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Pundits and pollsters will try to answer that question in the coming days. Some “snap” polls and online commentaries suggest Clinton got the upper hand.
But if you want to see what financial market players think, there’s one indicator you can follow: The exchange rate of the Mexican peso.
These days, it tends to decline in value against the U.S. dollar when Trump gains momentum … and rise in value when the opposite happens. The rationale? Investors believe Trump’s efforts to curb immigration and re-work trade deals like NAFTA will hurt Mexico’s economy over the longer term.
With that in mind, it’s worth noting that the peso rallied as much as 2% overnight. That’s a snap market judgment that Clinton “won.”
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| One indicator to follow is the Mexican peso. |
Just to make something clear while I’m at it: I’m as apolitical as they come – not to mention, a registered Independent. So I’m purely referring to the market’s opinions, not my own.
Want to follow the peso yourself? Well, there used to be a Mexican peso ETF. But it no longer exists. So one of your best bets is to use the Bloomberg website. Just keep in mind that Bloomberg quotes the currency pair in reverse. So a DECLINE in the charts there represents a RISE in the peso against the buck.
You can also track the performance of Mexican stocks, which are obviously influenced by the peso’s value and by expectations about future Mexican growth. The ETF to follow is the iShares MSCI Mexico Capped ETF (EWW). It’s down a couple of percentage points so far this year.
So what do you think? Did Trump win last night’s debate? Or did Clinton? Is the Mexican peso a solid proxy for Trump’s chances, and are you following it? Add your voice to the debate when you get a minute.
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Meanwhile, what’s going on at Deutsche Bank (DB)? What do the firm’s struggles mean for the health of other European institutions? And what impact would a meltdown there have here on U.S. markets? Several of you weighed in on those topics in the last 24 hours.
Reader Joseph M. said: “We keep propping up failing criminal banks so the economy will avoid crashing. Each time we avoid a crash, the problems get bigger and the next crash will probably be far worse. Why can’t we let things crash and let the market straighten things out while we suffer for our past mistakes … before things get even worse?”
Reader Robert T. said: “I would think the European Central Bank would step in and provide funding the moment DB faced a potential ‘run’ on its deposit base. However, stock and bond holders should brace for losses unless DB can show the markets that it’s capitalization could withstand a $14 billion shock.”
Reader Linda G. added: “DB has dealings with every major U.S. bank. We’ve known this for a long time. The only question was: When would the Fed let go? It was their timetable.”
And Reader Tom said: “Angie might not want to bail them out if the unthinkable happens, but Auntie Janet will be there with the Fed backstop. Back in 2008-2009, the Fed pumped billions of dollars into Euro-banks to help avoid a total meltdown of the banking system. They will do it again.”
Thanks for jumping into the discussion. I think it would take a real meltdown at DB for the German government to step in. By that, I mean not just a gradual stock market decline, but an absolute collapse in the firm’s shares and bonds, as well as signs of retail and institutional depositor flight. They just won’t have the political cover to do so otherwise.
Could that happen? Absolutely. Banking is a business of confidence, and if confidence snaps, you can move from concern to crisis in the blink of an eye. So keep an eye on DB, as well as all of its European peers that trade here in the U.S. We could be in for another round of financial contagion.
Any other thoughts? Share them below.
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Things like rent and health insurance keep getting more expensive. But at least we’re saving money at the grocery store … or so says this interesting Bloomberg story.
It chronicles how we’re seeing widespread deflation in supermarket food costs, the longest stretch since 1960 (except for the recession year of 2009). Falling commodity prices and cutthroat competition are a couple of the contributing factors.
Saudi Arabia has been bleeding cash due to low oil prices, and its budget deficit has ballooned to 13% of GDP. Now, the country’s workers are going to feel the pinch.
The government is slashing bonuses and benefits that public sector workers grew accustomed to during the $100 oil days. That’s a big deal considering roughly two-thirds of the nation’s working population is employed by the government.
Speaking of oil, Iran threw cold water … again … on proposals for OPEC-led production cuts. The country wants to boost output to 4 million barrels per day (up from around 3.6 million BPD now), and isn’t willing to team up with Saudi Arabia and non-OPEC nations like Russia to curtail supplies.
The social media company Twitter (TWTR) continues to attract interest from larger suitors. Walt Disney (DIS) is reportedly considering a bid for Twitter, joining other tech firms like Salesforce.com (CRM) and Microsoft (MSFT).
