Friday, February 16, 2018

Stock market boom? What stock market boom? It's been a bear market for return since August 2000 . . .

. . . and it could easily continue to be a bear market for return for three more years. The average length of the last three secular bears was 20 years, and we're only at 17.4 years through January 2018. Or, it could all end Monday in tears. Have a nice weekend!

As good as you think it's been, average return is underperforming the long term average of 9.13% by almost 38%.



The legacy of Mueller and Comey is yet more FBI incompetence revealed today: Tipster phone call to FBI ignored

From the story here:

PARKLAND, Fla. - Gov. Rick Scott called on the FBI director to resign Friday after the agency admitted that it failed to investigate a tip in January about the Parkland school shooting suspect. ...

The FBI confirmed Friday that a tipster who was close to Cruz called the FBI on Jan. 5 and provided information about Cruz's guns, desire to kill people, erratic behavior and disturbing social media posts.

The FBI said the caller expressed concerns Cruz could attack a school.

Laugh of the Day, 2.0: Terrible day at Cape Canaveral


Laugh of the Day: Map of countries with cars in space (Elon Musk, eat your heart out)


Thursday, February 15, 2018

We have met the enemy and it's corporate America, for supporting amnesty

Farcebook, IBM you bm we all bm, Microsoft, Marriott and NAM, the National Association of Manufacturers.

Gee, US manufacturers want the cheap foreign labor just as much as the hotels. What was that again about bringing the manufacturing jobs back to America, Mr. President?

Corporate America ADMITS they hire illegals instead of you, here:

Ending protected status for DACA recipients would push them out of the legal workforce – costing companies as much as $1.8 million a day in restaffing, according to the think tank New American Economy. America's corporate titans have cited the potential damage to the nation's labor force in urging Congress to find a solution for those workers before the program officially winds down March 5.

More FBI incompetence: "Unable to further identify the person who made the comment 'I'm going to be a professional school shooter'"

According to the story here.

These malcontents can get a FISA warrant on the basis of Democrat opposition research to surveil Trump, but somehow can't get to the bottom of whose YouTube account was used to post what appears to be the Florida shooter's threat.

Reminds me of James Comey, the former head of the FBI, testifying about the San Bernardino shooting that he did not know how guns are purchased on the internet (they are not).

As I recall, Google can be compelled by a court order, but the FBI was obviously keeping the court busy with something "more important".

I don't remember ever seeing this during the Obama administration


Tuesday, February 13, 2018

The president doesn't need any stinkin' reason to revoke any Executive Order, legal or otherwise

The judges in this country need a good ass whoopin'.

If Trump has any balls he'll ignore this.

The story, "Court orders full restoration of DACA program", here.

Obamas' gay artist Kehinde Wiley uses four to ten assistants in Beijing to produce art cheaper, admits some of his paintings are complete frauds

Kinda like the former president himself, wouldn't you say?


The spectacle is always carefully staged, particularly with “the boys,” which can sell for more than $100,000. “There are certain ground rules,” says Wiley. Eight to ten paintings per show. Men, usually. Street casting: Wiley goes out with a team to recruit young men as models. Back in the studio, they leaf through art-history books, and the subject gets to decide which old-style work he wants to be portrayed as. He poses for photos, and the photos become templates for full-size paintings, which Wiley produces with his assistants in New York, Dakar, and Beijing.

Or not. In many cases, Wiley acknowledges, none of that official process—the street casting, the selection of poses from art books, the painting based on those ­poses—happens at all. “The clothing, sometimes completely made up,” he says. “The models themselves, brought in from a fashion agency.” And in at least one case, the “boy” is in fact a girl. “Oftentimes, if there’s a show of ten paintings, four of them will be complete frauds.”



Brian Wesbury is back in the excuse-making business for future GDP

Here, complaining that the upcoming two-year Republican $300 billion discretionary spending extravaganza will crowd out the private sector.

Really?

Republicans were quite content under Obama to permit deficits of $7,313 billion over eight years, and Wesbury chirped the whole time about his good old Ploughhorse Economy which produced, for him, passable GDP.

Republicans now are rewarding their constituencies through spending, no less than Democrats did under Obama. The constituencies are different.

We'll see if the spending gets as out of control as it was formerly, but the handwringing, given the disparities, is misplaced. 

Sunday, February 11, 2018

Friday, February 9, 2018

Investors Business Daily forgets that Bill and Hillary Clinton had FBI files on hundreds in the 1990s

Here in "Russia-Trump Investigation: How Did Hillary Clinton Get FBI, FISA To Do Her Political Dirty Work?".

The Clintons have lots of information on lots of people and have had for a very long time, since they occupied The White House for eight years from 1993-2000. Their unethical and illegal acquisition of the FBI files, Filegate, was a huge scandal in 1996.

That's how they run the FBI.

It's called blackmail.