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Sexist Female Reporter Refuses to Apologize to Male Victims – Ep. 72 Apr 08, 2015

Show notes

* Big double standard in the media regarding "sexism"
* Rolling Stone story based on complete fiction about a woman who claimed she was raped in a fraternity house
* The reporter accepted the woman's story without checking sources
* After the facts were out, the reporter apologized to everyone except the men who were falsely accused and the fraternity involved
* Where is the outrage that the real victims did not receive an apology?
* Is it sexist to assume that men do not deserve apologies when wrongly accused?
* The reporter refuses to condemn the woman who lied
* The primary apology must go to the wrongly accused, the fraternity and to the university
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Media’s “Rand Paul Can’t Win” Nonsense – Ep. 71 Apr 08, 2015

Show notes

* Media's take: Why run for President if you can't win?
* "He's too Libertarian to win"
* "He is not as Libertarian as his father"
* "Rand Paul is closer to the mainstream than his father"
* His chances are as good as anyone's at this point
* He is actually closer to his father than he is to the mainstream
* If you like Ron Paul, how can you not like his son?
* Rand will maintain his father's supporters
* There are a lot of Libertarian Republicans, and Rand will attract most of those votes
* Rand has a chance to win in 2016 and in 2020
* If he wins, he will maintain his strong principles
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Frontline Perspective on the Government’s War on Liberty – Ep. 70 Apr 07, 2015

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* When employers empower certain groups with special privileges they become clubs with which to beat the employer
* Employers are then reluctant to put themselves in a position to be bashed with that club
* Large companies must prove diversity and go out of their way to hire minorities
* That kind of discrimination is the right of the employer
* Whenever you hire anyone you make yourself vulnerable to frivolous suits
* The government has made American business less competitive by appealing to the job seekers not the the job creators
* This eventually backfires on the job seekers by minimizing the number of employers
* I established my offshore bank because government regulation made it so much harder for me to service my international clients
* This drove away jobs that would have been in America
* Now it is impossible for our company to accept foreign accounts, including Americans living overseas
* My offshore bank may not accept offshore accounts or non-American customers
* Government regulations are now making it difficult on Americans who live abroad
* Every business in the country is being undermined by growing government regulation
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Market’s Delayed Reaction to the Jobs Report – Ep. 69 Apr 07, 2015

Show notes

* Markets are finally getting a chance to react to worst jobs report in two years
* March non-farm payrolls coming in at about half of forecast
* Dollar was off about 1% on FOREX
* Stock futures were down on opening bell but shot 100 points higher
* "Bad News is Good News" rally
* CNBC thinks jobs takes June rate hike is off the table - but it was never on the table in the first place
* The Fed will not be serving a September rate hike either
* It's going to be an all you can eat "QE Buffet"
* The dollar should have sold off more, but the bull market persists
* Currency traders are using circular logic about the strong dollar
* The dollar is rising for the same reason that the economy is slowing - the Fed has suspended QE and higher rates are expected
* The effects of a strong currency should build over time
* When the dollar uptrend ends, it will be a collapse because there are so many people on the wrong side of the trade
* March ISM Non-Manufacturing Index slipped more than expected - lowest since June 2014, a two-year low
* Monday WSJ article said that if Fed is worried to raise rates even a quarter of a point, then the U.S. Economy is not as strong as everyone thinks
* If the Fed really believes the economy is strong, they would have already raised rates
* Continued low interest rates indicate the Fed does not believe the economy is strong.
* Crude Oil continues to rebound - above $53/barrel
* If we close above $54, the market should see move up to mid $70's
* Higher oil prices will start to hurt consumers
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Will April Showers Rain on the Wall Street Excuse Parade? – Ep 68 Apr 02, 2015

Show notes

* April Fool's Day and all the fools are buying U.S. stocks
* Atlanta Fed GDP Now Estimate for Q1 GDP finally down to zero
* Despite the fact that the economy is worse than the 2008 crisis, Wall Street expects a Q2 boom
* Last Q2 was boosted by Obamacare spending and inventory build
* No data supports wishful thinking that Q2 will stage a comeback
* U.S. corporate profits fell despite Wall Street gains
* Q4 corporate profits dropped by 3%
* Final revision for Q4 GDP held at 2%, weaker than expectations
* First back to back decline in March University of Michigan Consumer Sentiment since October 2013
* Personal Income and Spending rose only .1%, missing expectations for 4th consecutive month
* Savings rate increased to 5.8%, contrary to Fed's objective to maintain spending bubble
* Savings increase is problematic for the Fed because it undermines the spending spree that masquerades as wealth
* The Fed will have to launch QE4 to encourage more spending
* The March Dallas Fed Manufacturing Index plunged by 17.4%- the sharpest 1-month decline since 2008
* Chicago PMI was below 50 in March - near 6 year lows
* March ADP numbers lowest in 14 months - biggest miss vs expected in 4 years
* March ISM Manufacturing Index dropped again to 51.5 - lowest level in 22 months - 5-month decline - first time since 2008
* Construction spending "unexpectedly fell"
* Zero might not be the floor for Q1 GDP
* Stock market weakening again - oil and gold up
* U.S. dollar no longer making new highs
* Everyone is going to come to the same conclusion at once triggering violent moves in the market
* Right now there are still people willing to buy the dollar, but eventually there will be no one to take the other side of those trades
* Countries with smaller balance sheets will start raising rates when dollar plunges and commodities rise
* Friday jobs number, the Fed's gauntlet, will start reflecting the rest of the bad economic news
* Rate hikes are so far into the future they are beyond QE4
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If You’re Not Free to Discriminate You’re Not Free – Ep. 67 Apr 01, 2015

