I always love Larry Kudlow’s enthusiasm and can-do attitude. It’s the spirit for what our economy is built upon. Kudlow knows there's a fine line between success and failure, and that it's freedom that makes the difference. Before the unpredictable China virus hit American shores, Larry Kudlow had helped Donald Trump craft an economic policy that had driven unemployment levels to near record lows (see my chart below). In a speech to the Republican National Convention last night, Kudlow promised more tax cuts and regulatory rollback in Trump's second term. He specified: Payroll … [Read more...]
Investors Facing Long-Awaited ETF Industry Shakeout
You have probably invested at some point in ETFs or ETNs. The exchange-traded investments have thrived for decades now as a lower-cost and more efficient alternative to mutual funds. But after years of huge fund companies issuing new ETFs and ETNs by just throwing products at the wall to see what stuck, the industry is shaking out. The Wall Street Journal reports that this year alone 188 exchange-traded products have been shut down. Michael Wursthorn writes: Asset managers have closed more exchange-traded products than they have launched this year, a sign of how market gyrations have … [Read more...]
Sen. Tim Scott: President Trump Built the Most Inclusive Economy Ever
Last night, Sen. Tim Scott, (R-SC), reminded viewers of the Republican National Convention about where the country has been, and how much progress has been made. He also reminded those watching about President Trump's success in creating jobs for Americans before the China virus hit. I especially enjoyed Scott's memory of learning from his mentor about business and opportunity while he was young. He said "The next year I met my mentor, John Moniz...a Chick Fil-a operator. John saw something in me that I could not see in myself, and started teaching me valuable lessons in life... Like, … [Read more...]
Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
For a few precious hours Sunday, hundreds of boats gathered under the Newport, RI bridge to begin a massive Pro-Trump boat parade to celebrate our love for country and concern for where it’s going. As we powered up the bay, sounding our horns, waving flags, and simply enjoying the flotilla, we were fired up in anticipation of seeing the crowds at Colt State Park. Thousands lined the shore waving flags and cheering as the parade went by. You felt the love for your fellow Americans. It was a special day for my family and for all of those who turned out in Rhode Island: a day to be proud to … [Read more...]
Despite COVID, Small Businesses More Optimistic in Trump Era vs. Obama Era
Even after the crushing punishment blue state governors have wrought on small business owners, they are still more optimistic under President Trump today than they were for nearly the entire Obama-era. Blue state governors have come out to protect the rich, but President Trump has worked hard to get America's small businesses running again. Some governors, like South Dakota's Kristi Noem, have helped. States like South Dakota that have remained open have fared better than the lockdown states. Americans working in the service industry also feel better now than they did in most of the … [Read more...]
Dog Days of Summer/Trump Parade/No Go Zones/Bannon Hit Job
Welcome to the dog days of summer, literally. Has there ever been a more rewarding time to have a dog? I can tell you how much we’re enjoying our walks with ours and just the happiness he brings to the family. They do become part of the family. A client told me they had to put their Shih Tzu down three weeks ago after 15+ years, outlasting her kennel mate by two. They now have an Aussie Doodle (a cross between a poodle and an Australian Shepherd). He told me he’s been on early morning watch and that he’d already been up for an hour! (It was early). Told me they had him delivered by air, … [Read more...]
You Know in Your Gut Why My September RAGE Gauge™ Concludes This
Pre-China virus, anyone who wanted a job could get one. But for some, no matter how loud an economy roars, they’re too lazy to work. For them, any economy is a bad economy because living off your taxed wages is a whole lot easier. Meet the viewers of the DNC infomercial. The puppet Biden and his masters tell their followers: “you work for me.” The little Caesar-like mayors and governors in blue cities and states find their holy grail with a health crisis (probably on the way out the door) to shut down an economy to keep the plebes locked up, to turn against each other, and under their … [Read more...]
Looking to ReFi? You May not Get Those Record-Low Rates Everyone’s Talking About
You are your most valuable asset. I explained to you the mental checklist you should examine when setting goals. First on that list was being out of debt. In America that usually means owning your home, outright. I suggested you get rid of your mortgage, or at least do a refi to a 10 or 15-year mortgage that will make you a real homeowner sooner rather than later. The financial media have been shouting from the rooftops about the record low mortgage rates available today. But you need to be careful if you're pursuing a refinance mortgage. Ben Eisen explains at The Wall Street Journal … [Read more...]
Tucker Explains: The Anti-Police Sentiment of the Democratic Party Platform
South Dakota and Sweden Fared Better than America’s Lockdown States
At LewRockwell.com, former congressman and presidential candidate, Dr. Ron Paul, asks how many lives could have been saved if America had taken a different course for fighting COVID-19. Paul notes that South Dakota and Sweden, places where hard lockdowns were avoided, have fared better than America's lockdown states. He writes: When Anthony Fauci demanded a lockdown of the economy for an indefinite period he actually seemed oblivious to the havoc it would wreak on the economy and on people’s lives. People like Fauci and others who demanded lockdowns and stay-at-home orders were still … [Read more...]
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