Thursday, August 29, 2019
Trump's in denial when he says we're great again, Democrats are in denial saying we were never great in the first place
Flashback to one year ago this month when Andrew Cuomo, Democrat Governer of New York, said it plainly.
Both sides are in denial, which is one reason why little is changing for the better.
Back when America was great, Q2 real GDP used to average 4.4%, under Trump it averages 2.6%
From 1982 to 2000, coincident with the great Reagan bull market in stocks, the average report of real GDP for the second quarter was 4.4%.
Trump was going to make America like that again.
At an average report of 2.6% so far, he has no grounds for saying America is back, let alone greater than ever before. He's doing better than Obama at 2.3%, but that's about it.
The economy shrank dramatically after 2000, and no one has figured out how to fix it.
Wednesday, August 28, 2019
US crude oil production in 2019 is at record high levels never before experienced in the post-war
 |
all time high of 12162 BBL/D/1K in April of 2019 |
U.S. Oil Production Hits 12 Million Barrels a Day for First Time
YouTube's Susan Wojcicki wins Hypocrite of the Year Award: Purges Vdare et alia to please ADL, VERY NEXT DAY says controversial and even offensive content OK on platform
Martin Luther wrote "Against the Jews and their Lies" for a reason.
Tuesday, August 27, 2019
US on its way to becoming a net exporter of oil, dominating global oil market and securing the dollar as global reserve currency
Note to Chris Irons: This is not bullish for gold.
The US is about to send a lot more oil into an already oversupplied world market:
“It will be 4 million barrels a day by six or eight months. Four million barrels a day is a lot bigger than the North Sea as a whole. That crude oil is going to go everywhere. It goes to Asia, Europe, to India,” said Edward Morse, Citigroup global head of commodities research. “If the U.S. gets to 6 million barrels a day in three years, it will be hands-down the world benchmark.” ...
“Add on the amount of petroleum products that are exported and add on the amount of natural gas that is exported. The U.S. becomes the biggest hub for energy trading in the world,” said Morse. “It has dramatic implications for the U.S. dollar.”Morse notes there are those who doubt the dollar’s future as the global reserve currency. But in a scenario where the U.S. grows into an energy powerhouse, “the dollar becomes more entrenched.”The U.S. had been the world’s dominant oil producer, prior to World War II. “This will be back to the future for the Gulf Coast,” said Daniel Yergin, IHS Markit Vice Chairman. Yergin said the U.S. would not have had the opportunity to increase production as much, were the law not changed in 2015 to allow for U.S. oil exports.
Biden net favorability in Aug 2019 down 42% since Jan, Beto -41%, Clobber-You-With-A-Binder -40% and Sanders -18%
The fake Indian is now tops among Democrats, the George McGovern for our times.
Chotiner interviews Wax in The New Yorker, but it couldn't possibly be that she was sent to make WASPs look bad just in time for you know what, no, no way
C'mon, it's election season, people, and the narrative-building is well underway.
Sunday, August 25, 2019
Meanwhile in New Hampshire, future president Joe Biden says Vermont is very beautiful
Which I'm sure will really help him in the New Hampshire primary.
Subscribe to:
Posts (Atom)