Trump’s Market Rally?
December 9, 2016
The Chief and Nick kick off the show to talk about marriage in the U.S. and the looming interest rate hike.
Karl Denninger joins Stocks and Jocks to talk everything from ‘productivity’ in America’s work force to our crazy markets. What decisions will be made while Trump is in office that will explode in a few years?
Hal Snarr joins us for the second half of the show to discuss ths Trump stock market rally and the legendary John Glenn – and his legacy.
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.
Kathy Dervin has been with Stocks & Jocks since 2011 as our Friday morning contributor, producer and banking guru. She has worked in the financial markets industry since 1993, including PC Quote/HyperFeed 1993 to 2003 and Thomson Reuters 2003 to 2013. She is currently Vice President at an investment bank. Read more.
Hal W. Snarr is the son of a third generation Idaho potato farmer who was raised in an ignoble but resolute Mormon household. His career is a result of a fortuitousseries of accidents.
Hal got his first taste for teaching after shining in Naval Nuclear Power School, but was not aware of what a Ph.D. was until he took Calculus I, II and III for fun at Idaho State University. A couple of years later he found himself teaching algebra and proving theorems in the master of science in mathematics program at ISU. Although he was having fun, he wanted to use mathematics in more meaningful ways. He discovered how to do this while taking mathematical economics at ISU. In this course, he gained an intuition of the eigenvalue. This set him on his present path. After all, wouldn’t you do the same if you had just learned that negative eigenvalues mean you are on the peak of a three dimensional surface because steps taken in thex and y directions are downward?
His unconventional journey gives him a unique insight into the cohorts he studies.Most economists were not raised by low-income single mothers who had to, on occasion, reluctantly use public assistance and purple money (old school food stamps). As a teenager, he also observed beer-for-purple money exchanges.
Between 2004 and 2013, Hal was taught economics and statistics at North Carolina A&T State University. In 2013, Hal accepted a similar position at Westminster College. He regularly teaches money and banking, macroeconomic principles, business statistics, introductory regression analysis, and labor economics. His research studies how welfare and other policies affect labor supply, marriage, fertility, migration, dependency, and poverty.
Hal’s hobbies include producing instructional videos for his YouTube channel, The Snarr Institute, and commenting on economic policy proposals and politics on Twitter and Facebook. He occasionally writes op-eds for PolicyMic and OpEdnews. He enjoys home improvement projects, vehicle repair, watching the news and movies, walking, attending church services, a good debate, and spending time and traveling with his family.
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