Posted on 20th November 2015 by Administrator in Economy

Tyler Durden's picture

You can manipulate earnings, but The S&P 500 is as expensive now on a cash-flow basis as it was at the peak of the dot-com bubble…



Just remember who is selling these stocks…


So who is the greater fool?


Charts: Bloomberg



Posted on 20th November 2015 by Administrator in Economy

these selfie stick hands is creepier than just using a self stick




Posted on 20th November 2015 by Administrator in Economy

, ,

Hat tip Hope@ZeroKelvin


The End of Obamaworld


Posted on 20th November 2015 by Administrator in Economy

, , , , , , ,

Guest Post by Patrick J. Buchanan

In denouncing Republicans as “scared of widows and orphans,” and castigating those who prefer Christian refugees to Muslims coming to America, Barack Obama has come off as petulant and unpresidential.

Clearly, he is upset. And with good reason.

He grossly, transparently underestimated the ability of ISIS, the “JV” team, to strike outside the caliphate into the heart of the West, and has egg all over his face. More critically, the liberal world order he has been preaching and predicting is receding before our eyes.

Suddenly, his rhetoric is discordantly out of touch with reality. And, for his time on the global stage, the phrase “failed president” comes to mind.

What happened in Paris, said President Obama, “was an attack on all of humanity and the universal values that we share.”

And just what might those “universal values” be?

At a soccer game between Turkey and Greece in Istanbul, Turks booed during the moment of silence for the Paris dead and chanted “Allahu Akbar.” Among 1.6 billion Muslims, hundreds of millions do not share our values regarding women’s rights, abortion, homosexuality, free speech, or the equality of all religious faiths.

Set aside the fanatics of ISIS. Does Saudi Arabia share Obama’s views and values regarding sexual freedom and the equality of Christianity, Judaism and Islam? Is anything like the First Amendment operative across the Sunni or Shiite world, or in China?


Most Americans Hit “Peak Income” More Than 15 Years Ago


Posted on 20th November 2015 by Administrator in Economy


After adjusting for inflation, the majority of Americans are worse off today than they were decades ago. The map below shows that median household income actually peaked at least 15 years ago in 81% of U.S. counties.

Courtesy of: Visual Capitalist

This visualization of household incomes is from an interactive map created by the Washington Post that allows users to zoom in on individual counties to see how income has changed over the years.

Some of the more interesting revelations include:

  • Income peaked one year ago for many of the counties that are a part of the shale boom. This includes much of North and South Dakota, as well as parts of Texas, Nebraska, and Oklahoma. Income in Washington, D.C. and neighboring Arlington County also peaked then.
  • In 1999, a total of 1,623 counties had their households reach peak income. The majority of these counties are in the Midwest and Southeast.
  • The most southern part of California and parts of New England both peaked around 25 years ago.
  • Many states along the Rocky Mountains such as Wyoming and Montana had counties that peaked roughly 35 years ago.
  • Household income peaked in upstate New York, the northern tip of California, and southern Nevada at the same time that humans were first landing on the moon in 1969.

Paris, Sharm el-Sheikh, and the Resurrection of Old Europe


Posted on 20th November 2015 by Administrator in Economy

, , , , , ,

Outside the Box: Paris, Sharm el-Sheikh, and the Resurrection of Old Europe

By John Mauldin


Soon after the Paris attacks, I picked up the phone to talk over the situation with my friend George Friedman. George is one of the truly world-class thought leaders on geopolitics. We had an animated 20-minute conversation. I didn’t particularly like what I heard.

George thinks we face big difficulties in dealing realistically with the ISIS threat. The more I read—and the more I listen to people like George who have worked these issues for decades—the more I think that we, as a culture, need to face reality.

I asked George to distill his thoughts into a short essay I could publish in Outside the Box, and he agreed.

This is a very thought-provoking piece with a different conclusion—which is what you can always expect from George.

Paris, Sharm el-Sheikh, and the Resurrection of Old Europe

John Mauldin, Editor
Outside the Box
[email protected]

Stay Ahead of the Latest Tech News and Investing Trends…

Click here to sign up for Patrick Cox’s free daily tech news digest.

Each day, you get the three tech news stories with the biggest potential impact.

