Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: confidence

Conference Board Predicts Robust Economy for Rest of Year

This article appeared online at TheNewAmerican.com on Friday, April 20, 2018:

The report from the independent Conference Board released on Thursday confirmed what most already know: The U.S. economy is on a tear, and there appears to be nothing on the horizon to slow it down, at least for the next six to nine months. Said its Director Ataman Ozyildirim:

The U.S. LEI [Leading Economic Index] increased in March, and while the monthly gain [was] slower than in previous months, its six-month growth rate increased further and points to solid growth in the U.S. economy for the rest of the year.

 

The strengths among the components of the leading index have been very [robust] over the last six months.

The LEI, which bottomed out during the Great Recession in the middle of 2009, has rocketed from 73 to

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Is the Federal Reserve Working Against Trump’s Reelection in 2020?

This article was published by The McAlvany Intelligence Advisor on Friday, March 23, 2018: 

English: Short-Run Phillips Curve before and a...

Short-Run Phillips Curve before and after Expansionary Policy

In politics, according to FDR, there are no coincidences. He famously said that “in politics if something happens you can be sure it was planned that way.” The announcement by Trump that he has filed for reelection in 2020 and the pronouncement by the Federal Reserve following it may just be one of those “planned” coincidences.

The pronouncement from Jerome Powell, the new head of the Fed, was, on the surface, comforting:

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Economy’s Performance Continues to Beat Forecasts

This article appeared online at TheNewAmerican.com on Friday, March 2, 2018: 

Three more measures of how the U.S. economy is performing once again beat economists’ forecasts: consumer confidence, jobless claims, and manufacturing. Tuesday’s release by the University of Michigan of its monthly “Survey of Consumers” showed all three of its indexes notching highs not seen in years. Its Index of Consumer Sentiment (“How are you feeling about your finances today?”) hit 99.7 compared to January’s robust 96.3. That is the second-highest level since 2004, reflecting, according to the survey’s chief economist Richard Curtin, consumers’ “favorable assessments of jobs, wages, and higher after-tax pay … overall, the data signal an expected gain of 2.9% in real personal consumption expenditures during 2018.”

The forecasters in this instance nearly got it right. The consensus reported by the Wall Street Journal expected 99.5. But that’s about as close as any of them got.

The U of M’s Index of Current Economic Conditions (“How does the economy look to you from your personal perspective?”) also beat expectations,

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Trump Gives Clear Signal that He is a Christian

This article was published by The McAlvany Intelligence Advisor on Friday, February 9, 2018:  

There is scarcely a newborn Christian who doesn’t know and rejoice in the Apostle Paul’s confirmation of his salvation in his letter to baby Christians living in Ephesus in the first century. It’s Ephesians Chapter 2, verses 8 through 10. First, the New International Version (NIV):

For it is by grace you have been saved, through faith – and this is not from yourselves, it is the gift of God – not by works, so that no one can boast. For we are God’s handiwork, created in Christ Jesus to do good works, which God prepared in advance for us to do.

Some consider the New Living Translation (NLT) to be a little more “user-friendly”:

God saved you by His grace when you believed. And you can’t take credit for this: it is a gift from God. Salvation is not a reward for the good things we have done so none of us can boast about it. For we are God’s masterpiece. He has created us anew in Christ Jesus, so we can do the good things He planned for us long ago.

When President Trump deliberately and intentionally inserted part of this into his speech on Thursday at the Prayer Breakfast attended by an estimated 3,000 evangelicals, he was sending a message: I am saved by the grace of God through faith.

Trump started off his speech by giving God the credit for His many blessings He has bestowed upon the American republic:

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Americans Expect Booming Economy to Continue, Says Conference Board

This article appeared online at TheNewAmerican.com on Wednesday, January 31, 2018: 

The Conference Board’s January survey of consumer confidence came in at 125.4, beating December’s number and outperforming predictions of economic forecasters. Additionally, December’s number had to be revised upward as the original index of 122.1 understated consumer confidence that month as well.

