Perry Glasser


In Business, Economics, Economy, Political Economy, ROBERT REICH on March 9, 2018 at 2:15 pm

This is about jobs, real jobs, not service economy jobs, not digital economy jobs, not jobs that require mortgaging one’s life for a fortune in educational debt, but high-paying jobs that can be performed by anyone with a strong back and will.



Tariffs are one of those simple topics every Citizen should understand but the Powers That Be (PTB) have designed American education to make the topic obscure and seem arcane, the better to screw Citizens.

Dollar$ once again finds himself with his standard disclaimer, declaring that President Donald Trump is a boorish lout, but that another of his economic policies make great sense.  We did not elect a Pope.

Readers who find that distinction difficult are advised to read no further. One can always turn to Professor Robert Reich, the former Secretary of Labor who, like Napoleon on Elba, gazing to the far-off corridors of power he expected to walk with Hillary Clinton, declares himself to be the leader of what he calls The Resistance, which may be an insult to the Free French of WW2 or an homage to the Star Wars futuristic fantasies. Professor Reich, too, longs for a galaxy far, far away and offers all the bias confirmation anyone can stomach.

robert reich


But Dollar$ revels in the here and now among realities.


Do be sure, a tariff is simply a tax on designated imports, in today’s news the imports in question are steel and aluminum.

Weasel-Republicans reflexively clutch at their hearts and gasp for breath at the word “tax.” What’s this? A Republican president has raised taxes!!! Is he mad???

They clutch at their hearts because the Buccaneers who write the large checks that buy Weasel-Republicans may be displeased. Nothing terrifies a Weasel more than a situation than an ambivalent issue that calls for voting with conscience. They have no conscience—they have opinion polls. When opinion polls are closely divided, Weasels go mute.

buccaneerDevoted to profit and personal enrichment, Buccaneers expect to get what they pay for, especially those Weasel-Republican members of Congress who need their money to run for office and keep them in healthcare for life, periodic international fact-finding junkets, and provides them prestige among the naive.

Gifted with a vision that equates American purpose with their own, many Buccaneers fear tariffs. If their supply chain becomes more expensive, they may make less profit, though Dollar$ readers should by now understand that Buccaneers never pay taxes at all; they pass along taxes price increases.

Price increases are paid by you and me, Citizens.

What, you expected Buccaneers will accept less money? What are you smoking; why don’t you share?


Start by knowing that in 2016 China produced about 50 percent of the world’s steel. (Figures are from the World Steel Association report of 2017). At the same moment in time, the US, Mexico, and Canada COMBINED, produced less than 10 percent.  The trend over the prior decade was Chinese growth and NAFTA decline.

In real life terms, that means Citizens in Indiana and Pittsburgh no longer have the option of a high-paying job in a steel mill; those jobs are gone to places where labor accepts a fraction of what an American expects hard labor to pay, and, in the case of China is substantially subsidized.

Could it be that the President is fulfilling a campaign promise? America First? Working people’ well-being? Leveling an uneven playing field?

Terrified Weasels, Buccaneers, and professional intellectuals point at retaliatory trade wars.

Yellow Mongoose

This Weasel is really a mongoose in disguise.


The trade balance for years has been negative and growing ever more negative—the US imports far more than it exports. Retaliatory tariffs will, in the end, punish the greater exporter—and that ain’t us.


Dollar$ says, “It’s about time.”

The same professional intellectuals who bemoan that job creation in America means nothing but burger-flipping need to stand up for working men and women.





In Business, Economy, EDUCATION, Finance, FINANCE FOR THE CLUELESS, Politics, Wall Street on February 9, 2018 at 5:26 pm

Dollar$ notes again that the financial community seems to be insane. Buccaneers and Wizards confound the simple Citizen who needs a money harbor other than a pillowcase. Until someone invents bedding that pays interest or dividends, that is likely to be a bad idea.



You may have read that the markets are down because of too much good news.

It’s true.

January 2018 saw a market run-up of breathtaking scope. The Weasel-in-Chief was smugly taking credit and taking Olympic Gold for World’s Worst Comb-over (Orange Division). Kids on the street were selling their bicycles and holding bake sales to pick up some bitcoin, wait a day or two, and then cash in expecting in a day or two to have enough money to buy a private Caribbean island that would be closed to those short-sighted ever-selfish Baby Boomers who ruined the Earth by inventing cell phones, expanding civil rights, and creating cheap birth control that begat Hook-Up culture, all while stupidly neglecting to shape a world where no one would have to work.

Mean or what?


The good news that rattled the markets is that more people are working and that the people working are earning more money. Wall Street, naturally, near soiled its underwear.

The bad news was that many people persist in believing that economies are a zero-sum game. If the notion of I win, you lose! rules the markets, what could be more awful than Citizens getting a bigger piece of the pie?

More people, more jobs, more money, that’s bad.




In Business, Economics, FINANCE FOR THE CLUELESS, Personal Finance, Political Economy, Wall Street on February 6, 2018 at 3:42 pm
(modified from a post originally written in 2017)

Simple Truths

  • The stock market neither advances nor retreats–though prices indeed go up and down.
  • For every buyer, there is a seller.
  • When buyers and sellers agree to prices, they set asset values.
  • Buyers buy with the expectation of future profit; sellers sell when they believe continued ownership of an asset constitutes a risk no longer commensurate with possible reward.
  • No one in a free market is under compulsion to sell, buy, or participate at all.
  • Wall Street is neither a battleground for territory, nor  an adversarial contest.
  • It’s a market.

Wizards require small investors to believe that generals understand the battlefield and so deserve your trust and your fees because they otherwise have nothing to sell.

Market Sentiment

After getting into the game by buying 3 to 5 broadly diversified vehicles, you should do nothing. Nada. Nothing at all. In 2017, if you followed that strategy, you made mere 20%. In January of this year, the froth of your beer bubbled up, but the winds of February blew them away.

Throw thyself off no bridges. You are still 20 percent ahead of a year ago.

Since the vast majority of investing operations on Wall Street and the bourses around the world are performed by networked machines that monitor every price tick and move great mountains of capital for millions of worldwide financial vehicles, there is no human sentiment involved. Understand: When you as a small investor get the news of sharp price movement, it is too late to act, unless you think and make decisions at light speed and happen to be a Cray computer.

  • Machines do not agonize over decisions such as Buy, Sell or Hold.
  • Machines have no hearts. Machines do not succumb to sentiment. Machines do not read the newspapers.
  • Machines do not hold on to send their kids to college.
  • Machines do not save pennies to accrue the down payment on a house.

Nevertheless modern Wizards want us to believe market sentiment exists and that they are plugged into that sentiment.

Yeah. Sure. Right. Got it. Roger that.

How do TV Wizards get away with recommending buying or selling new assets every day?


Sells perpetual panic and urgency

A Warning

Dollar$ is aware that sharp price moves can be precipitated by events and non-events such as national elections, earthquakes, floods, train wrecks, and planet-killing asteroids. Only that last may have an impact on your buy and hold strategy, and Dollar$ is unsure of that.

If you think the US is going to hell in a handcart, do you also believe that after the crap hits the fan that the money you buried in the backyard will buy a can of tuna?

This is why reasoned investors await blood on the floor before buying, and unless you are within 5 years of a financial goal–retirement, your kid’s first year of college, that down payment on your house–sit tight, never sell, buy steadily, take advantage of dollar-cost averaging, and sip better whiskey.

  • Buy and hold.
  • Ignore alleged “corrections.”
  • Sleep at night.

(modified from a column originally published in December 201)