Monthly Archives: March 2019

Mar 14 2019

President Trump Issues Emergency Order Grounding Boeing 737 Max 8,9, Aircraft…


Re-Posted from The Conservative tree house on March 13, 2019 by 

Following two similar plane crashes in Indonesia (Oct ’18) and Ethiopia (March ’19) President Trump has issued an emergency order grounding a specific Boeing 737 airliner.  The “Max 8” and “Max 9” models are being grounded out of an abundance of caution while U.S. and international authorities await the findings from crash investigation.

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WASHINGTON (AP) — The U.S. is issuing an emergency order Wednesday grounding all Boeing 737 Max 8 and Max 9 aircraft “effective immediately,” in the wake of the crash of an Ethiopian Airliner that killed 157 people, President Donald Trump said.

“All of those planes are grounded, effective immediately,” Trump said during a scheduled briefing on border security.

Trump said any airplane currently in the air will go to its destination and then be grounded. He added all airlines and affected pilots had been notified.

Trump said the safety of the American people is of “paramount concern,” and added that the FAA would soon put out a statement on the action.

Trump said the decision to ground the aircraft “didn’t have to be made, but we thought it was the right decision.”

The president insisted the announcement was coordinated with aviation officials in Canada, U.S. carriers and aircraft manufacturer Boeing.

“Boeing is an incredible company,” Trump said. “They are working very, very hard right now and hopefully they’ll quickly come up with an answer.” (AP Report Link)

Prior to this decision, it appeared that Boeing was concerned about a specific element to flight software – SEE HERE:

BOEING – March 11, 2018 […] For the past several months and in the aftermath of Lion Air Flight 610, Boeing has been developing a flight control software enhancement for the 737 MAX, designed to make an already safe aircraft even safer. This includes updates to the Maneuvering Characteristics Augmentation System (MCAS) flight control law, pilot displays, operation manuals and crew training. The enhanced flight control law incorporates angle of attack (AOA) inputs, limits stabilizer trim commands in response to an erroneous angle of attack reading, and provides a limit to the stabilizer command in order to retain elevator authority.

Boeing has been working closely with the Federal Aviation Administration (FAA) on development, planning and certification of the software enhancement, and it will be deployed across the 737 MAX fleet in the coming weeks. The update also incorporates feedback received from our customers.

The FAA says it anticipates mandating this software enhancement with an Airworthiness Directive (AD) no later than April. We have worked with the FAA in development of this software enhancement.

[…] A pitch augmentation control law (MCAS) was implemented on the 737 MAX to improve aircraft handling characteristics and decrease pitch-up tendency at elevated angles of attack. It was put through flight testing as part of the certification process prior to the airplane entering service. MCAS does not control the airplane in normal flight; it improves the behavior of the airplane in a non-normal part of the operating envelope. (read more)

Current Boeing Press Release:

(LINK)

Mar 14 2019

India v Pakistan & the 2019/2020 Turning Point


Armstrong Economics Blog/India

Re-Posted Mar 14, 2019 by Martin Armstrong

The last time that Indian and Pakistan were at war was back in 1971. Our War Model turned up in 1964 and indeed it marked the beginning of the US Vietnam War. In reality, the separation or the partition of India took place in 1947 based upon religion. The British created two independent dominions, India and Pakistan. India became the Republic of India in 1950, and in 1957 the Dominion of Pakistan became the Islamic Republic of Pakistan. In 1971, the People’s Republic of Bangladesh came into being. On March 25, 1971, there was also the Bangladesh War of Independence against Pakistan. Bangladesh was a Sunni Muslim state as was the case with Pakistan.  The partition involved the division of three provinces — Assam, Bengal, and Punjab — based on separating Hindus from Muslim majorities.

Ironically, here we are at the 72-year mark from 1947 which equals 2019. This is PRECISELY on target for a confrontation. Back in 1971, neither side possessed nuclear weapons as both do today. Indian warplanes began bombing inside Pakistan’s on February 26, which was really the culmination of the most serious confrontation South Asia has seen in a long time.

