iOS app Android app

Golden Gate University

"Follow The Money"--Trump, Repealing The "Johnson Amendment," And Citizens United

Terry Connelly | Posted 07.22.2016 | Politics
Terry Connelly

Viewers of Donald Trump's coming out party for his apparent "forced choice" vice presidential running mate, Governor Mike Pence of Indiana, might rightly wonder why he spent almost as much time holding forth on the evils of something he called the "Johnson Amendment" than he did on the virtues of Mike Pence.

CNBC Again Shows Its Bias, Promotes Recession Scare, As Yellen Says Better Economy Means Rate Hike OK

Terry Connelly | Posted 06.02.2016 | Business
Terry Connelly

Predictably, the bond market and the Dow Jones average both fell quickly on CNBC's one-sided call, bringing quick profits to short hedge funds using high frequency trading to move quickly in and out of the market.

'America First' - A History Lesson

Terry Connelly | Posted 05.13.2016 | Politics
Terry Connelly

Presumptive Republican presidential nominee Donald Trump's first serious foreign policy speech made clear that his approach will be based on the idea ...

Presidential Nomination Campaign 2016: Has Nobody Wrapped It Up Because Nobody Has Measured Up?

Terry Connelly | Posted 04.25.2016 | Politics
Terry Connelly

This blog is usually a somewhat analytical treatment of current developments in finance, business or public affairs, complete with multiple citations ...

Could It Be That the Fed Has Been Right All Along?

Terry Connelly | Posted 03.30.2016 | Business
Terry Connelly

You wouldn't know it from CNBC, which says the Fed has been doing a "terrible job," or many other financial media sources, politicians and pundits: th...

Forget a Brokered Convention -- a Third Party Candidate Should Yield a Hung Electoral College and 'Take It to the House' to Pick the Winner!

Terry Connelly | Posted 03.07.2016 | Politics
Terry Connelly

Now that the field of Republican presidential candidates is down to a "Final Four," let's look at the "seedings" following the results of Super Tuesda...

It's the Delegate Count, Stupid! GOP's Tricky Primary Vote Allocation Rules Mean "Get Down to Three or Trump's Home Free"

Terry Connelly | Posted 02.25.2016 | Politics
Terry Connelly

Theoretically, all of these later winner-take-all states could offer an opportunity for any of the top three candidates to catch fire and challenge the leader, but only if the field has been cut down to no more than three by early March.

Afterthoughts From Iowa, and some Forethoughts

Terry Connelly | Posted 02.05.2016 | Politics
Terry Connelly

Have you noticed that the Democrats don't have anyone running for president now who is the 25-54 demographic so popular with TV advertising executives...

Four Questions for the Markets in a Pivotal Week

Terry Connelly | Posted 12.17.2015 | Politics
Terry Connelly

Question #1: Is it possible that the continuing fall in the price of oil on the world and West Texas markets may not be due merely to the decision las...

Recovering From Suicide in Palo Alto: A Work In Progress

Terry Connelly | Posted 05.28.2016 | Education
Terry Connelly

Silicon Valley prides itself on recognizing unmet needs and satisfying them, even before we even realize them ourselves. But, like Tiger Woods the Elder, the Valley is not used to playing from behind, and not very good at it.

What Is About To Crash - The Markets, The Economy? Neither, Even If Greenspan (Who?) Says So!

Terry Connelly | Posted 05.15.2016 | Business
Terry Connelly

It's late spring, and the Chicken Littles are back. They don't fly but they do cluck.

'Whatever, Janet' Indeed -- Fed's Yellen Outfoxes the Bond Bullies, Finesses Rate Policy, Buoys Investors

Terry Connelly | Posted 05.23.2015 | Business
Terry Connelly

U.S. financial markets have been highly volatile but with little to show for investors, as opposed to traders, who make their best livings from pointless volatility, for all the swaying back and forth since the start of 2015.

First Impressions of the 2016 Field

Terry Connelly | Posted 05.11.2015 | Politics
Terry Connelly

Jeb Bush gets early style points for taking on his critics about his support for comprehensive immigration reform, perhaps realizing he has already lost the Rush Limbaugh, Michael Savage, and Mark Levin talk radio primaries anyway.

