Big Bull Down in Alaska

At Chippewa Partners we manage the investment portfolio's for many Americans who enjoy a variety of outdoor pursuits.   Here is a great photo of one of our clients taken in Alaska the other day. 

Congratulations Mike on a great bull!

Excuses in America

Can you imagine if Obama's excuses worked at your job?

"Hey boss, sorry I wasn't able to get that work done that you expected of me, all the things I promised to do for you. And I know things look worse than when I arrived. When you initially interviewed me for this position and I told you I was more than capable, I never realized how much your last employee would hold me back. You see, the guy who had my position four years ago just left things in such a mess that I haven't been able to get much done. But if you are willing to let me keep my job for another 4 years, even though I really didn't get into this with much experience behind me, I have a ton of great ideas that I'm sure I'll be able to get to this time around!"

QE3 has begun...........

Yesterday, the Fed reported the first $20.1 billion in net, non-rolling purchases of MBS eligible under QE3 (consisting of FHLMC, FNMA, GNMA and GNMA2, most likely the bulk of them coming out of a certain office in Newport Beach (PIMCO) which has decided to start locking in its monster profits for the year after getting QEternity spot on).

End result: jobs created or saved, ZERO!

Sickness in Economics .....

Listening to this MIT Professor,  James Poterba on CNBC this morning is extremely nauseating.

How on earth do clowns like this justify taking a single dime from their employers?

He couldn't make a forecast, weather or otherwise, if it was raining.

The guy spends 10 minutes telling us what all the problems are in America without offering a single solution.    This guy is all hat, ZERO cowboy.   Listening to him talk about tax code change, rather the lack thereof is  repulsive.

Where's Roy Grohs when you need him?

Friday History Lesson.........

In the midst of the Great Depression, Treasury Secretary Andrew Mellon famously advised President Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate” instead of propping each industry up with tax dollars. This liquidation doctrine would “purge the rottenness out of the system” and make certain that “people will work harder” and “live a more moral life.” Contrary to popular belief, Hoover did not take Mellon’s advice and went forth with his own version of the New Deal that gave relief to farmers and supported wage rates in certain industries. These efforts, which were exacerbated under the presidency of Franklin Roosevelt, effectively prevented the market from clearing. The boom of the late 1920s that was driven by the Federal Reserve’s monetary inflation was not allowed to bust. Instead of liquidating the debt and allowing the economy to reach a sound footing, both the Hoover and Roosevelt administrations attempted to manage it back to health. The result was the longest period of unemployment ever recorded in American history.

Ann Barnhardt speaking from the heart.....

I love what Ann Barnhardt is all about.   Here she lays out a couple of predictions I would tend to agree with her on......

Let me make two predictions: 1. Obama will be given all of the questions before the debate and will have canned answers for every question. Given what you have seen from the "media" in this country just over the last few MONTHS, do you have any doubt whatsoever that they would even hesitate to cheat? There is no way Obama could possibly engage in honest debate. He lacks the intellect to speak extemporaneously, much less to debate extemporaneously. The media in this country is now more dishonest than Pravda in the Soviet Union. And you doubt for a second that they will give Obama all of the questions in advance? Come on. 2. Romney is going to get some sort of position in Obama's "second term" regime. Romney isn't throwing an election for free. I could totally see Obama naming Romney to a cabinet or czar position. SECTREAS? Why not? The damage is already done and irreversible. Let Romney twist in the wind as SECTREAS while the economy collapses while Timmy Geithner lands an eight-or-nine-figure spot at Goldman or JP Morgan. My point is, I don't think Romney is just going to quietly go home to LaJolla.

NFL Integrity

Arguing about pension plans, winning, 401(k) plans, losing and money all revolves around the NFL owners.  The "integrity" of the NFL at stake?  Givemeafrickinbreak.

If America gave a shit about integrity of the "real game", say, social security, immigration, tax code changes, SNAP, EBT,  unemployment, housing, lies from the Fed, lies from the Administration, lies from Congress "they" might do something.

It should be a terrific Christmas for the economy, let's hope the football is good!

Clueless.......

War imminent, trillions in debt, rampant unemployment, a political system poisoned - and America is FURIOUS about their football referees.

God help us all.