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September 22, 2017 | A Bitter Winter for U.S. Stocks

POITOU, FRANCE – It’s autumn already. A heavy fog covers the farm this morning, the first this year. September can be beautiful here. Not yet cold. But no longer hot. The grass is green, and the sky is clear. Then, in the evening, the horizontal sun filters through the golden leaves and the whole place […]

September 21, 2017 | Dow 50,000! Why Not?!

POITOU, FRANCE – We took the ferry back to the mainland after our stay on Île d’Yeu with two kittens in our luggage. The kittens were scheduled for drowning if no homes could be found. Elizabeth volunteered to adopt them. One of them got out of the box on the drive home. This morning, traumatized, he is […]

September 20, 2017 | The Truth Behind the Trump Brand

ÎLE D’YEU, FRANCE – Today, we climb a hill and have a look around. Down below is a hidden cove on Île d’Yeu: The hidden cove on the French island of Île d’Yeu But let’s get serious… R — $700 Billion Boondoggle Out to our left, under dark clouds, is the political situation. For the […]

September 19, 2017 | The U.S. Economy Is Dead in the Water

  ÎLE D’YEU, FRANCE – We are spending a couple of days with friends out on a tiny and charming island in the Atlantic, Île d’Yeu. We took the ferry from the Fromentine harbor, near the city of Nantes, on Sunday. Since then, we’ve been enjoying the salt-soaked air. — The old castle on Île […]

September 18, 2017 | America Is Going Broke… and Nobody Cares

ILE D’YEU, FRANCE – Last week, the plot did not so much thicken as congeal. There’s no changing it now – the cameras are rolling… the costumes are on… and everyone knows his lines. President Trump went further in becoming the first president independent of either major political party in American history. — Open Floodgates […]

September 15, 2017 | Doom Index Issues “Extreme Warning”

PARIS – First, the news. Cryptocurrencies took a beating after Jamie Dimon – the CEO of JPMorgan Chase, a bank that makes billions from today’s fake-money system – called bitcoin a “fraud.” Bitcoin – the leading cryptocurrency by market value – is down to $3,143 at this writing. That’s about 36% lower than its all-time […]

September 14, 2017 | No Stopping Washington’s Debt Bomb Express

Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me. – Psalm 23:4 NORMANDY, FRANCE – Others are beginning to notice: Republicans have lost the White House. The Washington Post reports: It could very well be […]

September 13, 2017 | “The Donald” Keeps the Fake Money Flowing

NORMANDY, FRANCE – And “The Donald” said: “Open the floodgates!” And the floodgates opened. Less than 48 hours after Congress approved his debt ceiling suspension, more than $300 billion had flooded in. That is the amount by which the U.S. national debt increased on Friday, September 8. By $317 billion, to be exact. And “The […]

September 12, 2017 | Republicans Have Lost the White Hous

NORMANDY, FRANCE – Until last week, Republicans controlled the House… the Senate… and the White House. But who controlled Republicans? As it turned out, many – including the Republican-in-Chief – were out of control. Then came the explosion. Dazed and shell shocked, it took commentators, analysts, and GOP members a few days to get their […]

September 11, 2017 | Conservatives’ Last Bullet

NORMANDY, FRANCE – We had gotten a bid of $4,000 to redo the old fireplace. The carved stones that held the wooden mantel beam had cracked and fallen down. Other stones along the side had broken off or worn down. It was a mess. But it was also a weekend challenge! — Country Hearth We […]

September 8, 2017 | Trump Has Gone “Full Deep State”

POITOU, FRANCE – Senator John McCain spoke for millions yesterday. “I’m a pretty intelligent guy,” he said, speaking of President Trump’s sudden lurch to the left side of the aisle, “but I don’t understand this.” On the surface, the political events of this week are baffling. Underneath, they follow an ineluctable logic. — No Legislative […]

September 6, 2017 | Another Landmine on the Path to Tax Reform

POITOU, FRANCE – Yesterday, the Dow fell 234 points – or roughly 1%. No big deal. Commentators said investors were worried about disasters – both natural and man-made. Out at sea, another storm gathers force… threatening the sugar islands and America’s low-lying southern border. Meanwhile, in Washington, dark clouds and dumbbells whirl and whiz about, […]

September 5, 2017 | The End of Bitcoin?