Show notes

* Indiana passed a law to prevent lawsuits targeting religious objection
* Pressure and feigned outrage from the left wing machine causes Governor to walk back the meaning of the law
* The mark of a free society is the willingness to tolerate intolerance
* Liberals are the most intolerant of other peoples' intolerance
* In a free market there is always someone who wants my business, even if someone else does not
* I would rather get the intolerance out in the open, and just avoid that business
* It looks like the Indiana gay couple were searching for a business that would object to participating a gay wedding
* Why can't there be a business for bigots?
* It doesn't hurt anyone but the business, because it narrows the customer base
* The Governor can't stand up for what he believes
* Why doesn't he just say that the law allows certain individuals to discriminate based on religion
* A small segment of the community is holding everyone else hostage
* There is some inherent hypocrisy - whom is it OK to discriminate against?
* It should be legal to discriminate against anybody
* Government should not give a license to do what they should naturally have a right to do
* The government is extolling privileges on individuals that turn into weapons, frivolous lawsuits, and undermine our economy
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Since When is Filing a Frivolous Lawsuit Heroic? – Ep. 66 Mar 31, 2015

Show notes

* If an employee sues an employer falsely, the employer has no recourse, because it could be interpreted as retaliation
* Ms. Pao lost not only on her discrimination claim, she also lost on claim that she was retaliated against
* The big problem is the reaction in the media
* The tone in the press is supportive to Ms. Pao, even though she was not telling the truth
* She was suing for $16 million - her motive was greed
* This is not a "victory for women" - it is a loss
* The suit makes employers reticent to risk false gender-based accusations
* The press promise more sexual discrimination cases in the pipeline, suggesting someone might "get lucky"
* Most gender-based lawsuits are never litigated - they are settled for cash
* Employers are not going to discriminate based on gender
* Gender discrimination is a poor business strategy
* This case sends a loud message to employers to avoid the risk of gender based discrimination by avoiding women
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The Truth About Gender-Based Discrimination Lawsuit – Ep 65 Mar 26, 2015

Show notes

* Pao v. Kleiner Perkins: there should be no damage even if there was discrimination
* The law against discrimination is unconstitutional
* Employees are free to discriminate - they can work for whomever they want
* Why should an employer then lose that right?
* Everyone should be free to deal with the consequences of their choices
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Is Bad Economic News Finally Weighing on Stocks? – Ep. 64 Mar 26, 2015

Show notes

* Near 300 point drop in the Dow
* NASDAQ down 118
* S&P down 30 points
* $1.50 gain in oil and oil stocks up
* No significant economic news that would trigger this move
* Dollar was not down much lower on day
* The 110 level is holding back the euro
* Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up
* A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4
* The only way the Fed can prevent a correction from turning into a bear market is by launching QE4
* The Fed has built this "recovery" on asset bubbles
* Launching QE3 guarantees QE4
* The only thing that will stop perpetual stimulus is a currency crisis
* Durable Goods Orders were estimated at .7% gain
* Actual number came in at a 1.4% decline
* Five consecutive monthly declines in Durable Goods X Transportation
* The last time that happened was during the months surrounding the 2008 financial crisis
* The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis
* The final revisions to Q4 GDP due on Friday are estimated to go down
* There's a good chance the number will be lower than 2%
* Pundits are making excuses, saying that the "First quarter
s always weak" or "It's the weather"
* They don't want to come to terms with reality
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Economy is Weakening But at Least the Cost of Living is Rising – Ep. 63 Mar 25, 2015

Show notes

* Bad economic news coming in is more a deluge than a trickle
* Dollar continuing to drift lower since "patience" was removed
* New Zealand Dollar record high against the euro and the Australian dollar
* New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment
* Swiss franc had a strong day today
* Chicago Fed National Activity Index revised down to -.11
* Three consecutive months of declining numbers
* Deteriorating numbers reflect pattern similar to pre-QE3 months
* Existing home sales number below estimates
* February new home sales up, however
* Richmond Fed Manufacturing Index -8, twice as low as most negative forecast. declining 4 times in 5 months
* CPI came in at .2%, exactly as expected; core up to 1.7
* Price of ground beef up 19.2%, at a record high
* The jobs numbers are a lagging indicator
* We are likely to see a jobs number downturn based on less optimistic assumptions
* Weaker jobs number will keep rates low
* The only thing that might drive rates higher is inflation, but goal of "medium term" is vague
* Weaker economy and higher inflation will cause dollar to drop
* When inflation is the only focus, it will be obvious that the Fed cannot raise rates, driving dollar down
* A currency crisis will finally force the Fed to raise rates
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