As a measure of the strength of the economy, the Conference Board, which has been conducting similar surveys since it was founded in 1916, established its “baseline” for its consumer confidence index at 100 in 1985. Put another way,

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“Trump’s” Stock Rally Best Since 1945

This article appeared online at TheNewAmerican.com on Wednesday, November 8, 2017: 

Before the market opened on the day after Donald Trump won the election a year ago, futures were predicting a precipitous drop in the Dow Jones Industrial Average of 900 points. By the close of business that day, sentiment reversed and the market closed up 250 points, to 18,500.

That was 5,000 points ago,

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OPEC Leaving Its Options “Open” as Production Cuts Fail to Raise Oil Prices

This article appeared online at TheNewAmerican.com on Friday, August 25, 2017:  

Even the subtitle was misleading: “JMMC Reports Positive Indications of Oil Market Rebalancing in Progress.” That is the subtitle of the report issued on Thursday by OPEC’s Joint Ministerial Monitoring Committee, the toothless enforcement arm of OPEC.

OPEC is down to its last option: verbiage. The JMMC reported that everything is rosy:

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Trump Takes Credit for Banner Jobs Report

This article appeared online at TheNewAmerican.com on Friday, August 4, 2017:  

Within 15 minutes of Friday morning’s release of the July jobs numbers by the Bureau of Labor Statistics (BLS), President Trump tweeted: “Excellent Jobs Numbers just released — and I have just begun. Many job stifling regulations continue to fall. Movement back to USA!”

He has good reason to cheer:

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Enjoying Record Low Gas Prices? Thank a Fracker!

This article appeared online at TheNewAmerican.com on Tuesday, June 27, 2017:  

On November 17, gas prices had dropped to $1.9...

Of the estimated 44 million Americans who will travel over the upcoming Independence Day holiday weekend (a record, by the way), 37.5 million of them will drive to their destinations. Along the way they will not only spend nearly a dollar a gallon less for gas than they have over the last 10 years on average, they will spend less on gas than any Independence Day since AAA has been keeping records. In addition, this will be the first time in nearly two decades that they will be spending less for gas in July than they did in January. On average over the last decade gas prices have been 47 cents a gallon higher on the Fourth of July than on New Year’s Day.

Consumers are always the ultimate beneficiaries of improved technologies, as producers are

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Stock Market’s Complacency Index Highest in 24 Years

This article appeared online at TheNewAmerican.com on Monday, May 8, 2017:  

Wall Street’s “complacency index” — a measure of confidence that stock prices will continue to rise — hit the highest level since 1993 on Monday. Alternatively called the VIX (for volatility index), it is often referred to as Wall Street’s “investor fear gauge.”

Translation: Investors presently appear to have no fear. The index compares investors betting, through their purchases of options, that the market will go up, to those betting to the contrary. When investor fear is high, the VIX will move above 30 or even higher. When fear declines, the VIX trades below 20. During the day on Monday the VIX touched 9.72, a level not seen in 24 years.

So complacent have investors become that the VIX has dropped by 45 percent just since April 13. By comparison,

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Growing Pension Crisis Looms Over Wall Street

This article appeared online at TheNewAmerican.com on Monday, March 27, 2017:

Logo of the United States Pension Benefit Guar...

Logo of the United States Pension Benefit Guaranty Corporation

The looming state and municipal pension plan crisis, estimated by Moody’s at $1.75 trillion just a few months ago, has now been adjusted upward to  $1.9 trillion. But that number, according to Bloomberg’s Danielle DiMartino Booth, greatly underestimates the level of underfunding. It’s more like $6 trillion “if the prevailing yields on Treasuries were used.”

Instead, most state and local pension plans use a much higher, more generous, and more deceptive assumed rate of return of between six and seven percent, with some still clinging to a “castles in the sky” eight percent. Those assumptions greatly reduce the pressure on plan sponsors to make proper contributions to fund those plans.

And, according to the investment firm GMO (Grantham, Mayo & van Otterloo),

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February Jobs Numbers Explode, Blowing Past Economists’ Expectations

This article appeared online at TheNewAmerican.com on Wednesday, March 8, 2017: 

.jobs -- Cut To The Chase

The ADP/Moody’s jobs report released on Wednesday showed job growth 50-percent ahead of Wall Street’s expectations: 298,000 jobs were created in February versus expectations of less than 200,000 by economists polled by the Wall Street Journal. The job growth was all across the spectrum, with construction and manufacturing sectors adding 106,000 new jobs.

