Monday, November 28, 2016


The issue of race in America is well above my pay grade.  In a perfect world race, religion, gender, etc. would have little to do with most of society's decisions.  The Supreme Court is weighing race as a factor in college admissions.  Before you know it, colleges will be required to have a certain number of union members, a certain number of gun advocates, etc. etc. etc. It looks like its becoming a matter of whether you fit into a group so the college can say it fits some type of diversity standard.  Most of these attributes seem to be totally unrelated to the purpose of education.

Here is the point of the prior paragraph.  Ninety Five Percent of  Blacks voted for President Obama in the last election and are estimated to have the same voting pattern this November in spite of the fact that Obama has done little to help his own race.  There is no way that this percentage of the black voting population felt that Obama was the strongest candidate, maybe 75% or 85% did, but not 95%.  In my opinion, a significant portion of this vote is based on race.

It is true that some White voters probably vote on race also, but not nearly to such an overwhelming extent.  If White voters were to have a racist attitude and vote 95% based on color, it would be a long time before any minority group would be voted into positions of government power.  As long as the government perpetuates a policy of race related decisions, the same rules should be acceptable in individual decision making and then all these discriminating descriptions of people will never be eliminated.

Decisions based on race, religion, gender etc. are not the road to prosperity, equality or stronger feelings of self esteem in individuals.  Selections based on one's color, not one's achievements and skills, is only working to separate our society further. Politics, religion, and education should be color blind.  

Wednesday, November 16, 2016


The same affliction to our sanity involves the media abuse of the slogan "top one percenters". Recently the median salary of the public university presidents place them all in the top one percenters.

The Presidents of Harvard, Yale, Princeton, Michigan, Amherst, Williams, Stanford are all in the top one percenters. The same is true for hundreds if not thousands of University Professors.

Okay, so is the head of the American Red Cross, the American Cancer Society, the President of the United States, Nancy Pelosi, Al Gore, Hillary and Bill Clinton, Herman Cain, Jesse Jackson, Jeb Bush, Michael Bloomberg, lots of Senators and Congressman and the head of the AARP (a real disaster). NBA and NFL's top players such as Dwayne Wade, Kobe Bryant, Shaq, Dan Marino, Tom Brady, Michael Vick,; Musicians and Artists like Beyonce, JayZ, Sting, Bruce Springsteen, Janet Jackson, Taylor Swift, Toby Keith, Garth Brooks, Jennifer Lopez, Hank Williams Jr., Mariah Carey, Harry Belafonte, Barbara Streisand Actors, Actresses and Media celebrities such as Angela Jolie, Steven Spielberg, Justin Bieber, Brad Pitt, George Clooney, Jeff Bridges, Matt Damon, Jerry Seinfeld, Jennifer Aniston, Oprah Winfrey, David Letterman, Tyra Banks, Kim Kardashian, Larry King, Anderson Cooper, Wolf Blitzer, Ariana Huffington, Arnold Schwarzenegger, Tom Friedman, Jim Cramer, Eddie Murphy, and top people that run hundreds of thousands of employees and many of those like Bill Gates, Larry Ellison, and Steve Jobs who created unbelievable changes in society and millions of jobs, are in the one percenters club. I could keep listing people...the media lies...look at the truth.

I was in Austin recently and there was an Occupy Wall Street group. I decided to sit down on the lawn with some of them and found out from about 15 different conversations that everyone of these "Occupiers" knew absolutely nothing about salary levels and economics. One young woman was telling another young woman how much she loved her. They really didn't know each other. Maybe I overstepped my bounds but we were kind of chatting and I said to the better dressed young lady; "Why don't you give this woman you love your hat - she seems to be getting sunburned". That went about as far as I could throw an elephant. For some strange reason the media hypes and the police in this situation were busy placating the group as they trashed a substantial piece of property. None of the people I spoke with knew anything at all about who the "one percenters" were.

Sunday, November 13, 2016


Watch the news, pick up a magazine especially newspapers, watch the TV and immerse yourself in the "everythings wrong" philosophy.

The democratic process, with its unbelievable capacity for openness and sharing of thoughts, seems to thrive on conflict. This conflict results in a vibrant Nation that lurches forward with small and gigantic steps.

All around us the pundits of doom sell negativism.

The reality is anything but. The enormous strides made by democracy and capitalism in the last few decades are incomprehensible. Almost every country has seen the standard of living of its people rise. There is no longer a significant chance of slipping back into extreme socialism and communism. All about us the engine of American and World creativity is blossoming into a whole new era that is only at its beginning.

