As the President Trump anguish goes on the latest agony is the news that Rory McIlroy, one of the world’s leading golfers played a round of golf with him. Worse was that he suggested that The President was really quite useful for a man of his age who could spare little time for sharpening up his game on the course.
Lost in the fog of noise is the fact that The President is a business man who has had a major interest in building resorts, golf courses and such like. This is not at the cheap end of the market and can be a high risk investment. He needs to talk to people who know their business.
For Rory the years are passing and he has to look over his shoulder at the pack of fine golfers on the way up. There will come a time when something else has to pay the bills. He has done well in the USA and the rest of the world.
Recently, however, he had a go at US golf fans who barracked the UK team at the last Ryder Cup. Perhaps The President is virtue signalling that bad mouthing by spectators is to be deplored.
Golf is not just a game it is very big world business involving very many of the world’s leading sponsors as well as governments to keep the show on the road or rather keep the golfers with money to spare, preferably a lot of money, coming to pay for all the investments.
So for Rory it makes sense to go into the golf business to make best use of his investments and talents. Also having been involved in investing in Northern Ireland and in supporting charities there are commitments that he wants to honour.
The President’s mother was a Macleod Scot from the Western Isles; just across the water is the Ulster of Rory’s family. So a couple of men of close geographic ancestry having a game of golf is by no means unusual. Especially if they have business interests in common.
But they may have things to worry about in common. Today, February 27, Martin D. Weiss says in an article in “Money And Markets” below:
Lessons for President Trump and Investors
Lesson #1. Thanks to the Fed’s continuing efforts to slow things down, the initial period of rising interest rates may not pose an immediate threat to stocks or the economy. Consumers can continue to spend. GDP can continue to expand. And stock investors can make a lot of money.
Lesson #2. Looking ahead, however, there’s one sobering fact of life that must never be forgotten: The longer the Fed suppresses interest rates below normal levels, the greater the ultimate interest-rate explosion.
Lesson #3. The Fed’s efforts to hold down interest rates since 2008 — with the largest money printing binge in U.S. history — makes the Fed’s “easy money” of 1970s seem ultra-conservative by comparison.
Lesson #4. Likewise, the bond market bubble that the Fed created in the 1970s was minuscule in comparison to the speculative bubble in bonds today. The full consequences may not be known until it’s too late to turn back the clock.
Good luck and God bless!
Perhaps The President might have a word with Martin, over a shove halfpenny board?
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