What do you think about these reports of lower grocery store prices? How about the ongoing oil market machinations, and the self-inflicted pain that Saudi Arabia is suffering as a result? Any thoughts on the bidding war for Twitter, or other recent M&A deals? Let me hear about them in the comment section below.
Until next time,
Mike Larson
Mike Larson graduated from Boston University with a B.S. degree in Journalism and a B.A. degree in English in 1998, and went to work for Bankrate.com. There, he learned the mortgage and interest rates markets inside and out. Mike then joined Weiss Research in 2001. He is the editor of Safe Money Report. He is often quoted by the Washington Post, Reuters, Dow Jones Newswires, Orlando Sentinel, Palm Beach Post and Sun-Sentinel, and he has appeared on CNN, Bloomberg Television and CNBC.
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Anyone believing a “fact checker” on a Clinton website might be interested in some infrastructure that I have found out to be for sale.
I understand that Deutsche Bank owns Derivatives totaling more than the entire German GDP. What are those worth? Only as much as a buyer is wiling to pay for them. Maybe zilch, when push comes to shove, and they need to sell some to meet their debts.
It really doesn’t matter who wins or loses the debates between Clinton and Trump because the real loser is the American public. Yes there are definite differences in their platforms on which to base your vote however neither one of is qualified to lead our country. The best thing that we Americans have going for us is our ability to overcome and to be resilient. This process is revealing how unsettled the world is today. Each one of us controls our daily lives therefore I am living out my life by “making the best of every situation”. May God bless America!!
The choices we have are terrible. What happened to “We The People”?
obama has been a total disaster for this country! racism and debt!!! hillary will just make it worse! so theres only one choice to have a chance to make it a liveable country again DONALD J. TRUMP!!!!! He will reduce our TAXES so business can survive and thrive and put people back to work! People need to take care of themselves not rely on government handouts.So they need jobs available to them. We are headed to be a third world country real fast if we don’t get this election right. Business taxes from 35 to 15. I can grow my business and hire a lot more people!!! GOD BLESS AMERICA
John Q. Public voter is smart. They realize a better standard of living for all Americans will go a long way towards peace and harmony in our diverse population. Therefore, JQP will say Trump on Nov. 8.
OPEC is using oil as a political weapon now while they seem to be swimming in the stuff. But what are they going to do when the wells run dry or countries switch to alternate power sources? Nuclear power and electric cars could make a huge dent. As could natural gas. While electric cars are more expensive to buy, they are cheaper to run. How about a financing that is the regular monthly payment/lease for a gas guzzler plus a portion of the gas savings? Say $200 a month for the car plus say $180 of a $200 difference between the gas bill and the electric bill. Sounds kind of like Elio Motors where the monthly would be tied to the difference in the gas bill between your current V6/8 and their three cylinder car.
EVERY ONE I KNOW WHO HAS AN ELECTRIC CAR, THERE ELECTRCITY BILL HAS GONE UP 25%. THAT’S NOT REAL A SAVINGS FOR AN ELECTRIC CAR.
DEBATEAMANIA ( Wrestling Match)
The preselected questions presented to the candidates by Lester were apparently designed with some bias in themselves. For example, at the very start the preamble statement by Lester the Moderator declared the Economy is in recovery and jobs and wages are rising. Then came the first debate question:
What would you do Mr. Trump to deal with “the problem” of income inequality? They are presenting a political view (biased) of this economy not in agreement with the reported data elsewhere or even globally. In fact, 2015 was the worst year to make money doing about anything anywhere in the whole world since 1937. The global economy collapsed in 2015, along with the stock markets. The beginning of the end of credibility for Central Bankers has begun.
Our economy is hardly on fire. So, the debate producers are based on a false premise. The debates are propaganda or entertainment and the issues discussed selected to benefit Hillary to a greater extent. Another words, the Debates have been subtly “rigged”.
Donald Trump can not win unless he can show a much stronger performance on the debates (there are two left) than Hillary. The first debate was a draw, so from that point-of-view, Trump did not gain any new voters or add to his supporters.
Mr. Trump should cancel the debates.
