Climate and Other Problems.

- President Trump calls "Climate Change" a hoax. He believes if you look out the window, you will get     all the info that you need about the weather.

- Sebastian

JFL..

...believes that the environmentalst have overreacted. Even though he supports the Sierra Club, he does not agree with all their views. We need to cut trees to thin the threat of wildfires. Logging provides job. Trees lower the cost of housing, furniture and energy. It is renewable. In climate, setting a goal like alternative energy is a plus. A complete cutback on fossil fuel is stupid and disruptive to both society and a nation's economy. These zionists for climate need to study their Greek. A transition period is needed for change. With that said, Brazil hosts a summit that began on Monday for climate change.

COP 30

The French with their Paris Accord get a lot of credit. Europe has carried the ball. The Scandinavian countries stand out, especially in supporting funds for better technology in oil to capture CO2. Brazil deserves a lot of recognition for their bond that supports forests. We see positive results throughout the world like solar rooftops in Poland, electric vehicles in Asia, newer style nuclear reactors in China, solar farms in Columbia and SW America as well as Germany, a cold weather nation getting 15% of its energy from alternative sources. Congrats to all. With that said, we do not see any new pluses from the latest summit in Brazil. How can it? The two largest populations boycotted and the two largest economies also boycotted it. Neverthelees, we wish them well.

Meanwhile...

...for some unknown reason, King $Dollar is in an uptrend. We see resistance at $101, but the rise counters all common sense. The Federal Reserve is cutting rates which lowers the dollar's appeal. In addition, the Fed has quietly resumed QE. This increases our debt and basically, resumes the playbook cycle of debt and money printing. The BRICKS are still out there with there opposition to the dollar in global trading. Our government is not functioning and debt for the current year will add another $1.7 trillion to the already mind blowing $38 trillion on the books.The Shiller CAPE ration is at highs and he said that he sees a decline in the S&P 500 for the next ten years. He is not alone.

Economist EJ Antoni

Ever hear of him? He was once a shoe-in for the Bureau of Labor Statistics (BLS). His problem is that he has a conscience. He tells it like it is. He will not be appointed during President Trump's administration. He says, "Since 2022, the BLS has used flawed models which hides weakness in the economy." He believes concumers are "tapped out." He feels the Federal Reserve is caught between a rock and a hard place. They never reached their 2% inflation target and now, they have begun lowering rates. He adds, "The US government with all its overspending, is the root cause of our economic problems and a debt reckoning is coming." Ray Dalio, the billionaire investor agrees. And yet, the dollar is getting stronger. Go figure? Peace.