Economics and Economy

  • Predicting the Climax

    Reading Time: 2 minutesWe are watching The Fourth Turning unfold before eyes. While you should read all of The Fourth Turning by generational historians William Strauss and Neil Howe, here’s one of their predictions for this point in time. The prediction was published in 1997: The economy will in time recover from its early and vertiginous reversals. Late […]

  • Predicting the Climax

    Reading Time: 2 minutesWe are watching The Fourth Turning unfold before eyes. While you should read all of The Fourth Turning by generational historians William Strauss and Neil Howe, here’s one of their predictions for this point in time. The prediction was published in 1997: The economy will in time recover from its early and vertiginous reversals. Late […]

  • It Can Happen Again—The Big Short Movie

    Original Post: It Can Happen Again—The Big Short Movie.

    “You know how when you walk into a post office you realize there is such a difference between a government employee and other people,” said Vinny. “The ratings agency people were all like government employees.” The Big Short: Inside the Doomsday Machine (movie tie-in) (Movie Tie-in Editions) (p. 156). W. W. Norton & Company. Kindle…

    The post It Can Happen Again—The Big Short Movie appeared first on Hennessy’s View.

  • Correction

    Original Post: Correction.

    Something weird happened in the stock market today. Yesterday I blogged about the stock markets. I’d been up early to see what was going on in Europe and Asia. I was watching US futures, too. I decided to write about what might happen. And I told you about Ben Hunt, my favorite economics writer. Ben…

    The post Correction appeared first on Hennessy’s View.

  • Baba Wawa thought Obama would replace Jesus

    We in the Tea Party always knew they though Obama was the next great coming of our Lord and Savior. From all the great prose that was written about his election, to his own declaration on election night that the “The seas will recede. The planet will heal.” But now after 5 years of disappointment Baba Wawa admits, during the Christmas season no-less, the result is so crushing, because the expectation was so high.

    PIERS MORGAN, HOST: You have interviewed every president of my lifetime. Why is Obama facing so much opposition now? Why is he struggling so much to really fulfill the great flame of ambition and excitement that he was elected on originally in 2009?

    BARBARA WALTERS: Well, you’ve touched on it to a degree. He made so many promises. We thought that he was going to be – I shouldn’t say this at Christmastime, but – the next messiah. And the whole ObamaCare, or whatever you want to call it, the Affordable Health Act, it just hasn’t worked for him, and he’s stumbled around on it, and people feel very disappointed because they expected more.

    It’s very difficult when the expectations for you are very high. You’re almost better off when they are low and then they rise and rise. His were very high and they’ve dropped. But you know, he still has several years to go. What does he have, three years, Piers? And, you know, there will be a lot of changes, one thinks in that time.

    Luckily, I had no expectation other than what has happened. Obama’s economic policies are a disaster, his healthcare law is a disaster, his gun confiscation desires are a disaster, and there is no doubt that his unfettered, unchecked, illegal immigration policy will be a disaster. My only hope at this point is that the vast majority of Americans will finally see how disastrous this man and more importantly, these policies, are for our country and in 2016 they will do something about it. I hate to say I told you so…….but I did.

  • Baba Wawa thought Obama would replace Jesus

    We in the Tea Party always knew they though Obama was the next great coming of our Lord and Savior. From all the great prose that was written about his election, to his own declaration on election night that the “The seas will recede. The planet will heal.” But now after 5 years of disappointment Baba Wawa admits, during the Christmas season no-less, the result is so crushing, because the expectation was so high.

    PIERS MORGAN, HOST: You have interviewed every president of my lifetime. Why is Obama facing so much opposition now? Why is he struggling so much to really fulfill the great flame of ambition and excitement that he was elected on originally in 2009?

    BARBARA WALTERS: Well, you’ve touched on it to a degree. He made so many promises. We thought that he was going to be – I shouldn’t say this at Christmastime, but – the next messiah. And the whole ObamaCare, or whatever you want to call it, the Affordable Health Act, it just hasn’t worked for him, and he’s stumbled around on it, and people feel very disappointed because they expected more.

    It’s very difficult when the expectations for you are very high. You’re almost better off when they are low and then they rise and rise. His were very high and they’ve dropped. But you know, he still has several years to go. What does he have, three years, Piers? And, you know, there will be a lot of changes, one thinks in that time.

    Luckily, I had no expectation other than what has happened. Obama’s economic policies are a disaster, his healthcare law is a disaster, his gun confiscation desires are a disaster, and there is no doubt that his unfettered, unchecked, illegal immigration policy will be a disaster. My only hope at this point is that the vast majority of Americans will finally see how disastrous this man and more importantly, these policies, are for our country and in 2016 they will do something about it. I hate to say I told you so…….but I did.

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