Latest Posts

  • ObamaCare and Rube Goldberg

    ObamaCare is a Rube Goldberg contraption. It was cobbled together in disjointed fashion under time and ideological constraints. It is still unclear whether anyone read the entire law before it became legislation. Why should anyone be surprised it was so politically contentious? Now we are beginning to uncover the slipshod manner in which it was constructed. A three-judge panel in [...]

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  • Economic and Financial Myth-making

    Current financial markets are especially dangerous as a result of government myth-making. Fiscal and monetary interventions and manipulations have distorted all markets, but especially financial markets. The flood of liquidity by the Federal Reserve has done little for the economy although has juiced the level of financial asset prices. This effect is not accidental and is part of the myth-making [...]

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  • Economic Laws Are Not Optional

    Economic Laws Economic laws are not optional. They are like the laws of physics — inexorable! Economic laws are less precise in terms of their timing and effects, only because they deal with human behavior rather than physical particles. Human beings alter their behavior to cope with changing conditions. Particles do not. Free will and the survival instinct make prediction, especially regarding [...]

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Economics

market-fear

Financial Markets — Rated “R”

Financial markets are complex in normal times. When government is actively supporting them, they only become more so and more dangerous. If today’s financial markets were rated like movies, they would be rated “R” (perhaps, “X”). Whether the “R” stands for risky or restricted is immaterial. These markets are not for the naive or unseasoned investor. Traditional metrics no longer [...]

gold3

Got Gold?

Got Gold? If not, don’t feel bad. Neither does Germany even though they requested their gold back and it didn’t come. According to Reuters: Germany’s plan to bring back the nation’s gold reserves to Frankfurt by 2020 has fizzled, and instead has for now decided to leave $635 billion of gold in US vaults. What is going on here? When [...]

medianincome

Why You Feel Poorer

You feel poorer because you are poorer. In the last fourteen years, has your income increased over 50%? If you think it has, has it done so after taxes? Even if it has, you likely have not kept up in terms of inflation. If you are a retiree, living on fixed income, a pension or bonds, you certainly have become poorer. If [...]

Investing

etfs12345

Weights In ETF Rankings Change

A change in weights in the algorithm that ranks ETFs for the Preferred Member service has been made. This post is not protected so that non-Preferred Members can get an idea of how the two most popular portfolios performed over time. The universe of ETFs and the number and size of the portfolios remain the same. So do the overall weights [...]

market-fear

Financial Markets — Rated “R”

Financial markets are complex in normal times. When government is actively supporting them, they only become more so and more dangerous. If today’s financial markets were rated like movies, they would be rated “R” (perhaps, “X”). Whether the “R” stands for risky or restricted is immaterial. These markets are not for the naive or unseasoned investor. Traditional metrics no longer [...]

investingworld-stock-prices

July Update

Today’s update for Preferred Members is a bit early (it usually is closer to mid-month). I shall be vacationing for most of next week which means uncertain access to data, software and the internet. Hence, this early report. (Another one will likely follow next weekend.) This  update is informational rather than actionable.  New rankings as of July 10 are provided. The [...]

Politics

donkeyrogue

Reasons To Vote Democrat

From Ty Andros’ Tedbits newsletter on why to vote Democrat: David Letterman’s top 10 reasons to vote democrat I received this on the internet and sometimes we all need a good laugh…  Enjoy #10. I vote Democrat because I love the fact that I can now marry whatever I want. I’ve decided to marry my German shepherd. #9. I vote Democrat [...]

corruptionss (2)

NOT a SMIDGEN of Corruption!

Ty Andros, in his Tedbits newsletter, puts the IRS hard-drive failures into perspective: NOT a SMIDGEN of Corruption! The odds of winning the Florida lottery are 1 in 22,957,480. The odds of winning the Powerball are 1 in 175,223,510. The odds of winning Mega Millions are 1 in 258,890,850. The odds of a disk drive failing in any given month [...]

impeachnix

The Impeachment Issue: Why It Is Unlikely

Impeachment is a term thrown around more frequently as President Obama’s failures, incompetence and duplicities are realized by more people. Impeachment is not something that should be used to kick someone when he is down. Yet that is when it is most likely to be successful. Still, that should not be the criterion as to whether to exercise the prerogative or not. Impeachment Grounds The grounds for impeachment [...]

Other

corruptionss (2)

NOT a SMIDGEN of Corruption!

Ty Andros, in his Tedbits newsletter, puts the IRS hard-drive failures into perspective: NOT a SMIDGEN of Corruption! The odds of winning the Florida lottery are 1 in 22,957,480. The odds of winning the Powerball are 1 in 175,223,510. The odds of winning Mega Millions are 1 in 258,890,850. The odds of a disk drive failing in any given month [...]