Monday, February 27, 2017

Circus Clownius: The Last Emperor

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist."
-President Dwight Eisenhower, 1961


It's always the cowards who have something to prove...

The deferment was one of five Mr. Trump received during Vietnam. The others were for education.

Trump just hammered the end-of-cycle recession trade by announcing his proposed defense budget increase. Defense stocks now have to be sold, since the defense increase is now known to every moron on the planet. Instead of just Goldman Sachs...

And they were having such a good end-of-cycle run too:

Republican President Donald Trump will seek to boost Pentagon spending by $54 billion in his first budget proposal and cut the same amount from non-defense spending, including a large reduction in foreign aid

Washington Post:
In a Kaiser Family Foundation study published in early 2015, the average respondent thought that 26 percent of the federal budget went to foreign aid. More than half of the respondents thought the United States was spending too much on foreign aid.

Of the $50 billion, $18 billion is humanitarian aid, which is .4% of the Federal budget...

"We can't get $54 billion from foreign aid"
"They're illiterate, they won't know. We'll raid the next generation as usual"

Assuming that the clown in chief can't actually find the money in other departments, since he took entitlements off the table, and of course defense, then this is what the budget deficit looks like:

As we see, along with cigarettes, diapers, junk food, and a hodge podge of other high payers, defense is the #1 recession trade:

The dividend yield fund: