Perry Glasser

Archive for the ‘SOCIAL MEDIA’ Category

MILLENNIAL WHINING

In Economics, Economy, Millenials, Political Economy, Politics, SOCIAL MEDIA on June 2, 2018 at 10:45 am

The jobless rate ticked own in May to a seasonally adjusted 3.8%, the lowest since April 2000…The last time the rate was lower was in 1969.
–Wall Street Journal, June 2, 2018

Since 1969?

Dollar$ turned 21 in 1969.

The good news reported by the Labor Department includes rising wages among all classes of workers irrespective of race, gender, or education, but Dollar$ could not help to think of Millennium friends who periodically flood social media with bitter attacks against those Baby Boomers who came of age when life was so easy, and who then spoiled everything for everyone ever after.

Dollar$ as a matter of disclosure is happy to reveal he is one of those Baby Boomers, and Dollar$ freely admits the rise in price to thrive in in the American economy has not always been even—the rise in cost of housing, education, and healthcare as percentages of incomes is staggering—but Dollar$ takes perverse pleasure in noting that there is simply no longer any contemporary rationalization for staying at home and whining about it.

Whining most often to each other about the unfairness of life is accomplished by cell phone (A Boomer Innovation) is, how there is never enough time to compete on the Internet (ABI) with video games (ABI) on their flat screen hi-def TV (ABI) and which leaves not much else to do except participate in Hook-Up culture enabled by easily obtained and easily used birth control (ABI). Leave alone the more significant cultural changes in Civil Rights, Women’s Rights, Voter Registration, Marriage Equality, and a half-dozen other causes, all essentially accomplished but under perpetual attack by troglodytes who long for an America that never was.

The price of social freedom and progress has always been vigilance.

But the good news means there is no excuse not to go forward. Sorry we did not get to it, but it is time to roll up your sleeves, kids. C’mon, my grandchildren are counting on you for:

  • Silent jet planes,
  • Genetic cures.
  • Economically viable renewable energy,
  • Relief from America’s oil, concrete, and rubber infrastructure.

And, yeah, like Captain Jean-Luc Picard, after some time on the holodeck, Dollar$ wants to kick back with refreshment prepared by voice-recog: “Computer, Earl Gray, hot.”

tea3

CITIZENS & TUMBLING STOCKS

In Business, Economics, Economy, EDUCATION, Finance, FINANCE FOR THE CLUELESS, Personal Finance, Politics, ROBERT REICH, SOCIAL MEDIA, Wall Street on February 5, 2018 at 7:27 pm
jimmy-stewart

investor

Dollar$ readers have asked for a comment on the recent path of stocks falling off a cliff. Though Dollar$ seldom references perturbations in the market, in this case he will make an exception because any number of people with brains of tapioca or in possession of advanced degrees will point to this event to declare it political, a referendum of sorts on Donald Trump for whom they hold unsustainable rage.

 

THE AXE OF RAGE 

Rage as a political stance is unsustainable because it consumes its object as well as those who revel in it. We grind that axe at our own peril.

That won’t bother pundits such as Robert Reich at Berserkely. Expect his gloating to surface in a day or two while his cadre of unsalaried graduate student do his work for him.

After all, Reich persuaded thousands of Facebook followers that Spring rain, the demotion of Pluto from planet to rock and back again, and your most recent dose of athlete’s foot, were all ploys by the rich to separate you from your money because there is no bottom to the depth of their greed. (Except for St. George Soros, who sends wheelbarrows of Canadian cash to political causes in the United States out of simple generosity, something that most of us would find curious if the cash came from Outer Slobbovia or Russia.) The Professor has yet to mention the President’s promise to go after Big Pharma or his championing “the right to try” to give the sick access to medications stalled in the FDA’s long system for approval. How could Reich do so? His followers might dial back their rage, and then who’d buy the Professor’s books, subscribe to his videos on Netflix, or line up to enroll in his one class per year in a lecture hall packed with the beneficiaries of privilege, those students at Berserkeley who on cue wildly applaud before marching to deny free speech to someone else?

