Showing posts with label veterans. Show all posts
Showing posts with label veterans. Show all posts

Monday, November 13, 2017

This Is What A Pre-Crash Market Looks Like - Michael Snyder THE ECONOMIC COLLAPSE BLOG


Posted: 12 Nov 2017 Michael Snyder  THE ECONOMIC COLLAPSE BLOG

The only other times in our history when stock prices have been this high relative to earnings, a horrifying stock market crash has always followed.  Will things be different for us this time?  We shall see, but without a doubt this is what a pre-crash market looks like.  This current bubble has been based on irrational euphoria that has been fueled by relentless central bank intervention, but now global central banks are removing the artificial life support in unison.  

Meanwhile, the real economy continues to stumble along very unevenly.  This is the longest that the U.S. has ever gone without a year in which the economy grew by at least 3 percent, and many believe that the next recession is very close.  Stock prices cannot stay completely disconnected from economic reality forever, and once the bubble bursts the pain is going to be unlike anything that we have ever seen before.

If you think that these ridiculously absurd stock prices are sustainable, there is something that I would like for you to consider.  The only times in our history when the cyclically-adjusted return on stocks has been lower, a nightmarish stock market crash happened soon thereafter
The Nobel-Laureate, Robert Shiller, developed the cyclically-adjusted price/earnings ratio, the so-called CAPE, to assess whether stocks are likely to be over- or under-valued. It is possible to invert this measure to obtain a cyclically-adjusted earnings yield which allows one to measure prospective real returns. If one does this, the answer for the US is that the cyclically-adjusted return is now down to 3.4 percent. The only times it has been still lower were in 1929 and between 1997 and 2001, the two biggest stock market bubbles since 1880. We know now what happened then. Is it going to be different this time?
Since the market bottomed out in early 2009, the S&P 500 has been on a historic run.  If this rally had been based on a booming economy that would be one thing, but the truth is that the U.S. economy has not seen 3 percent yearly growth since the middle of the Bush administration.  Instead, this insane bubble has been almost entirely fueled by central bank manipulation, and now that manipulation is being dramatically scaled back.



And the guys on Wall Street know what is coming.  For example, Joe Zidle says that this bull market is now in “the ninth inning”
Joe Zidle, of Richard Bernstein Advisors, is arguing that the bull market has entered the bottom of the ninth inning.
“This is a late-cycle environment,” Zidle said on CNBC’s “Futures Now” recently.
“In innings terms, they’re not time dependent. An inning could be shorter or they could be longer. It just really depends,” the strategist said.
This bubble has lasted for much longer than it ever should have, and everyone understands that a day of reckoning is coming.

In fact, earlier today I came across an article on Zero Hedge that contained an absolutely remarkable quote from Eric Peters…
“We are investing as if 1987 will happen tomorrow, because it will,” said the CIO. “But we need to be long, or we’ll be out of business,” he explained, under pressure to perform. “So we construct option trades that are binary bets.” Which pay X profit if stocks rally, and cost Y if markets fall. No more and no less.
“What you do not want is a portfolio whose losses multiply depending on the severity of a decline.” That’s what most people have today. “At the last stage of the cycle, you want lots of binary bets. Many small wins. Before the big loss.”
Are we at the start or the end of the ‘Don’t know what I’m buying’ cycle?” asked the same CIO. “No one knows.” But we’re definitely within it.
“When their complex swaps drop 40%, and prime brokers demand more margin, investors will cry ‘It’s not possible!’ But anything is possible.” The prime brokers will hang up and stop them out.
In case you don’t remember, in 1987 we witnessed the largest one day percentage decline in U.S. stock market history.

When it finally happens, millions upon millions of ordinary Americans will be completely shocked, but most insiders know that the other shoe is going to drop at some point.
In particular, watch financial stock prices very closely.  Last month, Richard Bove issued a chilling warning about bank stocks…
One of Wall Street’s most vocal bank analysts is troubled by the rally in financials.
The Vertical Group’s Richard Bove warns that the overall market is just as dangerous as the late 1990s, and he cites momentum — not fundamentals — as what’s driving bank stocks to all-time highs.
“If we don’t get some event in the economy or in politics or in somewhere that is going to create more loan volume and better margins for the banks, then yes, they would come crashing down,” Bove said Monday on CNBC’s “Trading Nation.” “I think that the risk in these stocks is very high at the present time.”
It isn’t going to take much to set off an unstoppable chain of events.  Our financial markets are even more vulnerable than they were in 2008, and the right trigger could unleash a crisis unlike anything we have ever seen in modern American history.

Unfortunately, most Americans keep getting fooled by the artificial boom and bust cycles that the central banks create.  Right now most people seem to have been lulled into a false sense of security, and they truly believe that everything is going to be okay.

But every time before when the market has looked like this a crash has always followed, and this time will be no exception.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.


