Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

U.S. Presidential Primaries - That’s All I Can Stands, I Can’t Stands No More

ElectionOracle / US Presidential Election 2016 Feb 17, 2016 - 03:37 PM GMT

By: Raul_I_Meijer

ElectionOracle

A week after the New Hampshire Presidential Primaries, what lessons, if any, can we take from the dramatic victories of two outsider candidates? Former New Hampshire resident and occasional Automatic Earth contributor Nelson Lebo weighs in.

Note: Nelson writes below that “Trumpification is a clear and present danger” for writers like me “who rely on the best available data, statistics, facts”. But so far I find Trump mostly amusing, and an excellent indicator of what America has come to. And there’s little he can do to make representation of the facts in the media even worse than it is. Turns out, it didn’t take Trump to Trumpify the media. It might well be the other way around, that the Dumbification of the press paved the way for Da Donald. Here’s Nelson Lebo III:


Nelson Lebo: While I’ve lived in New Zealand for eight years, most of my adult life has been spent in New Hampshire, USA – the Granite State – where the official motto is “Live Free or Die.” It’s on the license plate. You don’t get more Libertarian than that.

The state’s unofficial motto is “First in the Nation,” which refers to hosting the first Presidential Primary once every four years (Iowa is not a primary!). First of the first – since 1964 – has been the tiny hamlet of Dixville Notch, whose citizens have embraced the tradition of casting their ballots just after midnight.

Of the nine eligible voters in Dixville Notch this year, five voted in the Republican Primary and four voted in the Democratic Primary. Counting the ballots took 30 seconds. John Kasich edged Donald Trump on the Republican side 3 to 2, but Bernie Sanders crushed Hillary Clinton in a 4 to 0 landslide.

In order to vote in the primary one must be a registered voter: either as a Democrat, Republican or Independent. Registered Democrats and Republicans can only vote in their party’s primary, but Independents may choose either. I lived in New Hampshire for 16 years, and over that time my primary votes got more and more ‘strategic.’ I have voted in both primaries. When I was young I always cast my ballot for ‘my candidate’ – voting with my heart – but as I got older my votes became increasingly strategic – voting with my head.

Left, right or centre, one thing we the people had in common last Tuesday was the rejection of so-called “establishment candidates.”

Voters are fed up with money in politics.
Voters are fed up with cronyism.
Voters do not want a coronation of another Clinton or Bush.

What shines as a beacon of hope for democracy from what Dr. Martin Luther King Jr. called “the prodigious hilltops of New Hampshire” is that no matter how much money and influence the powers-that-be throw behind their candidates, individual voters have the final say. I can’t say that tears came to my eyes when I heard the result, but it did notch up my wavering faith in humanity. Let freedom ring! Let freedom ring!

From this perspective, what happened on the Democratic side is nothing short of a Liberty Bell!

Consider:
o Every major NH newspaper endorsed Clinton.
o Every establishment NH Democrat politician endorsed Clinton.
o Sanders came from a 50-point projected deficit to win by over 20 percentage points: 60% to 38%.
o Sanders won every demographic – including 70% of women-under-30 – except for over-65s and households making over $200,000.

This result speaks volumes about the current and future generation and wealth gap not only in America, but also in New Zealand and worldwide. In other words, it is a snapshot of what we will see more and more often as Baby Boomers hold on to their wealth and status while Millennials are left holding the bag.

Many of us have seen this form of intergenerational tyranny coming down the tracks for some time. To me it is as simple as this:

In the older demographics, we have a generation or two in America and some other countries who got free university education, bought real estate when it was cheap, and enjoyed decades of cheap energy while destroying the planet’s climate system. Meanwhile in the younger demographics we have a generation or two that did not. Who does not see the imbalance?

Like many culture shifts, this one will move like an earthquake: in creeps and ruptures. The New Hampshire democratic result was a rupture and a week later the aftershocks are still being felt as the political circus moves on to South Carolina. If anything, the gift of “superdelegates” to Clinton will only increase the tectonic activity between voter demographics, as did the condescending and sexist comments from Madeleine Albright and Gloria Steinem.

