Spygate Against the Democrats

Spygate against the Democrats is going to have a lot more consequences than the hair-brained Russian collusion slur.  It’s all going to come out during the election year, and heads will roll this time.

Strikingly similar to Nixon and Watergate — one party spying on the other, but in this case actually using government agencies to do it.  Not covert like Nixon, but overt by the  Clintons.

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Bond Vigilantes

They used to have something called the “bond vigilantes” keeping the bond market honest and correctly priced.  There weren’t any actual people acting as vigilantes per se, but it was the general tendency of the bond market to adjust for either risk or inflation by demanding a higher rate of interest at a lower price.

The bond vigilantes have been basically asleep now for the last 10 years.  We even have negative interest rates with a great number of bonds issued by governments.  Central banks have taken over this market as a way to inject cheap money into their economies, so that the government debt market is highly artificial with central banks the one big buyer.  Think of that — you actually end up losing money by buying these government bonds and the bonds are sold at a very high price to boot, which is all due to the manipulation by central banks.

I think when the bond vigilantes finally wake up from their long slumber is when this current bull market implodes.  It will happen first in the bond market — you can easily make the case that the bond market today is even a bigger bubble than the bubbly stock market.  With interest rates rocketing higher, you would have huge losses in the bond market because the bond prices would be collapsing sharply — perhaps 50% losses in a short amount of time.  This magnitude of loss would have a ripple effect into the stock market, which would then have panic selling as well.  That’s when the whole house of cards comes crashing down.  Who knows how low both the bond market and the stock market would go?

Just wait for the bond vigilantes to wake up from their 10-year sleep.  Best to be out of both the bond market and the stock market when that happens — or invest in a very good parachute.

If interest rates really start to rocket higher, that would be a good time to short the stock market, in my opinion.  But it is very hard to time these things.  If you are short too early, you will be punished.

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The Democrats and Their Ship of Fools

Wow, when you look through all these Democrat candidates for president, you find quite a handful of pure lunatics.  Of course the message is always free everything and who knows how we would actually pay for it all.

But the two candidates among them that I find kind of interesting are Tulsi Gabbard and Seth Moulton.  They both seem to have a mind of their own — versus just spouting a lot of doctrinaire left-wing ideology by rote — and they both seem to have a modicum of practicality in their positions, which is a rarity in the pie-in-the-sky Democratic Party.

In the debates, Tulsi Gabbard brought up legitimate issues concerning American foreign policy, while all the other candidates were pretty much mum about international affairs (like it doesn’t really matter, does it?).  And Seth Moulton stuck a pin in all the socialism baloney, pressing the need for taking the Democratic Party in a new but more practical direction.

But for most of these candidates, with so little grasp of reality, I would be afraid to let them manage a house party, let alone run the entire country — what a frightening thought!

Trump is going to cut through their malarkey like a hot knife through butter.

Democratic Candidates

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