Closing Thought–04Nov19

Back in the days, about 30 years ago, I was a stock trader and I made some cash and I also lost some cash…..but I wish I had a way of knowing some things in advance and I would have made a lots more cash……

Instead of gold futures I would have traded in another metal……Palladium…..

Gold may be the best known precious metal, and it’s currently selling for about $1,490 an ounce. But it’s now in the rearview mirror of a different, lesser-known precious metal: palladium. About a year ago, palladium was selling at about $900 an ounce, notes Bloomberg. Today? More than $1,800, a threshold it recently cracked for the first time, reports CNBC. As the Wall Street Journal explains, the soaring price can largely be chalked up to tighter emissions rules for gas-powered vehicles in China and Europe. Palladium is used mainly to build catalytic converters, which make exhaust systems burn cleaner. And what’s happening appears to be a straightforward case of supply not keeping up with demand.

In its primer on the metal, Bloomberg notes that palladium is not mined directly. Instead, it emerges as a byproduct in the mining of platinum and nickel, mostly in South Africa and Russia. For years, the auto industry has been talking about finding a cheaper alternative, but so far none has emerged. Don’t expect that to change: At this point, automakers seem more likely to put their R&D money into electrification—which would make palladium exhaust systems obsolete—than into a palladium alternative. In the meantime, investors are enjoying the run: Demand outpaced supply in 2018 for the sixth consecutive year, and the Journal notes that palladium is one of the best-performing market assets in 2019.

Where is that damn “way back machine” when you need it?

I Read, I Wrote, You Know

“Lego Ergo Scribo”

Warren And Medicare For All

All the major candidates have offered up their plans for health care….most want either a Medicare For All type of thing or they want to “reform” the ACA to make it better…..

I keep trying to stay ahead of all the BS swirling around the one idea that has the health industry running scared….https://lobotero.com/2019/10/28/can-we-afford-medicare-for-all/

One of the last major candidate to offer up her plan for a Medicare For All and how to pay for it is Warren…..and now we have her plan and let the criticism begin…..

Elizabeth Warren promised Friday to spend more than $20 trillion over the next decade to provide government-funded health care to every American without raising middle-class taxes—finally offering ideas about how to implement the massive “Medicare for All” program without taking a larger bite out of most Americans’ salaries. Her plan, posted online, is built on transferring to the government 98% of the $8.8 trillion she estimates that employers would spend on private insurance for their employees, per the AP. Remaining costs would be covered by “taxes on big corporations, Wall Street, and the top 1%—and enforcing the tax laws we have now,” she explains. “My Medicare for All plan gives everyone good insurance and cuts their health care costs to nearly zero—without increasing middle-class taxes one penny,” Warren says.

Companies with fewer than 50 employees would be exempted, and Warren said employers already offering health benefits reached under collective bargaining agreements will be allowed to reduce how much they send to federal coffers—provided they pass those savings on to employees. If the program fails to raise $8.8 trillion, Warren says she’d impose a supplemental contribution requirement for big companies “with extremely high executive compensation and stock buyback rates.” A critical question is how she’d slash the cost of her plan well below what experts have said it would take to implement it. Coming up with lower payment rates for hospitals and doctors that avoid disrupting the system would be a big challenge for a Warren administration and for Congress, where her plan could bog down.

Of course the critics are telling all sorts of consequences for her plan….but here is an industry whistleblower to explain it better…..

Now that we’ve seen Senator Elizabeth Warren’s plan to pay for Medicare for All without raising taxes on the middle class, let me tell you what is happening in Washington.

Forbes Tate, the Washington-based PR firm hired by big insurance, drug and hospital companies to create and run a front group called the Partnership for America’s Health Care Future, will already have convened an urgent conference call with its clients to go over Warren’s plan and begin implementing a strategy to attack it. A big part of that strategy will be to reach out to reliable industry allies to do the dirty work.

One of those allies is likely to be the Committee for a Responsible Federal Budget (CRFB), a supposedly nonpartisan organization that issued a widely publicized report on October 28 insisting that, as Axios reported in its analysis of the report, “the middle class would be forced to shoulder some of the burden” of financing Medicare for All.

A health insurance whistleblower reveals how the industry will lie and attack Elizabeth Warren’s Medicare for All plan

Personally, It is time for a true health plan for ever person in this nation regardless of station in the society…..the industry has raped the people longer enough…..time for them to step up and be part of this country.

I Read, I Wrote, You Know

“Lego Ergo Scribo”

Where Oh Where Has The Economy Gone?

If you get the Tweets from the GOP then you will be thumping your chest because Trump has made us mere mortal Americans richer with his lame ass economic policies.

The problem with that LIE is that reality pisses all over it.

Like the BS about how much us mere mortals would benefit from Trump tax cuts……well it is total crap….https://lobotero.com/2019/10/30/closing-thought-30oct19/

I recall when he was in the WH early in his rein he precdicted with his policies the American economy would grow 3. 4 5 % and possibly as much as 6%…..so far that was Bullshit as well….