The report, sponsored by ADP, a human resources management company with more than 400,000 business clients, and aided by Moody’s Analytics, was based on performance reported during the month to both entities. Mark Zandi, Moody’s chief economist, commented on the remarkable February numbers:

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Here’s What Those 500 Evangelical Pastors Actually Said

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 15, 2017:

The full-page ad that appeared last Wednesday in the Washington Post was paid for by World Relief, the humanitarian arm of the National Association of Evangelicals, and offered prayers and support by some 500 Christian leaders for President Donald Trump and Vice-President Mike Pence as they worked to craft an immigration policy:

We live in a dangerous world and affirm the crucial role of government in protecting us from harm and in setting the terms on refugee admissions….

 

As Christians, we are committed to praying for our elected officials. Our prayer is that God would grant [you and the Vice President] and all our leaders divine wisdom as they direct the course of our nation.

This is what Carol Kuruvilla, the Huffington Post’s Associate Religion Editor, thought it said:

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LOL Illinois: Corporate Group Works to Keep State From Becoming a Laughingstock

This article appeared online at TheNewAmerican.com on Wednesday, December 28, 2016:  

English: 1987 Illinois license plate

The name of the group LOL Illinois can taken two ways: Land of Lincoln, or Laughing Out Loud. As Scott Santi, chairman of Illinois Tool Works, which employs 48,000 workers around the world, noted:

There’s a crisis of confidence in terms of a plan to address some pretty significant structural problems in the state. It’s challenging for Illinois to be competitive given the uncertainty around the fiscal crisis.

“Crisis of confidence”? “Challenging”? “Uncertainty”? Illinois was headed into oblivion until Bruce Rauner, the first Republican governor in 12 years, faced reality.

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EIA’s Energy Forecast for 2017 Laced With “Uncertainty”

This article appeared online at TheNewAmerican.com on Wednesday, December 14, 2016:  

English: Logo of the U.S. Energy Information A...

The U.S. Energy Information Administration (EIA) was hesitant to forecast where oil and gasoline prices might be in 2017. It said in its Short Term Energy Outlook published last week: “The values of futures and options contracts indicate significant uncertainty in the price outlook.”

Indeed they do. With a 95-percent confidence level, the EIA says the price of oil next year could vary anywhere between

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Boomers Are Retiring, Draining Pension Plans

This article appeared online at TheNewAmerican.com on Monday, December 12, 2016:

Roosevelt Signs The : President Roosevelt sign...

President Roosevelt signs Social Security Act, at approximately 3:30 pm EST on 14 August 1935.

In a moment of surprising candor, Danielle DiMartino Booth, a former advisor to the Federal Reserve, said in a Real Vision TV interview on Saturday that “the Baby Boomers are no longer an actuarial theory. They’re a reality. The checks [from their retirement plans] are being written.”

For years commentators have repeatedly asserted that “when” the Baby Boomers (that generation born between 1946 and 1964) start to retire, they will start using up funds set aside in pension plans, putting those plans into crisis. According to Booth, that day has arrived.

She pointed to the crisis in Dallas that threatens to put the city into bankruptcy, and the report from Calpers (the California Public Employees Retirement System),

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Fewer Americans Trust Mainstream Media

This article appeared online at TheNewAmerican.com on Friday, December 2, 2016:  

English: The New York Times building in New Yo...

When Michael Goodwin, a 10-year veteran writer for the New York Times, saw the extent of the bias displayed by the Times in its coverage of the recent presidential election, and by the mainstream media in general, he called it “shameful”:

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Three Election Models Pick Trump to Win on Tuesday

English: Donald Trump at a press conference an...

This article appeared online at TheNewAmerican.com on Monday, November 7, 2016:  

Poll-watching junkies are having a field day. There is one poll or another publishing its results on an almost hourly basis. As this is being written on noon Sunday, for instance, Investors Business Daily (IBD), which touts its survey as “the most accurate poll in recent presidential elections,” has Donald Trump ahead of Hillary Clinton by one point. The USC Dornsife/Los Angeles Times’ “Daybreak” poll shows Trump ahead of Clinton by five points.