The origins of India’s air raid can be traced to a suicide bombing on February 14th in the Pulwama district of the state of Jammu & Kashmir that killed 40 Indian policemen. That was by far the deadliest attack and the worst jihadist assault to date. Prime Minister Narendra Modi faces reelection. The Hindu hardliners argue he has been weak and thus the attacks are clearly because of the upcoming elections. Then there are those who believe his attempt to modernize India to bring jobs to his countrymen has also failed. Modi is in a place where personal power depends upon him appearing strong. Unfortunately, this is precisely on target for 2019 after 72 years.

Even the volatility model of the Economic Confidence Model component is 6 years. Where the 8.6-year wave builds into waves of 51.6 years, due to turn in January 2020, the major volatility wave coincides here as well — 72 years from 1947. It was also 1947 when the International Monetary Fund began. It was also 1947 when the Marshall Plan came into force.

Ironically, 2019-2020 is a very formidable turning point both in conflicts and war/civil unre

Mar 14 2019

When is Forecasting Not Forecasting?


Armstrong Economics Blog/Understanding Cycles

Re-Posted Mar 14, 2019 by Martin Armstrong

QUESTION: There are a number of people who claim to have called the 2008 crash. What I find absent is that there is no one who brags on calling the rallies and crashes as you have and I have witnessed from going to your WECs since 1985. I still remember you in 1985 standing up and showing us all the projections of so many economic indicators all point to the moon for the next 51.6 years. Your call on the Dow going from 1,000 to 6,000 was an eye-opener back then and to watch it unfold was unbelievable. Then at the bottom in 2009 you called for new record highs. I read Barrons even wrote on that as if it was just a foolish comment. That happened exactly the same way when you stood up at the 1987 WEC and said the same thing.

My question is this. I recently read where a value investor from Boston claimed that the stock market would produce 2% to 3% for the next 20 years not 6% to 8%. He claimed to have called the 2000 and 2008 crash. Why do these people only claim to forecast the crash and not the rally?

Your life long subscriber who has grown old with you in this journey for knowledge as you put it.

PG

ANSWER: Good to hear from you. Yes, it has been a long time. I believe your answer lies in the fact that so many analysts are focused on 1929 and constantly view the market in that light. Even Germany and its austerity policy that has devastated Europe is fixed on the hyperinflation of the 1920s. In both cases, they failed to ever do the research to comprehend the real reasons behind the events of the 1920s and 1930s. So you will always find people claiming to predict every crash. There is an absence of those who forecast rallies. This is the result of the very same reason. They are all focused only on the events of 1929. You even have the Goldbugs constantly telling people everything will collapse and only gold will rally based upon their understanding of the 1930s which again is completely wrong.

If you are going to forecast any market, you have to be UNBIASED and willing to forecast the rally and the decline or else it is not forecasting. All the pretend gold analysts who only constantly forecast rising prices are really preaching, not forecasting, and they typically have skin in the game and will never say down when they own gold or mining stakes. When I was called by the Brady Commission for the Crash of 1987, the investigation showed that the theory that computer trading caused the crash was proven wrong because most people did not follow the computers and unplugged them because they did not believe in them.

 

All you have to do is look at our Energy Models. They track the strength and weakness of a market and show you when the energy in a market is declining even though you may not see that in a chart pattern. Likewise, the energy was immediately making new record highs coming out of the major low.

You must also understand that the press needs content. They have their stable of people to put on and they prefer to show a consistent prediction. They do not want to put me on the air as I contradict everything they are putting out there. This immediate rally has been the most hated bull market in history. Every high there was someone forecasting the crash of all time. Even Goldman Sachs told everyone to sell 2019. Granted, at the Orlando WEC I stood up and said the market would make a correction and we should drop to retest the Monthly Bearish. We dropped to 21712 when the target was 21600.

But we have to look at this UNBIASED from every angle. You cannot forecast from a personal opinion perspective. I find it really funny when someone tries to argue against me and offers some logical fundamental, reducing everything to a single cause and effect. They fail to understand I am NOTmaking forecasts on what I “think” or my “opinion” personally I have been wrong and the model proves to always win if I dared to try to compete.

