Saturday, October 24, 2020

President Trump v Democrats

I voted for Trump.  I like Trump.  I like the Israel/UAE peace accord, a stronger military, secure borders, lower taxes, independence from Arab oil, record stock market highs, more jobs, law and order, record black and Hispanic unemployment and no more globalism.  As unconventional and abrasive as Trump is look what he has accomplished.   Nobody said he was a nice guy, and nobody said he wasn't a narcissist but he exposed the Deep State.  He has the FBI looking around on their heels.  The CIA is spooked.  He stopped the senseless killing in the Middle East wars and curtailed the Military Industrial Complex’s infinite waste.   He  also slowed the Pentagon waste and did his best for the nation against the scamdemic hoax I call the China Virus.

Is anyone with half a brain still giving any serious credibility to what establishment politicians and media sources claim about Trump?   Do you wonder how he ever became one of the most successful businessmen in US history while Obama never held a job that didn't carry a government paycheck?

The difference between me and a few of my Democratic friends ( I don't have many) are rather stark.  You see Trump's arrogance, I see Trump's confidence. You see Trump's nationalism, I see Trump's patriotism. You hear Trump's unsophisticated words, I hear Trump's honesty. You see Trump's racism, I see Trump's words being misconstrued and twisted by the media daily to fit their narrative. You see Trump as a Republican, I see Trump as a Patriot. You see Trump as a dictator, I see Trump as a leader. You see Trump as an Authoritarian, I see Trump as the only one willing to fight for our freedoms. You see Trump as childish, I see Trump as a fighter, unwilling to cave in to the lies. You see Trump as an unpolished politician, I see Trump as a breath of fresh air. You think Trump hates immigrants, I know Trump is married to an immigrant. You see Trump putting an end to immigration in America, I see Trump welcoming immigrants to America LEGALLY. You see Trump's cages at the border, I see Obama's cages at the border. You see Trump with a struggling economy, I see Trump with an amazing economy until the Democrats shut it down. You see the violence in the streets and call it "Trump's America", I see the violence in the streets of Democratic run cities who are refusing Trump's help and call it "Liberal America." You want someone more Presidential, I'm happy we have someone who finally doesn't just talk the talk but actually walks the walk. 

You and I?   We see things very differently.

Tuesday, October 06, 2020

A Vote for Biden will get you this...................

 DEFUND the POLICE and the MILITARY.........

UNLIMITED ILLEGAL IMMIGRATION

NO BORDERS or BORDER WALLS

PROTECTING THE CRIMINAL ILLEGALS

RIOTS/VIOLENT  PROTESTS without PROSECUTION or MEANINGFUL CONSEQUENCE

VOTING RIGHTS For ALL FELONS

NO PRESIDENTIAL DEBATES, esp for a mentally/physically unfit candidate.

NO ELECTORAL COLLEGE VOTES

CORRUPT VOTING WITH Democrat MAIL IN VOTING SYSTEM

EXPAND THE SCOTUS and insert corrupt Judges like Sullivan

ELIMINATE THE 2nd AMENDMENT and GUN RIGHTS

LATE TERM ABORTION ON-DEMAND PAID For By  THE TAXPAYER

COMPLETE ELIMINATION OF FOSSIL FUELS IN THE NEXT 15 YEARS OR LESS

ACA/OBOMBA CARE and or FREE HEALTHCARE TO ALL

MUCH HIGHER TAXES FOR ALL and MUCH GREATER CHOKING FEDERAL REGULATIONS

FREE HOUSING, GUARANTEED JOBS, FREE FOOD, FREE COLLEGE.

UNLIMITED FABRICATED FAKE EVIDENCE to ENDLESSLY INVESTIGATE  the CURRENT POTUS

RECEIVING CORRUPT FOUNDATION MONEY ( PAY TO PLAY ) WITHOUT CONSEQUENCE

 A VP/PRES FROM A FATHERS FAMILY of SLAVE OWNERS WITH MANY PLANTATIONS IN JAMAICA 

A VP/PRES FROM A MOTHER'S FAMILY in THE TOP CASTE IN A STRICTLY SEGREGATED SOCIETY IN INDIA

DEBATE WITH A not so secret WIRE AND EARPIECE cause yur too stupid to be honest about it.            

Do the bidding of the CCP and accept payoffs for the same.   

Sunday, August 30, 2020

Joe Biden. 1993

The crux of Biden's 1993 argument: It doesn't matter if minority criminals were "deprived as a youth," or had a "background that enabled them to become socialized into the fabric of society," or whether they're the "victims of society," they need to be taken off the streets.

"The end result is, they're about to knock my mother on the head with a lead pipe, shoot my sister, beat up my wife, take on my sons," 

So I don't wanna ask what made them do this. They must be taken off the street, that's number one. There's a consensus on that.

Unless we do something about the cadre of young people - tens of thousands of them - born out of wedlock without parents, without supervision, without any structure, without any conscience developing because they literally have not been socialized. They literally have not had an opportunity. We should focus on them now.

If we don't, they will. Or a portion of them will become the predators 15 years from now.... we have predators on our streets that society has in fact in part, because of this neglect, created them. Again, it does not mean that because we created them, that we somehow forgive them or do not take them out of society to protect my family and yours from them.

