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 swaths...men, 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...

Yikes

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.

Yes.

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!


Exactly!!

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

#Feminism

This...























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.

@Clintons

Iowahawk...what say you?

Thursday, November 10, 2016

To Progressive Whiners

Dear Progressive Whiners,

Please be assured that in the America that emerges in the wake of our most recent election, nobody will  deport, jail, inhibit, harass, waylay, Shangai, relegate, exile, oppress, persecute, torture, or subjugate you in any way.

You will however be mocked, ridiculed, caricatured, satired, gibed, taunted and generally lampooned should you not cease to be such ridiculous f**king weenies, pantywaists, babies, chickens, milquetoasts, fraidy-cats, pansies, wusses, milksops and all-around intestinal weaklings.

We have serious problems and we need serious people to help solve them.  No Pajama Boys Need Apply.

Regards,
DB

Pat Caddell Was Right

Carter-era pollster Pat Caddell put his finger on the mood of the citizenry several years ago...he called it "pre-revolutionary." 

As in ripe and ready for revolt.

We tend not to do things like storm the Bastille or break out the guillotine here in the good ole USofA.  We've developed and taking a liking to a more civilized ways to chop heads of our leaders (for which many of our leaders should be thankful), via the ballot box.

I'd say Caddell was spot on.

Earnest, Sincere, Dour William Galston Is Earnestly and Dourly...Wrong

Let's pile on the media some more...it's fun.

Despite the perfunctory caveat that he went to press before we knew the outcome of the election, William Galston pens a Year 1 road map for our next POTUS, and embarassingly sees HRC as a foregone conclusion.

"Mrs. Clinton must reach out..."

"So she should challenge the bipartisan congressional leadership..."

"She should avoid unforced errors that heighten partisanship.."

"She should make it clear that she intends to determine the composition of her own administration..."

"In shaping her first-year agenda, Mrs. Clinton cannot possibly..."

"This does not mean that Mrs. Clinton will (or should) simply repropose the bill..."

"Finally, Mrs. Clinton should pledge to avoid the language of demonization..."
Wow.  That's alot of stuff...and alot of assumption, alot of arrogant, cluelessly unknowing assumption.

Final tidbit...
"Instead, she should be forthright with the Republican leadership: Their failure to take their own party chairman’s advice to address this issue after Mitt Romney’s woeful performance among Latino voters set the stage for Donald Trump’s insurgency—and for his defeat."
Ouch.

Job Candidate...

Any of you corporations looking to hire?  Solid candidate right here...conscientious, hard-working, level-headed, presentable, incisive, and a joy to be around in the workplace.

Apropos

HAH!  I LOVE it!

As a former Marketing maven, having taken all the de rigeur classes to learn the fine voodoo art of marketing, I've heard this exact case study joke many times. 

Yeah, first order of business is make sure the dogs like the food...

These Things Must Be True, If You Believe Lefties

Here are some of the things that must be true for Democrats'  view of the election to be accurate:

- Tolerant and enlightened citizens of Wisconsin, Ohio, Pennsylvania, Iowa and Michigan turned into raving sexists in the span of four years;

- 42% of women hate women and wish to establish, essentially, an anti-woman police state (oh, and all of this was led and orchestrated by a woman);

- 30% of Latino voters voted to have themselves violently expelled from the country

- Minorities feared the imminent Trumpian Police State so much that they did two things: 1) stayed home, resigned to their fate, and 2) those that did show, marginally (2% for blacks, 10% for Hispanics) moved towards Trump.




The Krugman Buy Signal Is Back

The Krugman Buy Signal has a rich and storied history.  Here was yours truly talking about it 10 years ago.

Well, Krugman has out-done his previous awful market calls with a post-Trump flub.  The Powerline guys has the gory details...

Identity Politics Model Is Not Sustainable

You've heard of the "non-apology apology"? 

Well, if this WSJ article is to be believed (and perhaps not because it is very early days) we can coin some new terms, like the "tired and stale fresh approach" or something to that effect.

The article explores some thoughts on how the Democrats - now nearly completely eviscerated except for their most impenetrable coastal redoubts - can reboot.  Lots of happy talk about being more inclusive, which is code for more identity politics.  Not one single inkling that maybe they should stop calling people racist or stop calling men sexist or stop calling everybody a homophobe.

This is not a problem hidden deep in the weeds of our politics.  Let's harken back to one of Dan Henninger's best columns, "The New Stupid Party".  Read both but here's the upshot
When you've so thoroughly alienated entire swaths of the American electorate, it doesn't matter if you mobilize a small army of Sandra Flukes and the ObamaPhone Underclass, you're going to lose - there a lot of white guys, married gals and Southerners out there.
Well, the ObamaPhone Underclass stayed home and all those white people in - most notably Wisconsin, Ohio, Pennsylvania, Iowa, Michigan and North Carolina - who've been told they're racist these last eight years well...you know the story.

Too early to say whether the Democrats have learned nothing.  It bears watching, but the Identity Politics Model where everything runs on racial or gender grievance is breaking down, perhaps never to work again.  It is not sustainable to use a favorite word of the left.