I suppose when you are always forecasting every high as the big one, then you can claim to call the crash. But nobody asks how many highs before then did they say the same thing. Markets are like the two sides to a coin. If you cannot forecast the rally and the decline, then you are not really forecasting

Mar 13 2019

50 to 1 Project – Marc Morano Interview


Published on Aug 29, 2013

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http://www.50to1.net – Topher interviews Marc Morano, accused ‘criminal against humanity’ and alleged ‘central cell of the climate denial machine’ and gets an insiders look into the politics and collateral damage caused by clumsy political responses to fears about climate change.

 

 

Mar 13 2019

Lord Christopher Monckton – The Economics Behind Windmills


Published on Feb 5, 2018

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Lord Christopher Monckton joins us on stage for a quick talk to discuss the economics behind windmills and the problems behind them.

 

Mar 13 2019

Jordan Peterson tells you why Social Scientists are terrified of factor analysis


Published on Aug 23, 2017

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What controls my choices? Why do I do what I do? In this lecture, he begins discussing the development of modern trait theory. Psychologists, expert in measurement and statistics, discovered extroversion, neuroticism, agreeableness, conscientiousness and openness to experience, and began the process of delineating their social significance and biological underpinnings.. Do you want to support his channel? Please go to his website located in the link below:
Mar 13 2019

Justice Democrats


Justice Democrats is an American progressive political action committee[3][4] founded on January 23, 2017, by Kyle Kulinski of Secular Talk, Cenk Uygur of The Young Turks, and former leadership from the 2016 Bernie Sanders presidential campaign. Uygur and Kulinski are no longer affiliated with the group. Alexandra Rojas became executive director of the organization in May 2018. The organization formed as a result of the 2016 United States presidential election and has a stated goal of reforming the Democratic Party by running “a unified campaign to replace every corporate-backed member of Congress” and rebuild the Democratic Party from “scratch” starting in the 2018 congressional midterm elections.[5][6]

Justice Democrats describes its views as being held by most Americans, but deemed “politically impossible” by the current political establishment because of systemic political corruption.[7][8] Members of the Justice Democrats comment that as all campaigns need donations and that candidates who hold policies viewed as unfavorable by corporate interests and wealthy individuals will be denied funding by corporations. Therefore the system actually ends up forcing politicians to change their policies to suit the current business environment.[9][10]

In the 2018 elections, 26 of the 79 candidates endorsed by Justice Democrats won their respective primary elections. Seven of these candidates won in the general election: Raúl Grijalva, Ro Khanna, Ayanna Pressley, Rashida Tlaib, Ilhan Omar, Alexandria Ocasio-Cortez, and Pramila Jayapal. Districts won ranged from D+13 to D+34 on the Cook PVI, meaning solid Democrat. No swing districts were won, though Kara Eastman and Ammar Campa-Najjar came close in their respective races.

Mar 13 2019

The Brains Behind AOC Alexandria Ocasio-Cortez


Published on Mar 8, 2019

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DONATE Patreon: https://www.patreon.com/mrreagan Subscribstar: https://www.subscribestar.com/mrreagan Paypal: http://paypal.me/mrreagan BitCoin: 3Nabe9EY99ZhFke3HEANKe3uBMwZZqPm1w ———————————————–
Mar 13 2019

AOC Research Staff Fail – Ocasio-Cortez Embarrasses Herself During Finance Committee Hearing…


Re-Posted from The Conservative Tree House on March 12, 2019 by 

Jumpin’ ju-ju bones. I’ve seen people say that Ms. Alexandria Ocasio-Cortez is a hired actor without any cognitive intellect, and needs a script to avoid embarrassing herself…  I thought those claims were overstated, until now.

Ms. AOC uses a set of talking points during a Finance Committee hearing to question the CEO of Wells Fargo Bank.  The outcome is, well, rather stunning.  The whole segment is just goofy.  In the final question, reduced by poor research to framing a hypothetical, she asks: why the bank isn’t responsible for a pipeline clean-up they finance.  WATCH:

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Should the bank who holds your mortgage be responsible for cleaning your kitchen after a grease fire?

Should the lender of your auto-loan be responsible for rotating your car tires?

If an elephant walks through your front yard, how many pancakes does it take to fill a canoe?