Just a comment relative to consumer food deflation, if true. I have a drug plan and just paid the usual $75 for a renewal of a prescription. Only this time the $75 was for 2 packages (2 months supply) instead of 3 packages (3 month supply.) God knows what it costs if you have no drug plan. I inquired of the sponsor of my drug plan and got some incomprehensible message that the drug, which has no generic, had been moved by the Plan to a different category. Similar examples re rapidly inflating costs of health care and drug costs are everywhere.
So you see I and many others can no longer afford to buy food, so can offer no useful commentary or wisdom on food deflation. Sorry!
PS. 8 years of ZIRP has further exacerbated the problem. JY and B should be tried for treason IMV. Food prices may be going down because demand for it is going down.
Joan, I have a suggestion for you if you don’t need a particular drug that you are taking right now stop it. Instead of taking the drug begin a proper diet, exercise and use an herb or herbs to replace your prescription drug. If your doctor is the kind a doctor that is from only philosophy is American medicine then it’s time to get a new doctor. I have a doctor who is my primary physician that not only agrees with that Western philosophy but the Easter philosophy of medicine with regards to the healing and patient’s well-being. I recently had a drug for my heart that I decided to stop taking and in its place I changed my diet, exercised more often and found several herbs to replace that prescription drug. I have never felt better and my readings prove it. I have what’s called a bicuspid aortic valve issue and they put me on a medication that slows down my heart. Then I started thinking that I’m not the only bicuspid aortic valve patient on the planet, After researching I found that several gentleman had lived past their 80s with a bicuspid aortic valve issue and never had problems. So if your doctor is hook line and sinker into the pharmaceutical companies he is most likely getting a kickback from those companies for prescribing drugs that you don’t need. Just food for thought good luck.
I JUST REFILLED MY MEDS AND THEY WENT UP UNDER MEDICARE.
THE MYTH OF DEFLATION
Most commodities people buy as end products have not noticeably declined in price. Tires or groceries are certainly among them. They just did not go up in the past two years. This does not mean they went down much, if at all, for everyday consumers like me. The fiction of deflation is not really substantiated when you look at a large assortment of goods. So, you can pick any one product or food item and use it to back-up which ever position you like on the matter. Its really proves nothing conclusively. Journalists make-up stories most of the time anyway. They don’t really know.
Here is one subjective judgment. The grocery stores here in Florida didn’t get the memo. Prices seem to be up on every trip. Other stores other products may be different.
Mike –
I believe that our country is dependent on the continuation of a successful two party system.
You should not opt out from involvement.
You are a great thinker and writer. This is the first time I do not agree.
Ray Laub
The last time the Republlcians brought a Stock Markt Crash and Depression they did not hold a consistant majority for roughly 50 years…. That period under mostly Democratic leadership was the most sucesssful economic period in America’s history along with the Greatest growth of the Middle Class in our history…… I’m betting this time will be no diferent, espeially once Citizens United is removed from law and Glass-Steagall reurned…. In other words, it will be Hillary by a huge margin….
“The Market” seems to usually knee jerk everything and in this case it is purely a subjective issue so I have no faith in the accuracy especially since I hear today that every poll but CNN (Clinton News network) says Trump won. Now, at least that is a reading on many voters (or debate watchers). That might be a little more accurate but also subjective.
I thought Trump came across as volatile, overly emotional, obnoxious, arrogant, ignorant and totally out of control. And I WANT him to win! When he said he had a temperament better than Hillary’s while in the middle of one of many rants, he was laughed at – deservedly so – by members of the audience. He was not at all prepared. He should have been able to mop the aisles with her considering she doesn’t have a leg to stand on. It was amazing to behold how quickly she baited him into losing his cool and how she kept him off topic, unfocused and on the defense. He did nothing to help himself and I believe did a lot of damage to his chances. I have no doubt Clinton will rise in the polls after this debate, even though she’s a pathological liar, a criminal and I would say a sociopath. But she handled herself well compared to Trump who couldn’t have performed any worse than he did.
