Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Thursday, May 14, 2026

Trump's China Trip Scoring Big Time Wins!

From Benny Johnson on X:

Trump is winning BIG today… China trip is going better than anyone could have imagined. China helping bring Iran War to an end. Buying American oil. Massive trade deals. Stocks roaring. Chinese Army Band even played YMCA Expect TDS doomers to have a psychotic breakdown

Monday, February 9, 2026

The Evidence: America Winning On Every Front!

Under President Donald J. Trump’s leadership, this Administration is smashing through the chaos and destruction left by Democrats and unleashing the most aggressive pursuit of the America First agenda in history. While the Fake News and Radical Left collude to distract, depress, and divide, they’re simply lying to mask the undeniable truth: America is safer, stronger, richer, and more secure than at any point in decades.
 
Don’t take the bait. New victories pour in daily as President Trump delivers on his promises and rebuilds the foundation for long-term success in the greatest nation on Earth.
 
Here are a few things to celebrate from just the past few days:

Stock Market Explodes and Retirement Accounts Soar


The Dow Jones Industrial Average just shattered 50,000 for the first time ever. With the S&P 500 and Nasdaq also smashing records, Americans’ 401(k)s and retirement savings are booming under President Trump’s pro-growth policies, proving that the economy is roaring back stronger than ever.

ICE Hammers Criminal Illegals


In just the past week, ICE arrested 650 illegals in West Virginia — including a convicted child sex abuser, drug pushers, burglars, and fraudsters. Nationwide, ICE continues removing convicted murderers, terrorists, drug traffickers, sex offenders, child abusers, domestic abusers, money launderers, and scores of other dangerous criminal illegals. In Minnesota, Operation Metro Surge has already taken over 4,000 criminal illegals off the streets — and it’s not stopping.

Ending the Barbaric Mutilation of Kids


Minnesota’s largest children’s hospital just halted prescriptions of puberty blockers and cross-sex hormones for minors, joining a growing list of institutions finally backing down amid the Trump Administration’s relentless pressure. The American Society of Plastic Surgeons came out in opposition to gender mutilation surgeries for children — becoming the first major medical group to do so.

Court Victory Locks in Tough Immigration Enforcement


A federal appeals court just upheld the Trump Administration’s policy of detaining illegal aliens — validating the strong measures that have driven illegal crossings to historic lows and sent a crystal-clear message: Under President Trump, if you enter illegally, you will be detained and removed.

Crime Drops to New Record Lows


After record high crime across the country under Biden’s defund the police era, the murder rate has plunged to a 125-year low as crime falls across the board, according to new data. After the Trump Administration surged federal resources into crime-plagued Washington, D.C., the District went three weeks into the new year before recording its first homicide — the first time the nation’s capital had gone more than ten days into a new year without a murder in at least three decades.

Everyday Costs Continue Moderating


National median rents have fallen to a four-year low following six consecutive monthly declines, while mortgage affordability has surged to a four-year high following President Trump’s bold action to make homeownership affordable again. PepsiCo announced price cuts of up to 15% on core brands. And President Trump launched TrumpRx.gov, a transformative new government platform that gives Americans direct access to dramatically lower prices on common, high-cost prescription drugs. There’s a reason consumer sentiment has spiked to a six-month high.

Border Remains Sealed Up


For an unprecedented ninth straight month, there were ZERO illegal border crossings at the southern border — an achievement unparalleled in modern history.
These wins aren’t happening by accident — they come after President Trump lodged the most productive first year of a presidential term in modern history — and aren’t happening by accident. President Trump promised to Make America Great Again, and he’s delivering bigger, faster, and harder than ever before.
 
The momentum is unstoppable. Don’t be a Panican; America is winning again — and more victories are coming.

Thursday, February 5, 2026

From Pentagon Papers To Epstein: A Sordid Slide!

In 1971 (55 years ago!) when the Pentagon Papers—also known as the Ellsberg files—were leaked to the American public, the nation experienced a shock that was intellectual, moral, and civic all at once. 

The documents exposed years of deception by successive administrations about the Vietnam War, revealing how leaders knowingly misled Congress and the public while thousands of Americans died and millions of Vietnamese suffered. The fascination with the Pentagon Papers was intense, but it was also serious. Americans argued about executive power, national security, the role of the press, and the ethical obligations of government in a democracy. It was a scandal rooted in policy, war, and truth.

