They really do! And I’m here to remind you of what [some of] these are within this text. If you have money at risk in financial markets, you’ll want to pay [particular] attention to what I have to say. On the other hand, if you have little or no money at risk, there are still a couple nuggets of information you won’t want to miss – like do you own a parachute? 🙂

Truth [and] Consequences…
No one will owe me anything after they read this, I like to prognosticate and serve up predictions on the economy and the financial markets, [it’s kind of my thing] especially when things could get ugly in these [almost] United of States. We are almost united aren’t we? The mid-term election is way over yet all results are still not in because states like Taxifornia and Arid-zone-a have election rules that prohibit workers from counting only real votes, or votes received in proper order and on time. Instead these states cater to dumbasses who can’t seem to adhere to the rules of normal voting. After all, it’s so difficult to vote isn’t it? I hope these idiots don’t ride bicycles! Results in the Senate are really already in, the Walker/Warnock re-match will not change any outcome for Republicans. Democrats will control the Senate once again because they will have Kamala’s tie-breaking vote. So in regard to the Senate, it’s a “nothing to see here folks”. However, the House of Representatives will have a Republican bias but at a small margin and hence a small influence on stopping any of the economic destruction that the Biden Administration has laid upon this country since Day One in office. So the populace is basically stuck here in what would best be described as a “quasi-gridlock” scenario. It’s really not a true gridlock because Republicans are still left without control of the Senate and of course Socialist agendas emitting from the White House. Weighing the results of this Mid-term election cycle it looks as if at least half of our country is, after all, concerned about being able to legally kill their unborn children? How sad. 🙁

I Told You So!
I remember writing posts regarding how a Biden Administration would effectively be an Obama 2.0 moment as far as the U.S. economy is concerned. Well I was only half-right. Back then we had little to no inflation. In fact, when Obama was in office the economy grew so slowly that the Fed was constantly fighting “deflation”. Now inflation has arrived at a time when the U.S. economy is slowing down to a trickle. So we have rising interest rates to combat incipient inflation in the absence of any growth prospects, a condition known as “stagflation”. I believe the last time the U.S. had stagflation, Jimmy Carter was President, so it’s been awhile ago. Couple all that with a never before seen ballooned-out Federal Reserve balance sheet and U.S. Federal Debt in the neighborhood of $33 trillion? [And remember what Gomer Pyle from The Andy Griffith Show would say in situations like this? “Surprise! Surprise! Surprise! Andy”… Andy always hated it when Gomer would resort to saying that.] 🙂

Debt is Not Always a Problem, Until it is…
People go into debt, businesses can go into debt and government can go into debt. Debt itself is not always a problem, not always. It’s only a problem if you can’t grow out of it, and overcome it. How’s this economy going to overcome all this indebtedness when their all prospects for GDP growth of 3% or better have been placed in handcuffs? It’s.Not.Going.To, that’s the answer! So what can you and I do to best preserve what those too stupid to understand that voting for Democrats is the death knell for U.S. economic growth?

Personally I expect certain financial assets to underperform going forward [under current Socialist Democrat policies], the scenario we find ourselves mired in now. These assets fall into a category known as “long-dated securities” by the street, vis-a-vis analysts on Wall St. Any financial asset that pays in perpetuity such as preferred stock and long-term bonds are included in this category. Anything paying a set coupon rate and not considered “short-term paper”. Some institutions define long and short-term paper differently but for my purposes – I’d say anything returning my principle back to me in a span of more than two years from now is not interesting at this juncture. Growth stocks, [which includes 98% of the technology sector] are a classic “long-dated” security, and so there are sectors within the economy that would be expected to continue to underperform going forward [see “Addendum Notes” below]. And are you ready for this? Crypto-currencies are the poster child [IMO] for “long-dated” securities. I would continue to stay the Hell away from these virtual commodities…

Addendum Notes –
I find it fascinating that these Tech Oligarchs continued to pour 100’s of $millions into electing incompetent Socialists to the White House and both branches of Congress along with important agency posts and federal court judges. The Oligarchs always wanting Democrats in place when their policies are classically anti-growth, high taxation, and regulatory policies working against economic expansion. I will give them this though, back when Obama was in office for two terms and the economy was flatlining like a dead patient on an operating table, the technology sector actually did outperform. However, there was an important caveat in place back then, we had interest rates set to zero and hence, negative inflation to accompany negative U.S. economic growth. This country is faced with the total opposite scenario now, growth is slowing while higher inflation remains persistent, accompanied by no tax relief and increasing regulations via Democrat leadership. Also keep in mind that during the timespan from 2008 to 2016, the U.S. dollar was relatively weak among major currencies around the world, not so today, [we actually have interest rates above zero now]. A combination which could mark disaster for any real U.S. economic growth going forward. Now add in our outsized and historic debt load with no chance to repay it. Do you really want me to continue or are you crying “uncle” yet? 🙂

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