Ted Cruz - Texas
It's no secret that we Americans are an arrogant lot. Full of ourselves, egocentric, totally lacking in self-awareness. With the current government stalemate on raising the debt ceiling, and possible default, we have hit a new low. We are not leaders, leaders are humble and measured by their deeds for the common good. It's not always about compromise, it's the ability to address the current issue and come to a solution that is in the best interest of the world economy. The US is no longer the world leader, we are acting more like financial terrorists.
Dewey, Cheatham & Howe
We are all too familiar with the religious extremist organizations that resort to violence and threats to intimidate and coerce, for political purposes, the world's populous. The basic concept of terrorism is to advance your ideals by creating a state of fear in order to have your target enter a state of submission.
If you didn't know it was the US government, you would think it was coverage of Al Qaeda or the Taliban. Destined to bring down the capitalist western society and the global economy. This current wave of terrorism, being inflicted on the world, has little to do with policy, or even ideology, but has all the extremist insurgent tactics and suicidal strategies. These western insurgents are championed by wealthy religious ideologues who simply seek to tear down our government. Follow the money trail of millions in unregulated, untraceable "dark money."
While the economic turmoil, we have experienced since 2007/2008, has generated some of the greatest wealth creation we have seen in our lifetime, this current group of so called leaders is striking fear into the hearts of SSWM. Sure, buy on the dips, take profits on the news of a potential agreement. We know the congressional leaders trade on proprietary information. There is a delicate balance here. Most of congress, that I have seen testify, just don't get it, reading from scripts prepared by some MBA intern looking to advance his/her own agenda. This has the potential to be a Black Swan event, one never seen before in the history of the world. Would the egos of our current leadership group really send the globe spiraling out of control, you bet they would. It's all about the perception of winning, winning in your own mind, winning at all cost
If you didn't know it was the US government, you would think it was coverage of Al Qaeda or the Taliban. Destined to bring down the capitalist western society and the global economy. This current wave of terrorism, being inflicted on the world, has little to do with policy, or even ideology, but has all the extremist insurgent tactics and suicidal strategies. These western insurgents are championed by wealthy religious ideologues who simply seek to tear down our government. Follow the money trail of millions in unregulated, untraceable "dark money."
While the economic turmoil, we have experienced since 2007/2008, has generated some of the greatest wealth creation we have seen in our lifetime, this current group of so called leaders is striking fear into the hearts of SSWM. Sure, buy on the dips, take profits on the news of a potential agreement. We know the congressional leaders trade on proprietary information. There is a delicate balance here. Most of congress, that I have seen testify, just don't get it, reading from scripts prepared by some MBA intern looking to advance his/her own agenda. This has the potential to be a Black Swan event, one never seen before in the history of the world. Would the egos of our current leadership group really send the globe spiraling out of control, you bet they would. It's all about the perception of winning, winning in your own mind, winning at all cost
The black swan theory is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. Our leaders are very good at hindsight, no foresight. With hindsight comes the ability to rewrite history.
The theory is founded in this basic view:
The theory is founded in this basic view:
- The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology
- The non-computability of the probability of the consequential rare events using scientific methods (owing to the very nature of small probabilities)
- The psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs
Did Congress ever care what the voters think? We don't think so. Every election, held after a government shutdown, did not result in a change in the House or Senate majority party. Reelection rates remain extremely high. More than 90 percent in the House and greater than 80 percent in the Senate. Only when Congressional salaries are impacted, and planes begin to crash, do we stand any chance of an impasse being resolved. Why?:
- the essential portions of government continue to function
- leaders will get reelected anyway
- they do not lose elections because of shutdowns
- the big one - they still get paid
The Crazy Eight - let's not forget them
 Steve King - Iowa |  Ted Yoho - Florida |  Louie Gohmert - Texas |  Steve Stockman - Texas |
 Paul Broun - Georgia |  Kerry Bentivolio - Michigan |  John Fleming - Louisiana |  Michele Bachmann - Minnesota |
Don't I Look Magnificent?
Plus, as we have written before, they know they have the power to manipulate markets. They can trade on information not available to the general public. Let’s say Michele puts in an option to sell one share of a hypothetical company called, I don’t know, “Morons” at $15. If she knows that continued squabbling and poor results drive the price down to $5, she can buy a share on the open market for $5 and exercise the put to sell at $15, booking a $10 profit. Where is she putting her money, companies like Lockheed Martin, GE, BAE, Tyson Foods and Textron.
If it wasn't so scarey, it would been fun to sit back, profit from the volatility and laugh at some of the best poorly acted comedy on television.
Maybe those 'fat cats' in Washington aren't fat after all. Could be they are just wearing suicide vests under those Armani suits ... and they think they look marvelous. Sua Sponte.
Bradford C. Bruner for Sua Sponte Wealth Management
If it wasn't so scarey, it would been fun to sit back, profit from the volatility and laugh at some of the best poorly acted comedy on television.
Maybe those 'fat cats' in Washington aren't fat after all. Could be they are just wearing suicide vests under those Armani suits ... and they think they look marvelous. Sua Sponte.
Bradford C. Bruner for Sua Sponte Wealth Management