More than half a century later, the public fixation surrounding the gradual release of materials connected to Jeffrey Epstein feels profoundly different. To begin with, what we're learning is not particularly shocking, in part because nothing seems to shock anymore. 

Also, the Epstein files—names, flight logs, testimonies, settlements—do not revolve around war, strategy, or constitutional authority. Instead, they're all about sex, exploitation, and alleged pedophilia among wealthy and powerful figures. The fascination is perhaps just as intense as it was in 1971, maybe even more so, but it is qualitatively different. Where the Pentagon Papers forced Americans to reckon with the moral costs of empire and governance, the Epstein saga draws attention to a moral rot of a more lurid, personal, and salacious kind.

The contrast suggests not merely a change in subject matter, but a shift in societal priorities and sensibilities. In 1971, ordinary Americans—factory workers, students, homemakers—followed dense newspaper articles about foreign policy and classified memos. The language was complex, the issues abstract, and the stakes enormous. 

The outrage was not prurient; it was civic. People asked whether their government could be trusted; whether a questionable war in the first place was nothing more than an incestuous web of secrecy and lies. This was not a golden age -- America was riven by violence, protest, and division (sound familiar?) -- but it was a time when national attention was focused on matters of genuine public consequence.

Today, by contrast, our collective obsession often seems rooted in exposure rather than accountability. The Epstein files fascinate because they promise to reveal who did what to whom, behind closed doors, on private planes and islands. The focus is less on systemic reform than on voyeuristic revelation. Names matter not because they illuminate policy failures, but because they titillate and scandalize. The question is no longer “How did our leaders mislead us into war?” but “Who was involved, and how depraved was it?” It's patently prurient.

This shift reflects a broader cultural trajectory—what sociologist and Senator Daniel Patrick Moynihan once called “defining deviancy down.” Over time, behaviors that would once have provoked shock or moral consensus become normalized, relativized, or absorbed into entertainment. 

This should surprise no one, when you consider that pornography has moved from the margins to the mainstream. Ever since Bill Clinton declared "I did not have sex with that woman," sexual scandal is no longer exceptional; it is expected. The boundary between news and tabloid has eroded, leaving a culture in which exposure substitutes for judgment and outrage is endlessly recycled, like a seedy salad of click bait, but rarely productive, 

To be sure, this does not mean the Epstein case is unimportant. Sexual exploitation, especially of minors, is a grave crime, and the possibility that powerful individuals evaded justice is deeply troubling. But the way the story is consumed—fragmented, sensationalized, and stripped of broader ethical reflection—reveals something unsettling about us. The danger is not that we care about wrongdoing, but that we care in a way that trivializes wrongdoing and flattens all of it into just so much spectacle.

In 1971, we honestly believed that the release of classified documents strengthened the idea that citizens must be informed to be free. That was, after all, a vital part of the the modus operandi for the leak of the Pentagon Papers by Daniel Ellsberg. Today, the constant drip of scandal risks dulling our moral senses. We know more intimate details about the lives of elites than ever before, yet still seem eons removed from the indulgent world they inhabit. At the same time. we're less capable of sustained attention to structural injustice, foreign policy failures, or long-term national decline. The serious competes with the sordid—and often loses.

What happened to us? Part of the answer lies in media economics, part in technological change, and part in a cultural turn inward. Have we become a society more comfortable judging personal sin than confronting collective responsibility? Is that the problem? Or is it the elites and our public institutions that have let us down by opening the doors to a culture without moral guardrails where excess is rampant and graft, corruption, deceit and promiscuity know no bounds, ushering in a new Babylonian age?

The trajectory from the Pentagon Papers to the Epstein files is troubling because this is not just a change in scandal; it is a mirror held up to our values. Once, we were transfixed by lies that sent young men to die. Now, we are mesmerized by secrets that confirm our worst suspicions about human weakness and our decline. The slide may indeed feel slow and sordid—but it is also revealing. It tells us not only what our leaders have done, but more than that. It tells us what we, as a society have become numb to (even as we gaze upon it) and what we are willing to accept, if not countenance.

Monday, January 5, 2026

Stock Market Record High Under Trump!

Sunday, November 2, 2025

And Now, Sherrill's Erroneous Zones Revealed!

Friday, October 17, 2025

Italian American Heritage Month: Marian U. Pardo

Marian U. Pardo is an accomplished investment executive whose career in finance spans more than five decades, marked by her leadership, expertise in portfolio management, and trailblazing presence in an industry traditionally dominated by men. She has long been a member and leader of the Columbus Citizens Foundation, championing the cause of Italian Americans. 

