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August 3, 2016 | Can a Market be Bullish & Bearish at Same Time?

Michael Swanson is the founder and head editor of He ran a hedge fund from 2003 to 2006 that generated a return of over 78% for its investors during that time frame and in one year was ranked in the top thirty-five hedge funds among several thousand tracked by He received a Masters Degree in history from the University of Virginia in 1998 and since retiring from the hedge fund world writes about global investment trends, the financial markets, and American history.

The Financials love Hillary Clinton

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Archives August 3rd, 2016

Posted In: Radio


  • Tony Veiga says:

    Jim: Are you implying that Hillary has a penis? Mike, I am sure, did not hear it, but just a few months ago in Kentucky, Hillary straight up told a gathering of United Mine Workers and that she was going to put them out of work because she was going to put coal companies out of business but that it would be all right because she was going to have a government training program to teach them IT skills. You stated that Trump would say anything to get elected. Do you think Hillary would not? In a televised interview this past Sunday, Mrs. Clinton lied repeatedly about what the head of the FBI said about her emails and her handling of classified material. You stated that Trump intimidates people in his negotiations and I am curious how you know that. Were you there?

    On a few economic matters: The BLS puts out several CPI figures, some of which include food and energy. Food and energy were taken out of Core CPI in the early ’70s. The Personal Consumption Expenditure (PCE) number includes most things you need for every day life. I believe that Carried Interest does not have anything to do with the sale of assets. The sale of assets are taxed at capital gains or ordinary income rates the way stocks are taxed. It depends on the time the assets are held. Carried Interest allows hedge funders and restructure specialists to consider their labor as an asset to be taxed as a long term capital gain (15% rate) instead of as ordinary income (up to almost 50% rate). Hillary wants to keep this arrangement and Trump says (and I believe him) that he is going to get the law changed so that they pay ordinary income rates on their labor like everyone else does. Helicopter money already has been tried. The US Federal government mailed out checks to most taxpayers in the Spring of 2008. I don’t think that worked. People buy bonds paying 0% or less when they are more concerned with the return of their money than the return on their money. During deflation it s not a dumb move.

    I think that the best quote I ever heard (and why I try to research and think about things) is that the problem most people have have is not what they don’t know. It is what they know that is wrong.

  • Janison Edge says:

    Mike, you’ve been saying the US markets have been going down for years. Meanwhile while doing so it went up at a 45 degree angle since 2013 and going sideways to up while you were a bear. You even dissed Facebook after its IPO. You have been wrong to date on this while the blue chips hit new highs. As for gold you were wrong on calling bottoms all the way down since 2013 until it finally bottomed earlier this year. You were and have been wrong in both cases. If you are eventually right by ranting on things, a sudden turn in favour of your statements after years of being wrong does not make you right.

    You have been fighting the Fed.

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