It's the Spending Stupid!!!!!
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"It seems those running the lives of others need reminding that debt is the current consumption of future earnings.
They see no harm in buying the votes of current voters with future obligations on those too young to object or vote.
In that vein, I note Obama, behind closed doors on a Friday afternoon, with no cameras or 'transparency', signed an increase in the
R.E. McMaster is a trader who writes a daily newsletter for other traders.
My strongly held opinion is that he spends his entire day mostly scrounging for news that a trader might find useful.
I recommend McMaster Online to anyone looking for news happening "under the radar".
I also caught the heads up on Citi below from McMaster's catch on it by John Carney at Business Insider.
The following notice has been going out to Citibank customers with their monthly statements.
While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.’
OK, here's the Bradley Model for the years 2008-10 from Manfred Zimmel.
All of the Bradley Model charts link to his site aminita.at.
I don't as of yet have much experience with aminita.at.
They aren't cheap.
So far it's been an emotional back and forth.
I downloaded their 2009 report after it went free. It was pretty right on.
As was my friend Richard Nolle at astropro.com
The second chart is that of the S&P 500 for 2008.
You will notice that the 2008 Bradley chart catches both the June turning point and the September dive of all things financial.
The 2009 hit pretty close the February turning point, then caught the turn, but flat out missed the accelerating upward drive from July through the end of the year.
Which brings me to the caveat in bright red ink stamped right there on the chart.
The Bradley predicts turning points ONLY and not the polarity, i.e. a high in the chart may also be a low, and vice versa.
I don't like that. C'mon, grow a pair!!!
I do the same thing for each chart, on one I get a frame, the other no. Makes me nutsl!!!
The reason I bring all this up?
Another test for "The Bradley" occurs March 1, 2010 through August 10, 2010
Now you're warned.
As for me, I'm gonna enjoy life over here on the sidelines.
OK, OK I'll admit it.
I'm short a little.
The Bradley Model is a chart constructed on a set of astrological parameters defined by Donald A. Bradley in his famed 1948 book, Stock Market Prediction (The Planetary Barometer and How to Use it).
The foreward, by Llewellyn George begins as follows:
"Although this text is not primarily intended to be a stock market forecaster, yet by judicious operators it is quite likely to become their most valued treasure for anticipating trends and changes which are due to mass mind activity.
It tells how to properly chart that psychological activity in compliance with well known planetary forces."
OK, now I understand fully that your first inclination here will be to laugh like hell, and go to chaneling Festus, who once famously said to the apostle Paul, "You are beside yourself! Much learning is driving you mad!"
Especially those of you who insist on picking up the telephone in order to offer a personal harangue over any mostly innocent notion I may have that doesn't correspond perfectly with your own personal world view.
YOU KNOW WHO YOU ARE !!!
Before you go there however, consider this.
If you're a Christian, and I know for a fact that a mess of you are.
On the fourth day, God himself said, and I'm quoting here,
"Let there be lights in the firmament of the heavens to divide the day from the night; and let them be for signs and seasons, and for days and years."
The word Lunacy is derived from the same root as the word Lunar, Luna the Roman moon goddess. This relationship extends to other languages, most notably Welsh where these two words are lloer and lloerig.
Regardless of you spiritual inclination, anecdotal evidence persists regarding police department and emergency rooms ramping up during full moons, although there is almost no scientific or statistical evidence of any correlation between the full moon and increased crime, emergency room visits, births or anything else.
Almost without exception, every study that has been able to demonstrate any correlation between the full moon and any studied event has been subsequently debunked. What's most interesting here is that the debunkers almost universally believe in "Global Warming" (Just Kidding)
The Chart below is that for the "Bradley Model" calculated from about 1840 through about 2040.
It is simply charting the sum (positive or negative, zero is down the middle) of a set of mathematical values Bradley attached to the angles of relationship between the Sun, the Moon, and the planets that make up our solar system.
Planets in relationship of or near 0, 60, 90, 120 and 180 degrees were considered and a value (again positive or negative) was assigned each.
The positive or negative values were assigned on the basis of the historic consensus having to do with the benefic, or malefic qualities of each planet within each angular relationship between the planets.
Don't worry about it. Here's all you gotta know.
Just look at the chart, up is good, down is bad.
It catches the "The Panic of 1873", which began "The Long Depression" which according to the National Bureau of Economic Research lasted until March 1979, a total of 65 months and longer by nearly a year and a half than "The Great Depression"
Take note of the extremely low, low point that so nicely corresponds with the "Crash of 29" stock market descent that extended from 9/3/29 until about 7/32, and the mostly continuous lows during "The Great Depression".
It catches "The Panic of 1910", the "Black Monday" crash of October 19, 1987.
And, how bout that big fat high point sitting over the middle to late 1990's.
Now, let's consider the summer of 2010.
DANGER WILL ROBINSON, DANGER!!!
