I can remember not so many decades ago when the U.S. Chamber of Commerce was considered a safely Republican outfit. Republican policy was pro-business, and Republicans won routine endorsements from the Chamber.
But the interests of the Republican Party and the U.S. Chamber have diverged. To a large extent, the U.S. Chamber is now Center-Left, while the GOP has become more conservative, over the very loud protestations of a small number of Nevers.... [Read More]
12 And Jesus entered the temple and drove out all who sold and bought in the temple, and he overturned the tables of the money-changers and the seats of those who sold pigeons. 13 He said to them, “It is written, ‘My house shall be called a house of prayer,’ but you make it a den of robbers.”
This was quoted recently by a Ratburgher. It was part of a long-running back and forth we have had about the political responsibilities we do or do not feel as American consumers or investors.
As more than 1,400 YAL students and 100 elected officials prepared to gather in Dallas on Monday for YAL’s premier event, the organization received word that the city had issued a “force majeure” order canceling it “to limit the spread of COVID-19.” This happened a mere three days before the event was scheduled to kick off — and in spite of several months of caffeinated workdays registering attendees, booking flights, and coordinating with investors. YAL even had its staging, banners, and audio/video equipment waiting in the parking lot of the venue.
Make no mistake: This was never about safety. With tyrants, it never is.... [Read More]
If you think there’s something a bit curious about a frothy and pricey stock market existing simultaneously with a global pandemic, Depression-level unemployment, GDP and corporate earnings collapse, freeze-up in world trade, riots by anarchist mobs, devastation of small businesses, and corporate bankruptcies, you might just be thinking that we’re seeing a classic asset bubble blown by the injection of unprecedented amounts of “money” created out of thin air by central banks.
One characteristic of financial bubbles, particularly in their late stages, is a massive pile into the market by small “retail investors”, who bet their modest savings in the belief that “stocks only go up” and “this time is different”. Another sign of a bubble is the emergence of financial gurus, often with unusual backgrounds, proclaiming this “new wisdom for a new era” to their enthusiastic followers.... [Read More]
HARRISBURG, Pa. (WHTM) — State Representative Daryl Metcalfe (R-Butler) and 24 co-sponsors introduced House Resolution 915, Tuesday afternoon, calling for the impeachment of Gov. Tom Wolf.... [Read More]
Many denizens of Ratburger will be familiar with ZeroHedge — a financially-oriented website that buries occasional gems of information in a wide sea of anti-Western propaganda with possible Russian & Chinese connections. But it is worth taking the time to look at this ZeroHedge post:
If you have an hour and forty-five minutes to spare, here is a concentrated dose of investment wisdom from Warren Buffett, CEO of Berkshire Hathaway (BRK.A:NYSE), at their annual meeting on 2020-05-02.