Category Archives: Anecdotes

Successfully Played with Fire

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There are a couple of types of trading which appear to generate ungodly sums of profits (at least judging from the advertisements) – – FOREX and options trading. My personal experience with both of those has been bad enough to swear off them both years ago. Indeed, pretty much all options traders get their body parts handed to them in short order.

Some folks, however, fare better, and our own Baywolf shared this success story with the group:

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The Problem with Full Employment

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This is going to be very much a “First World Problem” kind of post, but here it goes.

Lately, I’ve noticed a problem here in town that I also noticed in 1999/2000 and 2007. Specifically, the lack of qualified,  motivated, or otherwise capable people in all manner of service occupations.

The cashiers at Whole Foods are getting increasingly sullen. The clerks at shops don’t seem to like what they’re doing. The high-tech workers are cranky and reek of entitlement. Downtown is littered with Help Wanted signs, but all the warm bodies are already at work.

This plays out even at high-end restaurants. The world-famous Nobu sushi restaurant opened in Palo Alto just a few weeks ago, but to the excitement of the citizens here. It joins other spiffy cities around the world as having a Nobu.

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Active ETF Portfolio

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At the end of last year, I decided to make an experiment for myself. I established a portfolio at Merrill Lynch with which I intended to break with my normal style and (1) only have a handful of positions at a time (2) trade strictly ETFs. The portfolio has still had the bearish bias that pulses through my veins, although with gold and oil ETFs, it isn’t quite at the mercy of Yellen to the degree that my normal portfolio is.

I started my experiment with a $195,000 account,  I started off very cautiously, making a couple hundred dollars here, a couple hundred dollars there. As 2017 moved forward, I was able to relatively steadily get the account up to around a 10% gain, something close to $215,000.

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Another Blogger Loses It

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Long-time readers probably sense that I’ve been going a bit off the rails lately, particularly with this weekend’s popular Ego Salieri post. It has now been ONE HUNDRED MONTHS (March 2009 to present) of an increasingly insane, never-going-to-go-down-again market, and frankly I consider it pretty goddamned amazing Slope (and I) have made it this far.

I thus felt a little bit less lonely when I read this piece from The Burning Platform. One paragraph in particular jumped out at me (emphasis is mine…….)

I’ve spent the last nine years operating an anti-establishment website, with the purpose of trying to pull back the curtain on the Deep State operatives in the government, military, Wall Street, mainstream media and central banking. I’ve written so many articles revealing the falsity of government generated unemployment, inflation, and GDP propaganda, the criminal activities of Wall Street bankers, the treasonous actions of the Federal Reserve, the seditious activities of corrupt spineless politicians, the false flags provoked by the military industrial complex, and the contemptible propaganda peddled by the corporate media, that I’ve reached the burnout phase. I’ve grown tired of writing the same article every month discrediting government falsehoods.

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Ego Salieri

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All I wanted was to sing to God. He gave me that longing… and then made me mute. Why? Tell me that. If he didn’t want me to praise him with music, why implant the desire? Like a lust in my body! And then deny me the talent?

This will be the most personal post I’ve ever written in nearly thirteen years of doing this blog. Indeed, I’ve been debating with myself whether I should ever do this post. There are people I know will read it whom I’d prefer not be aware of these thoughts. It would be much easier, as well as risk-free, to simply yammer on about some stupid chart or something. For whatever reason, however, I feel compelled to express myself.

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