Sacred Namer

Debt-to-EBITDA Ratios are Now the Highest in History

Every investor should pay very close attention to the above chart. Since "Debt to EBITDA" is at historical highs, what could possibly go wrong with one's current bullish position on the stock market? Oh, wait a minute! Do remember what happened in 2001 and 2008 to the stock market? But, I know that 2016/17 is completely different this time. Investors are so much smarter and wiser. Right? There is absolutely nothing to worry about going forward. I know what you are saying -- "FED" has by back covered.  Enjoy your weekend.

Waiter/Bartender vs. Manuafacturing Jobs

Who in their "right mind" believes the economy is on the right track after viewing the above chart? There is a world of difference between a $100,000 a year manufacturing job and a $10 per hour waiter/waitress job. Case in point, the U.S. has lost 195,000 excellent paying energy jobs since 2014. Ouch! That hurts the economy, since 70%+ of GDP is based on personal consumption. Let's not forget loss jobs mean less government tax revenues at all levels. The Wall Street Journal states that the current economy recovery is the weakness since 1949. In addition, the rate of home ownership has fallen to the lowest lever "ever!" President Obama is on track to be the "only President in U.S. history" to never have a single year of 3% GDP growth.

Bogus July Employment Numbers, Again!!

Unfortunately, the above chart underscores how the jobs recovery has been spearheaded by cheap labor since 2009, with job gains going disproportionately to the least educated and, of course the lowest-paid workers, many of whom have to work multiple jobs to simply make ends meet. And, you know those 255,000 jobs that were added in July. Guess what? 112,000 of those jobs were a guess by the Bureau of Labor Statistics (BLS), based on its Birth/ Death estimate of new jobs. That is, the BLS believes that of the 255,000 new July jobs that were created, 112,000 is believed created by new business startups versus businesses that have closed. In other words, 112,000 supposed new jobs are simply a fabrication by the BLS. Then again, who really cares. The majority of individuals (sheep) are simply too ignorant to do basic research, or call out the lies spurring from the BLS.

 

You Think Your Vote Counts. Think Again!

Repeat Performance

Japan has a debt-to-GDP ratio of 280%. China is at 300% debt-to-GDP. China has over $34 trillion of debt, and its banking system is flooded with bad loans. The best estimate is that China banks have $11 trillion of bad loans . That $11 trillion is the annual GDP of China.

In addition, Europe, Latin America, and Russia are in big trouble. Also, you have OPEC in deep financial trouble because of the depressed oil prices. No, I did not leave out the United States. Its economy is bad, national debt-GDP ratio of 104%. However, relatively speaking, its economy is simply the strongest of the weakest, which is one reason why I am bullish on the dollar. Strengthening of the dollar should continue as the sovereign debt crisis unfolds.

Where is the Hair, Hollande?

"Hollande is a socialist to the core; he claims to hate the rich, yet spends taxpayers’ money like nobody else. He spends $14,500 for haircuts. Sorry, but they charge me $11 for a haircut at “Great Clips,” and I give a $5 tip. I cannot imagine anyone ever spending that much to have their hair done monthly. Only a socialist would spend that much on so little hair."

What "Rule of Law?"

FBI Director Comey has presented his findings and Clinton will not be indicted. Please read "18 U.S. Code 793 (f and g)" after reading Comey's findings and ask yourself if we still have a "Rule of Law" here in the United States.

Haven't the Last Eight Years Been Great?

Marcionism

Marcion (85-159 CE): Denied the validity of the Hebrew Bible for Christians. He wished to separate Christianity from Judaism.  He taught that there were two Gods: Yahuah, the cruel God of the Old Testament, and Abba, the kind father of the New Testament.  He completely rejected the Old Testament, and any New Testament scriptures that favored the Jews.  As a matter of fact, he deleted any references to Yahusha's Jewishness.  

What Would You Rather Have?

Did Barron's Just Jink the Market?

The Forgotten Depression Of 1921: "The Crash That Cured Itself"

Whole Lot of Truth

Forty-Five Percent of Americans Pay No Federal Income Tax

That is right!  According to the Tax Policy Center, 45%, or approximately 78 million households do not pay any federal income taxes.  "Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.  On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam."

It is time for the "Fair Tax" where everyone would have "some skin" in the game.

President Harding and President Coolidge: What I Learned From Their Economic Policies

Tax cuts and budget surpluses go hand-in hand with economic growth; while tax hikes, budget deficits, and growth in government go hand-in-hand with economic disaster.  A great article to learn about such policies is entitled, "The Forgotten Depression of 1920." 

No One Really Cares About Economic Reality. Right?

Are You Sick of Taxes, Yet? Get Ready for Government is Going All In!

Here We Go Again!

215,000 New Jobs Created in March 2016

Tonight's headline on your local TV station will tout the creation of 215,000 jobs that were created in March.  However, what will not be reported is where the majority of those so-called new jobs were created.  From the above chart, the top three top sectors -- "Education & Health, Retail Trade, and Leisure & Hospitality" -- accounted for 65% of all job gains. This "growth" of minimum wage jobs took place while some of the highest paying jobs, including mining & logging, manufacturing, and transportation & warehousing all posted declines in March. But, as I stated, you will not receive this type of information on your local TV station this evening.