Kamala Harris's Father, Donald Jasper Harris, Descendant of Slave-owner Hamilton Brown

From Wikipedia:

Donald Jasper Harris, OM (born August 23, 1938) is a Jamaican-American economist and professor emeritus at Stanford University, known for applying post-Keynesian ideas to development economics.  He is the father of Kamala Harris, vice president of the United States, and of Maya Harris, lawyer and political commentator.

The New York times described him as "a prominent critic of mainstream economic theory from the left".[2]

Donald Jasper Harris was born in Brown's Town, St. Ann Parish, Jamaica, the son of Oscar Joseph Harris and Beryl Christie Harris (née Finegan),[7][8] who were Afro-Jamaicans.[9] As a child, Harris learned the catechism, was baptized and confirmed in the Anglican Church, and served as an acolyte. His paternal grandfather, Joseph Alexander Harris, owned land. Harris's paternal grandmother told him that she was descended from Irish-born Hamilton Brown, who founded the local Anglican Church.
...
He took early retirement from Stanford in 1998 in order to pursue his interest in developing public policies to promote economic growth and advance social equity.^[19][20][21]

Also from Wikipedia:

Hamilton Brown (1776 – 18 September 1843) was an Ulster Scot plantation owner, slave owner and politician who resided in Saint Ann Parish, Jamaica, which he represented in the House of Assembly of Jamaica for 22 years. Brown founded the settlement of Hamilton Town in Saint Ann Parish, which was named after him.

https://en.wikipedia.org/wiki/Hamilton_Brown

According to the Legacies of British Slave-Ownership at the University College London, Brown was awarded a payment under the Slave Compensation Act 1837 as a former slave owner in the aftermath of the Slavery Abolition Act 1833. The British Government took out a £15 million loan (worth £1.8 billion in 2024^[11]) with interest from Nathan Mayer Rothschild and Moses Montefiore which was subsequently paid off by the British taxpayers (ending in 2015).^[12] Brown was a prolific slave owner in the context of Jamaican society and was associated with a large number of claims, twenty-five in total, he owned 1,120 slaves most of them on sugar plantations in Saint Ann Parish and received a £24,144 (equivalent to £2.89 million in 2024^[11]) payment at the time.^[13]

Original Image at https://x.com/AuburnMartin/status/1818010987255185495?t=grx9-kSQeGZLPR-QUp2v5g&s=09

Powell Throws Cold Water on "Soft Landing"

Kirk Note: Powell is Federal Reserve Chair Jerome Powell.

-------- Forwarded Message --------

Subject:	Powell Throws Cold Water on "Soft Landing" -- Re: Treasury Rates Near the Highest In 23 Years
Date:	Thu, 21 Sep 2023 14:49:45 +0000
From:	Jas Jain

Powell Throws Cold Water on "Soft Landing"

In his press conference yesterday.

Soft Landing is Wall Street propaganda to keep people in stocks as along as possible before recession becomes reality. It happens in all economic cycles, but this time it became a mantra.

When you are hovering over the Fiscal Cliff, Soft Landing is aerodynamically impossible, even Hard Landing is not likely, and Crash Landing is the likely scenario. And after that being buried under the rubble like the sinking of Titanic below the ocean.

How Would Crash Landing of the E-CON-omy Translate Into Stocks?

All the Magnificent 7--AAPL, AMZN, GOOG, MFST, NFLX, NVDA, and TSLA--will go below 100; AAPL, AMZN and TSLA, below 50; and some to 25. A week earlier I positioned myself for the scenario that would unfold over the next 2 years. Fortune favors the brave!

Good luck to stock bulls. Stock Mkt exists to serve the Crooks and not the working people who put their savings.

Jas

--------------------------------------------

Tuesday, September 19, 2023 6:14 AM

Treasury Rates Near the Highest In 23 Years

Average over the maturity spectrum. The last time that the rates were at the current level was on 7/17/2007 and in the prior cycle it was in September 2000. Recessions and serious mkt declines followed within a few months.

When "soft landing" meets the Fiscal Cliff, watch out below.

Jas

-----------------------------------------------------

Wednesday, September 6, 2023 1:36 PM
 

With Inflation Remaining Higher for Longer, CASH would remain King for a Longtime 

The 3&6 Month T-Bill rate, cash equivalent, hit a new high since the end of 2000, 22 years and 8 months, of 5.5%. 2-Year Treasury rate closed above 5%.

Stocks and long-term bonds would continue to underperform as the Fed Funds rate remains high.

Jas

Market Update - 5/31/23

Five of twelve months into  2023, we have a split market with the Dow and the Russell 2000 indexes down while the S&P 500 and the Nasdaq indexes are up.   All four remain down double digits from their ATHs (All Time Highs) also summarized in the same table. 

Dow vs Oscillators

How about this... I'm roughly matching SPY YTD with only 57% in the markets!  My Explore Portfolio stocks on their own are up roughly 15.8% YTD!

To see what stocks and ETFs are in my "Explore Portfolio" and get a full list of on my price targets to both take profits or buy more:

 Subscribe NOW  and get
the May 2023 Issue for FREE!!! 
(If you mention this ad)

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At 8.6%, Inflation is the Highest since 1981 - Welcome Back Carter

CPI-U Inflation came in at 8.6% in May with core inflation at 6.0% over the past year.  The Energy Index rose 3.9% in May and was up 34.6% on the year. Gasoline rose another 4.1% in May and is up 48.7% on the year.  If you think buying a new, more fuel efficient ICE auto or EV will solve your inflation problem, think again as new car prices are up 12.6%, if you can get one, while used cars soared 16.1% on the year.