(The above was a time continuum joke)
Your Uncle Roany is in Cash (Mostly Canadian) and Gold!!!
I'm just sayin.
…"Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply.
But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.
By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.
We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation."
"But paper money has always been a con game based on belief.
Neither the emperors of Rome, the Kings of France and England, or the chairmen of the Federal Reserve have been able to resist debasing the currency.
It makes both warfare and welfare possible.
Guns and butter are the health of the state and the death of sound money.
The counterfeiters always get first use of the bogus money before its purchasing power is diminished by the increased supply.
This is a pretty dodgy way to run a world economy.
But the assumption – encouraged by the powers that be – is that the an economy can be controlled with the right tweaks to the right dials by the right people wearing the right suits in the right government offices with the right university degrees".
The following are just some of the items within the President's proposed 2011 budget:
Provides a $3 billion increase in K-12 education programs, plus up to $1 billion in additional
funding if Congress successfully completes a fundamental overhaul of the Elementary and
Secondary Education Act (ESEA). Together, these measures would represent the largest
funding increase for ESEA programs ever requested.
Provides $1.35 billion to expand Race to the Top for school districts as well as States to carry
out systemic reform, and $500 million to continue the Investing in Innovation program to test,
validate, and scales up effective approaches to student learning.
Increases the number, and improves the distribution of, effective teachers and principals,
by investing $950 million in competitive grants to States and school districts that build
comprehensive systems to recruit, prepare, retain, and reward effective teachers and
Provides $429 million, the highest funding level ever, for competitive grants through the
Agriculture and Food Research Initiative.
Provides $50 million for a new “Healthy Food Financing Initiative” to bring grocery stores and
other healthy food retailers to underserved communities.
Provides $7.4 billion for the National Science Foundation, an 8 percent increase over the
2010 enacted level, as part of the President’s Plan for Science and Innovation.
Drives the creation of the industries and jobs of the future by doubling funding for
multidisciplinary research targeted at next-generation information and biological technologies.
Provides $19 million in graduate and undergraduate fellowships and scholarships for a joint
initiative with the Department of Energy to inspire tens of thousands of American students to
pursue careers in science, engineering, and entrepreneurship related to clean energy.
Creates a new $766 million, cross-agency sustainability research effort focused on renewable
energy technologies and complex environmental- and climate-system processes.
Increases funding by 14 percent for a new consolidated program aimed at building the
science and technology workforce by recruiting and retaining undergraduate students from
Adds $6 billion to NASA’s budget over five years and draws upon American ingenuity to
enable us to embark on an ambitious 21st Century program of human space exploration.
Provides $3.3 billion total for the Clean Water and Drinking Water State Revolving Funds.
This will allow States and Tribes to initiate approximately 800 clean water and 500 drinking
water projects nationally, continuing a major Federal commitment to water infrastructure
Provides new funding to support the Administration’s commitment to mitigate climate change.
Provides grants for States and Tribes to administer delegated environmental programs at $1.3
billion, the highest level ever.
Builds on the historic past increase in funding for the Department of Veterans Affairs (VA), for
a 20 percent total increase since 2009.
Invests over $8 billion in the Internal Revenue Service’s enforcement and modernization
programs, while continuing to drive innovation and responsiveness in taxpayer services. The
Budget supports significant new revenue-generating initiatives that will target critical areas of
non-compliance, and enhances a multi-year modernization strategy that will deliver a vastly
improved IRS within the next five years.
Provides $4 billion for a new National Infrastructure Innovation and Finance Fund, which will
invest in high-value projects of regional or national significance.
Establishes a new $30 million Federal transit safety program to address critical needs.
Invests in modernizing the air traffic control system by increasing funding for NextGen by
more than 30 percent.
Helps communities to become more livable and sustainable by allocating $527 million for the
Department’s investments as part of the President’s multi-agency Partnership for Sustainable
Sustains large-scale, multi-year support for high-speed rail, with $1 billion to fund promising
and transformative projects.
Increases funding for the President’s Global Health Initiative, including increased efforts to
reduce mortality of mothers and children under five, avoid unintended pregnancies, and work
towards the elimination of some neglected tropical diseases. As part of this effort, the Budget
also expands support for the President’s Emergency Plan for AIDS Relief to prevent new HIV
infections while providing care and treatment to millions of people, and for the President’s
Malaria Initiative to dramatically reduce the prevalence of this disease.
Increases funding for the President’s Global Hunger and Food Security Initiative to help poor
countries improve the nutritional and income status of millions of people living in extreme
poverty and suffering from hunger by 2015.
Increases aid to Afghanistan and Pakistan to revitalize economic development and confront
the resurgence of the Taliban.
Stays on track to fully fund Land and Water Conservation Fund programs by 2014 by
providing nearly $620 million to acquire new lands for national parks, forests and refuges,
protect endangered species habitat, and promote outdoor recreation.
There is no nice way to say it.