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Posts Tagged ‘Scott Brown’

Scott Brown Is The Reason We’re On An Export Collision Course With China

Scott Brown Is The Reason We’re On An Export Collision Course With China

scott brown, tbiBy Andy Xie, courtesy of Clusterstock

From Caing

U.S. President Barack Obama dramatically altered policy direction during his first State of the Union address by announcing plans to focus fully on creating jobs while doubling exports in five years. This could put the United States on a collision course with China’s export strategy. And a head-on crash, possibly centered on China’s foreign exchange rate policy, might occur before America’s mid-term elections in November.

No one wants confrontation, especially at such a critical time for global trade, the world’s recovering economy and China’s property market. But a changing political mood is steering Washington into Beijing’s lane. China can respond by turning the wheel before it’s too late.

The trigger for Obama’s policy turnaround was the defeat of the Democratic Party in the Massachusetts election for a U.S. Senate seat left vacant when Ted Kennedy died.

Read the full article at Caing --> 

See Also:

The US Fiscal Problem Is A Ticking Timebomb, And Obama Lacks The Political Capital To Deal With It

The Entire World Is Screwed Without A US Recovery

China’s Mercantilist Policies Are Screwing Us Out Of 1.4 Million U.S. Jobs 


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Anger in the Air

Anger in the Air

Courtesy of Elliott Wave International

Woman looking into mirror

Increasingly negative social mood is overtaking politics — and the U.S. stock market.

A recent CBS News poll put President Obama’s job approval rating at a new low of 46 percent. This is not surprising from a Socionomics point of view:

Correlation with the stock market, consumer confidence, economic performance and other measures suggests that social mood is by far the main determinant of presidential popularity… There are two reasons for this fact. First, his actions, despite their endless analysis in the press, do little to affect his popularity. Second, his popularity is dependent upon a social mood and economy over which he can exercise no countertrend influence."

The Wave Principle of Human Social Behavior

"Anger in the Air" was the sub-headline on television, when the January 19th election results announced Republican Scott Brown the winner. The meaning was clear: Anger among Massachusetts voters in the U.S. Senate special election led to what would have normally been unpredictable: A Republican beat a Democrat in what is arguably the bluest of blue states. Not since 1972 had a Republican had been elected to the U.S. Senate from the Bay State.

What a turn of events." That’s what Diane Sawyer said during the January 22 broadcast of World News Tonight after a report on Ben Bernanke going from Time magazine’s Person of the Year to the possibility that he might not be re-appointed. Even some Democratic Senators voiced disfavor of the Fed Chairman. He was ultimately re-appointed, as the January Elliott Wave Financial Forecast predicted:

Social mood is still too elevated to deny Bernanke reappointment as head of the Fed in upcoming congressional confirmation hearings. But rising political tension confirms that his next term will be far more stressful than his first

Just one day before that broadcast, President Obama announced the "Volcker Rule," which proposes to restrict speculative investments made by banks. Former Federal Reserve Chairman Paul Volcker stood towering next to the President during the announcement. The diminutive figure of Treasury Secretary Geithner stood several feet away from the President. The setting suggested Obama was leaning more heavily on Volcker’s advice than that of his Treasury Secretary. Following the announcement of the Volcker Rule, media discussions revolved around whether Geithner would last much longer. On January 27, Geithner appeared before the House Oversight Committee…
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Rule by the Rich

Rule by the Rich

Courtesy of PAUL CRAIG ROBERTS at CounterPunch  

UPI POY 2009 - Washington DC

The election of Republican Scott Brown to the U.S. Senate by Democratic voters in Massachusetts sends President Obama a message. Voters perceive that Obama’s administration has morphed into a Bush-Cheney government. Obama has reneged on every promise he made, from ending wars, to closing Gitmo, to providing health care for Americans, to curtailing the domestic police state, to putting the interests of dispossessed Americans ahead of the interests of the rich banksters who robbed Americans of their homes and pensions.

But what can Obama do other then spout more rhetoric?

The Democrats were destroyed as an independent party by jobs offshoring and so-called free trade agreements such as NAFTA. The effect of "globalism" has been to destroy the industrial and manufacturing unions, thus leaving the Democrats without a power base and source of funding.