By George Friedman

The attacks in Paris last Friday night were part of a long-term pattern of occasional terrorist attacks by jihadists on targets in Europe. In the European context, this stood out for two reasons. First, the scale of the attack was substantially larger than other attacks in recent years, both in the number of participants and the number of casualties. Second, it was different in the level of sophistication and planning. Securing weapons and explosives, gathering at least three teams, identifying the targets and the manner in which these targets were to be attacked involved fairly complex logistics, intelligence and above all coordination. Most impressive was their counter-intelligence and security. There were at least seven attackers and additional support personnel to secure weapons, gather information and help them hide out in preparation for the attack. No one detected them.


The Onion Predicted All Of This Back in 2003


Posted on 20th November 2015 by Administrator in Economy

, , , ,

Guest Post by Carey Wedler


(ANTIMEDIA) George W. Bush may think that a war against Iraq is the solution to our problems, but the reality is, it will only serve to create far more,” read a 2003 article on The Onion a week after then-President George Bush launched the Iraq War. While a wide variety of organizations and individuals also rebuked that invasion, the satirical newspaper offered one of the most accurate assessments to date. So accurate, in fact, it all but predicted the rise of the Islamic State.

In the mock-debate piece, entitled, “This War Will Destabilize The Entire Mideast Region And Set Off A Global Shockwave Of Anti-Americanism vs. No It Won’t,” The Onion highlighted the very real risks of war.

As fictional debater Nathan Eckert warned:

This war will not put an end to anti-Americanism; it will fan the flames of hatred even higher. It will not end the threat of weapons of mass destruction; it will make possible their further proliferation. And it will not lay the groundwork for the flourishing of democracy throughout the Mideast; it will harden the resolve of Arab states to drive out all Western (i.e. U.S.) influence.”

He continued:

If you thought Osama bin Laden was bad, just wait until the countless children who become orphaned by U.S. bombs in the coming weeks are all grown up. Do you think they will forget what country dropped the bombs that killed their parents? In 10 or 15 years, we will look back fondly on the days when there were only a few thousand Middle Easterners dedicated to destroying the U.S. and willing to die for the fundamentalist cause. From this war, a million bin Ladens will bloom.




Posted on 20th November 2015 by Administrator in Economy



Leader of the “Free World”

Via William Banzai

When the Third World Attacks


Posted on 20th November 2015 by Administrator in Economy

, , ,

Guest Post by Ann Coulter

New York Times, Monday, Nov. 16, 2015: “BRUSSELS — The French authorities have concluded that Abdelhamid Abaaoud, a 27-year-old Belgian man who has fought in Syria for the Islamic State, was the mastermind of the Paris terrorist attacks.”

Franco-Belgian yet cosmopolitan in culture, Abaaoud’s great-grandfather, Anselmus Aaster, opened the first chocolate shop on the Rue des Bouchers, Brussels. Abaaoud claimed to be a distant relation of the 17th-century Baroque artist, Philippe de Champaigne, who painted Cardinal Richelieu eleven times …

Give me a break, New York Times. The Paris terrorists were 100 percent Middle Eastern, although most were born in Muslim ghettos in Europe.

After 50 years of the most backward, dysfunctional cultures pouring into the civilized world, the media are forced to blatantly lie to us whenever immigrants attack: This has nothing to do with refugees! Ismail Omar Mostefai is “a Frenchman.”

Ismail is “French” in the same way that Caitlin Jenner is a “woman.” That doesn’t mean we can draw no conclusions about the relative strength of men and women, even though a “woman” won the decathlon at the 1976 Olympics.

The fact that only one of the terrorists was part of the current “refugee” flow proves we’re facing something much bigger than a refugee problem: We can’t assimilate them. These days, second-generation immigrants are just as likely to shoot up Fort Hood as the first-generation Tsarnaev brothers are to blow up the Boston Marathon.




Posted on 20th November 2015 by Administrator in Economy


Check Your Privilege


Posted on 20th November 2015 by harry p. in Politics |Social Issues

I stumbled across a very interesting interview with Ms Sommers while listening to Joe Rogan’s podcast.  Here is a short video from her:

Question of the Day, Nov 20


Posted on 20th November 2015 by Back in PA Mike in Economy

Happy Friday, for you LL, no question today. Finish this sentence. More useless than… or this one – Dumber than…