To be sure, Professor Reich will neglect to mention that the trillions lost on world markets in the past few business days have mostly been lost by the rich. Who did you think owned the shares of companies? Your barber?

Also, make certain you know, that Dollar$ believes our President to be at base a lout, a racist, sexist, and probably a compulsive adulterer who happened to revolutionize American politics by seizing on social media as a means to create a bridge between himself and voters when his own party and the American press gave him all the chances of a balloon in a pin factory.

Benjamin-Franklin-U.S.-$100-bill

Chastity?

None of that, by the way, makes him unfit to join the ranks of John Kennedy, Franklin Roosevelt, Dwight Eisenhower, or Bill Clinton. There were many others; the folks who brag about zero tolerance for white male sin remain eager to rewrite history by expunging ordinary men from the presidential rolls. God help us if they figure out what the Founders did with their time when separated from spouses for months, and that rascal, Benjamin Franklin, was not know for his chastity.

Fortunately, The Donald did not run for Pope.

STOCKS

Dollar$ is happy to report the sky has not fallen, at least not in my neighborhood. If Jemima Puddleduck races past your front door, Dollar$ urges you to unwrap that shotgun you received as a gift from Grandpa. Go bag yourself an inexpensive cheap chicken dinner.

Responsible financial advisers will tell you to do nothing: Dollar$ agrees, unless you have a working crystal ball in which case Dollar$ would appreciate a call. All the elephants could not get through the door without the house collapsing. That’s what happened today.elephants

DECISIONS

What now? Better to ask: Where would your money be better off?

The world economy is peachy.

The American economy is also peachy, showing healthy signs of continued growth.

Do not confuse the economy with the stock markets. After a run-up of 21% in a year, market algorithms were bound to get nervous.  (Algorithms don’t properly get nervous, but the notion of market sentiment is a joke when upwards of 90 percent of all market transactions are conducted by computers.)

The American economy is in danger of suffering wage-inflation. Prices will rise because Joe Doakes, his cousin Joe Six-Pack, and their cousin, Jane Doe, are earning more.

O, the Horror! What will Reich say if people are earning more?  What fraud is being perpetrated that will need a decade to play out?

RELAX

The past week has seen a drop of 5 percent. More is coming.

Bear in mind that historically, a 7 percent gain in a year is good news. If after the carnage we saw today and can expect for a few more days your 401-k, your kids’ 509, and your savings ratchet back to a “mere” 12% annual gain, try not to swoon.

Stay  the course. There are bulls, there are bears, and there are pigs. People who try to time the market—that is, sell now with the hope and expectation of buying it all back when things have settled—are pigs , and like pigs will be slaughtered.

THE GOOD NEWS

In Business, Economics, Economy, Political Economy, ROBERT REICH, SOCIAL MEDIA, TAXES on January 6, 2018 at 1:10 pm

SOCIAL MEDIA STARS -TWOFER

Dollar$ like to imagine the column is the counterpoint to the tsunami of illogic and disinformation that rises in the far off muddled oceans and then inundates us all. Good news rarely makes it into major media. Social media is more iffy, but the War for Clicks devolves into imagery of Fluffy the Cat or Adolph Hitler because as long as there is no middle ground, panic, disgust, and self-pity rules the day.