Obamacare Dominoes: If Federal Subsidies Fall at The Supreme Court, so Do the Individual and Employer Mandates

Terry Connelly | Posted 05.04.2015 | Business
Terry Connelly

King v. Burwell opens the door to a much broader impact on ObamaCare than just the matter of subsidies. It would be huge if the Supreme Court determines the Court was wrong in affirming the IRS interpretation.

IOU 240 Euros, It's My Problem; IOU 240 Billion Euros, It's Your Problem!

Terry Connelly | Posted 04.19.2015 | Business
Terry Connelly

The first thing to know is that nobody should sell or buy a lot of US stocks or bonds because of the unfolding late-inning melodrama between the new g...

Maybe The Federal Reserve Has Been Right About The U.S. Economy All Along

Terry Connelly | Posted 04.12.2015 | Business
Terry Connelly

Hard as it may be for its legion of economic, political and media critics (and even some of its own members) to accept, the most recent bullish jobs report from the Labor Department looks like a ringing endorsement of Federal Reserve policies and perspectives on the economy.

CNBC, The Lame Duck Network: Shilling For Short Sellers and Hating Obama Are Not Enough Anymore

Terry Connelly | Posted 03.16.2015 | Business
Terry Connelly

CNBC should be asking itself why on earth it continues to show such favoritism for the views of market pessimists and short sellers -- indeed, even facilitating such traders profit strategies -- at the expense of their retail TV audience.

The Business School Dean's Quiz for 2015

Terry Connelly | Posted 03.08.2015 | Business
Terry Connelly

Give yourself three points for each right answer until the last, which, if you guess correctly, is worth four points. The Dean's guesses are shown at the end. We'll compare our guesses with reality at the end of 2015.

The Fright Before Christmas

Terry Connelly | Posted 02.17.2015 | Business
Terry Connelly

'Twas the week before Christmas And all through the Street Not a hedge fund was buying: Instead--in retreat! They'd bet big on oil-- Now they w...

Could the Oil Price Crash Kill Keystone XL?

Terry Connelly | Posted 02.03.2015 | Business
Terry Connelly

Why, indeed, would U.S. shale producers want to use public policy to subsidize Canadian oil producers in an extreme and sustained low oil price environment?

Shhh... The American Economy Is on the Brink... of a Boom!

Terry Connelly | Posted 01.24.2015 | Business
Terry Connelly

The real story is that "help is on the way" for America's struggling middle class, the unemployed and the under-employed. The much maligned TARP stimulus and "extraordinary measures" of the Federal Reserve have finally and in fact -- worked!

Obamacare Dominoes: If Federal Subsidies Fall at the Supreme Court, so Do the Individual and Employer Mandates -- Game Over!

Terry Connelly | Posted 01.18.2015 | Politics
Terry Connelly

The media and even the most ardent supporters of Obamacare seem to ignore this potential effect. Assuredly, the "large employers" and their lobbyists who are funding the Halbig and King cases have not.

Elections Have Consequences - And Truth: Here's Some of Both

Terry Connelly | Posted 01.11.2015 | Politics
Terry Connelly

Here's to the winners! But who are they exactly, after the recent Republican sweep into power in the Senate and in a significant majority of governorships?

Fear-Mongers on TV Spook Equities: Just in Time to Buy Cheap Before Great Earnings!

Terry Connelly | Posted 12.27.2014 | Business
Terry Connelly

Predictions of a new global recession began to appear in the financial media in early October just before the market took its dive, recycling much the same forecast that CNBC trotted out the previous October!

A "Hung" Senate with No Majority on November 4? Could Senate Independents Take Charge, Break Gridlock?

Terry Connelly | Posted 12.20.2014 | Politics
Terry Connelly

We do not follow a parliamentary system of government like Australia, of course, but our situations are otherwise not dissimilar. In both countries, the lower house of the legislature has a clear and virtually impregnable majority.