Buyback shares = BS 101

I was in “Basic accounting 101”. The professor wrote “RULES” on the blackboard (an ancient visual communication device). Rule #1 – debits on the left, credits on the right. Rule #2 – Assets minus liabilities = net worth. While the blackboard may be obsolete, the rules still apply today. A recent Zerohedge article includes a chart outlining corporate bond debt […]

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When Congress names a bill look in the mirror

When Congress names a department and/or passes an “act”, it generally does the opposite of what it’s named. How “secure” is our Social Security, and how much offense has the “Department of Defense” been playing over the last several years? In October, the House of Representatives passed “The Retail Investor Protection Act.” The Investment Company Institute, (the national association of […]

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It’s time Uncle Sam takes a haircut at his expense

For the third time since 2010 social security recipients will not receive a Cost of Living Adjustment. The working class is cutting personal spending and businesses worldwide are doing the same. The Wall Street Journal reports: “More than a year after oil prices began their descent to under $50 a barrel from over $100, the number of energy-company layoffs world-wide […]

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The GWOET Strikes Again!

Since the August stock market reversal all eyes have been on the Federal Reserve. What will the Federal Reserve (who are more aptly named the Grand Wizards of Economic Theory, or GWOET for short) do to fix the world? Like Merlin the Magician, what magic trick will they come up with to cure the economy, stock market, labor market and underfunded retirement […]

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