| Kensington Review |
15 July 2025 |
|
Cogito Ergo Non Serviam |
9 |
||||
|
Latest Commentary: Cuomo Staying in NYC Mayor Race -- Andrew Cuomo lost the Democratic primary for Mayor of New York in June. He has decided that the primary voters are idiots and made the wrong choice. So, he is staying in the race and running as an independent. His hubris ensures that the man who beat him, Zohran Mamdani, will be the next mayor of the city. In the five-way race, Mr. Cuomo will wind up splitting the anti-Mamdani vote. A more humble man would have accepted the result of the voters, and as a result, the anti-Mamdani forces would have a better shot at prevailing. Yet, Mr. Cuomo (much like his father Mario) thinks he is bigger than the polity he wants to represent. [16 July] CPI Rises Foreshadowing Autumn Stagflation -- The US Consumer Price Index report came out a short while ago showing that the prices in the US are rising at an annualized rate of 2.9%, up from 2.4% in May. Wall Street breathed a premature sigh of relief with a print that was close to expectations. Fear of tariff-induced inflation receded with this report, and the market is wondering when the Fed will cut rates. This journal remains unconvinced. Inflation has yet to see much influence from the tariffs, and for that reason, one believes the storm is coming this autumn. [15 July] Epstein Scandal Splits MAGA -- Being in opposition is the most fun a politician can have without actually having to do anything. One can make outrageous claims, and the promises do not have to be funded. But then one gets into office, and the realities of governing take all of that away. This has happened to the Trumpists and their fascination with the human trafficker Jeffrey Epstein, who alleged committed suicide while in federal custody. MAGA has demanded the client list and the publication of the files certain they show the Democrats have run a child-trafficking ring for years. Yet, AG Pam Bondi issued a memo last week claiming there was no client list. Deputy FBI Director Dan Bongino has threatened to resign because he just knows she is covering it all up. The circular firing squad is loaded and taking aim. [14 July] Trump Delays Tariffs Again -- The Trump-Always-Chickens-Out theme got another boost as the president send letters to some of the trading partners with whom he wants to cut trade deals. The letters threaten tariffs at punitive levels unless the others start doing as Mr. Trump wants. That sounds like a strong play, but by delaying the tariffs that were supposed to go into effect today, he has shown he is making a weak showing of things. What he has not paid any attention to, and what the markets have yet to price in, are the structural changes to global trade that his fixation on tariffs has created.[9 July] Musk Starting New Political Party -- Elon Musk has had a falling out with President Trump over the tax bill that become law last week. Mr. Musk rightly said it was a bad bill that blew up the national budget deficit and the national debt. Mr. Trump thinks it is the greatest thing ever, and will bring America a new golden age, blah, blah, blah. It is holes the American economy below the waterline, so Mr. Musk is right. His solution is to launch his own political party called "The America Party." The only thing more troubling that the unimaginative name is the lack principles. The big question is just what is the new party for? [8 July] © Copyright 2025 by The Kensington Review, Jeff Myhre, PhD, Editor. No part of this publication may be reproduced without written consent. Produced using Ubuntu Linux.
|
22 Years Online Volume XXIII, Number 108
|