28 May 2016

24 July 2014

Yahoo Finance Ventures into Onion Parody or Satire or Comedy or Something

Here it is, in case you need a good laugh, savor it slowly, it really is quite hysterical: Yahoo Finance Loses it

You have got to be kidding me! How in the wide, wide, world of sports did an article from the Onion get published as fact in the Yahoo Finance Section? Oops, maybe my bad, maybe this was actually written by a fact challenged individual with absolutely no demonstrated knowledge of capitalism, finance, manufacturing or marketing, much less rifles or guns.

Where to start? "..must be the chance to make money."  Duh, is that not the purpose of a corporation? I would think a Yahoo Finance Writer would at least suspect this.

 "..unusually powerful." Huh? the .556 (.223 as it is sometimes called) is medium powerful at best, especially with the wind behind it.

"In common usage, "tactical shooter" is one of the descriptions of video game features." What? I have no idea what this means, although I must admit I have never spent even one minute playing Halo or some of the other choice offerings of simulated digital war games. So I looked it up in Wikipedia, probably as accurate a source as the author of this article used for his Non-Beretta comments, and found that:  A tactical shooter is a subgenre of shooter game that includes both first-person shooters and third-person shooters. These games typically simulate realistic combat, thus making tactics and caution more important than quick reflexes in other action games. Tactical shooters involving military combat are sometimes known as "soldier sims".

" The rifle is remarkably sturdy, according the Beretta: "  Are syntax, grammar, or typographical errors mandatory these days?

Enough time wasted on foolishness, the above of course is just my humble opinion, written by a one finger a letter at a time mode in between chuckles and trying not to bite my tongue which was firmly implanted in my cheek as I practiced Fair Use of partial content for purposes of review and ridicule.

29 July 2013

Obama Now May Have Doubts ObamaCare Will Work

In the words of POTUS himself, Obama may have doubts his own healthcare law will even work. 

Implementation of the Affordable Healthcare Act, popularly known as ObamaCare. has been at best rocky, requiring many changes, delays in implementation, and still facing significant opposition at the state level. Recent Polls show high rates of public disapproval of the program, including 54% at CBS last week.

Responding to these polls and defending his namesake ObamaCare, POTUS said the " law will gain popularity once key provisions take effect next year and people are able to more easily purchase insurance."

Then he went on to say  " ......The test of this (ObamaCare) is going to be, is it working. And if it works, it will be pretty darn popular." (bold mine) This uncertainty was revealed during a New York Times interview buried in the last few graphs.

If it works. If ObamaCare Works.

The Times interviewers, Jackie Calmes and Michael D. Shear , sure missed their follow up chance on this one. 

Why do you think it might not work, Mr. President?

What happens if it does not work, Mr. President?

In just a few months, enrollment in the ObamaCare exchanges starts, with coverage to commence on January 1, 2014.

Perhaps we would be best served if we knew now what would happen if ObamaCare does not work. Soon it may be too late.

05 July 2013

A Good Jobs Report, or Was It? June 2013 BLS Report.

The BLS just released the June 2013 jobs report, to cheers and applause. It seems the number of jobs created exceeded the economists predictions, and resulted in the creation of 195,000 jobs in June and revisions of previous months added another 70,000 jobs.

Seems like good news all around, does it not?

But take a closer look at the numbers, as ZeroHedge does and you find the numbers a bit troubling. Their analysis: "...In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 - an all time record high. Full time jobs? Down 240,000.  And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs." Great charts at the source.

More sadly, the majority of the gains were in hospitality (often short term positions), waitpersons and bartenders, while the manufacturing sector lost about 6,000 jobs. A recovery will need a much better mix to take hold. Low paying part time jobs in an industry with high turnover certainly won't do it.

In other notes to the report, hourly wages crept up a bit, $.10 but the unemployment rate was unchanged at 7.6%

04 July 2013

An Independence Day Message

Fourth of July!

Independence Day means fireworks, hot dogs, hamburgers, cold beer and some summer fun. I hope you have a safe and enjoyable day.

I like to remember a man named Paul Harvey, and what he had to say about this truly American Holiday.

03 July 2013

It's a TRAP! Delay of ObamaCare illegal - Business still subject to fines.

Today the President unilaterally declared the non-implementation of a section of ObamaCare (ACA-Affordable Care Act) that seemingly will allow companies to postpone decisions about workers health care coverage and workers qualifications to fall under the program if they work more than 28 hours per week.

By what authority does he do this?

The law is the law and the effective dates is written in it, this can only be changed by an act of congress, not by a simple presidential speech. Or even an executive order.

So what happens if business owners act based on the postponement speech, fail to file the reports, fail to offer conforming healthcare programs or fail to pay the fines?

They are in violation of the law. They are subject to the many fines and penalties contained in the legislation.

If it looks too good to be true, it generally is.

05 March 2013

The Dow smashes record high, when will the crash come?

As I write this the Dw is at 14,276, well above the record high of 2007 and seemingly set for stratosphereic heights. What is fueling this surge? Let's see where we are:

  • Dow Jones Industrial Average: Then 14164.5; Now 14,276
  • Regular Gas Price: Then $2.75; Now $3.73
  • GDP Growth: Then +2.5%; Now +1.6%
  • Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
  • Americans On Food Stamps: Then 26.9 million; Now 47.69 million
  • Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
  • US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
  • US Deficit (LTM): Then $97 billion; Now $975.6 billion
  • Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
  • US Household Debt: Then $13.5 trillion; Now 12.87 trillion
  • Labor Force Particpation Rate: Then 65.8%; Now 63.6%
  • Consumer Confidence: Then 99.5; Now 69.6
  • S&P Rating of the US: Then AAA; Now AA+
  • VIX: Then 17.5%; Now 14%
  • 10 Year Treasury Yield: Then 4.64%; Now 1.89%
  • EURUSD: Then 1.4145; Now 1.3050
  • Gold: Then $748; Now $1583
  • NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
  • courtesy of Investment Watch

That takes a bit of the shine off, since the underlying economics simply just do not seem sustainable.

What to do? Maintain the ability to swiftly move your stock exposure at the first sign of a correction, anything over a 7-8 percent drop in the Dow, and take a look at options to any mutual fund accounts you have to move into a safethy zone.

And this time when the Dow crash comes, as it inevitably will, the safety of gold and especially silver will be where the money flows. Get there first.

15 January 2013

Major Dangers of Genectically Engineered Foods

This article sums it up better than I can. And provides many reasons why GM Crops and foods must be labeled for consumers.

GE Crops and Unsustainable Agricultural Practices are Destroying our Planet’s Soil and Food Supply

Genetically engineered crops and food products pose a threat to your health, resistance to disease, soil, and the global food supply. The biotech industry is riddled with corruption as companies clamor to sink their claws into the marketplace first, to get their seeds into farmers' fields ahead of the rest.

Read more here, please:  GM Crops pose worldwide danger