The summer temps may have been record-setting hot, but the economy experienced some chills. Data out Wednesday via the Commerce Department shows GDP grew at a 1.9% rate from July through September, down from a growth rate of 2% in the second quarter. Why, what it means, and President Trump’s morning thoughts on the economy:

  • The Washington Post frames the slowdown as expected, as business investment was curtailed following the president’s decision to ratchet up the trade war with China at the start of August. Many expected much worse, reports the Hill, with some forecasts as low as a growth rate of 1.3%.
  • The Post notes the 3% drop in business investment in the third quarter is the largest since late 2015: “Still, the sustained pace suggests it is unlikely to dive into a recession anytime soon, unless there is a major shock or the trade war worsens significantly.”
  • Consumer spending makes up 70% of economic activity. It grew at a healthy 2.9% in the third quarter, down from 4.6% the quarter prior.
  • The AP points out Trump has set “3%-plus increases … as a benchmark to demonstrate that his policies are succeeding in lifting the economy above the modest 2.2% growth of the Obama years.” Growth for 2019 is expected to end up around 2.3%. NPR notes we’d need “an economic miracle” to end up at the 3.2% growth rate that appears in Trump’s 2019 budget.
  • Though the GDP report was better than expected, most investors doubt it will do anything to change the mind of the Federal Reserve, which is expected to announce a quarter-point rate cut at 2pm Wednesday, reports CNN. (Update: It did.)
  • About an hour prior to the report’s release, Trump tweeted, “The Greatest Economy in American History!” The Week contrasts that with a tweet Trump wrote in 2012 during Obama’s presidency: “Q1 GDP has just been revised down to 1.9% … The economy is in deep trouble.”
  • So is he right about the greatest part? The Post reports that if the annual pace of roughly 2.9% seen thus far is sustained for the remainder of his term, it would be the fastest term of growth since the Clinton years. But that still wouldn’t make it the greatest, as Clinton and Reagan both experienced growth in excess of 3% a year during their terms.

Yes Irene….the economy is NOT preforming well under the leadership of Trump…..

The ‘Trump economy’ isn’t living up to his promises

AS the election approaches….now is the time to start looking at all the promises that Trump made in 2016……if his leadership has been a sham then maybe it is time to remove this person and install a new liar  to lead the economy.

In a closing note…where have all the fiscal conservs gone?

The Federal deficit has reached $23 trillion……and NO ONE cares!

The federal government’s outstanding public debt has surpassed $23 trillion for the first time in history, according to data from the Treasury Department released on Friday.

Growing budget deficits have added to the nation’s debt at a speedy rate since President Trump took office. The debt has grown some 16 percent since Trump’s inauguration, when it stood at $19.9 trillion. It passed $22 trillion for the first time just 10 months ago.

https://thehill.com/policy/finance/468600-us-debt-surpasses-23-trillion-for-first-time

Where oh where did the deficit hawks go?

Gone to knee pads everyone.

I Read, I Wrote, You Know

“Lego Ergo Scribo”

Professor’s Classroom

A re-blog of a post from 2007.

Oil is in the headlines again so why not a question along that line?

Good luck and have fun…..chuq

In Saner Thought

Since so much is in the news about gas and oil prices, I thought I would expand the knowledge.

When did the modern oil industry begin? By whom? And when and where?

Good luck and you may begin.

Class may I have your attention for a moment? There is a bonus question.

Who said “Play it again, Sam” and where?

Easy, right?

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The Other Whistleblower

There has been a wealth of press given about those whistleblowers that keep coming forward in the impeachment saga..

All that makes for good copy for the MSM…I mean it helps drive the story they want to tell and any thing else will be put into the round file (file 13)……

Like the drama that the media wants to tell about the Assad government using CWs on their own people….and the horror and the desire for retaliation for justice for the Syrian people.

I have written and reported in the past on the different reports that contradict the “official” BS claim by the media and the US government…..and a new whistleblower has come forward that disputes the fantasy of the official line from DC…..

During a recent BBC radio interview, award-winning journalist Jonathan Steele said that he attended a briefing by a new whistleblower from the Organization for the Prohibition of Chemical Weapons (OPCW) investigation into an alleged 2018 chemical attack in Douma, Syria, who claimed that the OPCW suppressed his findings which contradicted the organization’s official conclusion that a chlorine gas attack had taken place. This, according to Steele, is a second whistleblower coming forward on the OPCW’s Douma investigation, the first being the leaker of an Engineering Assessment document which surfaced in May contradicting the OPCW’s official ballistics report which the organization hid from the public.

I have archived an audio recording of Steele’s statement here for posterity, since the BBC removes its content after a month. I have also compiled a timeline of relevant events here so that people can properly appreciate the significance of these new revelations.

Steele made these comments unbidden by the show’s host Paul Henley. They read as follows (thanks to Tim Hayward of the Working Group on Syria, Propaganda and Media for the transcript):

Second Whistleblower Emerges from Investigation into Douma Chemical Attack

Typical US strategy…..use the MSM to sell chicken shit as sirloin to the masses….

I wrote about the possibility that past attacks were staged and not the result of an attack by Syrian military…..https://lobotero.com/2019/05/29/those-chemical-attacks/

AS usual the MSM is the tool of choice for the government to condition the American people to accept the ‘official’ story line.

I Read, I Wrote, You Know

“Lego Ergo Scribo”