Pardo began her career in 1968, entering the financial services world at a time when few women held senior roles on Wall Street. Her sharp analytical mind and disciplined approach to investing quickly distinguished her. In 1980, she joined J.P. Morgan, one of the world’s leading financial institutions, where she initially worked as a research analyst. Over the years, she advanced through a variety of positions managing large-cap and convertible equity portfolios, as well as institutional accounts for a diverse clientele.

Her leadership came to full prominence when she became Managing Director and Head of the Small-Cap Equity Group at J.P. Morgan Investment Management. In that role, she oversaw billions of dollars in assets, developing strategies that combined rigorous fundamental research with long-term value discipline. Pardo earned a reputation for her steady hand, meticulous risk management, and ability to identify promising growth opportunities in the small-cap sector—a space often marked by volatility.

Beyond her portfolio management work, Pardo has played a vital role in corporate governance and financial oversight. She has served on the boards of mutual funds and chaired compliance and audit committees for J.P. Morgan’s investment funds, ensuring ethical practices and accountability within complex financial operations.

Respected for her professionalism, mentorship, and deep understanding of markets, Marian Pardo stands as an exemplar of integrity and leadership in American finance—an investor who built her career on both intellect and principle, and who helped open doors for women in investment management.

Thursday, October 2, 2025

The Facts Are Hard To Run Away From!

Wednesday, August 20, 2025

Wednesday, July 30, 2025

Just Another Reason To Love Josh Hawley . . .

Trump Economy SURGES: GDP Defies Expectations!

With U.S. economic growth surging in the second quarter, President Donald J. Trump has proven the so-called “experts” wrong once again as he presides over tame inflation, blue-collar wage growth, explosive job creation, and a “Made in America” boom.

Here’s what they’re saying about today’s GDP report:

Economist E.J. Antoni: “This GDP report, I mean, really, is an absolute blockbuster. It completely defies expectation. It is not only a good headline number, it has good internals, as well.”
 
Economist Steve Moore: “This is an amazing number … We’re seeing lots of jobs. We’re seeing tame inflation. It is really a beautiful picture ... It’s hard to see anything to complain about. I’m sure Democrats will find something they don’t like.”
 
Bullseye Brief author Adam Johnson: “The GDP Price Index was only 2% and the expectation was 2.2%. In other words, we have an economy growing at 3%; we have inflation at 2%. That’s the best of both words, so I’m very positive on that report.”
 
Job Creators Network CEO Alfredo Ortiz: “The U.S. economy grew by an annualized 3% in the second quarter of the year—yet another data point that supports an interest rate cut by the Fed. Trump’s three-legged stool is working: balancing trade, cutting taxes, and slashing regulations are creating an economic boom.”
 
Navy Federal Credit Union Chief Economist Heather Long: “The word of the summer for the economy is ‘resilient.’”
 
CNN’s Wolf Blitzer: “Welcome news for the U.S. economy.”
 
CNN’s Matt Egan: “GDP, the broadest measure of the U.S. economy, it did rebound in the second quarter. Three percent — that is a solid number and it also beat expectations.”
 
Benzinga’s Piero Cingari: “The U.S. economy roared back robustly in the second quarter, with gross domestic product rebounding well above expectations—offering President Donald Trump a timely economic victory to celebrate.”
 
CNBC’s Joe Kernen: “This three percent, with the market at new highs and, really, we haven’t seen inflation go up ... none of these ‘horrible things’ have happened.”
 
CNBC’s Rick Santelli: “There’s no doubt that this is some success. We’re seeing more horsepower. We’re seeing better equities. Inflation? Inflation really hasn’t changed much in the last year or so.”
 
Politico: “The surge in growth is a win for an administration that’s been battling widespread perceptions that Trump’s economic agenda is causing more harm than good … But for now, the GDP — the total value of all goods and services produced in the U.S. — is expanding at a healthy clip.”
 
USA TODAY columnist Nicole Russell: “Thanks to President Donald Trump's bold policies, it appears that the United States will avoid a recession this year − one that so many liberals were predicting only months ago. Will Democrats put politics aside and applaud as the American economy shows a strength and resilience that so many of them doubted? Probably not.”
 
CBS News: “The number represents a surprising turnaround from the first three months of 2025 … The new data also shows consumers increased spending since the last quarter, with a growth of 1.4%, up from 0.5% from January to March.”
 
