Archive for the ‘Current Events’ Category

So Long For a While!

November 18th, 2010

Folks, I want to take this opportunity to thank you for subscribing to my blog. And I want to give special thanks to those of you who have added your comments, both supportive and contradictory. It’s flattering to know that others think enough about what you have to say to not only welcome it into their mailboxes every week, but to digest and think about it.

This will be my last post for a while—perhaps for quite some time. And, this evening’s broadcast will also be my last for a while as well, as I’m also going to take a sabbatical from my on-line “radio” show. Both of these activities have been labors of love. But they have both consumed considerable time, energy, and thought—resources that I’ve decided to apply exclusively to a couple of other things.

The first is a very exciting, new project whose mission is to promote financial literacy. As most of you who have known me for a while know, this is—and has been—a passion of mine for some time. And, I’m going back to school to acquire some skills in the graphic arts and video field that I can apply to this project. And I’m looking  forward to both the education and the constructive result.

I’m also going to play a more active role in helping my wife, Dianne, with her business. She’s been doing a fantastic job as it is; but it’s time for me to be more actively supportive than I have been. I think this will be fun as well.

So, thanks again for both your interest in my effort to help you be more successful investors, and your indulgence when I’ve occasionally drifted off target to rant a bit.

I’ll keep my Web site open at The archives for this blog will remain there for anyone to prowl around in and refer to. And, there’s no need to unsubscribe, should you want to know about it when or if I should start back at it again.

Best wishes and so long for a while!

Current Events, Food for Thought, Fundamental Investment Views, How to Invest, Investment Concepts, NAIC Veterans' Lounge, Stock Market Shams, Successful Investing

Five Reasons I’d Vote for Obama in 2012

November 2nd, 2010

The mid-term elections are about over, thank goodness! And it appears that we’re finally going to get off our apathetic duffs and put people in office who at least claim to want to show some fiscal responsibility. They will have work to do, to nurse the nearly cooked goose—mother of our golden eggs—back to health.

Barrack Obama was selected to be his party’s champion because he was one of the most articulate speakers his generation has produced. What’s more, I have to acknowledge that a relative newcomer like him doesn’t get as far as he has, without having more behind his eyes than the average, and without having enough street-smarts to work the political machinery, from ward to world stage.
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Election Day: My Wish List

October 26th, 2010

Well, here it comes! Expected to rival the rout of 1994, next Tuesday should see a relatively large turnout.

Why? Because all of those who sat on their hands before, thinking their votes weren’t worth the trouble, have had a chance to see what happens when apathy rules. And they’re not about to sit still this time and let us get deeper into the hole.

While the only question remaining seems to be how much of a rout it will be, until the day after, there’s no telling who will represent us going forward. But, I do have a wish list for the electorate, and it goes like this:

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Sorry Seniors

October 19th, 2010

For the second year in a row, the Consumer Price Index has not increased and the Social Security Administration has announced that there will be no Cost of Living Adjustment (COLA) raises going to Social Security recipients, disabled workers, or survivors of deceased workers this year. And the seniors are up in arms about it.

Now, mind you, I’ve been a senior citizen—for quite a while now. And Social Security makes a welcome contribution to my retirement income. But the sole purpose of the COLA provision was to help people overcome the ravages of inflation; and, if there ain’t any, they don’t need that protection!

Sure, I’m familiar with the argument that the increase in cost of the things important to seniors, like food and medicine, has not abated; and the the things that held prices down were those that did not affect them.
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Rich Man, Bad Man?

September 27th, 2010

Hey, I know I’m preachin’ to the choir here. Anyone reading this blog is probably already pretty savvy about economic issues. But this is a topic I touched on at the end of one of my on-line radio broadcasts a couple of weeks ago, and it needs a whole broadcast to get the point across. So we’ll do it this coming Thursday evening.

The middle-class is evaporating fast enough to make your head swim! The chasm between the haves and the have-nots is widening by the day; and the number of people who are receiving money without earning it are commencing to outnumber those who are earning and paying for them.

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Whither the media (or Wither the media)

September 22nd, 2010

I’ve been wanting to vent about the media for some time; so here goes! And I’m going to violate a basic precept when I do—I’m going to generalize.

In general and with notable exceptions, those who write or speak in the media are very bright, well educated, academically grounded, and articulate people who, despite their protestations to the contrary, are egregiously irresponsible, self-righteous, and self-important! In the name of honesty, forthrightness, and zeal to fulfill their fancied obligation to honor their readers’ and listeners’ right to know everything, they say and do things on a daily basis, the result of which can destroy the very rights they claim eagerness to uphold.
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Reality Shows: You gotta be kiddin’

September 7th, 2010

How can we be as obsessed as we are with so-called “reality shows,” when, as a nation, we try so hard to avoid facing the greatest reality show of all: life in these United States?

Here’s reality: if President Obama has his way. our politicians are going to vote on whether or not to spend another $50 billion on repairing our infrastructure. The Republicans will oppose it, because they oppose “yet another stimulus” without any committed means of repayment. And it will probably fail, because the Democrats fear for their political lives, having already mortgaged our grandkids’ lives on their watch.

Of course, if this country were as well off as it should be, that expenditure wouldn’t be at all controversial because, rather than being a discretionary item, it’s one of our essentials!

But the consummate reality is that we’re so broke, we can’t afford to fix our roads, bridges, and waterways. And the only way we’re going to keep from living under one of those bridges—or, in a global context, keep our nation out of the hands of other hostile nations—is to live within our means. To do that, we must either cut our costs or make more money!

What are the chances of our turning things around? Far from acting responsibly, making the tough decisions, or even knowing what those decisions ought to be, our political parties bend over backward to enfranchise those who, to feed the hungry, would make a meal out of the goose that lays our golden eggs!

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The PE: On its way out?

August 31st, 2010

Technical AnalysisThe Wall Street Journal strikes again! This time it’s an article entitled “The Decline of the PE Ratio.” And once again, it was too hard to pass up as a topic for this blog.

The first sentence alleges that the PE ratio “is shrinking in size and importance.” And it points out that, in spite of the fact that U.S. companies announced record profits during the second quarter—beating forecasts by more than 10%—the market dropped 5% this month.

It goes on to connect the dots, making the point that “the market’s average price/earnings ratio…is in free fall, having plunged about 36% during the past year,” and claiming that, because PEs have declined while earnings have risen, that the PE ratio may no longer be a reasonable metric by which to value the market. They’re absolutely right…if the market is what you invest in!
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Now it’s the “Hindenburg Omen”

August 17th, 2010

This past Saturday’s Wall Street Journal contained an article entitled “‘Hindenburg Omen’ Flashes.” Although it wasn’t offered as tongue in cheek satire, it just has to be! How else can one explain such a respected publication giving space to Wall Street’s equivalent of “Chicken Little”?

For me, the article is priceless, because it so articulately describes the kind of thinking that surrounds the herd and its minions.
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Current Events, Food for Thought, Fundamental Investment Views, Investment Concepts, Stock Market Shams

Church, State, and Commonsense

August 3rd, 2010

Our nation’s founders were wise to constitutionally prohibit our country’s endorsement of any church. They were also very wise to have infused religious principles deeply into the covenants governing our nation’s founding.

The distinction between “religion” and “church” is one most of us miss. The former is a set of principles—a philosophical common denominator among all faiths that represents “best practices” for man to live with man. The latter is man’s imperfect effort to document, offer some divine authority for, teach, and enforce those principles.

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