Nate Silver, in his FiveThirtyEight 2016 Election Forecast, has Clinton’s chance of winning at 64.7 percent versus Trump’s 35.3 percent. Silver predicts Clinton will win 48.4 percent of the popular vote (versus Trump’s 45.5 percent, which will give her 291 Electoral College votes to Trump’s 246.

In its running summary of other polls, Real Clear Politics shows Clinton up by 1.8 percent over Trump in the popular vote, while in the Electoral College it’s Clinton with 216 and Trump with 164, leaving 158 votes as “toss ups.”

There are at least two other prognosticators who don’t rely on polls at all, and they are predicting Trump will win on Tuesday. The first was explained by Tyler Durden at ZeroHedge back in January when he said that the stock market would predict November’s winner:

This relationship occurs because the stock market reflects the economic outlook in the weeks leading up to the election. A rising stock market indicates an improving economy, which means rising confidence and increases the chances of the incumbent party’s re-election.

 

Therefore, your time might be better spent from August through October watching the stock market rather than the debates if you want to know who will be President for the next four years.

Right on cue the stock market has declined nine days in a row (through last Friday), the first time that has happened since 1980. But more importantly is how it has behaved since Monday, August 1. The S&P 500 Index has declined by 4.5 percent which, according to Durden, translates into an 86 percent chance of Trump’s winning on Tuesday.

And then there’s the professor from Stony Brook University, Helmut Norpoth, and his “Primary Model”. Writes Norpoth on his website:

Winning early primaries is a major key for electoral victory in November. Trump won the Republican primaries in both New Hampshire and South Carolina, while Hillary Clinton and Bernie Sanders split the Democratic primaries in those states….

 

For the record the Primary Model … has correctly predicted the winner of the popular vote in all five presidential elections since it was introduced in 1996….

 

For elections from 1912 to 2012 the Primary Model [has retroactively picked] the winner … every time except in 1960.

 

Accordingly, Norpoth gives Trump an 87 percent chance of winning Tuesday’s election.

There’s also his “pendulum” model:

What favors the GOP in 2016 as well … is the cycle of presidential elections. After two terms of Democrat Barack Obama in the White House the electoral pendulum is poised to swing to the GOP this year….

 

Donald Trump is predicted to defeat Hillary Clinton by 52.5 percent to 47.5 percent.

In the “for what it’s worth” category, as this is being written, futures for Monday’s open are also turning negative. If the market closes down again on Monday, the 10th day in a row, it will only add validity to both Durden’s and Norpoth’s prediction: Trump will win on Tuesday.

Also, Professor Norpoth has such confidence in his models that he is using his own money to bet on Trump to win.

The S&P 500 is Picking Trump to Win

This article was published by The McAlvany Intelligence Advisor on Monday, November 7, 2016:

Back in January, Tyler Durden (a pseudonym), writing at ZeroHedge, said one would be far better off watching the markets than the debates if one wanted to know who the next president would be:

This relationship occurs because the stock market reflects the economic outlook in the weeks leading up to the election. A rising stock market indicates an improving economy, which means rising confidence and increases the chances of the incumbent party’s re-election.

 

Therefore, your time might be better spent from August through October watching the stock market rather than the debates if you want to know who will be President for the next four years.

Right on cue, the stock market has declined nine days in a row (through last Friday), the first time that has happened since 1980. But more importantly

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Mainstream Media’s Increasingly Blatant Liberal Bias May Backfire in Elections

This article appeared online at TheNewAmerican.com on Monday, September 19, 2016:  

FOX Business Network's Mix/Minus and IFB board

FOX Business Network’s Mix/Minus and IFB board

Just three days after Pew Research reported that nearly two-thirds of Americans think the news stories they read, hear, and watch are biased, along came Gallup with a similar conclusion.

Pew found that 63 percent of its respondents doubted the veracity and neutrality of the stories they get from the mainstream media, a full 10-percent decline just since 2007. Pew also reported that the mainstream media finds itself in increasing financial difficulty owing not only to increasing distrust by its readers but competition from Internet-based sources.

For instance, newspaper advertising dropped by

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2021 Bob Adelmann