ABC News: “The U.S. economy expanded more than expected as President Donald Trump’s tariffs took hold over recent months, federal government data on Wednesday showed … The reading amounted to sturdy economic growth, suggesting the economy has continued to avert a significant tariff-induced cooldown. A boost in consumer spending helped propel the economic surge.”
 
CNBC: “The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength.”
 
Bloomberg: US Economy Rebounds With 3% GDP Growth
 
The Wall Street Journal: “The U.S. economy grew at a 3.0% annual rate in the second quarter, exceeding expectations … Trump’s priorities, including tariffs and deportations, haven’t had a major [negative] economic impact thus far.”
President Donald J. Trump: “2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! ‘Too Late’ MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!”
 
Vice President JD Vance: “Trump economy keeps defying the experts. Strong growth!”

Secretary of the Treasury Scott Bessent: “Real GDP grew 3% in Q2, surpassing expectations. Consumer spending is up, and inflation is cooling. This is what an America First economy looks like, and the best is yet to come.”
 
Secretary of Commerce Howard Lutnick: “GDP just surged to 3% and the Trump Economy has officially arrived. Biden’s first quarter is behind us, and growth is already accelerating. President Trump’s tariff policies have drawn historic investments and opened up global markets for U.S. businesses. Congratulations America: 3 percent today, and we’re just getting started.”
 
Secretary of Labor Lori Chavez-DeRemer: “Thanks to @POTUS, working families are thriving and our economy is booming”
 
National Economic Council Director Kevin Hassett: “There’s really strong growth, really strong income growth, we’ve got a huge reduction in government spending … Every single thing about this GDP release has shown strength.”
 
Press Secretary Karoline Leavitt: “Today, GDP growth came in above market expectations, and yesterday, consumer confidence rose. Americans trust in President Trump’s America First economic agenda that continues to prove the so-called ‘experts’ wrong. President Trump has reduced America’s reliance on foreign products, boosted investment in the US, and created thousands of jobs — delivering on his promise to Make America Wealthy Again. The data is clear and there are no more excuses, now is the time for ‘too late’ Powell to cut the rates!”
 
Counselor to the Secretary of the Treasury Joseph Lavorgna: “Q2 real #GDP expands 3.0%, above consensus expectations! Passage of the #OBBB and the CapEx comeback which is already underway will power a second half boom and beyond.”

Saturday, March 15, 2025

Long Before There Was Elon, There Was THIS Man

This billionaire businessman was a pop culture icon and presidential chum who had an open invitation to the White House. Though he was never elected to any office, he headed commissions, set federal policy, directed various operations and played a critical -- even decisive -- role. Yet, while befriending and hosting the most influential people he also remained a distinct and somewhat quirky personality in his own right.


Sound familiar?


No, we're not talking about Elon Musk. We're talking about someone who came decades before Musk. We're talking about Barnard Baruch!


Bernard Mannes Baruch came to be referred to as an "elder statesman" because he was chummy with US presidents who frequently called upon him for his guidance. For decades, Bernard Baruch was also one of the country's richest and most powerful men. 


Baruch amassed a fortune on the New York Stock Exchange and was a devoted member of the Democrat Party who contributed generously to it. When Woodrow Wilson became president, Baruch became a White House insider and regular guest of the president. He was highly influential in the Wilson administration,  impressing the progersssive Wilson by managing the nation's economic mobilization in World War I as chairman of the War Industries Board. He also advised Wilson during the Paris Peace Conference. He made another fortune in the postwar bull market, but wisely foresaw the Wall Street crash and sold out well in advance.

In World War II, Baruch then became a close advisor to President Franklin D. Roosevelt on the role of industry in war supply and he was credited with greatly shortening the production time for tanks and aircraft. Later he helped to develop rehabilitation programs for injured servicemen. In 1946 he was the United States representative to the United Nations Atomic Energy Commission, though his Baruch Plan for international control of atomic energy was rejected by the Soviet Union.

Like many bright and successful people, Baruch had his eccentricities and for all his high-level connections, in many ways he remained a maverick. His refusal to join any major Wall Street brokerage firm (though he could have been a partner at any of them) gave him the reputation as the “lone wolf of Wall Street.” And Baruch always claimed he received his greatest insight sitting on park benches in Washington and New York chatting with ordinary people. A famous Bernard Baruch quote goes like this: “Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.” 

