A Pool and a Pond…
December 12, 2023
Mike and Karl comment on kicking China out of the US markets and foreign trade followed by Kenny’s analysis of the economy. In the second hour Dr. Hal examines foreign perspectives of the US, commodity based imperialism, and college football history.
U.S. pension funds heavily invested in China despite crackdown (cnbc.com)U.S. pension funds heavily invested in China despite crackdown (cnbc.com)U.S. pension funds heavily invested in China despite crackdown (cnbc.com)
Guests & Co-Hosts
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement.
Denninger was the founder and CEO of MCSNet in Chicago. Opened as Macro Computer Solutions, Incorporated in 1987, it expanded its service offerings in 1993 to become one of the area’s first commercial internet service providers. Among its customers was the Chicago Public Library, which relied on MCSNet for both internet access and web hosting. In 1997 he led a coalition of ISPs in setting up the Enhanced Domain Name System, a short-lived alternative DNS root which allowed registrants to add their own generic top-level domains. Denninger continued to run MCSNet until August 1998, when he sold it to Winstar Communications for an undisclosed amount. For his efforts, the Chicago Sun-Times dubbed him one of “the movers and shakers who brought Chicago into the Internet Age”. After the sale of MCSNet, he moved to Florida, where he began to devote more time to stock trading and political activism.
Joel’s introduction to trading was in the Standard and Poor’s 500 Index futures pit at the Chicago Mercantile Exchange. Also, during his time at the CME, he was involved in Index Arbitrage as well as trading foreign currency futures and options. From 1994-1999 he was a proprietary trader for Olde Discount Corporation. Following his tenure at Olde Discount, he founded the Detroit office of Bright Trading, LLC. His responsibilities included trader recruitment, orientation and education as well as the day to day management of the office. He held this position office until 2003. Since 2003, Joel has been an independent trader researching and developing proprietary indicators and trading systems for the equities and futures markets. In 2007, Joel joined JC Trading Group as a Market Consultant and trading supervisor. He provides daily market commentary at www.premarketinfo.com. Joel obtained his Bachelor of Art in Political Science from the University of Michigan in 1985. Also, he is a graduate of the Chicago Mercantile Exchange Continuing Education Program. He also holds his Series 7 and 63 licenses and is a licensed real estate broker.
Mike Murphy is a graduate of Notre Dame, former U.S. Army Intelligence Captain, and Stocks & Jocks’ commenter on sports and economics.
DR. HAL SNARR
Dr. Snarr currently teaches business quantitative methods courses, money and banking, macroeconomic principles and MBA economics and data analysis. He has taught a variety of other courses at Idaho State University, Washington State University, Duke University and North Carolina A&T State University, including college algebra, microeconomic principles, macroeconomic principles, sports economics, intermediate microeconomic theory, elementary business statistics, advanced business statistics, labor economics, mathematical economics, econometrics, money and banking and calculus-based microeconomics.
Snarr enjoys being in the classroom, experimenting with innovative teaching techniques, producing instructional YouTube videos for his highly regarded channel, The Snarr Institute, conducting & publishing research articles, and writing articles for periodicals like the Mises Daily.
Snarr is an active scholar who follows the advice of Mark Twain and Jennifer Egan: “write what you know” or “what you are curious to find out.” He studies the effects of government policy on employment, migration, fertility and participation in public assistance programs. He is skilled at Stata, and uses it to construct panel datasets from the Current Population Survey and policy variables that he codes from various public sources. Snarr recently published his 14th peer-reviewed article, two macroeconomic books, an article in the Mises Daily, and is finishing two books on labor economics. He enjoys sharing his research findings, insights, and policy recommendations in community forums, and newspaper and radio interviews. Snarr is known as Shooting Snarr on Chicago’s Stocks and Jocks morning talk radio show.