will be solidly under way.” – Strauss & Howe – The Fourth Turning
Big Al, Both parties the same? They were pumping Jamie Dimon and Mitt Romney on Morning Joe this morning. Mika Brzezinski (DEM) co-host and Richard Haass of the CFR, chimed in on what was wrong with the Dem’s. Now for the other side of the coin in this Wall Street On Parade article…
The Right Wing Group Behind Donald Trump’s Rise Aims to Keep Fear Alive
Citizens United, the nonprofit organization that brought the U.S. Supreme Court case that has unleashed unlimited corporate spending in elections, sent three of its top strategists to run the Donald Trump campaign in its floundering days of 2016. Here’s the timeline:
Mtf, In terms of what they do and how they operate, the evidence supports AL’s view and has for a long time.
Matthew, a lot folks have optimism Trump can pull it off. I have never witnessed so much open fraud than we have seen this past decade. Talk of the CEO of a bank convicted of felony counts for treasury is absurd. There is reported $6.5 trillion missing? The elites are pushing this country towards civil war. The racial divide has gotten worse in the last 8 years. Was it intentional? Piss off the world has been their main mantra.
Hopefully things get on a better footing. Trump Update on His First 100 Days
Armstrong – So far, he appears to be doing what he said he would do. Quite a Novel Approach
Well, Mtf, that article was enough to kill just about any optimism I might have had.
It was an article by the Martens before Obama was elected that showed he was a Wall Street stooge that tipped me off to him, as well.
Well, Mtf, that article was enough to kill just about any optimism I might have had.
This has to be a first. Trump “Exploded” At Media Execs During Off-The-Record Meeting: “It Was A F–king Firing Squad”
Earlier today we reported that in a “summit” organized by Trump’s campaign manager Kellyanne Conway, executives and anchors from the major US media outlets, including CNN president Jeff Zucker, ABC News president James Goldston, Fox News co-presidents Bill Shine and Jack Abernethy, and NBC News president Deborah Turness, visited Donald Trump at his Trump Tower penthouse for an off the record meeting.
Courtesy of the Post, we have a complete list of the participants at the Trump media meeting:
What a roomful of ne’er-do-wells. The mass media hysteria against Trump has been one of the key points in his favor, in my opinion.
Same when libs start with their character assassination howls of Racist! Sexist! Bigot! Xenophobe! etc.
I’ll be investigating the Martens article more before I make up my mind.
Did anyone buy Dryships @4 a couple of weeks ago and sell it @106 last Wed. before it plunged back to 11? I wish Rick and Doc had mentioned DRYS