Obama and the Democrats cannot be an opposition party, because Democrats are as dependent as Republicans on corporate interest groups for campaign funding.

The Democrats have to support war and the police state if they want funding from the military/security complex. They have to make the health care bill into a subsidy for private insurance if they want funding from the insurance companies. They have to abandon the American people for the rich banksters if they want funding from the financial lobby.

Courthouse of Supreme Court

Now that the five Republicans on the Supreme Court have overturned decades of U.S. law and given corporations the ability to buy every American election, Democrats and Republicans can be nothing but pawns for a plutocracy.

Most Americans are hard pressed, but the corporations have only begun to milk them.

Wars are too profitable for the armaments industry to ever end. High unemployment is now a permanent state in the U.S., thus coercing job seekers into military service.

The security industry profits from the police state and regards civil liberties as a hindrance to profits. By announcing that he intends to continue the Bush policy of indefinite detention, a violation of the Constitution and U.S. legal procedures, Obama has granted the Democratic Party’s consent to the Republicans’ destruction of habeas corpus, the main bastion of individual liberty.

Jobs offshoring is too profitable for U.S. corporations for Obama to be able to save American jobs and restart the broken economy.

Americans are
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The Republicans Have Taken the Massachusetts Senate Seat

The Republicans Have Taken the Massachusetts Senate Seat

Courtesy of Jesse’s Café Américain

*****

See also Op-Toon’s take on the situation:   Blue Dog Members Alarmed by Potential Political Suicide Plot

This is one of the greatest threats to our party in years," said one House Member. "Whether this plot is being driven by the far-left base of our party, our party leaders, or the President himself, we need to stop it!
 


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Kass: Sell the News

Kass: Sell the News

By Doug Kass at TheStreet.com:

Bull in bear costume

I fully recognize that the crowd usually outsmarts the remnants and that the momentum in health care stocks and in the overall market has been strong.

The conventional view is that the Massachusetts election result will kill health reform and, thus, is bullish for health care stocks and for the market as a whole, but, for several reasons, I think that the crowd could prove mistaken on this one. I would not be surprised to see both health care stocks and the major market indices sell off over the short term.

A Scott Brown Senate win was growing more likely over the course of the past week…

The Massachusetts Senatorial race was not necessarily a referendum against the administration’s policies (health care being one of them); it’s broader than that. The populist uproar is geared toward the incumbent, toward anyone in power. It does not run on party lines, nor is it focused on health care. It is the zeitgeist of dissatisfaction, a sign of the times. Maybe it’s a function of high unemployment or the electorate ticked off at the wealthy and the largest institutions (especially of a banking kind). This dissatisfaction was expressed in the Democratic tsunami that brought Obama the Presidency, and it was seen yesterday in the Massachusetts Senatorial election that brought Brown the Senate seat. In other words, the mood of the country has been changing for a while, and it is being reflected in a very negative view toward those who have not suffered from high unemployment or from wayward derivative bets (and still got paid). And, as I have written before, this will lead to policies that are arguably needed but, generally speaking, are valuation deflating…

Read more here>>

 


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Brown Wins – Complete Repudiation of Obamacare – What’s Next?

Brown Wins – Complete Repudiation of Obamacare – What’s Next?

Courtesy of Mish

Massachusetts Holds Special Election To Fill Kennedy Senate Seat

In the most liberal of liberal states, and in a complete repudiation of both backroom deals and Obamacare, Scott Brown pulled off the most stunning senate race upset in history. If you were for Brown, pour a cup of tea and celebrate. If not, cry in your tea.

Brown’s victory was not so much a vote for Brown, but a vote out of anger, anger of backroom deals, anger over jobs, anger over wars, anger over special deals for politicians and unions, anger over banks, and most importantly, anger because "Yes We Can" morphed into "Business As Usual, Only Worse".

Backroom Bargaining Give Unions, Politicians Sweetheart Deal

For a president who promised "no backroom deals" he unmistakably delivered "backroom deals".

Please consider the Wall Street Journal article Labor’s $60 Billion Payoff.

Democrats seem impervious to embarrassment as they buy votes for ObamaCare, but their latest move makes even Nebraska’s Ben Nelson look cheap: The 87% of Americans who don’t belong to a union will now foot the bill for a $60 billion giveaway to those who do.