They are beyond the pale, many of those people. Beyond the pale. And it's a sad commentary on society. We have no choice but to take them out of society. And the truth is, we don't very well know how to rehabilitate them at that point. That's the sad truth."

We must make the streets safer. I don't care why someone is a malefactor of society. I don't care why someone is antisocial. I don't care why they become a sociopath. We have an obligation to cordon them off from the rest of society, try to help them, try to change the behavior - that's what we do in this bill.

They are in jail. Away from my mother, your husband, our families. But we would be absolutely stupid as a society if we didn't recognize the condition that nurtures those folks still exists, and we must deal with that."

Monday, July 06, 2020

Driehaus Active Income Fund LCMAX

Not certain who is responsible for the management of shareholders assets in this fund.

Frankly don't care.

Unfortunate that the portfolio managers appear, by the performance of the fund,  to be utterly clueless. 

Wednesday, July 01, 2020

The liberal left................

The Beltway lobbyists are looting everything. 

You are truly on your own if you remotely believe anyone in Congress or the Senate is worried about you and the Main Street America you inhabit.

What you have been subject to the last few weeks is utter chaos at so many levels of government.

Imagine the DNC, Basement Biden crowd picking up where Obama left off.........

Could anything be more ugly for America?





Wednesday, June 24, 2020

Own bonds?

The following analysis shows how allocations to bonds helped limit downside in the last two equity bear markets.
  • From September 2007 through March 2009, a simple 60/40 (S&P 500/7-10 Yr. UST) portfolio returned -23.92%. An all-stock portfolio returned -45.76%. The 40% allocation to bonds reduced losses by 21.84%.
  • From January 2000 through September 2002, a simple 60/40 (S&P 500/7-10 Yr. UST) portfolio returned –16.41%. An all-stock portfolio would have returned -42.46%. The 40% allocation to bonds reduced losses by 26.05%.
Heading into the two bear markets mentioned above, the 12-month average yield on ten-year U.S. Treasury bonds was 6.66% in 2000 and 4.52% in late 2007. At their lows, the yields fell to 3.87% and 2.43% for 2002 and 2008, respectively.”
A cursory glance at current yields highlights that those benefits are no longer available.

Floored Yields

Holding U.S. Treasuries maturing in ten years or less is likely to provide no price appreciation if yields fall to their record lows. If that’s the case, and given such low yields, those bonds are essentially cash surrogates with outsized risks.
The question for those bondholders is, why hold such bonds? Given the yields are not much above cash yields, they must believe rates can drop to new records. If they did not think that, why not just hold cash?
There are likely two factors that would lead to lower rates for the full maturity spectrum of Treasury yields.
  1. Deflation kicks in, boosting real yields, which entices investors to buy bonds.
  2. The Fed shows intent to reduce Fed Funds into negative territory.

Deflation?

Currently, inflation expectations are reduced from prior-year levels but are ticking up gradually and still well above zero. It is reasonable expectations fall if the recovery proves elusive.
Contrary, the Fed seems more than willing to push unlimited amounts of monetary stimulus until inflation is running hot. That potentially raises other problems. As the saying goes, “you can’t put a saddle on a mustang.”

Negative Rates?

Most Fed speakers, including Jerome Powell, have come out against negative rates. They seem to have noticed that such policy has damaged European and Japanese banks. The banks own the Fed, and therefore it’s reasonable to assume they will not repeat the mistakes by the other central banks.
“There’s no clear finding that it (negative rates) actually does support economic activity on net, and it introduces distortions into the financial system, which I think offset that,” Powell said. “There’re plenty of people who think negative interest rates are a good policy. But we don’t really think so at the Federal Reserve.” 
-Jerome Powell on 60 Minutes 5/18/2020
We certainly do not rule out negative rates but believe QE is the Fed’s preferred option.

Hedging with Bonds

While the inflation outlook and the Fed’s perspective can change, it appears yields may be at a floor. Based on the table, 30-year Treasury bonds can provide a 10% return if they decline to record low yields. Every other maturity, assuming the floor holds, will deliver cash-like returns in a best-case scenario.
Portfolio managers are in quite a quandary. Will they consider Treasury notes with meager yields and little upside an equity hedge? Are they willing to hold higher duration price-sensitive bonds with limited upside as a hedge?
The benefits of hedging with bonds have certainly changed from years past. It seems unlikely that a 40% allocation of bonds can provide 20-25% downside protection, as was the case in the prior two recessions.

Other Bond Asset Classes

Investment-grade corporate bonds and mortgage-backed securities may also offset equity exposure. The benefit versus Treasuries is they provide a little more yield. The cost for the higher yield are additional risks. Credit spreads on such instruments have a habit of rising at the most inopportune times.
The Fed is actively buying those sectors and not allowing risk to be priced correctly. Accordingly, those risks are minimal for now.  Use caution, however, the risk is higher for individual securities versus funds and ETFs representing those sectors.
Corporate and mortgage bonds offer some additional upside if their respective spreads return to their record lows. For reasons described above, that incremental benefit is limited though. 

GMAFB..........Bubba Smollett

15 Federal agents.   15.   To explain a garage door pull.

To NASCAR.

God help us.






Tuesday, June 23, 2020

So sick of excuses from so many quarters in life............

I'm sick.
I am way too tired.
I have more important stuff to do.
I will do it for sure tomorrow.
I am way too busy.

The list goes on and on and on.



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