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Mulvaney’s CFPB Oversight & Pocahontas’ Panic

November 28, 2017 by Jeff Carlson, CFA

Whenever Democrats work themselves into a lather, a question is always worth asking:

What are they trying to hide?

Case in point, Elizabeth Warren’s frantic rants over President Trump’s appointment of Mick Mulvaney (Director of the Office of Management and Budget) as Acting Director of the Consumer Financial Protection Bureau (CFPB).

The Consumer Financial Protection Bureau (CFPB) has a nice sounding name that hides a darker agenda.Continue Reading

Our Great Mistake – The 17th Amendment

November 26, 2017 by Jeff Carlson, CFA

It is not by the consolidation, or concentration, of powers, but by their distribution, that good government is effected. – Thomas Jefferson

Separation of Power is one of the most fundamental tenets of our great Constitution.

When power is consolidated in the hands of the few, the needs of the many are ignored. Our Founding Fathers recognized this great trap and sought to put in place lasting safeguards against the natural tendency of national government to gain undue political power.

Safeguards that sought the preservation of individual and state rights against the natural process of power consolidation at the federal level.

Diffusion of power is good.Continue Reading

A Constitutional Republic

November 24, 2017 by Jeff Carlson, CFA

There is never a democracy that did not commit suicide. – John Adams

The United States shall guarantee to every State in this Union a Republican Form of Government. – U.S. Constitution, Article IV, Section 4

Our Founding Fathers were acutely aware of the dangers inherent in a Pure Democracy.

Thankfully for us, they found an appropriate solution.

A Democracy is Rule by the Majority – this is the singular defining feature. Stated another way it is Majority over Man.

In a Democracy, “We the People” are viewed as a group. The purpose of a Democratic Constitution is to empower the majority of the people to rule.

At it’s core, a Democracy is a Dictatorship by the Majority.Continue Reading

Negative Rights, Healthcare & Dream Homes

November 19, 2017 by Jeff Carlson, CFA

The Constitution is a charter of negative rather than positive liberties – Judge Richard Posner

One of my favorite childhood sayings comes to me from my father:

Liberalism is like baby fat. It melts away as you grow older.

Sadly, I don’t find that statement to be as true as it once was. Shifting demographics play a part. Our failing schools are deserving of greater blame.

Most adults fail to understand that our Constitution is a Charter of Negative Rights – and the crucial role Negative Rights play in our lives.Continue Reading

Obama’s DOJ Slush Fund Deception

October 28, 2017 by Jeff Carlson, CFA

Back in March, I wrote about the Department of Justice’s Slush Fund.

The Working Group was created within the Justice Department by Eric Holder in 2012 as a means of prosecution and punishment for those perceived to be responsible for the financial crisis of 2008.

At its formation Mr. Holder made the following statement:

Over the past three years, we have been aggressively investigating the causes of the financial crisis.  And we have learned that much of the conduct that led to the crisis was unethical, and, in many instances, extremely reckless.  We also have learned that behavior that is unethical or reckless may not necessarily be criminal.  When we find evidence of criminal wrongdoing, we bring criminal prosecutions.  When we don’t, we endeavor to use other tools available to us.Continue Reading

Climate Scientists Admit the Models Are Wrong

October 12, 2017 by Jeff Carlson, CFA

A new study was published in the journal Nature Geoscience. It has been causing a bit of a stir – along with some real consternation – amongst the Climate Change crowd.

All the more so since the study was done by a group of well-known scientists who are not Global Warming Skeptics. Indeed, they have all been firmly entrenched within the Anthropogenic (man-made) Global Warming camp.

These are the actual scientists who have been responsible for determining and producing the United Nations’ Intergovernmental Panel on Climate Change (IPCC)’s Carbon Budget.

And they are finally admitting they were wrong…Continue Reading

President Trump’s Sweeping Immigration Reform

October 9, 2017 by Jeff Carlson, CFA

On Sunday, President Trump sent a letter to Congress detailing his Immigration Principles and Policies.

For any who were concerned that President Trump might have aligned himself with Schumer, Pelosi and the Democrats on Immigration, that fear should be completely removed.

I had earlier said as much in DACA Hysteria & Trump’s Negotiating Leverage.

Now you no longer need to believe me. You can see for yourself.

The Principles are quite detailed and should satisfy most Immigration Hawks.Continue Reading

Tragedy, Politics & Gun Control

October 3, 2017 by Jeff Carlson, CFA

You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before – Rahm Emanuel

It only took a matter of hours – after the worse mass shooting in our nation’s history – for the Left’s politicization of the tragedy to begin. Hysterical clamoring for Gun Control coupled with blame for the NRA was sadly predictable – and seemed to take precedent over the horrors of the actual event. Outrage over the issue of silencers was a bit more unusual – but politically timely due to a bill before Congress.Continue Reading

President Trump’s Corporate Tax Proposal

September 29, 2017 by Jeff Carlson, CFA

The United States’ 39% marginal corporate tax rate (35% federal and 4% average state and local) is the third highest in the world. It is the highest of the 34 industrialized nation members of the OECD – and it compares poorly with Europe’s average tax rate of 24%.

Because of loopholes, deductions, loss carry-forwards, etc., few, if any, companies pay the full 39% rate. Nevertheless, our statutory rate is higher than almost anywhere in the world.

President Trump has proposed lowering the Corporate Tax Rate from 35% to 20%. That’s a good idea – but it doesn’t go far enough. The Corporate Tax Rate should really be lowered to zero.

If this sounds a bit off, stay with me – I promise it will make more sense.Continue Reading

Disrespect for a Nation – The NFL’s Epic Fail

September 25, 2017 by Jeff Carlson, CFA

The NFL has experienced a number of particularly bad – and self-inflicted – years when it comes to Public Relations.

This time, the NFL, Commissioner Goodell and Company have outdone themselves.

Sunday was a fiasco.

President Trump brought an issue that’s been irking many a NFL fan to a head with remarks during a speech followed by these tweets: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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