Emerging from their backrooms [Mish note: Obama invited union leaders to the Whitehouse for a private session], Democrats have agreed to extend a special exemption from the Cadillac tax to any health plan that is part of a collective-bargaining agreement, plus state and local workers, many of whom are unionized. Everyone else with a higher-end plan will start to be taxed in 2013, but union members will get a free pass until 2018.

Ponder that one for a moment. Two workers who are identical in every respect—wages, job, health plan—will be treated differently by the tax system, based solely on union membership.

Politicians Exempt Themselves

Not that the deal not only exempted unions, politicians gave themselves special favors.

Without a doubt, Brown sent a message to Obama specifically and Democrats in general that the public is fed up. Indeed, this special election shows Obama’s message is as out of place as a bullfrog on the lead microphone at an opera.

Nonetheless, rest assured the music will fall on deaf ears unless you act.

Act Now!

Call your congressional representative Wednesday morning. Tell them Massachusetts is fed up and you are too. Tell them, you are fed up with…
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WHAT THE SCOTT BROWN VICTORY SAYS ABOUT THE ECONOMY

WHAT THE SCOTT BROWN VICTORY SAYS ABOUT THE ECONOMY

Courtesy of The Pragmatic Capitalist

Scott Brown Campaigns Day Before US Senate Special Election

While most pundits are inclined to view Scott Brown’s Senate victory in Massachusetts as a referendum on President Obama’s healthcare plan, I view it as a sign of increasing anger over the state of the United States economy.  President Obama swept into office on the back of “change” and “hope”.  Although there has been an overwhelming amount of hope, there has been almost no change since taking office one year ago.

While the economy continues to suffer President Obama continues, with laser-like tunnel vision, to focus on the healthcare bill.  At a time when 10% of American’s are out of work, bankers are receiving record bonuses and the government debt spirals out of control, the President is focused on a bill that will likely raise taxes and increase overall spending.  Americans don’t think that makes one bit of sense and they’re exactly right.

It’s time for President Obama to wake up and realize that his economic team is failing him.  We are repeating the mistakes of the past and the great reflation experiment is not working for the average American.  This policy of print and spend hasn’t worked in the past and it’s not working now.  The same men who helped get the economy into this mess (the bankers, Geithner, Summers, Bernanke, etc) are the same men who are going to bury his re-election hopes in 2012 if he doesn’t start reshaping his focus.

 


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Coakley Down To 31% On InTrade, Democrats As Far As California Freaked Out

Coakley Down To 31% On InTrade, Democrats As Far As California Freaked Out

Courtesy of Joe Weisenthal at Clusterstock/The Business Insider

Democrats as far as San Francisco are freaked out by the fact that a fellow party member could lose in Massachusetts.

Mayor Gavin Newsom told the San Francisco Chronicle: "We better get our act together – and quickly… (voters) are so angry. They don’t feel that we’re paying attention to their needs, in terms of their jobs, and what’s going on at the grassroots, in their neighborhoods."

It’s actually not all bad for Dems. A Coakley loss is an early wake-up calll, and there are several months before November elections for them to turn things around and get their message right.

No doubt the Democrats wish that in 1994, they’d had a similar warning. After all, they were largely blindsided by the Republican revolution of that year, predicting with only weeks to go before the election that they’d maintain control of the house.

Meanwhile, Martha Coakley is down to 31% on InTrade, which is around the odds that Nate Silver called for.

coakley

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Massachusetts Upset In Making – Scott Brown Pulls Ahead of Martha Coakley

Word on politics – I agree with Mish’s summation at the end, complaining about the democrats is NOT an endorsement of the Republican party. Both parties have been "captured" and the biggest difference, in my mind, is the proportions of interests owning them. The Libertarian party could be improved by softening up some of its hard core principles, but it is the only party (or well-known party, there may be others) which has a platform that is inconsistent with continued over-the-top conflicts of interest and out-and-out corruption. – Ilene

Massachusetts Upset In Making – Scott Brown Pulls Ahead of Martha Coakley

Courtesy of Mish  

Massachusetts Senate Candidates Debate In Boston

In a move that could potentially decide the fate of the health care bill, and will certainly affect the balance of the Senate, Republican Scott Brown given not chance to win the election a few weeks ago has now moved into the lead.

