Gold prices closed on Obama's inauguration day at $857.25 per ounce. Exactly 12 months later on January 20th, 2010, gold had risen to $1,111.05/oz for a gain of nearly 30% in the first year after Obama’s inauguration.
If Donald J. Trump decides as president to throw a whistle-blower in jail for trying to talk to a reporter, or gets the F.B.I. to spy on a journalist, he will have one man to thank for bequeathing him such expansive power: Barack Obama.
As his time in the White House draws to a close, Obama launched a tweet storm highlighting the "remarkable progress" his administration made on everything from job creation to healthcare to oil imports. Unfortunately, our data paints a slightly different picture.
The Washington Post has been exposed again as nothing more than a liberal propaganda machine after admitting that their own story about the alleged "Russian hacking" of a Vermont utility was a total fraud: "Editor’s Note: An earlier version of this story incorrectly said that Russian hackers had penetrated the U.S. electric grid."
"My God, the ghost of Izzy Stone is back from the 1950s! For that matter, so is Tom Clancy from the ’80s. False thrillers will now be written about the Russians hacking the American elections. Money and TV serials will be made. I’ve never read such hysterical junk (call it what it is -- “fake news”) in the New York Times, in which the editorials have become outrageous diatribes..."
As promised (or threatened), in retaliation for "Russian hacking" of the US elections, so far without providing a shred of evidence, the Obama administration announced the US will kick out 35 Russian diplomats and shutter 2 Russian compounds in the US. When announcing the steps, Obama said "all Americans should be alarmed by Russia's actions."
After coming under attack, the alternative media successfully appropriated and reassigned the now ubiquitous term “fake news” to a variety of disingenuous mainstream media outlets. The corporate media is not too happy about this, and it’s doing what it does best (aside from cheerleading for war); it’s whining about it to its readers.
"You look at the destruction of the Democratic Party under Barack Obama’s leadership and you have to wonder, what was the political -- what were the electoral benefits that he gave to the party? The states are decimated, they lost control of the House and Senate, the governorships are decimated."
If you think you’re hearing a wee bit of a mixed message emanating from households and businesses, you’re not losing your marbles. If the stars don’t align perfectly, if the sequel doesn’t best the original, smaller investors might want to wise up to the fact that they’re being hustled by the equivalent of professional gamblers.
The core thread of next year's relatively downbeat "surprises" from Seabreeze Partners' Doug Kass is that the crowd is wearing Trump-colored glasses and that the single-biggest surprise is how quickly the bloom comes off the Trump flower.