Happy Friday the 13th in 2020, On this day in history, Wednesday, November 11th 1953, Indiana Textbook Commission member charges that Robin Hood is communist. In an example of the lengths to which the “Red Scare” in America is going, Mrs. Thomas J. White of the Indiana Textbook Commission calls for the removal of references to the […]
On this day in history, November 06, 1860 – Abraham Lincoln is elected the 16th president of the United States over a deeply divided Democratic Party, becoming the first Republican to win the presidency. Lincoln received only 40 percent of the popular vote but handily defeated the three other candidates: Southern Democrat John C. Breckinridge, […]
Since I whined about performance on 08/25/20, I’ve had a pleasant bout of outperformance. In early September I had nearly hedged out all of my long exposure. I ended September with a 4.75% return, compared with -3.92% for the Standard & Poor 500. While I am happy I stuck to my guns, I think the […]
On this day in history, October 23rd 1981, the US National debt officially hits $1T. Remember when that used to be a lot of money? Today in history, the yield curve is back to the highest level since late March: Economic Data Today: News of the Day: Stocks rally, Treasury yields hit highs on […]
On this day in History, October 9, 1967, socialist revolutionary and guerilla leader Che Guevara, age 39, is killed by the Bolivian army. The U.S.-military-backed Bolivian forces captured Guevara on October 8 while battling his band of guerillas in Bolivia and executed him the following day. His hands were cut off as proof of death […]
On this day in History, October 2, 1950, The comic strip Peanuts, by Charles M. Schultz, makes its first appearance in newspapers. Nine years later, October 2, 1959, the groundbreaking TV series The Twilight Zone, premiers on CBS. Coincidence? Economic Data Today: News of the Day: There’s no news today. Other News & Blogs: […]
On this day in History, September 18th, 1973 – Jimmy Carter files report on UFO sighting. Future President Jimmy Carter files a report with the National Investigations Committee on Aerial Phenomena (NICAP) on September 18, 1973, claiming he had seen an Unidentified Flying Object (UFO) in October 1969. During the presidential campaign of 1976, Democratic […]
On this Day in History: September 11, 2001 attacks, also called 9/11 attacks, series of airline hijackings and suicide attacks committed in 2001 by 19 militants associated with the Islamic extremist group al-Qaeda against targets in the United States, the deadliest terrorist attacks on American soil in U.S. history. The attacks against New York City […]
On this Day in History: September 4, 2002, Kelly Clarkson, a 20-year-old cocktail waitress from Texas, wins the first season of American Idol in a live television broadcast from Hollywood’s Kodak Theater. Who would have guessed Kodak would still be big in 2020? Economic Data Today: News of the Day: Stock Losses Accelerate, Led […]
On this Day in History: August 28th, 1963, Martin Luther King, Jr. delivers “I Have a Dream” speech at the March on Washington, and things actually haven’t been the same since. Economic Data Today: News of the Day: Fed’s New Plan to Lift Inflation Faces Skepticism – https://www.bloomberg.com/news/articles/2020-08-28/fed-s-jackson-hole-reboot-to-lift-inflation-faces-skepticism?srnd=economics-vp (buy bitcoin) U.S. consumer spending rises […]
