Friday, April 6, 2018

CHINA TARIFFS - CHEATING...(ORIGINALLY PUBLISHED 3/2/11)

With all the rhetoric about everything,very little is said about the greatness of America's ingenuity. Caterpillar, Boeing, Microsoft, Drug companies, Google, Facebook, Cisco, IBM, General Motors....I could go on and on and on. In the process of globalization, it's easy enough to copy our high labor content products but how many great drugs have come out of China, Venezuela, Russia, North Korea, Mexico...I could go on and on and on.
Yes we make what seem to be continuous mistakes and we don't solve some big problems, but to call the American contribution to human and industrial development anything but great is to be looking in the wrong direction.
When China announces its going to make a commercial jet its just a copycat. That's all.
Unfortunately, the copycats of the world are a significant competitive force. When our own government doesn't realize that much more money is saved by the creation of new drugs, than is achieved by all the generics in the world, is to add "insult to injury." Stay Tuned...

TRUMP AND THE "FAKE"MEDIA - THE REAL STORY (ORIGINALLY PUBLISHE 2/5/17)

If you really want to get confused, remember that CNBC really should not be in the business of giving investment advice to the public.  What an abomination. 

There is no such thing as the free press and media.  There are however less than a dozen large companies that control practically all of the TV stations, radio stations, Internet access, newspapers, etc.

They are Disney, Viacom, Comcast, CBS, Fox and half a dozen others.

These are companies whose sole objective is to increase the value of their shares by attention getting words and pictures.

ALL OF THE PEOPLE WE SEE ON TV ARE ACTORS AND EMPLOYEES OF THESE LARGE CORPORATIONS.  THEY ALL WORK FOR A HIERARCHY OF MANAGERS AND MUST ADHERE TO THE CORPORATE POLICIES AS SET FORTH BY THE CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS AND THE CONTROLLING SHAREHOLDERS.

In addition, almost all the so-called media are reading from teleprompters words that are produced and written by people in the back room probably with an average age of less than 40.

A small group of executives control the media so when President Trump says fake media he is not too far off base.

I will close with one example. In the New York Times Sunday Magazine section dated February 26, 2017 there was an article about the increase in private school enrollment..  If you look at the statistics in the enrollment in private schools you will  find the left wing writer made up the story based on completely inaccurate facts. Private school enrollment is down.  A perfect example of completely fake news.

So when you are watching TV or reading the news,  it is not free speech it is entertainment.

If you really want to get confused, remember that CNBC really should not be in the business of giving investment advice to the public.  What an abomination.  

Wednesday, April 4, 2018

HIGH FREQUENCY TRADING...(ORIGINAL POSTING 8/6/11)



When the housing boom was taking place it developed huge vested interest in the continuation of the housing bubble. A voice in the dark could point out the absurdities of what was happening but the enjoyment of inflated prices and profits overwhelmed sanity, logic, discipline and history.

In my opinion, we are now being faced with a "time bomb" that will far exceed long term capital management, the insurance protection decline of the 1980s and the financial collapse of 2008. This huge "Black Swan", huge beyond comprehension, will hit when least expected and we will wonder why it wasn't dealt with before. The answer will be found underneath the rubble of certain greedy Wall Street types and vested political interests.

We cannot permit automated machine type trading, with no relationship to companies outlook, etc. to dominate the volume of trades in the stock market. There is no excuse, none whatsoever, for creating a machine driven gambling casino mentality in order to justify the existence of capitalism.

Here is what's going to happen. A computer driven decline will occur and the brakes will fail due to human error or whatever causing the equity wealth of the country to be sharply cut again. Because there will be something happening in the world at that time, recovery will not be as fast as it was in the late 2000's. All computerized trading, of the type we are referring to, should be made illegal and stopped before its too late.

The vested interest will tell you otherwise and make their case. Just like in the long term capital case they are mostly using other people's money and are more concerned with their chance of winning than losing. The monies not theirs anyhow and there is no concern for the system, only their own profits.

