Wednesday, June 07, 2017

I Will Be Right About Musk Someday Soon

I've laid down my markers before, in 2015 and 2016...

Is the "magic" wearing thin...?

Time will tell.

Friday, June 02, 2017

Repeat After Me, Again: China Is Not, Will Not Lead on Climate

Lots and lots of dumb shit commentary in re Trump's Paris pull-out out there, but I'll focus in on what I know.  Here the dumb that I want to address:

Trump Cedes Climate Policy Leadership to Xi With Paris Accord Exit

This is a good time to reprise what I wrote previously about China's energy policy.  Go here to read it in full, but the basics are this:  China cares not one shit about "climate change", China is embracing any and every energy source and potential future energy source out of STRATEGIC PRUDENCE (yes, I'm shouting).  China wants to play with it all.  It is expanding use of coal with abandon, it is securing access to oil through loans, exploration and quasi-colonization of poor but emerging oil-rich nations, and...BIG is spending billions to fortify its maritime dominance in waters under which lie one of the greatest untapped HYDROCARBON energy sources - methane hydrate. Yeah, and they're doing wind and solar too.

China wants to grow, get rich and dominate...or at least not be dominated.  As such it will need lots of energy and it makes sense to establish beachheads in energy sources and technologies that may or may not emerge as the sources of the future regardless of their putative climate-friendliness.  

One tactical manifestation of this strategy is that China is displaying a phony climate consciousness to secure cooperation and access on technology that is developed outside of China.  It is saying "Hey man, this climate change stuff is scary, could we look at those patents and could you teach us how to build that cool climate thingamabob so we could build it too?"  China is getting a cheap future energy hedge by pretending to care.

Monday, April 24, 2017

Twilight Zone...

This could actually be today's headline:

"Global Markets Rally Adds Billions, As World Relieved that 39-Year Old Who Married His High School Teacher Will Lead France."

Against All Odds...? Not Really

I would expect nothing less since the government is their silent partner...

"Against All Odds, the U.S. Tobacco Industry Is Rolling in Money"

Thursday, April 06, 2017

Whoops. World Leaders Shrug At Trump Global Warming Moves

"World Leaders Watch in Silence as Trump Imperils Climate Efforts"

That's because they are relieved.  They don't want to spend the money, hobble their economies, and be shaken down by poor countries for climate bribes.  They can dispense with the virtue signaling, and they have Trump to thank.

Full article here.

Thursday, March 16, 2017

Pretty Clear Wall Street Hates SNAP

Random comment/analysis that may interest no one but me:

It is now very clear from events that the Snapchat guys (Spiegel and Murphy) were probably huge dicks during the IPO process and their bankers came to hate them.

The mere presence, let alone the amount and timing, of "sell" ratings on SNAP makes it clear that Wall Street hates these guys.

Tuesday, March 14, 2017

Final Nail In Climate Change Policy??

Whether man-made global warming climate change is real and/or a danger or not is beside the point at this point.  The critical issue if you care about global warming climate change is "what is to be done."

For a long time now, I've argued that nothing really is going to get done to do whatever it is that global warmists want done.  The first reason was that too many countries rely on oil or other hydrocarbons for their very existence.  Second, Europe - the political vanguard for this crusade - is broke.  The third reason is that the really big emerging markets (China, India, Brazil) don't believe in or don't care about global warming climate change.

For the last eight years though, at least the warmists had Barack Obama, who gallantly tried to roll the stone uphill for them.

Well, now we have Trump.  Without expressing my own opinion on the matter we can now add Trump as the fourth table leg that cements global warming climate change as a fringe issue for years to come.

I can't find it on the interwebs right now, but I am reading on my Bloomberg that the Trump administration
"is set to sign a sweeping directive to dramatically shrink the role climate change plays in decisions across the government..."
Fear not though Global Warmists.  After 4-8 years of negative US leadership, and the attendant lack of leadership from the followers around the world, I'm sure the fight can be resumed easy-peasy sometime around 2024.

Friday, February 24, 2017

The "Not-A-Conservative" Trump Sure Looks Pretty Damn Conservative (Boo-Yah)

Funny how all during the campaign we were told Trump wasn't a conservative.

And yet he's turning out to be a (real) conservative's wet dream...

Check this out...sweet mother of God does that make my heart go all aflutter...

Wednesday, February 22, 2017

More (Totally Predictable) Lefty Backfire

A few years back, lefties engineered an attack on Chik-fil-A and managed to catalyze the largest one-day sales tally in the history of Chik-fil-A.

They drove crafters and hobbiers to go deep in support of Hobby Lobby.  People not-of-the-left even rallied to Whole Foods's side in during the ObamaCare runup after CEO John Mackey said OCare wasn't his cup o' herbal fair-trade tea.

The entire 8-yr presidency of the Lightworker was a ravenous gun-buying backlash against the forces of leftism.

Now, they have done it again with Ivanka Trump's perfume.

When will they ever learn?

Friday, February 10, 2017

Government Junk

Almost seven years ago, I told you to throw out the Corporate Finance textbook, where it is written as gospel that sovereigns (the serious ones at least) are better credits, i.e. more "riskless", than corporates.  I said that was changing.
Frankly, I see less risk in any number of institutions with names like Colgate-Palmolive, Johnson & Johnson, IBM, Proctor & Gamble, Clorox etc. In today's world, these are the less risky bets and the US government ought to pay me a premium for capital that I could otherwise tie up in the equity of these institutions....What type of institution will act with speed, wisdom, and effectiveness? Shouldn't you pay more for these qualities and less for the lack of these attributes? I believe so, and I think this will be the new reality a few years down the road.

