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The Ultimate Buy (Votes) Now, Pay Later Presidency

December 27th, 2012 No comments

The Ultimate Buy (Votes) Now, Pay Later Presidency

America has never before had a leader that was more willing to spend other people’s money to fund his own agenda. By invoking the “Never let a crisis go to waste” doctrine we’ve seen an unfettered progression of non-congressionally debated programs.

Each of these went a long way towards implementing President Obama’s vision for our nation. The basic principals involved revolve around one theme.


Details have varied but the end results all point in the same direction. None of this could have happened if the media was not complicit in its adoration and deferential treatment of our newly re-empowered king.

This year’s presidential race employed class warfare as a talking point to an extent never even remotely seen previously. The president’s campaign hinged on refocusing America’s collective psyche away from four years of a horrible economy.

Instead, Democrats directed the media and the public towards simply loathing those who were unusually productive or successful entrepreneurs or just happened to be members of the ‘lucky sperm’ club.

History will show that the political strategy worked even though Obama’s economic policies, along with a huge slug of working-age Americans didn’t.

It was quite easy to get the masses to agree that taxes should be much higher, as long those higher levies would be paid strictly by somebody other than the person being asked whether to increase them.

When traveling in Europe this past September I was quite surprised to hear almost a word-for-word social justice (read: tax the rich bastards more) dialog being broadcast there as well.

The Great Recession covered for more than $4 trillion in new deficit spending. Candidate Obama was outraged at $9 trillion of debt. He is insulted today by a more than $16 trillion debt limit.


We are already starting to see the lies concerning the true costs of ObamaCare. Those with decent incomes will now be paying for themselves plus another, anonymous, adopted family. The phased-in time frame will hide the extent of the ultimate obligations until after our leader is out of office.

College loans? In the old days you borrowed as little as possible and paid back as quickly as you could to save on interest expense. With today’s Federal student loans you have an incentive to borrow the maximum amount available and to pay back as slowly as legally possible. Those with jobs deemed ‘good for society’ will have balances written off outright. Others will have them forgiven after 10 – 20 years. The ‘gifts’ come now from a benevolent Obama; the taxpayer burden comes well after he’s left office.

The way to eliminate unemployment is to eliminate unemployment insurance. Pay people to stay at home and they will. Another extension just fosters ‘off the books’ work while keeping more voters indebted to their enablers. Disability eliminates the charade of even looking for work by making things permanent plus adding Medicaid coverage.

Housing subsidies and food stamps give working people a disincentive to earn more. Why bust your ass if you might forfeit the ability to live cheaply or free?

Refi’s and Cram-downs steal money from those who made the loans while shifting default risk to only those suckers who actually still pay federal income taxes.

The 2% FICA tax holiday funded consumer spending during the two-years prior to presidential election. The $120 billion yearly bill must be made up through increased non-FICA taxation. This shifts the burden further onto the ‘lucky few’ and away from ‘working people’.

If any part of tax relief does not get extended this 2% temporary cut might be sacrificed as it brings in big money and there are no more big elections for two years.

Bernanke’s ZIRP (zero interest rate policy) helped debtors while killing any chance for risk-free returns for savers and investors. ZIRP rewards bad behavior (borrowing) while penalizing good behavior.

We would not want to train our pets or children that way. We’d expect bad dogs and lazy kids. This, however, has become Washington’s standard operating procedure.

Democracy these days has morphed into, “Two wolves and a lamb voting on what to have for dinner.” The voting results will not necessarily be moral. They will predictably always reflect a solid majority. Those hungry wolves can then correctly claim they had an electoral mandate.

Dr. Paul Price Dec. 27, 2012

Get First Class Results by Riding Coach

December 27th, 2012 4 comments


Financial Genius or Hormonal Crush?

December 24th, 2012 No comments


A Typo, or an Intentional Lie?

December 22nd, 2012 1 comment


Wall Street:                                                                                                  They May Cheat – Don’t be fooled

Readers of mainstream financial publications expect what is printed to be accurate. This should be especially true when a brokerage firm is putting out a specific buy/sell opinion that is priced and dated.

The December 22, 2012 issue of Barron’s illustrates how firms can pad their performance numbers by ‘past-posting’ recommendations after a stock has already moved up.

Here is a look at exactly what was published. The column is dated Dec.22nd but the ‘Outperform’ rating claims to have been made on Dec. 20, 2012. Robert W. Baird & Co. really liked Sealed Air (SEE) at $15.21 per share.


I found only one itsy bitsy problem with that. SEE had a weekly range (Dec. 17 – 21) from a low of $16.13 to a weekly high of $17.36. Despite Friday’s sell-off SEE closed the week at $17.35.

How, then, could Baird & Co. have put it on the buy list at $15.21? Give them the benefit of the doubt and assume they put out their research recommendation after the close on December 19th and prior to Thursday’s opening. Sorry, it closed at $17.23 that day.


Robert Baird & Co. will probably take credit for a very nice $2.14 per share (+14.07%) gain for the first day following their well-timed buy at $15.21.

Why complicate matters by saying that it didn’t happen?

I’ll be waiting to see if Barron’s or Baird & Co. publishes a correction. I won’t be holding my breath, though.

Dr. Paul Price Dec 22, 2012

Has Gold Lost its Luster?

December 18th, 2012 No comments


Individual Investors Remain Perfect Contrary Indicators

December 13th, 2012 No comments

Originally published on TheStreet’s Real Money Pro…

Individual Investors Remain Perfect Contrary Indicators

The actions of Private Clients at brokerage giant Merrill Lynch can serve as a good proxy for America’s high net worth, individual account holders. This year the net buying and selling of equities by Merrill’s ‘Mom and Pop’ accounts showed just how terrible their decisions have been in terms of market timing.

After a big January rally individuals became big net buyers of stocks. Their buying persisted from February through May. That occurred as shares were getting significantly more expensive.

Stocks were headed for a nasty two-month plunge.

As the public was piling in, professional traders were exiting.

Individuals then sold into weakness. The sales continued until the broad market turned upwards again in August. Private traders once again began adding to holdings as prices headed towards yet another seven-week, sharp decline.


Superimposing the two periods when private clients were enthusiastic stock buyers over the SPY chart illustrates my point.

Their timing could not have been much worse. Typical traders buy into strength and sell into weakness. They are usually late to the party. Often they leave just before the real fun starts.


Over the last four weeks professionals bought a net $315 million through Merrill Lynch while private money (ML client accounts) dumped a net $920 million of their holdings.

The media-induced fear of another debt-ceiling-crisis type sell-off precipitated a one week net sale of $1.4 billion in stocks by individuals. The equity holdings of private clients literally, “fell off a cliff” (pun intended) just in time to miss the recent, very profitable, rally.

Hedge funds were more than happy to buy what individual investors were unloading last week.

You can avoid being a bad example by making your buy/sell decisions based on valuation, rather than momentum. P/Es are favorable (low) and yields are better (higher) when the markets are down.

Train yourself to ignore the news. Buy only when getting good value for your money. Your bottom line will thank you.

Compressed-Spring Stocks = High Potential Returns

December 11th, 2012 No comments