Uncategorized

Wayne Root, Candace OwensBy Wayne Allyn Root My last column was about “BLEXIT” and “JEXIT.” Those are the two movements by Candace Owens and myself to get blacks and Jews to leave the Democrat Party and support President Trump.This is “Blacks and Jews for Trump- Part Duex.” Thursday night I was honored to serve as host and Master of Ceremonies for “An Evening with Candace Owens” in Las Vegas. It was an honor to introduce the creator of “BLEXIT.” It was wild to have BLEXIT and JEXIT on stage at the same time. And afterwards what a surprise. Las Vegas GOP Councilman Stavros Anthony jumped on stage to announce two proclamations declaring July 18th “Wayne Root Day” and “Candace Owens Day” in the city of Las Vegas. As Don King would say, “Only in America!”Meanwhile, last week was another great week for President Trump. That must be why the Trump-hating national media has turned a common sense … [Read more...] about WAYNE ALLYN ROOT: JEWS AND BLACKS FOR TRUMP

JUST OVER a decade ago, in an obscure corner of the economy, there was an early warning sign that Britain was about to fall into recession. Months before the downturn had been confirmed, the maker of Dulux paints reported that sales of its decorative range were down. Faced with global economic uncertainty and a weakening labour market, Britons were cutting back on refurbishment. At the same time, lower demand for new houses meant that builders needed fewer materials. What was first seen in the market for paints eventually spread to other parts of the property sector—and from there to the rest of the economy. Over a fifth of Britain’s building firms ultimately went under. Surveyors, estate agents and solicitors suffered. In all, falling housing investment accounted for a quarter of the drop in GDP in 2008-09. It played an even bigger role in the recessions of 1975, 1980-81 and 1990-91. So it is ominous that the housing market is again looking weak. In the past two years real … [Read more...] about Wobbles in Britain’s housing market may augur something worse

THE EUROPEAN CENTRAL BANK’S firepower is sadly depleted. The interest rate on the reserves that banks hold with it is sub-zero; its quantitative-easing (QE) scheme has hoovered up assets worth €2.6trn ($2.9trn)—equivalent to over a fifth of the euro area’s GDP. Even so, in June Mario Draghi, the bank’s boss, promised further stimulus if the economy does not buck up. Statistics published since then suggest little recovery. Cue much speculation about another attempt to revive growth. Many expect an announcement at the bank’s meeting in September, along with updated economic forecasts. But its next gathering on July 25th could still surprise, or at least lay the groundwork for stimulus. With individual instruments nearing limits, it is expected to deploy a combination. Of late its weapon of choice has been guidance on the path of interest rates. It has promised to keep rates steady for longer, at least until mid-2020. But markets expect rates not merely … [Read more...] about Many think the European Central Bank will cut rates soon

EVERY MORNING, from a room in Birmingham, some of the world’s largest firms are briefed by phone on the weather in store. As continents, arrows and weather fronts flicker across their screens, meteorologists at The Weather Company (TWC) help British grocers decide whether to stock soups or salads, and Chinese energy firms when to operate wind turbines. Yet such sessions are getting rarer. Computed by 172 models crunching 400 terabytes of data—33 times the amount Twitter stores every 24 hours—most of TWC’S 25bn daily forecasts now feed directly into customers’ computer systems. Big data has turned weather into a big business. TWC, which was bought by IBM in 2016, serves governments, media channels and 40% of the world’s airlines. But many property insurers, whose fortunes rely on forecasting climate-induced losses, are still learning how to use the information, says Leon Brown of TWC. Their cluelessness is symptomatic of a problem for all insurance … [Read more...] about The future of insurance is happening without insurance firms

IN THE WEE hours of June 24th 2016 the pound plunged. The unexpected victory of the Leave campaign in the Brexit referendum meant sterling lost 7% in a single day. Three years later the pound is falling once again. It is now at a two-year low, having fallen by 5% against the dollar since April—and 1% in the past month, the worst performance of any big currency (see chart). Many Britons ascribe any movement in the pound to the twists and turns of the Brexit saga. The cause of its recent slide is, however, more complicated. Sterling has been weaker since the referendum because the prospect of Brexit has led economists to cut their forecasts for economic growth. It reached a low in October 2016 when Theresa May, the prime minister, promised a “hard” Brexit. Yet it appreciated fairly steadily in 2017 and 2018. This was in part because the economy was surprisingly strong. GDP grew only slightly more slowly in 2016-18 than before the referendum. Unemployment fell to … [Read more...] about The pound’s slide is about more than Brexit