Washington Examiner: ‘Bottom has fallen out’ of Coakley’s polls; Dems prepare to explain defeat, protect Obama

01/15/10 7:10 AM EST

Here in Massachusetts, as well as in Washington, a growing sense of gloom is setting in among Democrats about the fortunes of Democratic Senate candidate Martha Coakley. "I have heard that in the last two days the bottom has fallen out of her poll numbers," says one well-connected Democratic strategist. In her own polling, Coakley is said to be around five points behind Republican Scott Brown. "If she’s not six or eight ahead going into the election, all the intensity is on the other side in terms of turnout," the Democrat says. "So right now, she is destined to lose."

With the election still four days away, Democrats are still hoping that "something could happen" to change the dynamics of the race. But until that thing happens, the situation as it exists today explains Barack Obama’s decision not to travel to Massachusetts to campaign for Coakley. "If the White House thinks she can win, Obama will be there," the Democrat says. "If they don’t think she can win, he won’t be there." For national Democrats, the task is now to insulate Obama against any suggestion that a Coakley defeat would be a judgment on the president’s agenda and performance in office.

The private talk among Democrats is also reflected in some public polling on the race. Late Thursday, we learned the results of


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Insurgent Massachusetts Senate Candidate Posed Naked In Cosmo

Does anyone care more about Scott Brown’s posing naked than the chance to stop the ObamaCare bill?  Just asking. – Ilene

Insurgent Massachusetts Senate Candidate Posed Naked In Cosmo

Wow!

The special Senate election in Massachusetts is already way more exciting than anyone thought it would be.

And now get this… the insurgent Republican posed naked in Cosmo in 1982

Will it derail his campaign, which in itself could end up derailing healthcare? Maybe not.

This was 27 years ago, and his big problem is name recognition, which this helps solve.

(via Mediaite)

scott brown

*****

Source:  Republican Senate Candidate Scott Brown Posed Naked In Cosmo

Ilene here:

In the beginning:

Cosmopolitan dug through their archives to find a June 1982 issue featuring a very naked chap by the name of Scott Brown playing centerfold model. Flattering, in a certain light, but possibly problematic for Brown, who is running for Ted Kennedy’s United States Senate seat in Massachusetts. “Vote for Brown. He Has One Hell of a Stimulus Package,” the lady mag suggests as a slogan.

See also:  Mass. Senate race becoming proxy on health bill

BOSTON (AP) – The race to succeed the late Sen. Edward M. Kennedy has turned into a proxy battle over the fate of President Barack Obama’s health care overhaul.

A once-pedestrian contest between Democrat Martha Coakley and Republican Scott Brown has coarsened with a week to go, as the two have cast themselves as custodians of the pivotal Senate vote to determine the bill’s fate.

"As the 41st senator, I can stop it," Brown said last week during a debate, highlighting his potential to be the breakthrough Senate vote that upholds a GOP filibuster.

 


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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743"

Thank you for you time!

 
 

Chart School

How Long to the Next Recession? iM's Weekly Update

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

The BCI at 179.2 is up from last week’s 178.5. The BCIg, the smoothed annualized growth of BCI, at 22.2 is at its highest level in the current business cycle, rising from last week's 21.6. This week’s BCI does not indicate a possible recession in the near future.

Figure 1 plots BCIp, BCI, BCIg and the S&P500 together with the thresholds (red lines) that need to be crossed to be able to call a recession. Figure 2 plots the history of BCI, BCIg, and the LOG(S&P500) since July 1967, i.e. the last 44 years which include seven recessions, each which the BCI managed to indicate timely.

...



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Zero Hedge

Spot The Lone Objector

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Yesterday, Navi Pillay, the UN rights chief told an emergency session of the council on Wednesday that Israel's military actions in Gaza could amount to war crimes.

Shortly thereafter, the 47-member council voted (and adopted) a draft resolution titled "Ensuring respect for international law in the Occupied Palestinian Territory" to conduct an investigation whether Israel is indeed engaging in war crimes. Note: this was a vote just to conduct an investigation, nothing more nothing less, no military intervention, no aid, nothing: just an attempt to get some information aside from the constant propaganda barrage.