Chart 1. One-month percent change in CPI for All Urban Consumers (CPI-U)

CONSUMER PRICE INDEX - MAY 2022

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.6 percent before seasonal adjustment.

The increase was broad-based, with the indexes for shelter, gasoline, and food being the largest contributors. After declining in April, the energy index rose 3.9 percent over the month with the gasoline index rising 4.1 percent and the other major component indexes also increasing. The food index rose 1.2 percent in May as the food at home index increased 1.4 percent.  

Chart 2. 12-month percent change in CPI for All Urban Consumers (CPI-U)

Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city average

The index for all items less food and energy rose 0.6 percent in May, the same increase as in April. While almost all major components increased over the month, the largest contributors were the indexes for shelter, airline fares, used cars and trucks, and new vehicles. The indexes for medical care, household furnishings and operations, recreation, and apparel also increased in May. 

The all items index increased 8.6 percent for the 12 months ending May, the largest 12-month increase since the period ending December 1981. The all items less food and energy index rose 6.0 percent over the last 12 months. The energy index rose 34.6 percent over the last year, the largest 12-month increase since the period ending September 2005. The food index increased 10.1 percent for the 12-months ending May, the first increase of 10 percent or more since the period ending March 1981.

• 
  

Gasoline Nearing Eight Dollars Per Gallon in Menlo Park California

Biden Barometer
 Natural Gas, Oil Price & Stock Market  Performance under President #46 Joe Biden

Sadly, I see little relief in the short term as gasoline prices have continued to soar in June.  Hopefully you followed my newsletter advice to own some US Treasury Series I Bonds that are currently paying us 9.62% for new issues and I own some that are paying  12.76% due to their base rate of 3.0% plus inflation.

• Current Rates for New & Older I Bonds
  
  
• More about iBonds and how rates are calculated at Current Series I Bond Rates

Kirk Lindstrom's Investment Letter

 Subscribe NOW  and get
the June 2022 Issue for FREE!!!

More Articles by Kirk Lindstrom:

• Fed Funds Rate vs US Stock Market Indexes - Historical Charts
  
  
• Market Update - Gasoline Nearing Eight Dollars Per Gallon in Menlo Park California
  
  
• New & Old Series I Bond Rates are 9.62% to 13.39%

CPI Quotes and table from https://www.bls.gov/news.release/pdf/cpi.pdf

Welcome Back Kotter - Theme Song

REPLAY OF 1929 - S&P 500 Target of 500

-------- Forwarded Message --------

Subject:	REPLAY OF 1929
Date:	Wed, 20 Oct 2021 17:21:02 +0000
From:	Jas Jain

REPLAY OF 1929

Is bound to happen with the worst govt economic policies in history of mankind.

The only question is: When?

I feel very good about my S&P 500 target price of 500. And few people are better prepared to take full advantage of a govt abuse of power never before witnessed.

Jas

LRCX Lam Research Profit Taking Alert

Hello Future Subscriber,

If you wish to subscribe, click here.

Today I SOLD 11 shares of Lam Research (LRCX charts) at $622.00 from the explore portfolio according to the buy/sell table on page 5 of the latest newsletter. 

This decreased my explore portfolio position by 8.6% from 128  shares to 117 shares, all on house money, with a 5.3% portfolio weighting after this sell. 

It is amazing that this $20,000 starting position in 1998 has generated $225,757 in cash from trading plus another $3,324 in dividends collected while growing to a total value of $73,759!  Much of that cash was used to diversify into less volatile stocks to lower the risk of my Explore Portfolio.

If I had a crystal ball that would tell me absolute tops and bottoms, I could have made a lot more, but I'm satisfied with these results as Lam Research has helped me beat the S&P 500 over the short term and long term with what I believe is far less risk due to the cash generated from trading my winners!  As of today, EVERY STOCK in my Explore Portfolio is a winner, even GE which looks like it is starting to breakout after consolidating recent gains after more than doubling last year's lows!

Remember, you can check my "Ancillary Data" link emailed with the last newsletter to see a full list of buys and sells for all my stocks.  I will update that list for this trade and send a link to it with the next newsletter.

I will consider a new "auto buy" price target to repurchase these shares in the next newsletter.  If we get a big pull-back before the next newsletter and I decide to buy shares sooner than currently listed, then I will send out a special email alert.

Likewise, I will also add a new "Auto Sell" target to take more profits in the next newsletter and send out a special email alert if I decide to sell more before then.

Remember, I take profits as my stocks go higher, even for my favorite stocks, as a way to limit individual stock risk.  It does not mean I don't like the stock for the long term but it means I want cash generated from this profit taking to have available to buy any major declines for this or any of my other stocks I may like more during the next decline.

Congratulations🎈🎉💲  Like LRCX, my Explore Portfolio is currently at a new record high up 9.7% YTD with the Explore stocks up roughly 17.1% YTD while SPY is "only" up 6.9%! 📈🚀🏆

More LRCX Charts

Alert Email Reminder:  I only send these alerts as a courtesy to show my updated charts and as a reminder should you get too busy to set your own buy and sell limit orders.  These alerts are not guaranteed or promised.  You should use the "Auto Buy and Sell Table" in the newsletter each month to update your limit orders at your broker if you wish to follow along with what I will do for the Explore Portfolio.

DISCLAIMER: The information contained in this newsletter is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This newsletter is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright Kirk Lindstrom 2021.

best regards
Kirk Lindstrom
http://kirklindstrom.com/
Editor of "Kirk Lindstrom's Investment Letter"