Scott Sumner writes on Libertarian candidate Gary Johnson:
When he ran for governor as a Republican in heavily Democratic New Mexico. He had no prior political experience. He won by a 10-point margin. (By poetic coincidence, he beat a competitor for the GOP nomination named Dick Cheney.) Johnson spent his first term slashing taxes and reining in the growth of the state budget. Then he won a second term, and spent that crusading for school vouchers and marijuana legalization. He set a record for vetoing bills—750 of them, more than all other 49 governors combined during the same period—and left a budget surplus in his wake…..
via TheMoneyIllusion.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.