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

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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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Phil's Favorites

Simplexity

 

Simplexity

Courtesy of 

Nick Murray once said “if you want to suppress volatility, you will suppress returns.” This definitely applies to many investors who either try to time the market on their own, or turn to complex and often times dangerous strategies designed to deliver stock like returns with bond like risk. Such a strategy by definition, cannot deliver on its promise. Look no further than the Merrill Lynch structured notes that lost 95% of its value. And although complex products almost never live up to their promise, there are simple ways to lower volatility witho...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Get Ready to See This Globalization 'Elephant Chart' Over and Over Again (Bloomberg)

Globalization was the driving force behind the growth miracle in emerging markets, lifting millions of people out of poverty over the past few decades.

America’s shrinking middle class is killing the economy (Business Insider)

The middle-income class is hollowing out and it's hurting US economic growth. ...



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Zero Hedge

16 Reasons To Celebrate Brexit's Win

Courtesy of ZeroHedge. View original post here.

Submitted by Doug Bandow via NationalInterest.org,

Watching the Brexit campaign generated mixed feelings: it was a little like the man who saw his mother-in-law drive his new Mercedes off a cliff. In the United Kingdom, some people who hated free trade, immigration and market innovation challenged the officious, wannabe superstate headquartered in Brussels. Who to cheer for?

We should cheer for the Brexiteers, who deserve at least a couple of hurrahs. The European Union created a common market thr...



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Chart School

S&P 500 Snapshot: A Post-Brexit Bounce

Courtesy of Doug Short's Advisor Perspectives.

The global post-Brexit selloff reversed itself today. Most Asia-Pacific indexes were modestly higher, and major European indexes saw major bounces. The FTSE rose 2.64%, the CAC 2.61% and the DAX 1.93%. The rally spilled over to US equities. Our benchmark S&P 500 opened at its 0.31% intraday low and spent much of the day in a narrow range just north of +1%. A second wave of buying in the final 90 minutes lifted the index to its close spot on its intraday 1.78% high. Can the rally continue? Stay tuned!

Treasuries, however, showed now reversal. The 10-year note closed at 1.46%, unchanged from the previous session. That's a mere 3 BPs above its all-time closing low of 1.43%.

Here is a snapshot of past five sessions in the S&P 500.

...

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Kimble Charting Solutions

London closer to breakout, than breakdown- Really???

Courtesy of Chris Kimble.

While the media is focused on the noise around Brexit, yesterday the Power of the Pattern shared that Germany (DAX) and London (FTSE) remained above 6-year rising support. See post HERE.

Below takes a closer look at the FTSE index in London, the so called center of the news noise.

CLICK ON CHART TO ENLARGE

...

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ValueWalk

Bill Gross on 'What'd You Miss'

By Jacob Wolinsky. Originally published at ValueWalk.

Bill Gross on ‘What’d You Miss'”>Bill Gross on ‘What’d You Miss’

Streamed live 5 hours ago
Today on ‘What’d You Miss,’ co-hosts Scarlet Fu & Alix Steel bring you live coverage of the market close and talk to Standard & Poor’s Chief Global Economist Paul Sheard about the G7 meeting. We’ll also bring you Erik Schatzker’s interview with Bill Gross, live from FI16 in Los Angeles (http://la.bbgfi16.com/). We’ll hear from the bond king on central bank policy and his outlook for global growth.

‘What’d You Miss’ with Alix Steel, Scarlet Fu, and Joe Weisenthal airs every weekday on Bloomberg TV from 4 – 5 pm ET:

The post ...



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OpTrader

Swing trading portfolio - Week of June 27th, 2016

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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Mapping The Market

Thoughts on Brexit

I have mixed feelings about Brexit today. Clearly the European institution need reforming. The addition of so many countries in the last 20 years has created a top heavy administration. The Euro adds more complexities to the equation as the ECB policies cannot fit every country's problem. On the other hand, a unified Europe has advantages as well – some countries have benefited from the integration.

For Britain, it's hard to say what the final price will be. My guess is that Scotland might now vote for independence as they supported staying in Europe overwhelmingly. Northern Ireland might be tempted to leave as well so possibly RIP UK in the long run. I was talking to some French people and they were saying that now there might be no incentive for France to stop immigrants from crossing over to the UK like they do now and simply allow for travel there and let the UK deal with them. The end game is not clear to anyone at the moment....



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Digital Currencies

Bitcoin Tumbles 10%

Courtesy of ZeroHedge. View original post here.

One week ago, when bitcoin first crossed above $700 on the seemingly insatiable Chinese buying which we forecast last September (when bitcoin was trading at $230) would take place as a result of China's capital controls (to much pushback by the "mainstream" financial media), we tried to predict what may happen next. We said that "it could go much higher. That said, anyone who bought last September when the digital currency was trading at $230 may be advised to take some profits, and at least make...



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All About Trends

Mid-Day Update

Reminder: Harlan 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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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

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If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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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!




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