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Some weird -- or may not -- headlines of the day

"Talented Democrats Are All Running for President. It's a Problem". It's a Bloomberg opinion piece, but it still made me laugh at the choice of the word "talented." 

Then it goes to discuss two democrat candidates from Texas, who I guess are going to run for President (which Democrat isn't), because they can't win local Texas elections. 

These, and all the current Democratic hopefuls, are not talented. They are just popular with left-wing liberals. 

Here's some other scary stuff to make you glad it's TGIF.

A recession? Financial advisers say it's right around the corner — or not (This from a publication that is written for Certified Financial Advisors).  The sub head reads: A case can be made that the economy is headed for an imminent slowdown or still has some juice left. If this is the best analysis CFA can come up with, caveat emptor.

New York City Experienced Worst Decline in Restaurant Jobs since 9/11 After $15 Minimum Wage Win
Every economist in the U.S. predicted this would happen, just as it's happening in Seattle, which did the same thing. Oh...except for our left-wing NYT "writer" Paul Krugman, Nobel Prize withstanding. But then, we all know what a Nobel means these days after Obama got his for basically doing nothing. 

Why Do Millennials Want Socialism?
Take one guess. Our education system that teaches capitalism is a bad and unfair system.

California's Rendezvous With Reality
Used to be said that as California goes, so does the rest of the country. Hope not. 

Here's another educated lecture from the same author about California, who happens to be a professor at Stanford and a California native. 


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What happened when a Trump Supporter Challenged Me About the Wall

Vicky Alvear Schecter wrote in Medium | Poltics on Dec. 27, 2018 using her headline above. I thought it was pretty well written -- at least she made an attempt to keep her liberal bias out of it -- regardless of a few illogical fallacies

But she does make an attempt, in an effort to avoid her liberal bias, as she ponders  " order not to be accused by bias, I explained that I would only use conservative sources to prove my point."

To me, that's bias to start out with that premise. And I believe her premise is that she is against the wall. That's her stance. But she makes some good points, but some are skewed, even though she attempt to take a "conservative" approach, even by citing some "conservative" sources in her footnotes.

Here's the first problem: if she wanted to avoid bias, why not just stick to the the historical facts as written (when you can find them without bias), and not concern oneself with bias. "I must reject that becau…

Weekly wrap for Nov 9

After Thursday and Friday, it might seem the markets are down, but the weekly numbers tell a different story, with the three major indices up for the week. The Nasdaq, with its tech exposure, had the smallest increase. The tech sector is obviously under recent pressure. 

IndexNov 2Nov 9+/-%S&P 5002,723.062,781.01+ 57.95+ 2.12%Nasdaq7,356.997,406.90+ 49.91+ 0.67%DOW 3025,270.8325,989.30+ 718.47+ 2.84%
Over the last 12 months, the Dow is up 10.77 percent, the SP 500 up 7.6 percent, and the Nasdaq up 9.7 percent.  

The weekly chart of the SPY still indicates a long position in the broader market. (The blue line is the 34-week moving average; the red is the 13-week moving average).

While the U.S. economy still seems to be just fine from most reports, investors seemed to worry about a couple of things on Thursday and Friday: 1) The Eurozone, 2) trade with China, and 3) the Fed and interest rates. Another topic of interest has been oil. 

First, it seems that the Fed has really not indicated …

U.S. Top Oil Producer, Thanks to Obama

\ You read that right.

The U.S. is now the largest oil producer in the world, according to the EIA, producing some 15 million BOE per day, surpassing Russia and Saudi Arabia. (Remember back when Jimmy Carter said in 1979 the answer to our energy problems was to wear a warmer sweater...but you probably don't. He actually said this on national TV).

The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the No. 1 spot, which it has held for the past four years running. (Source: Investopedia.)

Guess who takes credit for it? Granted, this increase in production began in 2012, but only because of private industry and the fact that the price of oil was at nearly all-time highs. And it dipped in 2016 because of Obama's anti-oil policies! 

But here he is again

Former President Barack Obama sure l…