Markets are in a panic on Monday morning early, with Dow Futures down ~1300 and oil down another 20% (over fear of an oil glut), with the Saudis and Russians in disagreement on oil production levels. With global supply chains in a bit of chaos with Coronavirus, global output is going down for this first […]
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Coronavirus, Market panics, and Election 2020
09 Mar 2020
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If it is wrong to preach race hatred—and it is—why is it right to preach class hatred? If it’s a crime to incite the public against a man simply because of the colour of his skin—and it is—why is it virtuous to do so just because of his position? The political organisation of hatred is […]
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Super Tuesday: Democracy vs. Elitism
03 Mar 2020
Bernie Sanders stands on the edge of seizing the Democratic Party’s presidential nomination. Facing him down, and loaded for bear, is the Party’s leaders–officers, elected officials, donors, and even former nominees and opponents. These forces now take the form of Joe Biden, upon whom they have finally foisted their mantle. Super Tuesday is the battleground, […]
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Coronavirus and Financial Markets
02 Mar 2020
As I write this morning, markets (Dow Futures) are trending downward to open today by about 300 points, after going into correction (>10% down) territory in last week’s wild action. Mr. Trump is (once again) asking for the Fed to ride to the rescue. “This is something I think they should’ve done even beyond this […]
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It is a confusing time within the Democratic Party as the party struggles with identity. Yes the party of identity politics is having an identity crisis. The front runner, Bernie Sanders, is an avowed Democratic Socialist, and has been for years. He’s historically supported Castro, Ortega, Chavez, etc. and Democratic elites know that if he […]
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The Democrats Go Hard in Vegas
20 Feb 2020
Here are a few scattered thoughts about last night’s entertaining Democratic Debate. There is always a balance between electability and issue or ideological purity. Democrats are confronting it now. In my mind, Sanders and Warren are not electable. Klobuchar and Buttigieg could be. We will know about Bloomberg in the next week. Bloomberg would have […]
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Mr. Trump’s Just Pardon
19 Feb 2020
In 1987, Michael Milken committed an unpardonable sin; he was reported to have made over half a billion dollars in income as the lead high-yield bond trader for Drexel Burnham Lambert (DBL). This is a fantastic amount today, of course, but in 1987 it was beyond comprehension. How could any one man do that? Clearly […]
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No One Likes a Frontrunner – BDC Vol. 10
17 Feb 2020
The Bullington Diatribe Chronicles will run occasionally for the amusement of some, the facepalming of many others, and the inconvenience of all. The following is satire….obviously. Bernie Sanders or his corpse – we’re not really sure which is campaigning at this point – has had a heck of a time over the past few weeks. […]
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I hope and pray we have heard the death knell of the pre-eminence of the Iowa Caucus, but, for now, it still happened and may be exercising an influence on the New Hampshire Primary, which takes place today. Bernie Sanders and Pete Buttigieg tied, at least statistically, in Iowa. Politically, Buttigieg probably won, while Joe […]
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What a week!
07 Feb 2020
I suspect many of you are just like me in that life is busy, and your interest in politics has waned–especially as there seems to be no one to root for, only someone to root against. So the temptation is to either be numbed by the continuing dysfunction and just settle in for the ride, […]