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YOUR SUNDAY READ

Protecting America's national home
Immigration has been ingrained in the American consciousness from our earliest days, as many people left foreign lands to make a new life here. While President Trump did not invent the concept of making America great, his call for protecting that greatness stands in sharp contrast to those who see nothing special in our nation at all. But when you consider that so many have come together to make this place their home, a wall with a door that opens to those we want in not only makes sense, its purpose is clear.

Miss Ocasio-Cortez Goes to Washington
Walking onto the floor of the new Congress must’ve been like visiting the planet of Tatooine where Obi-Wan Kenobi stumbled into a hive of misfits in that Star Wars cantina bar scene.

There's Wisdom In Crowds But Madness In Mobs
The market considered and reconsidered comments from Jay Powell yesterday as it seesawed in a tight range.   Finally, stocks gained momentum into the close.  The session underscores the fact there has been a shift in urgency and a growing belief the train is leaving the station.  On that note, we are a long way from everyone jumping on board, especially a lot of Wall Street firms that panicked in December lowering their outlook for 2019.

How The Free Speech Wars Can Up-End Americans’ Current Political Alliances
We have entered a new era that is redrawing political battle lines. The widespread use of new communication technology has changed how Americans interact with one another and what they interact about. This can be seen most clearly in the fight between social justice progressives and free speech advocates on online platforms such as YouTube, Facebook, and Twitter. This fighting has cracked the traditional left-right political spectrum.

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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  "...in 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…