I think you are too harsh on Trump. He is suppose to the “amateur” outsider none-politician, and none-establishment super-rich funded none-pro candidate running to clean up insider-professional-politician controlled Washington, DC. He is the under-dog outsider “joe” off the street (although now a super-rich joe off of the mid-town wealthy streets, but still public streets. Once years ago, I had to park my car in the area to attend a self-publishing seminar, and saw Kennedy, Jr. jogging past my car, a couple of years before he was in the plane crash. These are public streets that any joe’s poor and rich can rub shoulders.) The audience has a lot of local college students who mostly are against the Republican Party for denying a reduction of student loans to lower market rates. My young friends and relatives are for a reduction of student loan interest rates to lower free market rates. On the birther issue, while the current President has not been proven to be not born on US soil, and thus he is not proven to be not a born US citizen, he is not unquestionably a “pure” “natural born citizen” as implied by the US Constitution. The purest “natural born” US citizen is interpreted to be born on US soil with “both” parents being US citizens at the time of birth. Only two US President do not have both parents being US citizens: Obama and Arthur. At the time when the US Constitution was first written during Washington’s time, the “natural born” citizen clause was requested by George Washington to be added to ensure extra royalty of the Commander in Chief. This may be due to the bad experience of Benedict Arnold turning coat, which severely shocked Washington. Arnold was a hero at the Battle of Saratoga, who single handily help to win the battle, while suffering a severe leg wound. At the time of Washington, being born on US soil, and having one parent being a US citizen was not sufficient to be considered to be a born US citizen, as most slaves, and most native-Americans were not granted born citizen status, even though they were born on US soil, and might had one parent who was a US citizen. The 13th Amendment changed that, but the Amendment does not mention the words “natural born” so it can be interpreted that the Amendment does not redefine “natural born” if the “originalist” interpretation is used to interpret the words natural-born. On the Trickle-Down economic policy (supply side economics) debate which Hilary correctly said that it has never worked in real life, Trump may make it work, if he allows a merit-system to be passed in Congress so that the amount of tax-cuts-for-the-super-rich is tied to the number of jobs created domestically, for example; however, the Republican in Congress had rejected any merit-based-tax-cuts-for-the-super-rich. One issue that is not mentioned is that Trump, if he wins, will be only “one-heart-beat” away from the ultra-conservatives-and-ultra-libertarians fanatics from controlling all three-branch of the Federal government, which can be really dangerous, and scary. This faction had advocated not bailing out Lehman Brothers, and to risk having the US Government defaulting on its debt (by freezing and rolling back the debt ceiling) which caused the US Government debt to be downgraded for the first time in history.
So you want a sociopath who handles herself on a stage???? Is this logic or are you the type of person who throws in the towel and give up to the enemy? What kind of hold does this woman hold on you and others.? We don’t need a performance of any candidate in the white house. We need a president who will help America people and I know Trump will. Trump was trying to be presidential and he was. Clinton was a spoiled brat and showed her A-s as a child would do. Watch out for the next Debate my friend. Trump will treat her with class but he will blow her off the stage. She is so desperate to get this power she has to drag her enemies in to help her. Birds of a feather flock together!!!!!!!! He is to be admired for even standing on the same stage. To beat an enemy you must have God on your stage with you. I am praying God will help fight this enemy and help the American people. Have you and others forgot the people? Obviously. you have to throw in the towel and run down a man who is fighting for you. If she does win for some crooked reason, you and others who vote for her will suffer like you never have. Then our country will die and God could come in and end it all. Wisdom knocks on your door, not stage performance. Don’t get on the band wagon because it is going nowhere!!!!!!!!!!! VOTE TRUMP God sent him to us .
Did either of you bother to read my comment, or did you read a sentence or two and jump to your own conclusions? That seems to be an epidemic too in America. Or perhaps, you simply cannot comprehend?
Financial market is everly complicated of all time and at the same time absolutely interesting…although am yet to trade but i do follow up on Weiss team up..
Once again, Trump showed he is out of contact with reality, inconsistent and not knowledgeable about such things as the law. Stop and Frisk has been ruled unconstitutional racial profiling by no less than one federal judge and New York City and other cities ceased doing it. The moderator Lester Holt drove that point home and Holt lives in NYC. The hard truth is that Trump has no hard plan to end Chicago’s violent crime problems ‘within days’ despite his previous lofty claim to the contrary.
Trump came across as obsessed with himself and big money. I believe I heard him say he made over $600 Million Dollars last year but he still will not produce one of his tax returns. My hearing is bad and he may not have said he made $600 Million. Regardless, he has to be hiding damning information in his persistent refusal to produce any of his tax returns.