POITOU, FRANCE – It was a slow Labor Day weekend. We spent the time visiting with neighbors and tying up loose ends on our renovation projects. Then, yesterday, a daughter arrived from California. She brought bad tidings from the film industry… — Depressed in LA “Everybody’s depressed in LA because the movies have been so […]

September 4, 2017 | The Absurdity of the “Living Wage”

POITOU, FRANCE – Today is Labor Day. Most of the world pays homage to its sweating, busing, trucking classes, its poor huddled masses… yearning for a cushier seat and a better deal… on May 1. President Grover Cleveland chose the first Monday in September. Of great interest to people in America, as indicated by the […]

September 1, 2017 | Bitcoin – Another Tulip Mania?

POITOU, FRANCE – The price of bitcoin has topped $4,800. What this means, we don’t know. “It’s like the tulip mania… just a bubble,” said a friend last night. “Well… yes and no,” we cautioned against a rush to judgment. “It may be a bubble… but it is not just a bubble.” — Father Knows […]

August 31, 2017 | Where Are the New Jobs?

A new administration can only do good by undoing the good things that previous administrations claimed to do. That is, it does not do good by adding programs of its own. It can only make things better by eliminating the jackass schemes already in place. That is a major problem for a new president. Because […]

August 30, 2017 | The Real Culprit Behind the Texas Flood

And the Lord said unto Noah, “Come thou and all thy house into the ark; for thee have I seen righteous before me in this generation. “Of every clean beast thou shalt take to thee by sevens, the male and his female: and of beasts that are not clean by two, the male and his […]

August 29, 2017 | The One Promise Trump Can Keep

POITOU, FRANCE – “We live in a slow-growth world,” summarized a canny friend, “but with high-growth debt and high-growth asset prices.” Today, we turn to a report on Zero Hedge for further precision. But we’ll get to that in a minute. First, let’s begin with less precision… — Broken Promises The promise of the Trump administration was, […]

August 28, 2017 | Don’t Blame Trump… Blame the Global Elites

POITOU, FRANCE – We spent the weekend in our favorite place: the workshop. In the foreground is an old altar; we are preparing it for our tiny chapel. Bill’s workshop at his home in the French countryside The family chapel in Poitou One of our sons is working in China. He called Sunday with this […]

August 25, 2017 | Stocks Haven’t Been This Pricey Since the Dot-Com Bubble

POITOU, FRANCE – Day ends in night. Life ends in death. Stability ends in instability. Now, with shadows stretching out in our life, we don’t care much for the program. It is what it is. — Freaks and Clowns It has been a quarter-century since the U.S. stock market has been so calm for so […]

August 24, 2017 | Bannon Is Right: The Trump Presidency Is Over

POITOU, FRANCE – “‘The Donald’ has been White House-broken,” was what we were trying to say, translating the phrase into something that may make sense to a French listener. But it was too clever and complicated. “Well, let’s just say the president has been brought into line,” we simplified. — Social Season This is the […]

August 23, 2017 | Mr. Trump Has Been Broken

POITOU, FRANCE – Bannon is gone. And Priebus. And Spicer. And Scaramucci. And Donald J. Trump? Reckless, vain, juvenile, untutored, swinish – he was refreshingly blockheaded. And now, he may be gone, too… tamed by the “adults in the room.” — More War, More Debt Yes, the thrill is gone… the spontaneity… the honest lies… […]

August 22, 2017 | Deep State First

POITOU, FRANCE – Yesterday, Donald Trump, president of all the Americans, said his country would spend more blood and money trying to force the Afghans to do what it wants them to do, whatever that is. And so… a darkness covered the land. From Sioux City to Savannah… a shadow passed between Earth and sun. […]

August 21, 2017 | A Darkness Is Spreading Across the U.S.

Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always […]

August 18, 2017 | George Washington: What an Imbecile!

POITOU, FRANCE – George Washington: What an imbecile! He owned 317 slaves. Couldn’t he see that slavery was bad? Jefferson, too. And Madison. And Monroe. Jackson. Van Buren. Tyler. Harrison. Polk. Taylor. Johnson. And Ulysses S. Grant. Didn’t they smell the squalor of the slave quarters and hear Simon Legree’s whip in the fields? Didn’t […]

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