Friday, June 27, 2014
QUINN ON EMANUEL’S PHONE TAX, U.S. INVOLVEMENT IN SYRIA AND IRAQ, EXPORTING CRUDE OIL, AND TRADING BASICS
Summer is finally getting to be some fun, and writing these screeds is a major element of said fun. This week, I feature posts on basic trading and economics,
and Syria (of
course)…and a masterpiece, if I can say so myself, on the phone tax increase
that illuminates much of Rahm Emanuel’s thinking.
You think the property tax can be regressive? Try this phone tax. Do you think Rahm Emanuel gives a rat’s hindquarters? He’s just serving his natural constituency.
MORE ENLIGHTENED THINKING FROM
WASHINGTON: LET’S FIGHT IN BOTH IRAQ
There is no limit to the world’s battlefields and potential battlefields, which
sees as more opportunities to keep the “defense” contractors happy…and writing
ALL CRUDE OIL
AT HOME? “LAST NIGHT I HAD A WONDERFUL
I suppose we’d all like to be swimming in cheap domestic crude, but the world doesn’t work that way. It looks like somebody in
understand this, but it’s not who you’d think.
BAD ECONOMIC NEWS = A HEALTHY STOCK MARKET? BUT OF COURSE!
Pretty basic stuff for many of my readers, not so basic for others. However, in trading and investing, as in so many other fields of human endeavor, ignoring the basics is the source of much misery. One of those basic points is that you don’t have to like a particular policy or approach to act on, and profit from, that policy or approach. Ideology and investing, and certainly trading, don’t mix.
Have a great weekend, everybody. While I don’t pretend to understand this World Cup stuff (For example, why is losing such a good thing?), it’s sort of fun.
For more on
politics, see my books:
The Chairman’s Challenge: