About
This site will discuss and challenge the conventional political wisdom and examine the ramifications for the political institutions that were ruptured by the 2016 election. The likely ideological direction of both political parties will be discussed as well as the future of traditional conservatism. The silliness unleashed by political correctness run amok will be exposed and ridiculed mercilessly.
As I argued in my book, The Mainstream Media-Democratic Party-Complex, political journalists and the Democratic Party have merged into one unified entity. All commentary on the mainstream media will acknowledge this irrefutable fact.
At one time, the study of economics and politics went hand in hand. The earliest economists, such as Adam Smith were primarily moral/political philosophers who understood the inextricably nexus between the economic and political spheres. Commentary on this site will aim to rejoin the economic and financial with the political, rather than viewing the topics as separate and distinct.
Much of the thinking that occurs on Wall Street similarly suffers from the same predilection for group-think that makes current political analysis so intellectually shallow and rote. Much of what passes as “analysis” is nothing more than following the consensus thinking. This site will provide articles on the market, written often from the perspective that challenges the conventional thinking on the Street.
As the second decade of the 21st century approaches, the valuations the market assigns to large corporations that are forming the new economy will raise issues of first impression that our political/economic institutions are currently ill-equipped to handle. Financial news is important for an understanding of how the structure of the economy is undergoing profound change.
Going forward, the financial markets are going to impact the political and economic realm in ways not seen before. As Barron’s columnist Randall W. Forsyth noted, “Markets make the news and not the other way around.” The stock market often functions as a reliable bellwether for portending economic trends.
Stock prices today have a greater impact on consumer sentiment, spending, the likely direction of the economy, federal reserve interest rate policy and politics than it ever did in previous decades.
More people own stocks, either directly, or indirectly through their 401(k) plans or IRA accounts than at any other time the nation’s history. A significant portion of many American’s wealth is market-dependent. In short, the stock market matters and that is why this site will aim to provide informative and enlightening commentary and perspective on individual companies, as well as the market as a whole.
Topics discussed, will address how the unfettered, meteoric rise of the tech behemoths will prompt regulatory action that will have ramifications for many large social media companies. Whether these tech stocks continue to exert disproportionate control over the direction of the market, could potentially be a good barometer of whether the country is destined to evolve into an oligarchy.
Facebook and Google in particular, will face increasing scrutiny that will adversely impact their shareholders. Commentary will focus on the increasing influence these Leviathans exert over our daily lives and the political issues raised by the exercise of such untrammeled power.
John Kinsellagh is a freelance writer, former financial advisor and attorney specializing in civil litigation and securities law. He completed the Boston Security Analysts’ Society course on “Investment Analysis and Portfolio Management.”
He served as an arbitrator for FINRA for over 25 years resolving disputes within the financial services industry. In addition to political commentary, Kinsellagh writes primarily on financial markets, as well as legal and regulatory issues that impact the investment community. He is the author of “Election 2016” and “The Mainstream Media-Democratic Party-Complex,” both available on Amazon.
email: contact@errantnonsense.com
Twitter: @JohnKinsellagh