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ABC Edited Out Obama Trashing Biden's Open Border Policy
Did Obama backpedal? https://pjmedia.com/news-and-p
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Investors are turning negative because of prospective rising interest rates and inflation. Is the bull market over? Perhaps but also a bit early to tell, but then, what do I know:
Suddenly, soaring oil and sagging bond prices are complicating DC’s messy tasks
On Tuesday, two major trends converged, and managed to kill two birds with one stone. Commodity bulls and bond vigilantes joined hands to shake up a market that's become too complacent with the status quo, and sent a pointed message to Washington’s perpetually quarreling establishment.
Ahead of D.C.’s deadline to avert a federal government shutdown and a self-inflicted debt ceiling calamity, a sell-off in bonds quickened, triggering a rout in stocks and a spike in interest rates.
Heating up the toxic brew is the price of oil (CL=F), which looks like it is prepping a run above $80 per barrel, especially with global demand so high. Energy shortages in China and the U.K. underscore how fuel price spikes are starting to hit home for industrialized countries.
The moves in markets couldn’t possibly have come at a worse time, with the Federal Reserve carefully calibrating the market’s anxieties about both soaring prices and curtailing its massive bond purchases by next year.
And some think the former is increasingly likely to impact the latter — which is partly why bond investors seem to be forcing the government’s hand.
“Inflation expectations are finally catching up to inflation and the drama in Washington,” Gene Goldman, CIO at Cetera Investment Management, told Yahoo Finance on Tuesday, who argued that the Fed “has been severely underestimating the stickiness of inflation.”
With regard to soaring prices, “transitory” has become a byword of pandemic-era central bank policymaking. The Fed anticipates that much of the pressures pushing up inflation will eventually dissipate.
However, Goldman argued that “the eventual landing spot [of inflation] will be above the pre-pandemic and Fed target levels.” As of August, headline prices were running above 5%, with core prices not far behind.
“If inflation was as transitory as the Fed suggests, year-over-year inflation should not be this high,” Goldman told Yahoo Finance in an email.
“With tapering being the first step to remove stimulus and the Fed not wanting to expand its balance sheet while raising rates, the Fed is most likely to begin tapering ASAP (November) so that if inflation keeps rising, they can address it with higher rates faster,” the investor added.
Within the last week alone, the benchmark 10-year Treasury has added around 20 basis points, while the inflation-sensitive two-year yield spiked to its highest in over a year, according to Marc Chandler, chief market strategist at Bannockburn Global Forex.
Interest rates have sharply risen during the last two weeks
And given that yields are still too low relative to U.S. economic growth, Cetera’s Goldman thinks the 10-year could breach the psychologically important 2%.
As if containing the dragon of inflation wasn’t enough work, the specter of a government shutdown — or worse still, a default — makes the outlook that much worse. Treasury Secretary Janet Yellen has warned Congress that the debt limit must be raised or suspended by Oct. 18.
While almost nobody expects Uncle Sam will stop paying his bills, Washington’s highly partisan atmosphere is enough to give investors a serious gut check, especially because technology and growth-sensitive stocks are sensitive to rising rates.
"Below the surface of the equity market, long-duration growth stocks have started to underperform as rates have risen, consistent with the historical pattern," Goldman Sachs analysts wrote on Tuesday. "Rising interest rates pose a greater risk to the valuations of long-duration stocks given the high share of cash flows expected to be generated in the distant future."
By Javier E. David, editor at Yahoo Finance. Follow him at @Teflongeek
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Has the downhill slide in our military superiority begun?
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Why this former Marine is suddenly in jail after speaking up
Finally:
https://nypost.com/2021/09/28/
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A president lacking basic recall is either a liar and/or a threat to himself, the nation, the world. Pelosi and Milley concocted a false narrative and the mass media ran with it that we should be worried about Trump having his finger on the red button.
Biden doesn't even know what color the button is but no one seems the least bit worried. It is just that serious.
'No. No One Said That to Me'
Larry O'ConnorLarry O'Connor|Posted: Sep 28, 2021 5:05 PM
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
'No. No One Said That to Me'
Just 12 days ago, I detailed how Joe Biden was caught in one of the biggest, most consequential lies in modern presidential history.
Now, this isn't an "I did not have sexual relations" kind of lie designed to cover up an embarrassing Oval Office sexcapade. And it isn't a "biggest presidential inauguration audience in history" kind of lie designed to boost an ego against a negative media cycle. It isn't even an "if you like your doctor, you can keep your doctor" kind of lie designed to jam your legislation through with a damnable broken promise.
This lie was in the midst of an ongoing military mission that resulted in the careless and unnecessary murder of 13 servicemembers thrust into harm's way by an incompetent president without full use of his faculties and without serious advisors who recognize his dangerously diminished capabilities but refuse to step in and do anything about it.
As a reminder, in mid-August, as the Taliban took over the last parts of Kabul and terrified Afghans trampled over American citizens as they desperately hurled themselves onto the fuselage of an Air Force jet ending in their eventual plummet back to earth, Joe Biden decided his main problem was a PR challenge that would be cured with some damage control with former Clinton Advisor George Stephanopoulos on ABC News.
Knowing that literally nothing in Biden's feckless career gave him anything close to wisdom or expertise when it comes to military strategic planning, Stephanopolous asked the obvious question: Who in the hell advised you on this nightmare in Afghanistan, and why didn't you listen to the experts?
Here's the key exchange.
STEPHANOPOULOS: But your top military advisors warned against withdrawing on this timeline. They wanted you to keep about 2,500 troops.
BIDEN: No, they didn't. It was split. Tha-- that wasn't true. That wasn't true.
STEPHANOPOULOS: They didn't tell you that they wanted troops to stay?
BIDEN: No. Not at -- not in terms of whether we were going to get out in a timeframe all troops. They didn't argue against that.
STEPHANOPOULOS: So no one told -- your military advisors did not tell you, "No, we should just keep 2,500 troops. It's been a stable situation for the last several years. We can do that. We can continue to do that"?
BIDEN: No. No one said that to me that I can recall.
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You can call me a racist and engaged in too much generalization but, when one goes back in point of time, Muslims have proven to be a radical sect. In terms of our modern era there has not been much improvement in their status regarding the embrace of terrorism except, for the fact, they have become more destructive.
If they were all located in one nation state, like the Nazi's, their elimination and/or defeat might be predictable and doable as with WW 2. However, they are scattered throughout the world, have wormed their way into just about every nation and, when they have, their impact on that society/nation is disproportionate to their numbers. They stir up hatred and become a magnet for other haters. In our own nation they have effectively turned The Democrat Party into a negative position vis a vis one our most trusted allies. They have wrecked free campus speech and, through intimidation, have created discord in the land. Furthermore, the actual destruction they have cost and human misery is incalculable.
Finally, they have watered the seeds of anti-Semitism and made it blossom among the misguided.
Yes, some have made positive contributions and brought a richness to our own culture but, on balance, in my radical view they have been, and remain, a scourge and there is nothing we are likely to be able to do about this "human cancer."
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