Trading is the Only School to Learn Real Economics


QUESTION: I noticed that all the economists who are not academics are the people who actually discovered something. The academics always advocate for manipulating society like Keynes and Marx. Why is that?

PD

ANSWER: If you look at the first analyst to establish supply and demand, it was John Law. Even Adam Smith used his examples in “Wealth of Nations.” Adam Smith actually investigated his work to come up with his invisible hand. There was David Ricardo, who also made a fortune as a trader. Those are the three greats and NONE of them has a formal economics degree, which was first taught as a separate course in 1902 at Cambridge.

Those of us who come from the real world of trading, do not have the luxury to come up with Utopian theories that sound nice. Unless you have traded, you will never understand that the market is always right. If you do not listen to the market, you will lose everything.

A Working Man’s Message From Across The Pond….


Chris McGlade recites his 2018 poem “The Right To Hate”, from his hometown in the north of England.  A working man’s view of left-wing intolerance.

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President Trump Offers Assistance to Stop Mass Killing in Chicago – Letter to Governor and Mayor…


Chicago has been under Democrat political control for two generations.  The murder rate amid black communities is horrific.  No-one has done anything to stop the crime and violence and it continues to escalate.

Yesterday President Trump wrote a letter to Illinois Governor J.B. Pritzker and Chicago Mayor Lori Lightfoot offering assistance from his administration:

continued..

It is likely the offer will be rebuked; and predictably both the governor and mayor will instead ask President Trump to send them more money.

Money will not solve the problem.  Hundreds of people are being killed in/around the majority black communities in Chicago because the city and state officials allow hundreds of people to be killed in the community.

If the crimes and killing in the Chicago area were actually unacceptable to the leaders in the Chicago area, they would stop it.  Yes, it really is that simple.

That is the unfortunate reality.

President Trump and President Duda of Poland Joint Press Conference – 3:30pm Livestream


President Trump and President Andrzej Duda of the Republic of Poland are scheduled to hold a joint press conference today following their bilateral meetings. Both leaders have a warm personal friendship.  Anticipated start time 3:30pm ET.

UPDATE: Video Added

WH Livestream Link – Fox News Livestream Link – Alternate Livestream Link

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