For once I agree with the broken clock Peter Schiff: Peter Schiff: “The Fed Won’t Raise Rates, It’s Part of the Bluff” The human bullhorn is right. All this speculation about a rite hike is just that – speculation. The fed isn’t going to do anything until the very, very end, when it’s so obvious… Continue reading Interest Rates Are Not Going Up
Revisiting the SVXY strategy (and why I like SVXY over VXX)
In October 2014 as the Market plunged, I devised a strategy to make money buying SVXY call options. To get up to speed, read part 1 and part 2. I also recommend checking out DRT trading …I just found this site today and it is perhaps one of the best websites on index option trading… Continue reading Revisiting the SVXY strategy (and why I like SVXY over VXX)
How the left spreads misinformation, fear, and bad advice to ‘save/protect’ people
In their war on the ownership society, the left wants people to rent instead of owning homes. Because so much wealth is held in real estate, one way for the left to accomplish their goal of making society poorer is to get people out of homes and into rentals by spreading misinformation about real estate… Continue reading How the left spreads misinformation, fear, and bad advice to ‘save/protect’ people
A Post About Steve
Rather than having a monomaniac fixation on one or two subjects, Steve is well-read, his blog serving as a platform to showcase his broad repertoire of knowledge – from sports, to movies, to history, and books (particularity, his fondness of Robert Heinlein, Hunter S. Thomson and Tom Wolfe) – to his tens of thousands of… Continue reading A Post About Steve
Our STEM Nobility
From Fortune: Here’s why female engineers are posting pictures of themselves on social media Everyone is obsessed with STEM, particularity with females in STEM. Would Fortune do a cover article about ‘this is what a female hair stylist looks like?’ no. A STEM degree, particularly in mathematics, physics, computer science, or engineering is the cachet… Continue reading Our STEM Nobility
Reiterate: Buy the dip
Reiterate: Buy the dip The market keeps falling even though the fundamentals of the US economy aren’t worsening. Right now, the major indexes are close to the lows made in August during the beginning of the sell-off. (click to enlarge) The recent selling bears a strong resemblance to prior selling in 2014 and in 2011.… Continue reading Reiterate: Buy the dip
Is James Altucher Right About Never Buying a Home?
James Altucher really doesn’t like home ownership, but repeating an argument ad nauseam doesn’t make it good advice. James had a negative experience with real estate due to bad dotcom investments, in addition to 911, which forced him to sell his newly purchased expensive New York apartment at a loss, not because of New York… Continue reading Is James Altucher Right About Never Buying a Home?
In Defense of Gawker, Sort of
As awful as Gawker is, if you get rid of Gawker they, the left, will probably try (or at least make a more concerted effort) to get rid of Brietbart and other right wing media. A lot of left doesn’t like Gawker too much, either. There was an incident where Gawker management ignored trolling of… Continue reading In Defense of Gawker, Sort of
China and The Liberal War on Success
Why does the crisis-seeking left want the economy of China to fail? Simple, because: In the late 70’s, China rejected Maoism and the Cultural Revolution, becoming a ‘Communism in name only’ type country, allowing for the proliferation of thousands of successful companies, eventually becoming the second largest economy in the world, with many billionaires and… Continue reading China and The Liberal War on Success
Bailouts, Obama, and Debt
From Christopher Cant-think-well: And Then The Market Crashed Anyway He writes: You might recall that incident, when George W. Bush said he had “abandoned free market principles to save the free market system,” don’t you? Lotta good that did. Last time I checked, it may have done a lot of good. The S&P 500 has… Continue reading Bailouts, Obama, and Debt