Both parties in Washington belong to the same class — the criminal class. Both want to drain you of every cent and freedom you have left. Imagine the party that bills itself against spending and big government being described in this fashion: “This is a monster failure, an absolute massive failure on John Boehner’s part. […]
Facts are stubborn things. No matter how hard the Washington crowd tries to sell an economic recovery, inconvenient and contrary facts keep rearing up to shatter their mythmaking. Few people any longer believe the claims of declining unemployment or low inflation at least based on purchases they make. The fable of a housing recovery is […]
High taxes have consequences. People alter their behavior in order to maximize after-tax returns. Or they change their time allocation at the margin, shifting more to leisure and less to work. The basic laws of economics (really human nature) govern outcomes. It doesn’t matter who or where you are, you prefer more to less. If […]
Detroit has fallen. The implications of this event are more important than most realize. Many previously-thought sacred cows were crushed in Detroit’s fall: In the most union of states and cities, unions learned that they are not sacrosanct. Investors learned that there are no risk-free loans. Uncuttable services like police and public parks were cut […]
This Chuck Asay cartoon captures what small business must feel like in this era of predatory government. It is like being a minor actor in Alfred Hitchock’s movie “The Birds.” Without reading the script, you know you are expendable.
David Stockman wrote an intriguing article which appeared in the NY Times. That it appeared in the Times is noteworthy itself, for it contradicts so many liberal shibboleths the paper has supported (promoted) for many years. Its appearance is less likely to reflect the first steps to Damascus and may be a sign of financial […]
It happens slowly and in ways never imagined. High US tax rates are destructive to the economy. Anyone with material income is changing his behavior, whether it is with respect to current earnings, investment income or even emigration. These microeconomic decisions, people altering their behavior to adjust or offset the pain government wants to inflict […]
A recent post on capital flight dealt with its leaving the country to destinations where it is treated better. The capital referred to included both physical and human capital. Capital does not have to flee the country for harm to occur. It merely has to flee the areas where it is under attack. With regard to […]
Capital has no nationality. It goes where it is treated best. As social welfare states grab for more and more money, they make it harder for capital and labor to be productive. At some point the coexistence of the welfare state with the productive sector becomes so strained that the productive sector either cuts back on […]
Suggested stops for the December rankings are provided below. These are mechanical calculations based on ETF volatility. As usual, the first column represents the price at the end of November and the second two columns represent possible stop levels. One is tighter than the other and whether you choose either or set your own is […]
The December rankings and performance of previous rankings are provided below. Â Suggested stop levels for each of the rankings will be provided in a separate post. December Selections
This update is based on market-close data as of November 22. Performance is based on beginning of that month’s rankings, assuming they were purchased and held for a full month. Stop placement or early selling would produce different results. So, too would different entry or exit prices. There is no way to account for early […]
The ranking of the 11 ETF Asset Classes routinely followed on this site is shown below. These rankings reflect the latest order produced by the algorithm used to rank individual ETFs. There have been some movements in these rankings reflecting recent market action.
The updated performance through November 13 is presented below. Additionally, the new rankings as of this same date are provided. Performance is based on the rankings as of November 1. The assumption is that you bought and held equal dollar amounts within a category and that you still hold these ETFs. If you entered at […]
Monty Pelerin's World discusses economic, political and financial issues from a free market perspective. All Posts
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