More fascinating background on Baruch: 

  • Baruch played on an international stage. Winston Churchill sought out Baruch for investment advice and the financier happily obliged, even hosting Churchill at luxury hotels and providing an office for him when Churchill visited New York. They were lifelong chums.
  • Baruch amassed a personal fortune of about a $230 million which would make him a multi billionaire in today’s dollars. At the age of 33 Baruch (a true wunderkind) was already worth $3 million, or about $81 million in today's dollars.
  • Baruch was an ardent proponent of independent thinking and frequently spoke out against the conventional wisdom of the day. He counseled avoiding a herd mentality and thinking long range, beyond the moment.
  • Baruch founded the Intercontinental Rubber Company of New York, which dominated the guayule rubber market in the U.S. with holdings in Mexico and elsewhere. His partners in the enterprise were big time operators including Senator  Nelson Aldrich, Daniel Guggenheim, John D. Rockefeller, Jr. and George Foster peabody. 

  • Baruch purchased approximately 16,000 acres of the former 18th century Hobcaw Barony, consolidating 14 plantations in South Carolina between the Winyah Bay and the Atlantic Ocean. He developed sections of the property as a winter hunting resort.

  • Baruch was celebrated in the popular culture. He was portrayed in the movies Wilson and Funny Lady as well as in the drama Winston Churchill: The Wilderness Years. He was also mentioned in episodes of the Donna Reed Show, the Dick Van Dyke Show, Leave It To Beaver, the Patty Duke Show and Make Room For Daddy. Humorist Art Buchwald referenced Baruch in his book A Gift From The Boys.

  • Baruch was a frequent visitor to the White House during the administrations of Wilson, Franklin D. Roosevelt, Harry Truman and even later during the administrations of John F. Kennedy and Lyndon Johnson.  Baruch died in 1965. 
Note: Baruch was heralded in his day and amply praised by the media and the titans of that era. No one dared question the motives or the reputation of presidential best bud Bernard Baruch. My, how times have changed!

Tuesday, September 13, 2022

There Was No Way He Could Escape It!

Wednesday, July 27, 2022

NJ Congressman's Troubling Stock Trades . . .

New Jersey Republican Congressional Candidate Frank Pallotta called for Representative Josh Gottheimer to step down from the U.S. House Committee on Financial Services amid revelations he joined Speaker Nancy Pelosi’s husband in stock trades of chip maker NVIDIA ahead of a multi-billion-dollar spending bill intended to buoy the company.

Congressman Gottheimer is one of the most prolific stock traders in Congress. executing more than 1,200 trades totaling more than $100 million. He has also switched to a much riskier options strategy, trading an additional $120 million last year alone. What’s more disturbing is the timing of his trading activity. This spring, Congressman Gottheimer and Paul Pelosi, husband of House Speaker Nancy Pelosi, purchased shares of NVIDIA within days of each other, as the Senate was poised to vote on a chip manufacturing bill favorable to the company.

“It’s nearly impossible to believe that these trades and others were made without insider knowledge,” said Mr. Pallotta. “Anyone else in the financial services industry would be fired from their job or face prosecution for insider trading. These members of Congress are not only in possession of material non-public information, but are in a position to influence the price of nearly every stock they own. Congressman Gottheimer should step down from the House Financial Services Committee immediately. He should not be involved in creating policy or writing legislation while this cloud is over him.”

Pallotta added: “Josh Gottheimer is an unethical member of Congress. It’s unconscionable that he is using his position to make millions of dollars and it must stop.”

Earlier this year, Frank Pallotta released a plan to combat Congressional insider trading, known as the T.R.U.S.T Act.

Elements of the T.R.U.S.T. Act include:
  • The financial holdings of all members of Congress immediately be placed in a qualified “blind trust.”An independent oversight panel comprised of professionals with relevant and related skillsets will oversee the Blind Trust administrators.
  • Limitations and restrictions be placed on holdings and certain sectors where committee and subcommittee conflicts exist.
  • Immediate and close family members will not be required to place their holdings in a blind trust, but must request and receive written approval from the oversight panel before executing any transaction.
  • Penalties for rule violation will be immediate and severe, including censure, expungement of profits, and removal from committees.
“New Jersey voters have had enough of corruption. It’s time for Congressman Gottheimer to come clean. He needs to resign immediately from the U.S. House Committee on Financial Services and once and for all, face the music about his questionable trading patterns and strategies,” Pallotta concluded.