Cars are changing, jet planes are making huge strides, biotechnology is still alive and well. The immensity of the Internet and all the companies that are continually being spawned is almost too much to grasp. Old industrial America is stabilizing. Revolution in America is not realistic for many years, if ever.

Markets get ahead of themselves, competition for profits is intense and there is a continuum of winners and losers in most spheres of life. The government in all its confusion functions. There is an awareness that so many major components of our democracy need revitalization. So all is not lost.

The market doubled too quickly from its lows. No one I know bet the house on 1 1/2% 10 year government bonds. Most observers are focused on everything but the real picture.

The real picture is our ingenuity. The fact is that most people go to work everyday and most enjoy their jobs.

The deficits will not sink the ship (although they should be brought down). Europe will not sink. Greece will still be there and so will Spain. And Russia, with all its recalcitrance will not do anything stupid. So seek your opportunity, use common sense, pay attention to what you are doing and praise the fact that everyday there is opportunity.

Saturday, November 12, 2016


When you talk about sleaze its almost impossible to beat the lying hypocrisy of the fat man, Michael Moore and his stupid cap. But if you want more hypocrisy think about the fact that Jon Corzine was so greedy that he acted as if the financial crises of 2008 took place a hundred years ago. Solyndra was an example of amateurs working for the government with the power to give out $600 million dollars for what was ostensibly a start up. Obama knows that our problem is cars not electrical generation. The one thing these three groups have in common is their attachment to the Democratic party and the "culture of corruption" along with the deception that lies deep within our President's soul. It just isn't coincidence that these three situations all exist at the same time. Look within the Celestine Prophecy to grasp the intimidation of the weak by the democratic party's desire for power at almost any cost.

Wednesday, October 12, 2016


Im having difficulty putting into words what it is I am currently thinking.  Several years ago we wrote about the Apple IPad and the implication for sales of personal computers.  The Ipad seemed to be what is called a disruptor but its impact on overall economic activity was and is minimal.

 If there is going to be a serious economic decline,  there is one main place to look in my opinion.  That is Amazon.  We all use Amazon. Its getting bigger and bigger and is run by an obvious genius.  He is on the fast path to destroy "all" retail businesses which account for a large portion of our jobs and GDP.

Amazon is becoming so huge that it is on the road to becoming every manufacturers largest customer. The manufacturers, because of this phenomenon,have to do business with Amazon.  Amazon  in turn is putting pressure on the sellers of goods to provide products at a discounted price.  This will eventually lead producers to cut back on their costs which will lead to job loss and deflation.

Amazon, which was already selling most anything you could want is now branching into auto parts, office supplies, groceries, television shows, fast food delivery, etc.  Who knows where this will all lead.  Unfortunately it appears from the weakness in  the retail industry, not to a good place.

Point made!

Monday, October 10, 2016


It's almost impossible to convince the "forgotten man" that increased taxes on the so called rich is a bad idea. The environment is one of very high unemployment, declining standards of living and interest rates for treasuries which are close to zero.

There was a day when the politicians of America sought individual votes but then they learned that it was easier to group the electorate into "special interest groups" and convince groups rather than individuals to vote for them.

That was the beginning. In a fabulous book written by Amity Shlaes called the "The Forgotten Man" we can see the historical development of how the mass of the population has been forgotten. There are tens of millions of people who go to work in this country, pay their mortgages, educate their children, don't end up in jail, pay their bills, don't require welfare and live their lives with no representation in the government.

If you are part of a special interest or minority group you have representation. If you are just a plain old "forgotten man", the backbone of the country, you have very little representation if any. The politicians have actually made the forgotten man feel guilty. Why in the world should anyone pay their mortgage or their debt if so many people are allowed not to? This is one of the coming crises of rewarding those who fail and penalizing those that succeed.

It's time for the forgotten man to stand up in a concerted way without riot and revolution and say enough is enough. You are responsible if you bought a house even if you didn't know what you were doing. More and more people will "opt out" of the system as they realize if you succeed you are the enemy.

Friday, October 7, 2016


There probably is no  major media company that has failed as miserably as the New York Times.
The CEO takes at least 7 million in compensation and probably lives in an apartment worth 10 or 20 million dollars.

Today's article about the failures of Donald Trump totally leaves out his fabulous recovery from near bankruptcy and the fact that he is a billionaire several times over.  His company is private.  There are probably not 10 individually owned companies as successful as the Trump empire.

Take a look at Trumps children and use that as a measure of success.


Shepard Osherow. All Rights Reserved