WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Fall

Fall

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Tues. Nov. 3 ~ U.S. Presidential Election
* Thurs. Nov. 5 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Nov. 6 @ 8:30 am ET ~ Employment Data
* Thurs. Nov. 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Tues. Nov. 17 @ 8:30 am ET ~ Retail Sales Report & Core Retail Sales Report
* Wed. Nov. 25 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Dec. 2 @ 2:00 pm ET ~ Beige Book Report
* Wed. Dec. 16 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference

*** Click here for link to Economic Calendars for all upcoming events

Monday, May 18, 2020

Joe Biden: Out of Touch...Out of Control

* See UPDATES below...

Since Joe Biden announced his candidacy for 2020 President, I've written several articles involving him, which can be read here.

During that time and since my last article, many scandals have surfaced about him.

They're too numerous to mention here, so I'll let the following graphic illustrate some of his shortcomings and challenges that he faces, as he continues to campaign from his basement at home to try and convince voters that his economically-crushing/destructive socialist policies (such as Democrats' Green New Deal) will be of more benefit to all Americans...

versus

...President Trump's conservative policies touting job growth and increased wages, reductions in regulations, returning manufacturing, industry and technology to the U.S., fighting for free and fair trade with other countries, continuing to strengthen his national and international security agenda, continuing to support and promote innovation, freedom, liberty, and prosperity for all, etc...the opposite of what Joe Biden is promising if he's elected President this Fall.


Voters renounced former President Obama's left-leaning policies when they rejected Hillary Clinton and voted for Donald Trump as President in 2016. Joe Biden's policies are so far out in left field, they'd make Obama's look like conservative programs, if enacted.

I can't imagine that Americans are ready to embrace a Venezuela-style of government any time soon, so I think Biden's Presidential bid is a non-starter already...especially as a highly-targeted/focused speedy economic recovery and national security strategies will be the number-one priorites that will need to be implemented to combat the wide-spread and ravaging damages caused, not only in the U.S., but also around the world, by the COVID-19 virus that spread like wildfire from China earlier this year.

The unleashing of a multitude of social programs costing American taxpayers trillions of dollars will not do the job of fixing the crushing economic and national security effects, et al, of that fatal incident. In fact, that's ridiculous. As it is, the U.S. National Debt is exploding, compounded by those effects, the future costs of which will be borne by the youth (taxpayers of the future) that Biden is currently attempting to woo. At the moment, every single taxpayer is on the hook for $203,712.

And, it's only going to get much worse...especially under the crippling political headwinds of a socialist government.


* UPDATE May 24...

It seems like Joe Biden is also out of touch with the African-American community with his comments this week during a radio interview, which angered many of them on the left and the right.

Furthermore, his major policies and laws that he helped craft and pass when he was a Senator years ago (for which he was excoriated by Senators Harris and Booker during the Democrat debates last year, and by others since then) did not benefit African-Americans (as he repeatedly claims). Rather, they were to their detriment.


In his subsequent non-apology "apology," Biden characterized his comments as a "joke"...the word "sorry," however, was notably from that statement.



He's also alienating women with comments like this...by the way, does that mean that whoever votes for him doesn't believe all women, or even any woman who claims they were sexually assaulted or harassed?

Whatever happened to the #MeToo women's movement and the "Believe All Women" mantra when the accused is a Democrat? Those women who began that movement (as well as the liberal media) seemed to have disappeared in this instance and only surface and make their voices heard loud and clear when the accused is a Republican. It would, therefore, appear that such a movement was never a serious one, but only a matter of convenience...and a rather "inconvenient" one for the alleged assaulted/harassed victim.



It seems there may have been some nefarious transactions between Joe Biden and the former Ukrainian President and Attorney General when he was Vice-President, and it appears that this matter is under investigation in the Ukraine.



The Senate is investigating Joe Biden's son, Hunter Biden, regarding his work in the Ukraine...which may expose Joe Biden's involvement in any nefarious activities, as well.



There are many questions regarding Obama's FBI investigation of the now-debunked Trump campaign-Russia collusion narrative and Biden's involvement in its origins. Those origins and that investigation are under investigation by the Attorney General's office and by the Senate...it's anticipated that those should wrap up sometime later in the summer, so we should learn more at that time.



And, finally (for now), there's Joe Biden's questionable history (then and now) with China.


Do these recent revelations leave much of anything that merit support for Joe Biden for President?

I wonder what shoe will drop next between now and the November Presidential election.

* UPDATE May 31...

Next shoe drop (this follows the last several days of riots across America)...looks like Biden supports rioters over law and order...when will he support old ladies who get beaten up while trying to protect their stores instead of these thugs?


Twitter Link

* UPDATE June 4...

Joe Biden is losing the support of police groups because of his failure to support them during the riots. Hundred of officers have been beaten by rioters and several have been killed...as he stands by and witnesses the U.S. descend into anarchy, while his staffers help bail them out of jail ...


* UPDATE June 12...


* UPDATE June 20...








* UPDATE June 30

A well-written eye-opener, and a must-read, by Victor Davis Hanson...

"He is in a far more dire mental state than a physically failing FDR was in his 1944 campaign for a fourth term."

Source: NationalReview