August 9, 2017
NOTICE: Before buying any bond or stock, check out Core Portfolio to see CURRENT positions.
The dollar UUP a barometer of the economy went up 9% after the election. It has now plunged 10%. Don’t believe all the bullcrap about the economy being so great. Of course the stock market likes this as it helps overseas sales but hurts us here.
We have yet another positive review of a Core Portfolio: this one on American Tower. The bonds are now priced too high for purchase and we continue to hold for the dividends. Link
AMT’s foundation is defined by the high quality, comprehensive U.S. portfolio, which is expected to generate significant organic growth for a number of years to come. The REIT also has an international portfolio of nearly three times the size of its U.S. footprint, including key strategic markets like India, Brazil, Mexico, and Nigeria, that the company expects to provide a turbo charger to the U.S. growth. Together, domestic and international operations form a global presence that is unmatched.
Can you believe we still have 41 MILLION people on food stamps?
More than 1.1 million Americans dropped off the food stamp rolls since President Trump took office in January 2017, according to the latest U.S. Department of Agriculture (USDA) statistics on food stamp enrollment.
Participation in the Supplemental Nutrition Assistance Program (SNAP) dropped to 41,496,255 in May 2017, the most recent data available from the USDA, from 42,691,363 in January 2017 when Trump took office.
According to the latest data, SNAP enrollment during the first few months of Trump’s presidency decreased by 2.79 percent.
Food stamp participation on average in 2017 has dropped to its lowest level since 2010, and the latest numbers show that this trend is continuing.
Trump’s crackdown on illegal immigration has also prompted many immigrants, both legal and illegal, to cancel their food stamps over concerns that they might be denied citizenship or deported.
Federal lawmakers are also working on legislation that would seek to expand food stamp work requirements and put time limits on how long those enrolled in the food stamp program can receive benefits.
“You know, if you look back eight years ago, the Democrats actually had a majority of the governorships, but under President Obama, they got wiped out, and the absence of a bench makes it all the more difficult to find the right candidate who can win in those states.”
Host Joe Scarborough insisted on putting up the numbers of the Democratic party’s losses in the 2010 and 2014 midterm elections to hammer the point home.
“There were two just massive Republican years: 76 house seats lost, 13 senate seats, as we’ve been saying, Steve Radner. also, the governorships are at an all-time low, tied with 1922. Dan is exactly right,” Scarborough concluded. “Their bench has been absolutely decimated.”