Latest Posts

  • Preferred Member Report and Selections

    July is over. It saved its worst for the end. On the last trading day, the major indices were especially hard hit — the Dow was off 317 points or 1.88%;  the S&P was off 2% and the Nasdaq off 2.09%.  This performance came after a claimed 4% rise in GDP for the second quarter. Apparently bad news in the [...]

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  • Transform The World

    Obama announced his intentions to “transform America” as a candidate although never specified what that meant. After almost six years, the picture is becoming clearer. Now it appears that the phrase actually involves more than America. It appears that Obama believes he can transform the world. Regarding relationships with US allies and enemies that certainly seems to be the case. Some [...]

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  • Preliminary August Portfolios

    As per last month, the rankings for next month are coming out one day early. These rankings are based on data through July 30 and represent the August selections. If the last day’s trading causes changes, they will be reported to you on August 1. The rankings contained below are for the month of August. The one-day lead time provides the [...]

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Economics

depression_sculpture-s

Government Is Destroying Net Worth (Wealth)

Finally, statistics regarding the changes in net worth have made the mainstream media. These statistics, as reported in the NY Times, are horrific, as are the implications for the future of the country. Net worth may be the best single measure of a country’s well-being. Median net worth is a reasonable marker for the standard of living. Medians (or averages) are not good measures to capture what [...]

economy111

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 [...]

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 [...]

Investing

World-GDP-Est-2014

Priced For Perfection

What happens when financial assets are priced for perfection? When that happens, there is only one direction they can go — down! Beyond Priced For Perfection It appears that we have voided that old truism today. Markets appear higher than priced for perfection. They are at or near record highs while the world beneath them seems to be crumbling both economically and politically. [...]

investing1243

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 [...]

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 [...]

Politics

depression_sculpture-s

Government Is Destroying Net Worth (Wealth)

Finally, statistics regarding the changes in net worth have made the mainstream media. These statistics, as reported in the NY Times, are horrific, as are the implications for the future of the country. Net worth may be the best single measure of a country’s well-being. Median net worth is a reasonable marker for the standard of living. Medians (or averages) are not good measures to capture what [...]

impeachnix

Why Impeachment Is Necessary

The issue of impeachment is now no longer whispered about. Talk is prevalent and a recent poll indicated that 35% of the public believe the president should be impeached. Interestingly, the topic is being promoted more by Democrats than Republicans. Tactical Impeachment Considerations Democrats don’t truly believe the President should be impeached, but they see it as a chance, likely [...]

individualists

Lysander Spooner — Radical Individualist

One of the great intellectual treats for many has been the discovery of a man with a very odd name — Lysander Spooner (1808-1887). For any individualist, he is a welcome discovery Spooner was  a legal jurist and an abolitionist. His core belief was that government itself, at least as it was constructed in the US, was illegal. His stand was [...]

Other

patrioticmilitary

Want to be Proud and Feel Good?

It is difficult to feel good in these woeful times. Yet for any patriot, this video will do the trick. Being patriotic can involve contradictions. One is loving one’s country while detesting one’s government. Another is hating war but loving those who serve. All the good work and sacrifice in Iraq has come undone despite the sacrifices of those who [...]

individualists

Lysander Spooner — Radical Individualist

One of the great intellectual treats for many has been the discovery of a man with a very odd name — Lysander Spooner (1808-1887). For any individualist, he is a welcome discovery Spooner was  a legal jurist and an abolitionist. His core belief was that government itself, at least as it was constructed in the US, was illegal. His stand was [...]

nazi-germany-flags

Jews Under Assault Again

The state of the world is rapidly deteriorating. Economies are stagnating, rule of law is under attack everywhere and ethnic hatred is rising. Nowhere is that more obvious than what is happening with respect to Jews. Mark Steyn is funny, incisive and deadly serious. His take on the Obama Administration and the Middle East is worthy of more than reading. A [...]