Friday, April 6, 2018

The Daily Note

Well, these 69 days have been a bust -- the sixty-nine days following Trump's announcement of a trade war. Most of the world was exempt (EU, including Great Britain; Mexico; Canada; others; some mild restrictions on China that few can list; tariffs were supposed to go in after 90 days; apparently that 90-day notice has been extended. So, we close out this chapter and move on to the next chapter. 

May 8, 2018, T+69: wow, seriously?

May 7, 2018, T+68:



May 6, 2018, T+67: Scott Adams "loses it" on "live" periscope -- furious with others telling him who he can speak with. Fallout from Kanye West story.

May 5, 2018, T+66: Warren Buffett's annual love fest. Hard to believe but Charlie Munger is 94 years old.

May 4, 2018, T+65: Kerry exposed. Oh, that's right. The president's one night with Stormy.


May 3, 2018, T+64: TSLA plunges 5% after a most bizarre conference call in which Elon Musk essentially told analyst to f*** themselves.

May 2, 2018, T+63: Mueller wants to charge Trump for thinking "bad thoughts."

May 1, 2018, T+62: Trump extends exemptions on steel, aluminum tariffs. Not a bit unexpected. The tea leaves suggested he would do this.

April 30, 2018, T+61: Highlight of the day -- the art museum in Chicago.

April 29, 2018, T+60: Older daughter graduated with advanced degree from Rush University.

April 28, 2018, T+59: I was in Chicago for the weekend.

April 27, 2018, T+58: 1Q18 GDP, first reading, 2.3%. Mainstream media not impressed.

April 26, 2018, T+57: first time unemployment claims near a 50-year low; US trade deficit narrows for the first time in 7 months. Making America great again.

April 25, 2018, T+56: Scott Adams had great interview with Joel Pollak on Iran. Again, shows how "small" Chris "worried about spelling" Cuomo looks compared to a cartoonist. 

April 24, 2018, T+55: one of the reasons I enjoy reading so much, it puts current events into perspective. When reading The Opium Wars, W Travis Hanes III, c. 2002, I am reminded how incredibly small Chris Cuomo is and why Trump is a billionaire and president and Chris is not. While Chris Cuomo is focused on typing errors (which may not be "errors" in the first place), Trump is negotiating a denuclearized Korean peninsula. Stock market tanks, led by FANG. "Caravan" of Honduran immigrants at Southern Border. Great photo op. 

April 23, 2018, T+54: OMG. The Democrats are now tweeting displeasure that President Trump makes spelling errors. LOL. You have got to be kidding. 

April 22, 2018, T+53: mainstream (alt-left) media absolutely fascinated with Mar-A-Lago, the "Southern White House," and his golfing. The difference between Obama & golfing; and, Trump & golfing is this: it is in character for Trump and he's getting things done; golfing was out of character for Obama, and he didn't get anything done. Cognitive dissonance explains a lot of Trump Derangement Syndrome. 

April 21, 2018, T+52: quiet. 

April 20, 2018, T+51: North Korea announces that it will freeze all nuclear missile testing. Wow, wow, wow. And Trump will get no credit. One month ago, the North Korean nuclear story was the #1 security concern for the US. Now that Trump solved this problem, the alt-left response? Ho-hum. It gets tedious.

April 19, 2018, T+50: Trump says oil prices too high. [He's correct."

April 18, 2018, T+49: oil "surging" in price; approaching $69. Might hit $70. Saudi "hawk" wants to see $100 oil. Saudi needs $100+ oil to get Aramco valuation of $2 trillion for successful IPO.

April 17, 2018, T+48: market is off to another great start -- earnings season appears that it won't disappoint. On another note, I really thought Kudlow was smarter than this -- US ambassador to UN Haley is a rising star in the GOP. For an "old white male" to call her "momentarily confused" was an enormous mistake on the part of Kudlow. He is quickly wearing out his welcome, and he has not even been sworn in yet.

April 16, 2018, T+47: huge day for the market; led by Netflix.

April 15, 2018, T+46: quiet, so far.

April 14, 2018, T+45: Rachel Maddow, et al, appear not to have much of a problem with using chemical weapons on women and children. 

April 13, 2018, T+44: quiet. Until late in the evening. US, France, Great Britain launch missiles against Syria. Early reports suggest the missiles hit their targets. If so (we'll know later), then it means that Putin's' missile defense system was ineffective against US, French, and British missiles.

April 12, 2018, T+43: it looks like Trump is not a lot different than Obama when it comes to Syria. Another line in the (blowing) sand.

April 11, 2018, T+42: quiet. Trump giving the Russians time to clear out of Dodge (Syria) and get their a/c out of harm's way.

April 10, 2018, T+41: quiet. All day. Until this.
President Donald Trump’s homeland security adviser was abruptly forced out of his job Tuesday after months of internal frustration with his leadership and as the new national security adviser moved to establish power in the White House, according to people familiar with the matter.
The departure of Tom Bossert, who has advised Mr. Trump on cybersecurity and counterterrorism since the beginning of his administration, marked the latest exit from the Trump administration as the president reshapes his leadership team.
The surprise move was instigated by John Bolton, the former U.S. ambassador to the United Nations and ex-Fox News commentator who officially started this week as Mr. Trump’s new national security adviser, the people said.
April 9, 2018, T+40: quiet. Until later afternoon. Then all hell broke loose. Market drops 400 points in five minutes. News that the FBI had raided Trump's personal lawyer.

April 8, 2018, T+39: Patrick Reed wins his first major, Masters at Augusta.

April 7, 2018, T+38: think about this -- who is the bigger customer -- by about 100x? The US or China. How much "stuff" does China really import from the US? Not much -- especially if you agree that the trade imbalance is huge -- and it's in China's favor. Pretty funny.  America's big trading partners: Canada. Mexico. England. Europe. Japan. South America. Have we gotten to China yet? 

April 6, 2018, T+37: Cognitive dissonance: the alt-left is now defending China's on-going practice of intellectual theft. The alt-left is now defending China's unfair trade practices. 

April 5, 2018, T+36: China - US. Trump doubles down. 

April 4, 2018, T+35: China imports manufacturing, technology, energy, and intellectual property from the US; the US imports stuffed Christmas toys from China.

April 3, 2018, T+34: GM ends its monthly reporting of sales. This tells me GM sees bad news down the road. Scott Adams argues that it is now a done-deal that the southern wall will be built. President Trump says he will have the military protect the southern border from the "caravan." The military cannot afford to place a standing army along the border. The only cost-effective method is a wall. So, we'll see. Ah, yes, the trade war begins: the US considers tariffs on 1,300 Chinese products. The link is to a CNN news site, so you know it's fake news.

April 2, 2018, T+33: Chinese - US trade war starting to ramp up. Agricultural products? California? Pork? Iowa? Both states overwhelmingly anti-Trump. Probably just coincidental. Tesla shares plummet.

April 1, 2018, T+32: Elon Musk (Tesla) jokes on twitter. Trump says DACA is dead (see yesterday's note). China places 25% tariff on 128 US products.

March 31, 2018, T+31: "a thousand" Hondurans walking through Mexico to cross the US border.

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Fight's On: Let The Trade Wars Begin
Days 31 -- 69 -- this page
Days 1 - 31

The 38 Days Following The Schumer Shut-Down

The 2 Days of The Schumer Shut Down

The Last 65 Days of His First Term
Days 331 - 365
Days 301 - 330

The Trump Presidency (201 - 300)
The Third 100 Days
The Second 30 Days 
The First 30 Days

Between Election And Inauguration (1 - 100)
The Third 10 Days

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