Posts Tagged ‘U.S. election’

Notes From Underground: Comey, Comey, Comey, Comey, Take Another Piece of My Wallet, Now Baby

November 7, 2016

FBI director James Comey played the bureaucratic card again when he released yet another pre-election report on the Clinton files. Comey issued an all-clear on any sort of criminal prosecution involving the newest Clinton file leaks. It’s interesting that the FBI director issued the letter three hours before the opening of the U.S. electronic exchanges, but as expected, the global equity experienced a relief rally in anticipation of a Hillary Clinton victory.

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Notes From Underground: Erskine Bowles For U.S. Treasury Secretary = A Big Stock Market Rally

November 15, 2012

The election is over. It’s time for leadership and decisive action. Yes, there are winners and losers and promises to be kept. Six billion dollars was spent on elections in total and the money given to support candidates is not charity but an effort to purchase some modicum of influence. No problem with that for that has been the game since the birth of the republic and long before that in other political entities. If the “fiscal cliff” and its potential impact is as serious as some opine then leadership is needed to set the course of real action. President Obama, if you believe that the fiscal crisis is the most urgent problem, you will choose Erskine Bowles as your Secretary of Treasury because he has the ability to reach across party lines and get to rational levels of compromise. Mr. Bowles has the respect of party leaders and, most importantly, his plainspokenness is needed to get the American people to understand the rudiments of the looming financial debacle.

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Notes From Underground: Elections Are Over; Time To Focus On …

November 7, 2012

Give the pollsters their due.  They were virtually perfect in the predictions of electoral outcomes. Can the electoral algos now reduce all that data and tell us the policies that will be produced to deal with the problems that plague the U.S.? The Obama victory was greeted by a market selloff as the investment world woke up to the possibility of tax increases and spending cuts leading to a recession and decreased profits. The elections were widely anticipated as the bookies in London and worldwide had predicted. I am left scratching my head, wondering what caused the steep decline in the U.S. equity and commodity markets? The EURO currency was not sold hard enough to think that the Greek situation was the catalyst. Besides, the Greek parliament passed the austerity budget tonight. There is no way that Europe will not provide the Greeks with the promised funds as the outcome would not be worth the 30 billion euros that are in question. If the Obama victory and coming government standoff should have led to a selloff in the BONDS for one would have to be insane to purchase U.S. bonds priced at FED manipulated risk levels.

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Notes From Underground: Outliers and Out Right Liars

November 5, 2012

Yes, the U.S. Presidential election is finally here. After the POLITICAL-INFO COMPLEX has spent the $6 billion on various political campaigns, we are left wondering why anyone would contribute money to feed the monster and prolong our agony. I know the answer and the “road to political hell is not paved with good intentions.” There are so many polls predicting a very tight race that I care not for the popular predictions. As an investor/trader I am much more concerned about the outliers. First, the most significant result would be for the Democrats to retake the house. The 2010 Republicans claiming the majority in the House by such a wide margin was not predicted. If the Democrats were to undo 2010 it would mean a landslide victory for President Obama as well as the continued control of the Senate. The triple crown for the Democrats would be a negative for the markets as there would be no movement on the “fiscal cliff” as the Democratic leadership would be empowered with a mandate.

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