13 Dec

Posted at 07:16h in General, Society

America no longer is a Nation of Immigrants as JFK wrote more than 60 years ago.  It’s instead a Nation of Cults. A cult is a group defined by its religious, spiritual, philosophical, racial, political and/or conspiratorial beliefs … or by a fanatical fervent attachment by...

22 Nov

Posted at 07:23h in General, Politics, Society

A political party, that is. The U.S. has only two …, right?  Although … maybe not …. There are currently two nationally-organized political parties:  the Republican Party; and the Democratic Party.  They have been the only parties-in-power in America for over 150 years.  They have denoted America’s...

15 Nov

Posted at 07:42h in Business, Economics, General, Society

The obverse of “Rational Exuberance” is “Irrational Exuberance,” a phrase popularized in December 1996 by then-Federal Reserve Chairman Alan Greenspan when he warned investors that unjustified internet optimism had crept into stock market valuations.  As a consequence, he warned, soaring valuation assumptions based on rosy...

08 Nov

Posted at 07:40h in General, Politics, Society

Assume that the media is correct and Joe Biden has won America’s Presidential election and will be inaugurated as America’s 46th President on January 20th.  If so, he would owe his relatively narrow victory to heavy voter turnout among three disparate constituencies:  traditional Democratic Party...