Fri, 21 April 2017
Now that is a headline.
The term "liquidity supernova" was coined by Michael Hartnett from BOA. He said:
"Liquidity supernova is the best explanation why global stocks and bonds both annualizing double-digit gains...."
The fact is, central banks have created a record 1 Trillion dollars in new debt in 2017.
That money is being used to fuel a bond and equity bubble larger than any in history. I shudder to think what will happen when they stop buying.
Most of Wall Street remains bullish, mainly because...well...most of Wall Street remains bullish. Nobody wants to be the guy who pulls out early and misses another 10 or 15 percent move.
Better to lose money with everyone else when the market turns than get out early and look like you don't know what you're doing.
But there is a small group of seasoned fund managers who are sounding the alarm.
This has been a great week of shows. Someone you know needs to hear them. Please share.
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Thu, 20 April 2017
Yes, that's right. As soon as the Jerry Seinfeld's "Super Terrific Happy Hour " ended the North Koreans warned of a preemptive strike that would reduce the U.S. mainland to ash.
It's funny and yet a little scary. Not because the North Koreans could make good on the threat but because they could make a mess of Japan and Guam.
An article from NBC points out that 1 in 4 men 25-34 live at home, are not in school and are not working.
That's sad considering 100 years ago a 25-year-old was middle aged and was already employed in a skilled craft. He had to be. America was at the start of its industrial revolution. Most people still worked in skilled crafts like farming, woodworking or saddle making.
If they didn't work, they had to rely on the charity of others in the community. A charity that was hard to get if you proved to be lazy or untrustworthy.
Now young people lay around waiting for a call back from the one job interview they had this week.
What I find saddest is that we did this to our kids. We raised them to expect success to come ease. We told them they were special, that they were unique and that if they just follow the checklist, there would be someone waiting to pay them a small fortune when they finished.
Life doesn't work like that. The world can be a cruel, ugly place. Nobody cares how good intentioned you are. They care about results. They care about value, and if you don't add any to the bottom line you can be sure of one thing...
You're not going to matter.
Wed, 19 April 2017
Yesterday I read a piece on an obscure website that I won't mention because I don't want to give them any SEO help.
The article was a justification for why it's immoral to be wealthy.
This is an idea that's been around since the dawn of time. What's frustrating is that we know have the economic knowledge that should make these kinds of arguments non-existent.
But because of our poor education system and economic illiteracy, I find myself, yet again, explaining why wealth is important.
I think you'll enjoy today's episode.
Mon, 17 April 2017
Friday I reported on a Huffington Post article by a South African college student who suggested a denial of voting rights to white men would solve all the worlds problems.
It turns out that article was likely written by someone inside the HuffPo to generate outrage AND a whole lot of clicks.
It's a modern version of clickbait perpetrated by a news organization considered by most progressives to be "legitimate."
While this types of blatant fraud are less common what has become common place is an agenda driven mainstream media where facts are far less important than playing to the hopes, fears, and emotions of the reader.
Finding the truth in the 21st century is a struggle. Lucky for us there are still third party sites and rogue journalists who are doing good work but if big media and the government get their way they'll silence anyone without a platform big enough to be considered "legitimate."
More discussion on this topic and a great example of crony capitalism today on the Jason Stapleton Program. Listen Now!
Fri, 14 April 2017
In a stunning display of authoritarian reasoning activist Shelley Garland, writing for the Huffington Post is calling for the abolition of voting rights for white males in South Africa.
That's right, according to Shelley white men should be prevented from voting for the next 20-30 years, so the world has a chance to reorder itself in a more fair and equitable way.
I know you might be thinking this is some extremist pushing an idea that will never get any traction...
But I think it's important to not that this is how unacceptable ideas become acceptable.
By speaking them out loud, proudly, and chastizing anyone with an opposing view, these kinds of ridiculous ideas move from impossible to horrifyingly real.
I would be amiss if I didn't point out that much of the rationale used to defend her argument were the same ones made for denying rights to Jews in Germany.
Thu, 13 April 2017
I wanted to talk a little today about the battlefield and the difficulty in understanding what's true and what isn't
The Syria chemical weapons attack is a perfect example. The Syrians deny doing it, we say they did, the president says there can be no question, and the Russians say it never happened.
Who's lying and who's telling the truth?
We may never know. Today we'll look at a similar story involving a U.S. attack on a warehouse.
Apparently, we accidently killed some innocent people in the attack, but the Syrians say we hit a chemical weapons depot killing hundreds.
Everybody has an agenda, so it's hard to know who to trust. The truth is, we may never know. On the battlefield intelligence is often difficult to sort and verify.
It could be everyone THINKS they are telling the truth when in fact none of them have the whole story.
We also spend a lot of time today talking about business and how an economy works.
Big show, lots to cover. Don't forget to share!
Wed, 12 April 2017
Robert Kaplan, the president of the Dallas Fed Bank, warned this morning that "we are highly leveraged." and that the countries ability to boost growth through debt are limited.
Now that might not make a lot of sense to some of you, but after today's show, all will be clear. You'll understand it so well by the end of the show you're friends will marvel at the depth of your knowledge.
We'll then take a look at Puerto Rico, a province that tried to use debt to grow it's way to prosperity. It didn't work out so well.
That's not a good sign.
I've got all of that in the stack today. Looking forward to sharing with you.
Tue, 11 April 2017
Mon, 10 April 2017
Well, if you're wondering what 96 million dollars worth of Tomahawk missiles bought us the answer is, "not much."
Reports started coming out on Friday that the Syrians resumed launching airstrikes from the airfield we bombed just hours after we finished.
To add insult to injury, Iran and Russia just sent us an ultimatum. In short, they said, if you try that again, we're going to strike back.
This creates problems for Trump. Not only was his strike ineffective but now he risks starting WWIII if he takes action again.
This is exactly why you don't start wars you're not prepared to win. Syria is a country that did not attack America and a country that poses no threat to our liberty. We should have left well enough alone.
Fri, 7 April 2017
Yesterday, the President of the United States took unilateral action to bomb a sovereign nation that had not attacked us or threatened our liberties.
In response, the media and Congress have moved swiftly to reinforce several key points that help to justify the president's actions. For the President to be safe from criticism, the media must ensure the narrative that Trump's actions were.
What I will do today is show you how the media, with the help of some slippery politicians, are accomplishing this.
Get ready; this is not going to be pretty.