.

MYTH BUSTING

.

Worshiping the Wealthy

.

THE CREATOR/

The Jobs Creator

.

.

The Myth - Donald Trump &

The rich are Job Creators

.

“Taxes on the rich go down and

Jobs will go up.”

.

The venture Capitalist

who Blows away the Myth

.

Nick Hanauer

.

.

Hanauer’s 5 minute demolition of

who creates jobs has been viewed

by over 500,000 in a week

.

YOU can See it

by clicking on his photo

.

..

Since 1980 the rich have

tripled in wealth and

their effective tax rate has

gone down 50%

.

Therefore

“We should be drowning in Jobs”

.

If we consumers/customers

in the middle class

got the same breaks as

The Donald & the Plutocracy

We would all

be making $42,000 more.

.

.

Once you start any business

It’s the feedback loop of

consumers/customers buying

that creates jobs

.

.

Think how much better off

the USA would be

if working middle class families had

$42,000 more to buy

products and create jobs.

.

When the working middle class

Grows

EVERYONE  from the poor to the rich

Benefits.

.

THE VIDEO LINK

.

.

*******************

.

STOCKS

.

openingimage

OMG Oversold bounce

OMG Oversold Bounce

Continues

(photo from ETF Digest)

.

  • Iran - Two events/ meetings have slightly lessened possibility for war. UN/Iran possible inspections. 6 Countries and Iran negotiate in Baghdad. Here’s the BBC’s evaluation on the Baghdad talks, I’m sure the USA mainstream media will be much more negative.
  • My badThe decline in oil prices, in part, is due to the two sides negotiating over Iraq, not just oil falling because of a negative outlook for US economy.
  • This makes the Long Term Outlook a bit more bullish.
  • Major market news is big meeting in Europe over weekend. They always seem to kick the can down the road.  Again BBC News

.

*****************

.

From Tuesday – “No changes in LTO until JPM stops falling and starts to recover & Spanish 10 year bond yield starts to fall again back near 6.00%”

We’ve had the start of a recovery in JPM. Partly because it was so oversold and partly because Spanish bond rates fell.

.

The Spanish 10 year yield

is down a bit at 6.18%

at 8:20 AM EDT.

.

It’s high last week was 6.31%. Therefore in a range between 6.31% to 6.00%.

.

A breakout on either side

will determine the course for Europe

and strongly impact USA

LTO – Over 6.31% = CAUTIOUSLY BEARISH

LTO – Under 6.00% = CAUTIOUSLY BULLISH

Of course unforeseen factors can also change the LTO.

.

Longer Term Outlook

3 months+

.

NEUTRAL


.

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

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