Florida and Ohio are obviously the big states in tomorrow’s GOP primaries, but let’s not forget about Illinois and Missouri. Both states award delegates on a congressional-district level. If a candidate wins the districts he wins all the delegates. "Together, Missouri and Illinois will award 121 delegates — which would go a long way in helping Trump stay “on track” for the nomination even if he loses either Florida or Ohio,” writes David Wasserman: And so Illinois and Missouri are a big part of the reason Tuesday is such a huge fork in the road. If Trump sweeps Florida, Illinois, Missouri and … [Read more...]
Sea Island and the American Enterprise Institute
"From what has been reported, it would not be extreme to say this was a conspiracy of oligarchs, War Party neocons, and face-card Republicans to reverse the results of the primaries and impose upon the party, against its expressed will, a nominee responsive to the elites’ agenda,” writes Pat Buchanan in “The Sea Island Conspiracy.” He’s talking about the elites who run the show in Washington. And they do it through a tax exempt 501(c)(3) such as the ultra-neocon American Enterprise Institute. Speaker Paul Ryan (pictured to the right), along with Senate Majority Leader Mitch McConnell, GOP … [Read more...]
Millennials Moving to the Burbs
The best investment I ever made in my early 20s was buying a multi-family in Marlborough, MA when I was working out there at Fidelity Investments. I like this trend for Millennials. I have always believed that owning your home is the best investment you can make when you’re young. Here the Globe's Prashant Gopal explains that young millennials are fleeing the higher priced cities to buy in the suburbs: Cities may be the top choice for millennials who rent apartments, but young home buyers are moving in droves to the suburbs, where prices are lower and backyards are plentiful. The share of … [Read more...]
Trump’s Win in Michigan and Rush Limbaugh
You can feel the momentum building for Donald Trump with his win last night in Michigan. I was talking with a client who lives in New Jersey last week and I asked him for the word on the street about Chris Christie’s endorsement of Trump. He said the press was having a fit, and demanding Christie’s resignation. That can’t be much help. But, as a colleague of mine points out, maybe Christie’s endorsement helps in the redder New England states where he’s still popular like New Hampshire and Maine. In Massachusetts, I find it pretty amazing that 20,000 voters shed their party affiliation to … [Read more...]
The Big Short and The Prudent Man
If you want to lose even more faith in the big banks on Wall Street then see the movie The Big Short. It’s an excellent portrayal of what ignited the Great Recession based on Michael Lewis’ book of the same title. It never ceases to amaze me how little we learn from history—one that's littered with financial disasters. If you want to make money and keep it then you would be wise to focus your attention on the prudent man rule. Bevis Longstreth writes in the footnotes of Modern Investment Management and the Prudent Man Rule: Of course, it was early recognized that market manipulators could do … [Read more...]
Kidnapping Prevention for Young Women
Over the weekend my daughter and I attended Sig Sauer Academy’s eight-hour course on Kidnapping Prevention for Young Women. This was the logical next step in constructing her self-defense mindset. For years now she has been shooting at our local gun club at our Friday night kid’s shoot and is comfortable around guns. A self-defense course was our next step and by traveling to Sig it gave us some precious time together to discuss her self-defense. One key takeaway from the course is to use your common sense—avoid vulnerable situations. Easy enough to say but sometimes difficult to … [Read more...]
Detroit Debate Takeaway? Elites are Nuts
My takeaway from last night’s GOP debate? The elites are nuts. They sent out Pitbull Mitt to attack Donald Trump because he’s the biggest threat to “business as usual”. They’re in an uproar about the sophomoric attacks between Donald Trump and “Cruzio”. But what they don’t understand is real America doesn’t care about the elite’s rules anymore. I can tell you from personal experience dealing with some of these “elite” folk that they use some of the foulest language behind and in front of closed doors. And talk about thin skin. Who has laid down this moral mandate? “The Holy Father in Rome?” … [Read more...]
Commit to a Life of Success
You may be familiar with Shane Ellison from his book Over-the Counter Natural Cures and his action-oriented website www.thepeopleschemist.com. I’ve read his book several times and refer to it, and his website, regularly. Shane suffers no fools. He tells it the way he sees it, often times, with language not meant, shall we say, for the dinner table. Recently a client and I were talking about sports—wrestling in particular—and he was reminded of Shane’s blog: My New Year’s Resolution 2016. In it Shane talks about how he’s helping his 10-year old son Blair commit to a life of success through … [Read more...]
20,000 Mass. Voters Quit Democratic Party
Voter turnout was huge yesterday. In “blue” state Massachusetts, 16,300 Democrats shed their party affiliation to become independent voters. Since Jan. 1, 3,500 more shifted to the Mass GOP. Why? According to Secretary of State William Galvin’s guess, it’s simple: “The Trump phenomenon." “The tenor of the Republican campaign has been completely different from what we’ve seen in prior Republican presidential campaigns,” Galvin said. “You have to look no farther than the viewership for some of the televised debates. “The New York Times referred to the campaign as crude; I suppose that’s fair,” … [Read more...]
Trump Kills Establishment
This is what the end looks like for the establishment wing of the Republican party. The empire building is over as Pat Buchanan declares: Instead, the establishment opted for empire, for expanding old alliances, dumping over regimes, crusading for democracy, sending our soldiers out to remake Third World countries in the image of Iowa and Vermont. Who now thinks all these wars were worth the cost? Whether Trump wins or loses the nomination, the immigration, trade and foreign policies pursued by the elites since the end of the Cold War are dead letters. The nation has declared them to be so … [Read more...]
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