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" ... President Obama urged expanding America’s “rebuilding effort” to housing. Yet the most recent housing bubble, relentlessly inflated by vote-seeking pols who poured taxpayer funds into housing at every opportunity, is what did so much to wreck not just the financial sector but the entire economy. Now the president wants to toss more public money at the industry. That lenders and builders have grown a bit cautious after the 2008 wipe-out is not what is “holding our entire economy back,” as he claimed. Government’s constant determination to intervene and channel resources to politically favored industries is the real culprit. ... "
" ... Stocks in medical device companies have done well this year, besting both the overall market and general health indexes. The iShares Medical Devices ETF is up 32.8% in 2019, versus the broad-market S&P 500’s 29.3% advance and the Health Care Select SPDR’s 16.4% increase. Overall health stocks have had a relatively bumpy ride due to Democratic pols’ talk of Medicare for all and Washington plans to rein in medical costs. ... "
" ... The Swiss central bank didn’t so much “ambush” the global economy as much as its actions were a sad, yet healthy reminder of the staggering amounts of growth and progress that have been lost since 1971. Let’s hope the world’s pols finally see what comically deluded central bankers are so blind to. Floating money is the massive ball-and-chain suffocating global economic growth. It’s time we realize this while returning money to its sole, measuring rod purpose. ... "
" ... The government would go to a caretaker followed by a presidential election within 60 days, too quick for aspiring pols such as Seoul Mayor Park Won-soon and UN Secretary General Ban Ki-moon. They would need to give notice. However, Park’s sudden departure, a quick election and an unimpeded prosecution would let the angry public move on. ... "
" ... The view from the 59th floor was instructive. You saw practically nothing but the tops of other buildings, hardly any Hudson River and just a tip of New York Harbor. New York is a real estate-dominated town, and the pols rarely get in the way of big-time developers who would parcel out Central Park among themselves if given the chance and bid on the air rights over the Hudson River. ... "