Home » Posts tagged 'current events' (Page 40)

Tag Archives: current events

About Those E-mails …

Posted on by | 13 Comments

Today was a big day for campaign news, in that nothing happened. Clinton was not indicted for her mis-handling of emails, nor did we learn anything new. It’s all over but the ranting, so we’ll pause for a moment so that you can get your share in.

[ shouting, sharing of angry memes, deep sighs, et cetera ]

Feel better? Be sure to wipe off the screen when you’re done. Because whether you believe this was purely one more witch hunt or evidence of a rigged system, you probably are better off getting it off your chest. Better in the sense that you’re probably wrong – there was something to this, but it was never going to end up in an indictment.

Continue reading →

Big Ideas Fall Apart

Posted on by | 12 Comments

The dust continues to settle after the Brexit earthquake. US markets stabilized today, but it appears to be a “dead cat bounce” or a technical upturn as short positions are covered. It comes from the saying that even a dead cat will bounce up one story after falling off a ten story building. It certainly feels like that kind of week, especially if you think about whatever dead animals might account for the ridiculous hair of Donald Trump and/or Boris Johnson.

Then again, it hasn’t been a week yet.

For all the comparisons between this vote and the Trump phenom, they still don’t do this situation justice. People all over the world are recoiling from opening up markets and generally moving closer together. The threat to the EU is far from done as “euroskeptics” on the continent will certainly be emboldened – as will globalskeptics around the world. What has gone wrong?

Continue reading →

Brexit Blowup

Posted on by | 11 Comments

The vote went for Brexit. The hounds of chaos have been unleashed. Is this a harbinger of a Trump victory in November? Political trends in the US have first shown in the UK before, with Margaret Thatcher predating Ronald Reagan and Tony Blair arriving before Bill Clinton. More importantly, the polls were as wrong on Brexit as they were on Cameron’s big win in the last Parliamentary elections. Is this a sign?

The short answer is “Yes”, but the long answer is “No”. This has a long way to play out before the US votes, and we don’t yet know what will happen. There will be a lot more anarchy in the UK and the final lesson is far from written.

Continue reading →

About this EU Thing …

Posted on by | 31 Comments

I’m sitting here watching the BBC site as the results of the Brexit referendum pour in. It’s not looking good for the EU right now, and that has to give us all pause. The EU is absolutely essential, in some form, but the bureaucratic mess that has resulted isn’t necessarily helping anyone. The UK never went all in, keeping the Pound, so their view has always been a bit askance.

For far too many, it comes down to an interesting revelation. Did Germany actually “win” after all? Signs point to yes, they did. But how? What does this mean to other industrialized nations? Is there something we should all learn? Is Britain right for possibly wanting to go it alone?

Continue reading →

Risk Aversion

Posted on by | 10 Comments

The economic news out of most of the world points to a continued, if not new, slowdown. Japan is going nowhere, Europe may be shrinking, China is bleeding capital, and the rest of the world is hanging on. The only place there is good news is here in the US where … there was a net slowdown in the number of jobs gained in May. None of this looks good.

For everyone outside the US, it doesn’t. But most of that money from China is coming to the US – or, more accurately, coming back. Why aren’t things looking up?

Global instability doesn’t help anyone, which is why the Fed stopped raising rates. We can’t go it alone anymore, not in this inter-connected world. It spooks everyone to see this much risk. Yet there is still reason to believe that the US, alone, will see a period of higher growth by the end of the year. It’s all about that money coming back – and when it gets put to use.

Continue reading →