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I just went for my final annual physical because my superb personal physician is retiring. He is the dean of Savannah doctors but when he came in I said J-- I first came in over 20 years ago, could hear, could play tennis, walk without out a cane and 20 years later I wear hearing aids, can't play tennis, have Bronchiectasis and A Fib and am a physical mess.. He laughed. His patient's are going to miss him as we will because he is one of the best and dedicated. We wish him well and hope his retirement years are the very best.
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In a recent memo, I commented I was not enthusiastic near term regarding the market and enumerated my reasons .
The upcoming reporting period should reveal a decent number of stocks performing well because the economy and employment remains stronger than had been expected so this could turn out to be a decent period for stocks reflecting good earnings and decent forecasts but The Fed may, consequently, feel compelled to raise rates another 1/4% and that could throw cold water on an otherwise decent outlook to combat higher inflation than The Fed wishes to tolerate.
It seems a mild recession is inevitable and should that be the case the start of a new up market might be starting. The market's overall level is somewhat stretched but there are pockets of values that are historically cheap. Oil stocks are flush with cash so I would anticipate consolidations to occur.
America has some serious social and political issues and the election news will cause ripples as will China and the Ukraine War but eventually those factors will be discounted so I would not get too bearish.
Should Biden win that would be a downer. Should any one of the Republicans running win that would prove a more positive backdrop against which a new bullish market could begin.
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REPUBLICANS
Republicans Say DOJ Has Gone ‘Totally Rogue’ After Lawsuit Against 2024 Senate Contender
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Taliban claims: 'We will conquer Iran soon' amid water dispute
Tensions have risen recently between the Taliban and Iran over the shared Helmand River.
An IRGC Ground Forces commando. (photo credit: Wikimedia Commons)
The Taliban threatened on Sunday that it could conquer Iran as tensions increase over water disputes between Afghanistan and Iran, leaving at least three people dead.
Senior Taliban commander Abdulhamid Khorasani, aka Nasser Badri, has in a video message warned that the group will fight against Iranians "with more passion" than they did against the US forces."We will conquer Iran soon if Taliban's leaders give the green light for jihad." pic.twitter.com/dodCIyUXp3
— Iran International English (@IranIntl_En) May 27, 2023
In a video released by the Taliban, a senior commander in the terrorist organization running Afghanistan warned that the Taliban would fight the Islamic Republic's Revolutionary Guard "with more passion" than they fought the US forces. He added that the Taliban "will conquer Iran soon if the Taliban's leaders give the green light.
As well as the Taliban commander's video, another video released by the terrorist organization taunting Iranian President Ebrahim Raisi went viral on social media. In the video a Taliban member fills a single yellow jerrycan with water, sarcastically telling Raisi "Mr. Raisi, take this water barrel and don't attack, we're terrified."
Clarifying the reason behind the clashes
Iranian media has not explained what the clashes are about, claiming only in one report that they were to do with drug trafficking. Iran also claims that the Taliban shot at IRGC officers on the border first. The Taliban, however, claim the opposite.
Other media sources including the Associated Press (AP) and Iran International report that the clashes happened over a water dispute, a report that would explain the Taliban's video.
Earlier in May, Raisi warned the Taliban not to violate Iran's rights to the Helmand River which is shared between the two countries.
“I warn the rulers of Afghanistan to immediately give the people their water rights," he said. "Take my words seriously now or don't complain later.”
Tensions surrounding the river have risen steadily over the last two years since the Taliban took control of Afghanistan after the withdrawal of US forces.
A treaty was signed between the two countries in 1973 involving an agreement that Afghanistan had to give Iran a certain amount of water from the river which flows from Afghanistan.
Reports claim, however, that Afghanistan has been violating the treaty with The National reporting that Iran has only been receiving four percent of the water owed. The lack of water is particularly significant to Iran as it faces a long drought - an issue that Afghanistan faces too
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Larry Fink and Blackrock are synonymous.. He will be retiring soon and , perhaps, fearing his control of Blackrock's future he has begun publishing a series of ads.
Larry is a dangerous man because he has control over Trillions of Dollars of corporate votes, and thus, has tremendous autocratic power.
If corporate America does not vote in accord with the way Fink believes it should, he can bring this power to brow beat management. Fink and his supporters are basically anti-capitalist dictators. They control Davos, are totally green and their intimidating manner of gettitting their way is thuggish at best.
[What is environmental, social and governance (ESG)?
TechTarget
( https://www.techtarget.com › what is definition of ESG.
Environmental, social and governance is a framework used to assess an organization's business practices and performance on various sustainability ]
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More stupidity by anti-capitalists is wrecking stock values through wokeism .Various directors have been allowed to introduce their stupid, dangerous and offensive concepts which are totally disruptive of our nation's social values.
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