Good News

  • Though legions of the self-righteous were quick to announce they had to leave the country because of The Orange One’s election, they are still here. Yes, that is good news. This is America, and in America when an election result does not confirm your convictions you are obliged to learn something and, if so inclined, try again. (Go Joe!  Joe Biden that is.)
  • Urban murder rates in the US are the lowest they have been since 1990. That’s hard to notice on the Left where shrill accusations of American racism serve as a touchpoint for activism no matter how distant the cry lies from Truth.
  • The stock market is at an all-time high. Again, the Left wants you to believe that lives are being crushed by corporate America when, in fact, more than half of all American workers have 401-k accounts whose returns have been staggering in the past 2 years. Will there be a correction?  Of course. So what? Stay the course; grow rich sloooooowly.
  • Unemployment rates are so low that wages are rising. If employers want hands, eyes, or brains, they have to bid for them. Cynics question the motives of organizations that have perceived the 2018 tax cut as an occasion to raise minimum wage and to give low-level workers raises.   No one, however, has yet demanded that workers scorn the new money in their wallets. Dollar$ suggests the true cause is a worldwide growing economy.
  • Your take-home pay starting in February will be higher. If you are on salary, You get to keep more or what you earn. Robert Reich* and other progressives who lack a program beyond, “I’m against it!”  are at pains to remind us that this is really a profound plot to transfer wealth from your pocket to the pockets of the rich. Dollar$, however, suggests you buy a better Pinot. Should the tax law need to be adjusted, it will be. After all, if tax law were shaped in brittle concrete, how did it get changed this year?

* Professor Reich continues to redefine chutzpah by not only telling citizens his work is vital to the program-free Resistance, but by asking us to pay to see that vital message on Netflix. This is akin to expecting members of the maquis before they were strangled with piano wire to have passed a hat to continue their vital anti-Nazi work and expecting the SS to look on benignly before beginning any torture.
All right, maybe they’d pass a beret.

REICH AND THE RESISTANCE

In Economy, Politics, ROBERT REICH, SOCIAL MEDIA on December 28, 2017 at 2:14 pm

Dollar$ apologizes for departing from its usual mission to analyze finance and instead articulate a political opinion. Lord know we don’t need another internet opinion, opinions being like rear ends—everyone has one, and everyone is sure theirs looks and smells better than anyone else’s.  But it is time Professor Robert Reich be called out. Enough is enough, and in this case enough is too much.

Professor Reich professes at U Cal Beserkely where California in 2016 paid him $263,000 to teach a class or two each year—that’s about $25,000 per lecture. That arduous duty is assisted by graduate students, also paid for by the U Cal system. That leaves the former Secretary of Labor plenty of time for speaking engagements at $40,000 a pop.

It’s not hard to be productive if you have a crew of graduate teaching assistants in your personal blog mill. Professor Reich produces 3 to 5 social media posts and short videos per day  and peddles a series of lectures on Netflix.

He lectures on wealth inequality in America.

Dollar$ is not waiting for the professor to start turning back his salary to Californians.

Professor Reich had high expectations that he’d return to the corridors of power with the elevation of Hillary Clinton to the presidency. That presumption afflicted plenty of coastal intellectuals who thereby fumbled the election by neglecting to campaign in several swing states such as Ohio and Wisconsin, places former President Obama won, twice.

In Reich’s case, the shock of loss has precipitated two responses:

  • Reich wrote a book called Saving Capitalism, which at his levels of compensation suggests the question “Save it for whom?”
  • Reich has positioned himself as the leader of The Resistance, the enemy being President Trump.

In the pictures above, can you guess, which is the real resistance fighter?

Dollar$ is no fan of Donald Trump, who in his personal history proves himself to be a lout and whose public utterances and Twitter-babble are a national embarrassment.

That said, Dollar$ points out to Reich and others that history is non-malleable fact (except at universities where professors who scoff at notions of “fake news” also posit that we live in a world where Truth is a matter of perspective).  Importantly, History is not a metaphor. That stuff happened to real people, and it was often less than pretty.

No one doubts that all internet arguments devolve into comparisons to Hitler, but until Professor Reich and other “resistors” show evidence that American citizens in the 21st century are being tortured and strangled with loops of piano wire, can we hope to no longer see a reference to the Resistance in WW2?

It’s not fun; it’s not persuasive; it’s not appropriate. And other than being a hope concerned citizens will send Professor Reich a few bucks, Reich’s Resistance has absolutely no program.

All the posture does is insult brave men and women whose sacrifice and courage should not be trampled for a cheap political point.