Lo and behold, from Bloomberg today: "It's a Bad Sign When Unilever Yields Less than France"
Do you prefer Marmite debt over La Belle France?
Unilever NV, with its A1/A+ credit rating, managed a yield of just 1.03 percent for the 600 million-euro ($641 million) 10-year bond it issued Wednesday. France's Aa2/AA rating doesn't seem to be doing it much good, since its 10-year yielded a few basis points more at the time. 
Unilever is at least cash flow positive whereas France does have an ever-expanding deficit, but is the market really saying that Unilever has greater placement control of toiletries than a major European sovereign has in raising taxes?
Who could have seen this coming??

Thursday, February 09, 2017

Warren vs. Sessions Is Another Oblique Anti-Southern Unforced Error

Here is the jujitsu strategery behind the Rule 19 rebuke of Elizabeth "Sitting Bullshit" Warren.
The more she speaks, the better for conservatives.
That is true, but there is more.  Over the last, oh say, 20 years, the Democrats have abandoned (abandoned in the sense of kick, punch, hog-tie, spit on and then walk away from) certain very large electoral, the South, and married women.  Even regular Democrats, to say nothing of "liberal Democrats," have been all but swept from the South.

Republicans relish this, it's a huge pickup for them, and it could last a generation or longer if all goes well.  So anytime the Dems want to shit on the South, Republicans are gonna let 'em, and this example is the triple bacon cheeseburger of political red meat - shrill, socialist harridan of Massachusetts raging against calm, collected, grey-haired man with a heavy Alabama twang.

This about making Warren the voice of the Dems AND about shoring up what is now a Republican fortress in the American South.

Tuesday, February 07, 2017

Audi's Obnoxiousness 2.0

I've been out of the blogging loop for awhile.  But I can't resist jumping back in...the proximate cause being that Audi is at it again.  There has been alot of commentary about Audi's tediously self-regarding SB 51 commercial addressing the "wage gap".  Here is fair commentary that I can't outdo.

I would only note that this is not the first time Audi has been annoyingly superior than thou.  See here - right-thinking folks are virtuous and ought to get to cut the line.  Again, what Audi is doing here is fawning all over upper class, white urban lefties in the hopes that they'll choose Audi over BMW or Mercedes or Lexus.

Friday, January 20, 2017

Michelle Obama Rolls Out of Bed for Tea with Trumps

The fashion world has fawned over Michelle Obama for eight years, lauding her style and elegance like hardly any woman ever.  The extreme extent of it was sycophantic drivel and lefty hero-worship, but it was grounded in truth, the out-going FLOTUS can cut an elegant figure.

Which makes this photo all the more telling.  For such a stylish person, this is basically PJs and hair bunned up with a SCUNCI ala my 15 year old daughter on any given Tuesday.

Thursday, December 22, 2016

Alternate Headline...

Monday, December 19, 2016

How Are My Five Pillars Holding Up?

Hey, remember my five pillars of investing in these times?

Quick review and update:
1) The US Federal Government is Broke - Nothing changed here...
2)  Inflation is Coming - Fed admitted so last week when they raised rates
3) Global Warming Is Dead - Trump picks Perry and Pruitt to fill cabinet, Paris accords dying...
4)  The Future Does Not Belong to China - China debts gotten worse, they're defending the yuan like crazy...
5)  War Is Coming - Hmm, Aleppo is in ruins, Russian ambassador shot, China putting weapons on those man-made islands...


Hey, no biggie...

Wars don't start this way...

Obama Denouement

Michael Goodwin says that it ends with a whimper, wrapped up in recriminations and self-pity.


Nearly the very day the Lightworker was elected, I said we bought ourselves a pig in a poke.  I since elaborated on my we should have expected nothing short of disappointment.  It was written in the stars...inevitable.
That anybody expected even the most basic level of governance from Obama, let alone monumental and transformative things, is the story of greatest import here. And it is not that the hope, dreams and expectations placed into the Obama vessel were so grand, it is that the vessel that is Obama is so small. I have said it before - in November of '08 I said we bought ourselves a pig in a poke. Later I said that disappointment and pain is what we deserve given that we elected a man of no consequence and no achievement to the highest office in the land. Why we expected a man with no discernable track record or proven record of leadership to lead and to achieve in the name of this massive and complex society is a story of historical proportions. Did we think that plucking just any man off the street - essentially what we did - to wield enormous power was wise? And a young man to boot. And a man who never held a job at a profit-making organization. Why did we think that the wisdom acquired over a long life and the first hand knowledge of commerce gained by private sector work somehow weren't relevant anymore? Why did we think that - after over 200 years of electing (with a few exceptions) staid, boring, but presumably wise, adults, who could draw to them the counsel and assistance of many more wise, older adults - we needed a rock star of relative adolescence? Why did we think that a man with no knowledge of the private sector would lead a mostly private sector nation out of a severe economic slump? Why did we think that a man who consorted with raving America-haters would inspire a mostly proud and patriotic nation to excellence? Why did we think that a man who views our role in the world as flawed would draw our allies nearer to us? Why did we think these things?
From Day one, I saw this.

Thursday, December 15, 2016

Left on Tillerson and Puzder: How Dare They Be Effective!


That was his job.  As was selling hamburgers to, mostly, young men was Andy Puzder's. So his company advertised thusly...

The point then, at bottom is that both of these men were effective at their jobs. 


Friday, December 09, 2016



to this
Image result for hillary supporters crying

Friday, November 11, 2016

America, You WILL F**king Be Ruled By Clintons!!!

Sometimes you just have to wonder...

In power for 8 years.  Hang around while out of power for 8 years.  Hang around, kinda in power, for another eight years.  Seek to be in power again for, at least, another 8 years.  Get embarrassingly smacked down by improbable, clownish opponent.

What do you do next?  Try to push your way into power anew.


Iowahawk...what say you?