Money Talks

One subject that can always guarantee some angry emails and usually name-calling along lines of "I’m a moron to suggest that technological substitution has to be considered in so many areas from minimum wage, to government subsidies, healthcare reform and transit. It's a good bet these people won't want to consider the impact of technology on the Presidential election, where Donald Trump rode blue-collar job losses to the white house in some key states.

Earlier this week in a business comment I upset some media colleagues by saying that we were witnessing not only a major decline in US democracy but also a death blow to the mainstream media as we know it.

Obviously that's a broad generalization, but I think it's valid.

Michael Campbell interviews widely followed market analyst Greg Weldon. Greg is watching the Russian ruble and Mexican peso for clues as to how the market perceives the US election, an event which will impact on stocks, volatility, and interest rates. Greg also illuminates two key takeaways on OPEC, the impetus behind their recent short term moves where Saudi Arabia cut production, as well as the longer term, bigger picture.

I don't think anyone in the commentariat shows any sign of understanding what is revealed by the two political quotes below. The first quote is my favorite because it sums up my sentiments.

Gary Johnson, the presidential candidate for the Libertarian Party in the US was asked during his appearance on The View whether he would vote Clinton or Trump if someone had a gun to his head. He replied:

"I'd let the gun go off."

Recently the central bank of Switzerland bought 3,300,000 shares of Apple and Mario Draghi said they will do ANYTHING to save the economy and financial markets. Skilled investors like Soros, Gross, Icahn & Druckenmiller are saying they don't like the underlying implications of the Banks actions at all, and are positioning their portfolios for a tragic conclusion.