Phillip Davis has no idea who the hell I am but I found him to be a breath of fresh air when I ran across one of his postings on the
"Seeking Alpha" website. We quoted h im in our post:
(link)
Proof of the US Oligarchy and the need for a new REVOLUTION
Our site is not a "market" or "Financial" site, however we have consistently stated that if you want to know the truth, "follow the money".
So what does that have to do with Freedom and Rights which we are all about? Economy can enslave a people before the people recognize they have been enslaved. No shots fired. It is hard to concern yourself with which party is right or wrong when your worrying about how you and your four kids are going to eat tonight. That time is not coming. It is here. I know people in that position. We all do.
And as we have warned, it may not be long before the majority of us are in that position at a time when it will be to late to do anything about it other than serve the "master class/state."
Were going to steal the majority of his post for today as, for this "we" at least, it is a must read. But first from his
profile so you know that he knows what he is talking about.
Philip R. Davis (http://philstockworld.com/) is a founder of Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to eHarmony.com. Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks).
For space we will minimally edit his post ( However if you find a clear example how how
YOU are being screwed without the K-Y, feel free to look at the pictures. He always has pretty good pictures.) It can be found in it's entirety
here:
(Note: Our emphasis is in red bold italics).
WTF? I mean, really, how can the Dems fall apart this quickly?
I’m not going to get into a whole political thing here -
Jon Stewart already said it very well on Monday when this Senate race was looking bad but - HOLY COW, did the Democrats just blow Massachusetts? And don’t write in to tell me that technically, the Whigs and the Republicans were two different parties - Lincoln was a Whig, so if you want to keep claiming him you’d better embrace your party’s roots... The Whig party was on quite a roll at one time with Harrison, Tyler and Fillmore all holding the Presidency as Whigs, but after Lincoln made it 3 out of 4 Whigs to die in office, re-branding as Republicans seemed like a good idea!
Low revenues still concern me - Brinker (
EAT) beat low expectations but revenues were down 17.6% from last year and last year was terrible. Coach (
COH)
is holding up my rich getting richer theory as business there is up 11% with earnings about the same. In-line with our theory that retail investors have abandoned the markets,
SCHW reports 23.2% lower revenues than last year.
The tone of earnings so far - companies making profits on lower revenues through cost-cutting - does not bode well for the bottom 90% of society and a Global Insight study indicates that unemployment may persist above 10% in parts of this country through 2013. "
What is just as alarming as the double-digit unemployment in many of the nation’s major metro areas is the lethargic rate at which it will recede once the job market turns around," the report said.
In November, the last month for which citywide data is available, 17 metropolitan areas had unemployment rates topping 15 percent, according to the Labor Department. According to Global Insight, metropolitan areas account for 86 percent of U.S. employment and 90 percent of its economic output.
Isn’t that fantastic?
That means we (the top 10%) won’t have to pay them jack! They don’t need no stinikin’ health care benefits - they are lucky to have jobs. I bet we can even squeeze another 10% more productivity out of the 145M people who are working by increasing unpaid hours and decreasing paid vacation time and other benefits and then we can lay off another 14M people - they they will come crawling on their knees BEGGING for minimum wage. Muhaha - I love capitalism!
The only thing falling faster than
US Consumer Confidence (down 2 more points to -49) is
German Investor Confidence, which dropped 2.5% this month to 47.20 and is now
down 20% since October. Germans are understandably concerned about the ongoing crisis in Greece,
while Americans don’t understand where Greece is on a map and many people think it’s just a musical anyway, which is how US investors are able to plow money into the markets with such blind faith - as if nothing that happened in the past two years could ever happen again. Rational German caution running headlong into irrational American exuberance is pushing the Euro down against the dollar and that is going to be bad for the commodity pushers today.
Keep in mind that our working theory is that companies that service the top 10% will do great this earnings season, but companies that rely on the masses to consume will have problems as the masses are broke and getting broker and even forced purchases like commodities are unaffordable and people are simply learning to do without (ie.
demand destruction).
