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A Fool and His Legacy are Soon Parted

November 11, 2016 by Jeff Carlson, CFA

There are two views of President Obama.

He is one of the greatest Presidents in modern history.

He is the worst President in modern history.

 

Here’s my view on Obama:

Thinks lectures are a “good time”.

Gets paid by the word.Continue Reading

The Death of Discourse or Why Liberals Lost

November 11, 2016 by Jeff Carlson, CFA

 

Have you tried holding a calm, rational discussion with your democratic friends over why you supported Trump?

Impossible.

Have you tried to hold a calm, rational discussion with those same friends over why you opposed Hillary?

Easy.

And somehow, the Democrat Party managed to ignore that simple fact. Lots of voters could not stand Trump. But they would refuse to defend Hillary.

And that’s part of the reason why liberals lost. But it’s not the entire reason.Continue Reading

Reversal of Fortune

November 10, 2016 by Jeff Carlson, CFA

It’s hard to know where to start.

How to put things in perspective? So very much has changed in such a short space of time. Even when it was so very long in coming.

The financial markets have responded to Trump’s election with a thunderous roar of approval. The equity markets have been on fire  – the Dow Jones is up 5% for the week and closed at a new high. Bonds got rocked with the yield rising to 2.12% on the 10-year Treasury in anticipation of future economic growth and inflation (bear in mind the Fed’s target rate for inflation is 2% – some inflation is healthy). Investors are cheering the prospects of actual economic growth – along with an end to the perpetual Federal Reserve quantitative easing – that comes with tax cuts, a fiscal stimulus plan and…regulatory rollback. There is the very real possibility that we will get a repeal of the truly awful Dodd-Frank Act.Continue Reading

Things I learned from the Election

November 9, 2016 by Jeff Carlson, CFA

Pollsters are overpaid

Liberals are not that tolerant after all

Most democrats get their rebuttal points straight from CNN

CNN gets its rebuttal points straight from the DNC

You can learn a lot from emailsContinue Reading

President Trump (and The Power of the Uncool)

November 9, 2016 by Jeff Carlson, CFA

The uncultured billionaire won the support of the uncultured voter. And became the President of the United States as a result.

Or as Greg Gutfeld said, “The uncool kids just told the cool kids to suck it”.

Think about it this way. This country has millions of folks who get up every day, go to their jobs, coach their kids’ little league teams, have dinner around the living room table – and then sit down in front of the television and find out they are mocked for the very values that guide their daily life.

Since when did it become the norm to look down on folks who work hard, raise their kids and love their family and country? My guess is the nineties…Continue Reading

Donald’s Uncertainty Trumps an Amoral Leadership

November 7, 2016 by Jeff Carlson, CFA

A great leader is one who surrounds himself with great people.

A leader is rarely an expert himself. He relies on specialists below him for policy-specific knowledge and recommendations. A leader looks at the combined whole – the larger view. A leader makes the final decisions. Most importantly, a leader provides guidance to those serving beneath him. A leader sets the moral tone.

There seem to be two generalized views of our presidential candidates.Continue Reading

Divided We Stand

November 6, 2016 by Jeff Carlson, CFA

What do we, as a nation, become on Wednesday?

Do we stand together, united as one, under our newly elected president or do we remain apart – distanced by our ideological beliefs?

There are many who are concerned over the rift exposed throughout our nation during this election cycle. At the polarization that has occurred. At the emotions evoked and stirred.

I am not one of those.  I am unconcerned over the rift – although I am concerned over the reasons for the rift. And I reject calls to simply fall behind any elected leader.Continue Reading

Embracing Gridlock

November 5, 2016 by Jeff Carlson, CFA

Gridlock:

A traffic jam affecting a whole network of intersecting streets.

A situation when there is difficulty passing laws that satisfy the needs of the people.

When the ratio between bills passed and the agenda of the legislature decreases.Continue Reading

Quietly Enthusiastic

November 4, 2016 by Jeff Carlson, CFA

Are you an enthusiastic voter?

No?

Maybe it’s worth thinking a bit more on that simple question.

The common refrain is “I’m not enthusiastic about either candidate”, but is that really true?

Or is it actually a reflexive defense mechanism?Continue Reading

No News is Bad News

November 4, 2016 by Jeff Carlson, CFA

Try a quick exercise. Go visit CNN. Scroll through the front page – the one that’s advertised as Breaking News and Latest News. Look at the main stories, check out all the stories pinned on the sidebars. See if you find anything – and I mean anything – that looks remotely negative regarding Hillary Clinton.

Now click on the Politics tab. That’s probably where they keep the real stories right? Hmmm. I see a story on why North Carolina is so important. I see a story about three Australians who crossed an ocean to knock on doors for Clinton. But I see nothing – and I mean nothing – regarding Hillary’s email issues, the Clinton Foundation or the FBI investigation of either issue.Continue Reading

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Jeff Carlson is a CFA® charterholder.

He worked for 20 years as an analyst and portfolio manager in the High Yield Bond Market. He holds degrees in finance and economics.

He can be found on X (Twitter) at @themarketswork or on Substack at Truth Over News

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