There is little doubt among reasonable minds that Clinton performed much better and won last night’s first debate
he saiD he had I INCOME of 654mill if he is lucky he MAKES64 mill(10%) for any communist corp math WIZARDS,he would have to to work under articles of CORPORATION TO AVOID TOTAL CONFISCATION OF HIS PROFIT,SO HIS INCOME TAX WOULD BE 35% OR CALL IT 20 MILL FOR ALL YOU NEA WIZARDS, HE COULD DEFER 20% THROUGH STANDARD , LEGAL RETIREMENT STRUCTURES,OH I FORGOT CA NY NJ SOON NV WILL BLEED ANOTHER 5-10% IN CONFISCITORY
STATE INCOME TAXES(IF YOU MAKE MONEY IN THE STATE YOU PAY) AND ALL OF THIS HAS TO HAPPEN IN IN SEVERAL COUNTRIES STATES THE LIBERALS COULD NOT UNDERSTAND HIS TAX RETURNS,THE SAME WAY THEY HAVE NO GRASP OF THE BUDGET,OR COSTS, WHO IS OUT OF TOUCH WITH REALITY?
Mike,
I think the MX peso is as good of a proxy as you’ll find for the way Wall Street feels about the election, however, Wall Street and stock investors are a minority among voters so I’m not sure how meaningful it is.
I am happy to hear Trump bring up the Federal Reserve and their contribution to bubbles. I think Donald is not afraid to take on establishment with his opposition to the way the Fed has handled things.
Eric
Mike,
BTW, I’m booked for the New Orleans Conference; and I’m looking forward to what you have to say. They are offering a wonderful and deep lineup of speakers. Your presentations in Alaska this July were great.
Sincerely,
Eric
MIke, You are very smart regarding what you said of the Mexican Peso possibly being a proxy for how the first debate went.
Fortunately, their are four weeks and two more debates remaining. Hopefully, Trump will
learn from his mistakes and greatly improve his performance during the final two debates.
I could say much more about this however, It is obvious Clinton should and could have easily been put on the defensive many times last night and Trump failed to take advantage of those opportunities, including her e mails, her stating she “can’t remember and can’t recall” memorized statement repeated multiple times while being interviewed by the FBI and NOT put under oath. Bengazi, the Clinton foundation money laundering pay for play machine could have been explained so the millions of viewers would have truly understood how corrupt Clinton is, etc, etc.
I’m not sure the markets are a good predictor of political events, the Brexit seemed to be a big miss…
Grocery prices less? Less than what? Every time I shop the tab gets higher. Just a few weeks ago, for instance, I wanted to buy some dates…the price had gone from $5.00 to $6.99 for same brand, same number of dates in the package. Over the last couple of years my total tab every time I shop- same store…approximately same items ( no meat except bacon- which, incidentally escalated a couple years ago and has never come back down… all the tricks of the trade are used- 1/2 lb per pkge..extra thick bacon…2 pks for the price of one….etc etc.
How can a guy that is so well read and able to make good judgment calls be apolitical.
The msm will assert that Clinton is winning at every opportunity, be it through skewed poll numbers, left-leaning pundits or out-and-out lying to name a few. But counter-intuitively these tactics will only embolden ever-increasing Trump supporters to get out and vote on Nov.8. Brexit 2.0 looms just on the horizon and markets stubbornly will once again be caught behind the curve. So we’ll see what happens.
The Germans have told the Italians to prepare to bail in their banks, so it would be the end of the EU should the Germans bail out their banks. Germany has postured itself into a corner by doing this as they would be seen as the party that destroyed the EU and the euro all in one fell swoop.
Cheaper grocery prices? That’s not my impression in California.
This market rather reminds me of when I was young and went to the fall fair. I would be at the balloon shooting booth with a bee bee gun trying to hit a blow up balloon waving in the breeze.
Not to long ago when oil went up the stock market went up but now its vis versa. The market now seems to pick and choose what fact or fiction ladder it wants to climb up on. What happened to the oil theory. Yes I guess the consumer confidence levels should increase with the promise that almost free money will hang around longer than expected. Junkies have a tendency to want more drugs. Also the Fed is finally being gauged in its true form. All their huff and bluff have disappated. All this smoke and mirrors razz ma tazz has only increased my desire to own gold. Its all a matter of timing from here on out. Kudo’s to Larry his forecast may yet be proven right but then politicians are so predictable. Gold after all is a hedge against politicians and in turn their wheel barrow currency.