Speaking of demand destruction -
Producer Prices are in and they are up just 0.2% and 0% at the core, indicating that producers are unable to pass along increased costs to the consumers. Housing Starts fell another 4% this month, to 557,000 annualized homes, off the 572,000 projected. Keep in mind that this is down from 2.2M starts in 2004, 2005 and 2006 so 557,000 starts would be considerably less.
Keep this chart in mind when some idiot analyst tries to tell you how there are signs of improvement in the housing market…
We were building 2.2M
$250,000 homes back then, that’s $550Bn of economic activity, and now we are building 557,000 $220,000 homes and that’s $122.5Bn so $427.5Bn (77%) LESS in that industry alone.
What the hell are these people talking about on TV when they say things are turning around??? 557,000 homes works out to less than 1,000 homes per month, per state. How many people can that possibly employ? How many mortgage brokers or realtors will be able to live off those commissions? How much money can the banks be making lending money on those homes? How many fixtures will your local Home Depot sell based on that number of homes? 5? 10? THAT is what the economy looks like to
THE PEOPLE.
Europe is down about a point ahead of our open as
German Producers are also having trouble passing along increasing commodity prices with deflation still rearing its ugly head in the EU. On the other hand, the UK has inflated their money supply enough to create record
inflation for their people,
up an annualized 1% in a month to 2.9% for December and 50% over the BOE’s target.
Funny how fast these things can explode up on you!
BOE Governor Mervyn King said trade imbalances that helped push the global economy into its biggest recession since World War II are widening and “urgent” action must be taken to prevent more turmoil. “If countries do not work together to reduce the ‘too high to last’ imbalances, a crisis of one sort or another in financial markets is only too likely. Concrete steps to reduce the scale of global imbalances have, to date, been notable by their absence,” King said.
“Smiling family photographs marking the attendance at international gatherings are no substitute for specific actions.”
So happy Wednesday to you!
END>
Note the paragraph where in this phrase if found:
they they will come crawling on their knees BEGGING for minimum wage
We have made numerous references to how the working man has been shoved out of any sembalance of a fair capitalistic playing field. We have stated here:
(link)
1/12/10 Proof of the US Oligarchy and the need for a new REVOLUTION
and corrected our mistake here: (link)
America, now a Kleptocracy:
As we pointed out in:
America, now a Kleptocracy:
No less than a
Columbia University professor and Nobel laureate, Joseph Stiglitz, stated:
"Today, (at) most of the big companies you have managers who, when things go well, walk off with a lot of money. When things go bad the shareholders (Note: "shareholders." Whether though our own personal retirement plans or whatever meager little plan provided by whatever company you work for that may even have a retirement plan) bear the costs," he said.
and
Unlike Mr. Davis however, I have no problem making a political thing about the current situation. Unlike most political hacks and sycophant's however I will not place blame on one party or the other.
Both parties have had years to get us into this mess screwing us over in the process for their own profit.
The problem is however is US. We elected them into office, we turned our backs on them failing to hold them accountable for
"building bridges to nowhere" and it is "
We The People" who will suffer for our own selfish, apathetic, ignorance! And I have no problem using the the word selfish when you consider that by our failure to heed
Andrew Jackson's caution to be ever vigilant we have robbed our children and many generations to come of their future as freemen and women!
"But you must remember, my fellow-citizens, that eternal vigilance by the people is the price of liberty, and that you must pay the price if you wish to secure the blessing. It behooves you, therefore, to be watchful in your States as well as in the Federal Government." -- Andrew Jackson, Farewell Address, March 4, 1837
"Voting is no substitute for the eternal vigilance that every friend of freedom must demonstrate towards government. If our freedom is to survive, Americans must become far better informed of the dangers from Washington -- regardless of who wins the Presidency." -- James Bovard in Voting is Overrated
"If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too." -- Somerset Maugham
"If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; and may posterity forget that ye were our countrymen." -- Samuel Adams
"Argue for your limitations and they are yours"--Richard Bach
Add to Technorati Favorites
