Renowned financial and geopolitical analyst Charles Nenner correctly predicted there would be no market crash in 2016. 2017 is going to be a very different story. Nenner explains, “There are going to be some serious corrections and some bounces. I don’t thing we are going anywhere until the fall of 2017 when the whole bottom is going to fall out. If you are a very good stock picker, you’ll be okay, but I am talking about the indices (overall financial markets). It continues to be dangerous, and most of the good news is already in this rally. The hope that Trump will do the right thing is still there, but it will take too long. People will realize it is not going to happen tomorrow, and they will get disappointed. So, I am still not very much into the stock market. I don’t think there is much to gain over there. I have been saying that for the next couple of years, try not to lose your money. That’s the major thing you should be doing.”
In the logic of the market, it makes no sense to sacrifice trillions of dollars in current energy and income to build something we don’t yet need.
Anyone seeking clarity on the energy picture a decade or two out is to be forgiven for finding a thoroughly confusing divide. On the one hand, we have reassuring projections from the U.S. Energy Information Administration (EIA) that assume current production of fossil fuels will remain steady for decades to come. Coal will continue to decline as a share of total energy consumption, and renewables will rise modestly. In other words, everything’s hunky-dory, there’s nothing to worry about.
The EIA’s Annual Energy Outlook 2017 (64-page PDF) lays out the all-is-well, no-worries projections.
A new Rasmussen Reports national telephone and online survey finds that 88% of Likely U.S. Voters say it’s important for Congress and the president to have some sort of replacement program in place if they repeal Obamacare, with 69% who say it’s Very Important. Eleven percent (11%) don’t think it’s important for them to have a replacement plan ready, but that includes just three percent (3%) who say it’s Not At All Important. (To see survey question wording, click here.)
Let me start from the beginning when it comes to insurance of any sort.
The cost of insurance is determined by the following arithmetic formula:
If Trump intends to survive, he must break the CIA into a thousand pieces as President John F. Kennedy intended before the CIA assassinated him. Trump must arrest for treason the neoconservatives and put them on trial. Trump must curtail NSA’s spying, which is in complete violation of the US Constitution, on all communications of all Americans. Trump’s oath of office is to the Constitution, not to war on the American public. Trump must ban all presstitute print and TV media from White House press conferences and only give credentials to the alternative Internet media. The print and TV media are operatives of the CIA and are totally devoid of integrity. Indeed, perhaps the presstitutes should be arrested for treason and put on trial along with the neoconservatives and the CIA.
If Trump fails to take these decisive actions, he is too weak to achieve any change.
The McClatchy news service is the only element in the mainstream media that sometimes reports honestly. Below is a McClatchy report that a Russian tech expert, whose name was used to give credibility to the notorious fake news dossier, says the dossier is a fake report.
Sometimes the People Need to Call the Experts … The government about to take over in Washington has more billionaires than the Boston of Buckley’s time, but it seems willing to test the theory that academics can be dispensed with for the most part.
This article says that people ought to run the country except when “experts” do a better job, and that’s a lot of the time.
The article maintains that it “prefers citizens for broad questions of policy and society. The citizens are more likely to be in touch with the concerns of everyday life, and less likely to embrace utopian schemes. They are more likely to be politically and culturally diverse. Overall, they are more conservative in both the ‘small c’ sense of that word and the more political sense.”
Not only that, but the article stresses that Democrats might make better decision-makers than Republicans and that having the people rule might result in a less immigration, less free trade, more law and order and more nationalism.
It is now official that Millennials are worse off than their parents. The Federal Reserve released a study showing that Millennials are as broke as we suspected. According to the figures released Millennials earn 20% less than baby boomers did at the same stage in life. This is a major reason why so many Millennials are living at home but are also unable to save for retirement. What compounds this issue even more is that the Millennial generation is the most educated ever in the United States. What we also know is that Millennials carry the vast majority of the $1.4 trillion in student debt outstanding. This information puts our society at a fundamental crossroads in addressing the challenges faced by the young. Do we care if the next generation is worse off than the previous one?
Forecasting the New Year is a curious tradition. Much evidence suggests that no one does it both accurately and consistently, yet everyone keeps trying. Why is this?
In some ways, I think it’s just entertainment. You might compare our prognosticating to what happens with NFL football. For weeks before the Super Bowl, we devoted fans will spend hours speculating on the game’s every detail. We’ll dissect the rosters, talk about each team’s strengths and weaknesses, debate game plans, and so on. Is any of this ritual necessary or useful? No, but it extends the experience and we enjoy it.
Economic and market forecasting are similarly pointless fun if you don’t try to turn your forecast into next year’s trade list. Just as no war plan survives contact with the enemy, no investment plan survives contact with February.
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