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May 1, 2017

We received numerous dividend payments on Friday….. and MORE today.  If you have been buying the Core Portfolio, you will be very happy with the ongoing influx of money.  Altho we have been buying some low yield Corporate Bonds we DO have some high paying positions….6%, 7%, even higher at 8% and 9%….GGN the gold cef is at 12.5%.  At this point everything has appreciated to the point where we really cannot add to these high payers.  (The momentum is UP on GGN so you could buy here.)

The UNG trade has been a real pain the ass.  We expected UNG to spike and we would be out over a week ago.  But the damned thing dropped and we decided to HOLD.  So we are still in UNG.  The indicators tell us UNG will go higher but this has NOT worked out the way we planned….if we get to break-even we may sell but who knows at this point.

This is why we are NOT active traders:  it is just too difficult.  We would rather own high paying high quality dividend payers and spend most of our day doing the things we enjoy…..like going on a California Amtrak sight-seeing trip next week….and we had perfect weather in Florida last week.

GO TO CORE PORTFOLIO to see current positions.


We are anxiously waiting for the library to get us the new book Shattered about the Hillary campaign.  Yeah we are too cheep to spend $30 on a book when the library is right down the street and we can take the bike down to pick up a book for free.

Here is some shockingly truthful copy from the radical liberal Hillary butt-kissing New York Times review. 

the blow-by-blow details in “Shattered” — and the observations made here by campaign and Democratic Party insiders — are nothing less than devastating, sure to dismay not just her supporters but also everyone who cares about the outcome and momentous consequences of the election.

In fact, the portrait of the Clinton campaign that emerges from these pages is that of a Titanic-like disaster: an epic fail made up of a series of perverse and often avoidable missteps by an out-of-touch candidate and her strife-ridden staff that turned “a winnable race” into “another iceberg-seeking campaign ship.”

It’s the story of a wildly dysfunctional and “spirit-crushing” campaign that embraced a flawed strategy (based on flawed data) and that failed, repeatedly, to correct course. A passive-aggressive campaign that neglected to act on warning flares sent up by Democratic operatives on the ground in crucial swing states, and that ignored the advice of the candidate’s husband, former President Bill Clinton, and other Democratic Party elders, who argued that the campaign needed to work harder to persuade undecided and ambivalent voters (like working-class whites and millennials), instead of focusing so insistently on turning out core supporters.


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SO with sky high stock market levels, you would think the economy is in great shape.  Think again:  here is the most recent gloom and doom list:

#1 The weak economic growth in the first quarter was the continuation of a long-term trend.  Barack Obama was the only president in history not to have a single year when the U.S. economy grew by at least 3 percent, and this is now the fourth time in the last six quarters when economic growth has been less than 2 percent on an annualized basis.  So essentially this latest number signals that our long-term economic decline is continuing.

#2 Consumer spending drives the U.S. economy more than anything else, and at this point most U.S. consumers are tapped out.  In fact, CBS News has reported that three-fourths of all U.S. consumers have to “scramble to cover their living costs” each month.

#3 The job market appears to be slowing.  The U.S. economy only added about 98,000 jobs in March, and that was approximately half of what most analysts were expecting.

#4 The flow of credit appears to be slowing as well.  In fact, this is the first time since the last recession when there has been no growth for commercial and industrial lending for at least six months.

#5 Last month, U.S. factory output dropped at the fastest pace that we have witnessed in more than two years.

#6 We are in the midst of the worst “retail apocalypse” in U.S. history.  The number of retailers that has filed for bankruptcy has already surpassed the total for the entire year of 2016, and at the current rate we will smash the previous all-time record for store closings in a year by nearly 2,000.

#7 The auto industry is also experiencing a great deal of stress.  This has been the worst year for U.S. automakers since the last recession, and seven out of the eight largest fell short of their sales projections in March.

#8 Used vehicle prices are falling “dramatically”, and Morgan Stanley is now projecting that used vehicle prices “could crash by up to 50%” over the next several years.

#9 Commercial bankruptcies are rising at the fastest pace since the last recession.

#10 Consumer bankruptcies are rising at the fastest pace since the last recession.

#11 The student loan bubble is starting to burst.  It is being reported that 27 percent of all student loans are already in default, and some analysts expect that number to go much higher.




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