The fact that feminist icon Steinem made one of the most sexist comments I have ever heard in an attempt to rationalise why young women support Sanders instead of Clinton shows the desperation of the wealthy, retired left. It appears that as the older and the wealthier and the whiter see their positions of wealth and privilege threatened, they fight and fight to maintain them. As the late Joe Strummer sang, “Now war is declared and battle come down” (London Calling, 1979).

Consider:
o Among democratic voters in NH the #1 issue was income inequality.

Without doubt, Sanders is the income inequality candidate and Clinton is not. I find it troubling that Hillary was paid reported speaking fees of $600,000 (US) by mega investment bank Goldman Sachs, but refuses to release what she spoke about. Goldman Sachs was at the eye of the financial hurricane that started in 2008 and has only grown richer and more powerful since. I seem to recall Clinton saying during a recent debate something along the lines of, “Of course Goldman doesn’t expect anything in return.” Right…

On the Republican side, NH had its largest turnout ever. Here is my favourite headline: “After running xenophobic & racist campaign, Donald Trump wins easily in New Hampshire.”

I have written about the Trump phenomenon in the past, most recently naming him my Person-of-the-Year for 2015:

Donald Trump is my Person of the Year. Who else has made a bigger splash in 2015?

Pundits say he plays on anxieties that exist among a certain voter demographic. He appears fearless in his attacks on political correctness. Bombastic is a term we hear to describe him.

But I say his most significant accomplishment has been in mastering a communication technique and ideology that has grown to achieve a critical mass of cultural significance: the double down. This is not to be confused with KFC’s Double Down – a beef burger between two pieces of fried chicken breast with cheese and bacon.

Doubling down takes many forms. It can mean making a false statement, and instead of admitting the mistake, vehemently insisting on the ‘truthiness’ of the statement in the first place. Alternatively, it might mean coming up with bad policy and then working tirelessly to try to justify it. It may be throwing good money after bad. In Trump’s case, it also means making outrageous or controversial statements and refusing to backtrack.

Doubling down means never having to say you’re sorry.

Trump is my Person of the Year not because he invented the double down or that he is the only person that does it, but because he has given it a living, breathing form. He is a meme with a comb-over and a personal jet.

Trump’s political success relies on the fact that many people only accept information that fits their existing worldview. Facts don’t matter. Research doesn’t matter. Trained experts don’t matter. As Ray Davies sang in 1981, “Give the people what they want.”

The Trumpification of Western society has reached its watershed moment. It marks the end of apology.

For writers like me and Ilargi and Nicole – who rely on the best available data, statistics, facts and sound research to build a case – Trumpification is a clear and present danger.

Like Sanders, Trump speaks to the economic angst many Americans feel. While both men have a populist message, they appeal to vastly different demographic sub-cultures. The irony of course is that a billionaire businessman has convinced thousands of minimum wage Joe Blogs that he will look after their interests. Right…

When I lived in New Hampshire I remember driving the back roads and seeing run-down, crappy mobile homes in the middle of nowhere with Republican lawn signs out front – Bush, Dole, Romney, McCain – and wondering why these people actively vote against their own economic interests.

Alongside Clinton, the biggest establishment candidate on the ticket was Jeb Bush, whose advertising budget in the state meant that at the end of the day his campaign spent $1,086 (US) per vote. He finished fourth, barely ahead of Marco Rubio.

The takeaway message from New Hampshire is powerful but not new. Voters in Greece have rejected establishment parties – twice. Voters in Portugal recently rejected the establishment. Voters in Iceland did so years ago and their nation is now thriving.

So what’s behind all of this rejection? I reckon it’s because you can only push people so far. As Popeye the Sailor is famous for saying, “That’s all I can stands, I can’t stands no more.”

While Trump is a classic Bluto character – large, loud and aggressive – Sanders retains a classic Popeye attribute that has endeared him to an increasing number of voters: “I yam what I yam and that’s all that I yam.”

Trustworthiness and integrity were the number one characteristic New Hampshire Democratic Primary voters were looking for in a candidate. From this perspective there can be no doubt about last week’s overwhelming result.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)© 2016 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Raul Ilargi Meijer Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules