Weekend Musings

  • Please stop comparing historical “creative destruction” with our current problems. I can retrain a horse and buggy driver to be a cab driver (circa 1910) in about a day. I can’t teach a sales clerk at Macy’s how to write Python code.
  • Israel’s plan of loving all thing’s Sunni and hating all things Shiite is and always was a self-serving policy that will fail spectacularly. The enemy of my enemy is not necessarily my friend. Didn’t we all finally learn this during the 2nd Gulf war? How about this? – The fiend of my friend (Israel) isn’t necessarily my friend.
  • No, China has no idea how to transition from a small TIGER like , export-driven, economy to a fully diversified first world economic state. We fed it a few import tariffs and the wheels are almost coming off the entire corrupt state. It’s a dirt cheap offshore polluting, parasite fed by our purchases. Let us never forget that.
  • Renaming NAFTA is not an achievement. Neither is your assertion that you saved pre-existing exemptions for new buyers of health insurance –  because you failed to get it passed.
  • So far our giant corporate tax cut has given us exactly what we expected – soaring budget deficits, giant stock buybacks, no wage gains, no acceleration in hiring or training. Even the Repubs are too embarrassed to bring it up.
  • The stock market has been fed by two energy sources over the past twenty years:
    1. Low-interest rates
    2. Outsourcing and automation that raises the ROR on labor … They are both going away (for now) but we have fabulous stock buybacks to help transition us into a rather dull sideways or down market. No reason for panic if you’re long but no reason for optimism either.

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