Negativity…its right for about a minute…
Well, well, well, if it isn’t Mr. or Ms. Negative Nancy! Let me tell you something my friend, being negative really doesn’t pay off. Sure, you might get a temporary sense of satisfaction by pointing out all the flaws or shortcomings in a situation, in a candidate, in a person or position or a situation but in the long run, negativity is a losing game. Does being negative get you what you want? Think about it, have you ever encountered someone who’s always spouting off negative comments and attit
The Banks ARE NOT going out of business..
No matter what the pundits have been saying it looks like the banks are not all failing…Per Bloomberg…the Federal Reserve’s Annual US Bank stress tests did not show major weakness.Michael Barr, vice chair for supervision at the US Federal ReserveWall Street Banks Ace Fed Stress Test, Clearing Way for Payouts
by Bloomberg News
June 28, 2023Wall Street’s biggest banks passed the Federal Reserve’s annual stress test, clearing a key hurdle for returning billions of dollars to investors.
The 23 l
Tic-Tac-Toe, the W.O.P.R. and the Budget Ceiling
In 1983 Hollywood was in their typical ‘lecture the masses’ mode and produced a B movie hit thriller that starred breakout stars Matthew Broderick and Ally Sheedy. WarGames is seen as a statement about the futility nuclear war but in today’s world it could be the poster child for the game playing in Washington. You see, like Tic-Tac-Toe and Nuclear War the budget ceiling debate is a futile, ridiculous game. In the movie a government defense system is hacked by teenage Brodrick and almost starts
Lock downs didn’t work. We must not now follow China into a never-ending lockdown nightmare.
A few months back I mentioned I dropped our local Chicago newspaper in favor of a more balanced English paper. Today I want to highlight a piece from their paper (which we would probably never see in Illinois) as it is beginning to show that people, or at least some people, are willing to discuss the horrible policy mistakes of COVID lockdowns. Mental health, physical health and economic health were all derailed by the policy. As we learn to live with a new disease, we must not expect our electe
So what exactly is a Recession? And why does it sound scary???
Turn on any broadcast today and you will see the hand wringing and the fear that is in that station’s spoke model du jours eyes. Its not rational fear but it is fear. Its the fear of a recession.The problem is those spoke models really have no idea what a recession is….BUT they dutifully read their teleprompter and tell us that the US is on the brink of a recession which is akin, in their minds, to the end of the world… and we all must be really afraid and hide. These were the same spoke m
Here we go again…Mr. Biden’s team Pitches an 8.5 Trillion Plan with a RECORD TAX Hike.
From Bloomberg
Double Speak Yellen?
Inflation is an issue. The reasons for it are complex and unfortunately not going away anytime soon. Oil jumped over $90 a barrel today and although the unemployment number (headline) was good, the fact is there are fewer people seeking work. Fewer workers, higher energy prices and a flood of cash injected into the system by policy makers all have a complex relationship and have led to inflation. Comments from our current Treasury Secretary are equally complex. And perhaps confusing as she buc
Green is Good. But ESG isn’t what it seems.
To start with I want to assure everyone that I believe we all should do what we can to make the planet a place that our grandchildren and future generations can comfortably live. In order to do this we should not waste precious resources, should do what we can to recycle and make sure that we leave the planet better when we leave than when we arrived. I also believe that all people are created equal. We are not all the same, but we are all equal. And I also believe in treating people the way th
There will be no Growth…growth is DEAD.
I have to apologize for the headline. I decided to write something that was New York Times catchy…you know, a headline that really wasn’t the real idea behind the article but was designed to make you look. Doesn’t have to be true, just draw you in.The real purpose of this article is to point out the insanity of what the pundits are talking about regarding the stock market…and to put reality in perspective.The headline should have been “Rising Interest Rates and Sector Returns”. Now don’t go
Buy? Sell? Invest or Panic??
Part IIn a world where supposed experts do not disclose their bias and then state their opinions as fact it’s no wonder investors become confused. Today this confusion comes in many forms…“Ok, there is inflation because I am seeing it in prices everywhere…it’s because of demand, supply chain problems and easy monetary policies, but interest rates are going down? The unemployment rate is at post pandemic lows, but Washington wants a 4 trillion stimulus bill? This stimulus bill will cost nothing