Look at the erratic swings in the stock market that have occurred in the last few weeks. We draw this as a small example, a very small example, of what is coming if we don't stop this type of computerized trading.

CAPITALISM WILL FAIL IF THIS IS HOW IT'S CONDUCTED.
P.S. Please remember that I am a very strong supporter of capitalism and many of the activities that our financial firms participate in. The probably isn't a better system than ours.

Tuesday, April 3, 2018

PRESIDENT TRUMP AND AMAZON...

amazon


President Trump needs to back off from Amazon.  Many of the President's claims against Amazon appear to have limited merit.

The Post Office has been on the verge of bankruptcy for many years.  The Post Office has acknowledged that Amazon has helped  it increase  revenues. Amazon does not set prices, the Post Office does.

Like it or not Amazon has become an essential service. It's easier and cost effective to shop on. It's easier to compare, review, purchase, receive and save gas.  The elderly benefit, the disabled benefit, the poor benefit and busy working people benefit.  It's almost incredible.

Amazon tries to know what the shoppers want, price fairly, service superbly and provide quality products.  Big retailers fell behind years ago because they were poorly managed.

It's not Amazon's fault that third party vendors are not required to collect sales tax.  That's the law and the President is free to respond to this issue and try to change it.






Tuesday, March 27, 2018

GUNS, ENTERTAINENT AND MY TRUTH...

This is a short blog about things you already know.  Violence is taught thru many mediums.  It could be the parents, books,  movies, television or video games.  We live in a culture of violence.  Many Hollywood people find ways to deflect the nature of their violent products away from themselves.   It seems like almost every television program or movie pertains to violence and crime whether it be historical or current.

The greatest hypocrisy is someone like George Clooney who is busy blaming everyone else while he hides behind guards in huge mansions.

There are 150,000 elementary and high schools in America. That equals 150,000 school openings per day and 750,000 per week which  is 3 million openings a month and 36 million openings and closings per year.

Those of you that want to have an honest view of the situation can look at the few blogs I have written on school safety.  Clearly our schools have not been made safe enough.  That doesn't detract from the honest view that school shootings are already close to zero.

Just to keep the records straight 19 year old kids shouldn't be allowed to buy automatic weapons.  Parents should be held accountable for their children's actions.  Background checks shouldn't take three days, they should take three months.  There should be no rush to give people automatic weapons.

At the very least if you are a consumer of the violence prepared by the "ton" in Hollywood, at least  recognize that you don't know if the entertainment business educates people, with a tendency towards violence, to actually act on what society make readily available.  

Thursday, March 22, 2018

TRUMP PUTIN AND THE MEDIA LIES...

Anyone who thinks, in spite of Russia's weaknesses, that we have the political will and military strength to threaten Russia is asleep at the switch.  Putin is going to be President again for a long time. We have to deal with him whether we want to or not.  Even before WWII the American people would not stand up to Hitler until the Japanese attack on Hawaii.

The Internet will never be private.  If you don't like it , don't use it.  

Thursday, February 22, 2018

THE SUPREME COURT SEES THE LIGHT - WHISTLE BLOWERS (ORIGINALLY POSTED 1/2013)

I am seventy five years old.  I was a young boy during WWII.  It was commonplace to be exposed to stories about the Germans in which children were rewarded to come forward to snitch on their parents or family.  These young children were following the Nazi propaganda line.

Many adults looked in dismay as a country rewarded children for being whistle blowers.  It was considered an abominable breach of most American's ethics.

Now in America we reward, with substantial gifts, those who help our Justice Department and SEC prosecutors capture and then punish who are often their friends and colleagues.  Our sense of justice is to tell people if you whistle blow, you can get rich and if necessary go into the witness protection program.

As Americans we have actually come to accept this as an appropriate approach to the pursuit of crimes.

I have great difficulty understanding how we abhor the actions of the children of Germany, but find little ability to speak about whether we want such behavior in our own country.




 

Shepard Osherow. All Rights Reserved