    
Posted: 12 Nov 2017 


Our veterans deserve the very best, and yet way too often they get the very worst.  The Department of Veteran Affairs is a disaster, it takes forever to get claims processed, and VA facilities are often extremely dirty and poorly managed.  Rates of unemployment and suicide are far higher for veterans than they are for the population as a whole, and yet the left is strongly backing the NFL players as they disrespect our veterans when they refuse to stand for the national anthem.  There are more than 18 million veterans in the United States today, and more than 9 million of them (including my father) are over the age of 65.  As a society, it is time for us to make it exceedingly clear that we are not going to put up with mistreatment of our veterans any longer.

There was one promising sign on Sunday.  It is being reported that for the first time this season, every player stood for the national anthem
No NFL players protested during the national anthem during Sunday’s early games, according to multiple reports.
The NFL Players Association unanimously passed a resolution earlier in the week calling for a moment of silence during Sunday’s games in honor of Veterans Day.
Players who previously knelt or raised their fists during the anthem stood this week. Tennessee Titans receiver Rishard Matthews walked onto the field holding hands with soldiers, then stood for the anthem, The Associated Press reported.
Hopefully this show of respect will continue in the weeks ahead.

Meanwhile, we have a ton of work to do in order to make things right for our veterans.
Things got especially bad during the Obama administration.  Obama did not make our vets a priority, and it showed.  At one point it was taking an average of seven months to get an appointment at a VA facility, and thousands upon thousands ended up dying as they waited for treatment that they desperately needed
A leaked document shows nearly one-third of the 847,000 veterans in the Department of Veteran Affairs’ backlog died while waiting for treatment, amounting to more than 238,000 patients, according to documents obtained by the Huffington Post.
Are you angry yet?
And as I mentioned above, many VA facilities were found to be in absolutely horrific condition during the Obama years.  An ABC News investigation from a few years ago discovered the following conditions at facilities around the nation…
*Bathrooms filthy with what appeared to be human excrement.
*Dirty linens from some patients mixed in with clean supplies.
*Examining tables that had dried blood and medications still on them.
*Equipment used to sterilize surgical instruments that had broken down.
*Some patients were forced to beg for food and water.
*Veterans that were neglected so badly that they developed horrific bedsores and dangerous infections.

The federal government needs to get this fixed, because our veterans deserve far better treatment, and if I get elected I am going to fight for our vets as hard as I can.

During the Obama years, one study discovered that 22 military veterans were killing themselves every single day.

Just think about that.

At the time, that accounted for about 20 percent of all suicides in the United States. And on any given night, about 200,000 homeless vets are sleeping in the streets.

We can do better than this, and we must do better than this.  Our veterans fought to defend the liberties and freedoms that we are enjoying today, and we all need to work diligently to make sure that they receive the respect, care and treatment that they deserve.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

Monday, November 10, 2014

HONORING THE VETS - Morris Ruddick


Morris Ruddick

November 10th is the Marine Corps birthday. November 11th is Veterans Day. My intention is to honor and bless those who have served.

The pithy story reflected in the following slides is dramatic:

http://strategic-initiatives.org/pages/publications/documents/REMEMBERING--VNAGENERATIONLATER-PRESENTPDF.pdf 


It goes against the grain of the long-term spin reported by the press. It pivots on the issue of freedom, which has always been a priority from God's perspective.

It demonstrates the incredible way that God remembers and redeems. In the age-old struggle between good and evil, it's a glimmer of the old radio commentator's "rest of the story."

The untold story of Vietnam provides us with assurance that not only does "God know," but that He doesn't forget and that He works all things together for good in our service and efforts in taking a stand for what is right.

Solomon told a story in Ecclesiastes of a poor wise man who saved his city against more powerful aggressors. Afterward, he was forgotten. There's something about taking a stand for what it is right, something about those who pay the cost to make a difference -- that is a challenge to those allured with the status quo.

Yet, God doesn't forget.

In my own case, when I returned to Vietnam a full generation after my second tour, I prepared myself for the spin that the Western media had promulgated. Instead, I found something very different.


In our first month back, I had more Vietnamese to thank me for my service, a generation prior, than I had had Americans to thank me in all the years since I had left. The Vietnamese, from both the North and South, have born the brunt of our departure and -- they know. They also have not forgotten.

While our definition of veterans targets those who have served in the military and especially those who have served in harm's way for the cause of freedom, there is a significant correlation between those serving the cause of freedom and the advancement of God's Kingdom. But perhaps I'm getting ahead of the message in the following few slides. Click on this link:

http://strategic-initiatives.org/pages/publications/documents/REMEMBERING--VNAGENERATIONLATER-PRESENTPDF.pdf


I pray it will be a blessing to you.

To my Marine friends, Happy Birthday. To all who have served, Carol and I salute you! Thank you for your service.

With His richest blessings,
Morris-copy  
Morris Ruddick
Global Initiatives Foundation
equip@strategic-initiatives.org
www.strategic-initiatives.org