These lower grocery store prices are a mirage. Yes they are drawing cards .99 for a dozen eggs then read the Kroeger section where they cut prices to match Walmart and their sales went up but their earnings and stock prices dropped. People are spending more money and time running around looking for bargains than they save. This also feeds into consumer confidence. Anyone shopping for a BASKET of groceries will tell you prices are going up. Its in human nature to watch the bouncing ball and ignore the rest.
I think most Americans are too smart to vote for Hitlary Corleone…..and the polls that say otherwise are rigged (several firms have been caught cheating already..and the cheating always favors the Democrats, just like all the voter fraud!)
If you want Hillary to win just look at what has happened to places like Detroit.
Anybody ever looked at a nighttime satellite view of Korea? Notice a difference between north and south? Kinda dark in the north, wouldn’t you say? That’s what these communist NWO types in the guise of democrats want for our future, along with the deaths of over six point five billion people. A broader middle east war? What the bleep were they thinking?
I agree with your readers that grocery prices are somewhat higher, but prices on the farm are in a major recession! Corn is less than $3.00 at the elevator. Farmers cannot break even at these prices, but non agricultural people (the majority) don’t have a clue. As far as the debates are concerned, it seemed it was 2 against 1. The moderator was biased! And CNN said Hillary won the debate….the night before. People who want Trump may be keeping their mouths shut, much like the Brexit folks.
The low crop prices reminds me of the 1920s when the farmers were in a depression, but Wall Street was still booming.
The American diet has to much calories, and fat in it (pun intended) so it can downsized greatly by buying less food, and by buying less expensive processed foods that have a lot of fat and salt. Lower oil prices should translate to lower food prices, as farms, food processors, and transportation use oil. Lower Euro should translate to lower European foodstuffs that are imported into the US. Having 10 thousand baby boomers retiring per month should translate to less demand for calories, as none working people need less calories when they are not working. Overweight people eating less can save money while increasing health by not over eating. In very bad economies, people will eat out less to save money. My grand uncle’s son had him funded opening a big restaurant in mid-town somewhat before the 1929 Great Depression during the roaring twenties. Needless to say, they lost their shirts when the Great Depression hit, and people went to restaurants a lot less during the bad economy. For people who are already eating too much, and who are eating expensive prepared foods, it is rapid to try to eat less, and to eat less expensive none prepared foods, and saving money at the same time. In my local supermarket, I wait and buy pasta when it is on sale, which is as frequent as every other week. A $1.40 box of one pound pasta is marked down to 99 cents to even 88 cents, and to 69 cents for house-brand, so that there can be a 100 percent savings, when only buying foods that are on sale. Milk prices can vary significantly between stores. In bad economies, people tend to exert more effort to find the less expensive stores.
correction: About 10 thousand baby boomers retiring per day, and not per month.
I’m a Kiwi (New Zealander that is) and watched the 1st Presidential Debate live. Notwithstanding it is shaping up to be the “greatest show on Earth”, entertainment wise, we are keenly interested in the results for its global implications. When America sneezes we catch a cold. So for what it is worth, here is my take from the South Pacific. Hillary was well scripted, well prepared and presented as the long time career politician that she is. However, she did spend a fair bit of time smiling at Donald when he was speaking, which I felt was a bit smug and dismissive. Donald was pretty much Donald and too keen to interrupt, a reflection of his natural combative style. So on presentation criteria, Hillary won the day. On economic issues I think it was another story. The Don hit pretty hard on the loss of jobs in manufacturing due to trade agreements and low cost labour off shore. I think this will remain uppermost in the minds of middle America when the crunch comes in November. Hillary had no response to this except to say that she would tax the wealthy more to fund infrastructure spend and thereby create jobs. Donald quite rightly said you have had 30 years to do something about this, so what is going to be different this time around? The real message here is that if Hillary wins office, the powerful wealthy lobby groups (and probably backed by hubby Bill) will put so much pressure on her that her best intentions will go out the window. Vested interests and the deep state will prevail. Same old same old. So a win for Donald on that one.
I also watched the after match commentary from CNN. Wow, that outfit knows how to stack the table. 12 or 15 commentators came and went over an hour or so and 90% of them did not have a good word for the Don. I dismissed the whole charade as exactly that…a charade.
