Tag Archives: Wall Street

Political Stock

Huey Long The Ultimate Politician Up 6 7/8 points at the closing bell

Huey Long
The Ultimate Politician
Up 6 7/8 points at the closing bell

Since politicians are theoretically required to report contributions, why don’t we just change things a little bit?

Let’s have all political contributions reported immediately, just like stocks and bonds. We could have updates throughout the day to see who’s getting how much. We could even have one tracking for incumbents – like the New York Stock Exchange and another for those new to politics, like the NASDAQ.

While you could still only vote in one state, you could influence any election you want. Don’t like that sheriff in Arizona? No problem.

When you see that the Chinese have started pouring contributions into Senator Schmukatelli you could decide whether to join them or not.

If Wall Street is bully for this Teddy Roosevelt guy, you can make a solid investment decision.

Naturally, somebody would start a futures market, so you could hear people say, “If I’ve got my campaign contributions figured out right, one of my great-grandchildren will be at least a senator.”

It couldn’t turn out any worse than what we have today.

Is Knowledge Power?

phren

We are a data driven society. Polls are taken regarding virtually any subject and consume far more of the media than the actual events they attempt to predict. Reliable instant communications allows twenty-four hour news to feed us information on scandals far and wide. We are shocked by the collapse of a clothing factory in Bangladesh or by the suspected use of chemical weapons in Syria. We have access to unemployment data, Gross Domestic Product and how each affects Wall Street in real time.

We believe that if we decode all the data in DNA, we could recreate mammoths, or even dinosaurs.

Satellites feed us data to allow us to accurately predict the weather days in advance (except when the surprise severe storm appears.)

Does that make us powerful? I think not.

Knowledge is only powerful when it is used to make a decision and then execute that decision. If we read about a disaster and it causes us (and countless others) to make a donation to an organization that is helping out, that’s powerful. If knowing about a house fire causes us to check our smoke detectors and buy a fire extinguisher that means something.

Merely knowing is inconsequential. Knowing what to do with what you’ve learned is wherein the power lies.