29 states voted in favour of t...



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Phil's Favorites

Reuters Debunked: Khodakovsky Denies Interview Aspects

Courtesy of Mish.

As I suspected would happen, the exclusive Reuters interview in which "Commander Alexander Khodakovsky acknowledges rebel fighters had BUK missiles" has been challenged.

In my analysis of the Reuters article (see Ukraine Rebel Commander Admits Having BUK Missiles; Damning Contradictions?),  I point out considerable discrepancies in what Reuters author Anton Zverev wrote and actual quotes Reuters presented.

The discrepancies were so big I stated "It appears to me Reuters may have stretched this interview quite a bit."

Thus I am not surprised to discover Khodakovsky challenge...



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Insider Scoop

ArcelorMittal Completes Sale of ATIC Stake to HES Beheer - Analyst Blog

Courtesy of Benzinga.

Steel giant ArcelorMittal (NYSE: MT) has completed the divestment of its 78% stake in European port handling and logistics company ATIC Services S.A. (ATIC) to HES Beheer for €155.4 million (roughly $213 million).

With this transaction, HES Beheer now owns 100% stake in ATIC where it previously held 22% stake. The transaction reflects ArcelorMittal`s strategy of selective deposal of non-core assets.

ArcelorMittal posted a net loss of $0.2 billion or 12 cents per share in first-quarter 2014, narrower than a net loss of $0.3 billion or 21 cents a year ago.

Revenues inched up 0.2% year over year to $19.8 billion in the reported quarter. Sales were almost unchanged from the prior quarter as improved steel shipments were partly offset by lower...



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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Option Review

Sizable Call Spread Trades On Orexigen

A large call spread initiated on Orexigen Therapeutics, Inc. (Ticker: OREX) on Monday morning looks for shares in the name to rally approximately 30% by September expiration. The September expiration is noteworthy as the company awaits the results of the FDA’s review of its resubmitted New Drug Application (NDA) for NB32, an investigational medication being evaluated for weight loss, after the review was extended for three months back in June. The upcoming Prescription Drug User Fee Act (PDUFA) date is September 11, 2014, according to a press release issued by the company. Shares in Orexigen today are up roughly 0.40% at $5.34 as of 2:15 p.m. ET.

...

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Sabrient

Sector Detector: Bulls remain unfazed by borderline Black Swans

Courtesy of Sabrient Systems and Gradient Analytics

Despite a highly eventful week in the news, not much has changed from a stock market perspective. No doubt, investors have grown immune to the daily reports of geopolitical turmoil, including Ukraine vs. Russia for control of the eastern regions, Japan’s dispute with China over territorial waters, Sunni vs. Shiite for control of Iraq, Christians being driven out by Islamists, and other religious conflicts in places like Nigeria and Central African Republic. But last Thursday’s news of the Malaysian airliner tragically getting shot down over Ukraine, coupled with Israel’s ground incursion into Gaza, had the makings of a potential Black Swan event, which in my view is the only thing that could derail the relentless bull march higher in stocks.

Nevertheless, when it became clear that the airline...



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OpTrader

Swing trading portfolio - week of July 21st, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly. Please use your PSW user name and password to log in. (You may take a free trial here.)

#452331232 / gettyimages.com ...

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Market Shadows

Danger: Falling Prices

Danger: Falling Prices

By Dr. Paul Price of Market Shadows

 

We tried holding up stock prices but couldn’t get the job done. Market Shadows’ Virtual Value Portfolio dipped by 2% during the week but still holds on to a market-beating 8.45% gain YTD. There was no escaping the downdraft after a major Portuguese bank failed. Of all the triggers for a large selloff, I’d guess the Portuguese bank failure was pretty far down most people's list of "things to worry about." 

All three major indices gave up some ground with the Nasdaq composite taking the hardest hi...



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Digital Currencies

Bitcoin Vs Gold - The Infographic

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While Marc Faber has said "I will never sell my gold," he also noted "I like the idea of Bitcoin," and the battle between the 'alternative currencies' continues. The following infographic provides a succinct illustration of the similarities and differences between gold and bitcoin.

Please include attribution to www.jmbullion.com with this graphic.

...

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Pharmboy

Biotechs & Bubbles

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



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