Good luck to you all, and who to believe. All I can say is that in Trump you will get what you see. With Hillary, she has a long history of blowing with the wind. Cheers
Our Congress and government are mostly run by lawyers. Lawyers by definition of the profession consist of people who are “for hire” for money to do service and bidding for their clients, the richer the clients the better. Thus, is it any wonder that our Congressmen and government people like to be hired by rich people to do the rich people’s bidding? Lawyers are trained in given convincing and glorified speeches like Lincoln’s “… of the people, by the people, and for the people” speech, which is getting to be a joke these days. Sure there may be honest lawyers working in the government who are not interested being hired by the rich, perhaps like at one time in the past like Lincoln, who was a lawyer, but in today’s free market driven way of measuring things, money is the only measure, and money is the only consideration in a free market driven society. In free market economics, money is king and god, and money is the only factor of consideration in free market economic theory. Working middle class people are not people, but only a cost factor to be whittled down. Pollution control is a cost to be avoided. Global warming issues are to be postponed into the future so as to not impact the next few immediate quarterly reports. And so forth.
As I said before: “Kill all the lawyers.” —-Wm. Shakespeare. As long as 95% of congressmen are lawyers, trained to lie for a living and knowing nothing of economic markets or anything but being on the take, our country is doomed. Recruiting mathematicians and physicists to OBJECTIVELY assess markets and propose solutions would be marked progress. Mathematicians and physicists do not change positions or present false findings for money because they are trained to be forthright with evidence behind them. The first step in turning this country around is to preclude lawyers from Congress, preventing the US from being sold down the river in return for lobbyists’ kickbacks.
Look at the deficit and who put us there??????????????
Your price of grocerys depend on theft, spoiling and pensions. That explains California’s higher price
Who is paying all of the bills to this illegal folks that have. been accepted into the United States , rent utilities , groceries ,clothing , transportation ,ext. ?
OK, guys, get use to the fact that Hillary is super smart, emotionally strong, and focused on solving our problems and keeping us safe in a very unstable/complex world. Her economic plan is fiscally responsible and realistic, while the “king of debt” has an economic plan based on growth rates we will not see anytime soon. All the trash talking is just stupid. Hillary knows how our gov’t works and can reach across the aisle to get things done and has a moral compass. Trump is such a gorilla/executive BOSS who lies every few minutes (even to himself) that he will never be able to adjust to our system of checks and balances. World leaders will not be able to trust him. His Organization has so many entangling alliances he will always have multiple conflicts of interest. His impulsiveness and preoccupation with himself is beyond normal politics. Debate 1: She was completely calm, collected, and prepared, while Trump was a disorganized, bombastic mess. Looking forward to Debate 2.
We unfortunately will have to vote for the lesser of the two evils in this presidential election.I’m voting for Trump as he has no obligation to special interests. As to crooked Hilary you might want to read the book written by a white house guard who said Hilary was the one with the temper and what did she do as senator and Secretary of State-ZILCH. He being a businessman I feel gives us a person who knows he needs good people underneath him.He may be another Reagan. I feel if he is elected
he will become presidential. Lets hope for the best. God Bless America.
WHAT DOES ALL THIS ECONOMIC, CURRENCY ‘SOUP’ MEAN TO THE RETIRED POPULATION AND THEIR FIXED INCOME SITUATION. HOW IMPORTANT IS IT TO HAVE AN INVESTMENT IN GOLD THESE DAYS? HOW CAN SENIORS WHO ARE RETIRED BE PREPARED FOR THE CURRENCY AND OIL PRICE SITUATIONS YOU ARE DISCUSSING?
I AGREE WITH BADGER 10. WE NEED SOME FRESHNESS IN OUR POLITICAL ARENA. DONALD TRUMP IS NOT LOOKING TO INCREASE HIS FINANCIAL STATUS AND THAT IS A MUCH BETTER PLACE TO COME FROM THAN IT SEEMS THE CLINTONS HAVE BEEN DOING BY USING THEIR POLITICAL STATUS TO LINE THEIR COFFERS. MOVERS AND SHAKERS OF THE WORST KIND, BASED ON RESULTS. KEEPING IN MIND THE PERFECT PERSON HASN’T BEEN CREATED YET AS LEAST POLITICALLY. JUST SAYIN’.