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SELL NSS

May 8, 2019. SELL NSS. The Donald keeps pressuring the Fed to cut interest rates. Is this going to happen?

If we do see cuts, NSS. Nustar Logistics is a fixed to floating rate baby bond that will probably get hurt. We are not going to just sit on the stupid bench waiting to see what happens with rates. Sell.

NSS was purchased late last year, and we DO have a 4.7% total return gain.

We want to buy a new replacement position OR add to a current well performing position, but it is getting harder and harder to find bargains—-even with the declines this week. And we refuse to over-pay for high priced investments, which is where most of THEM ARE RIGHT NOW.

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Having worked in the food/grocery industry for decades, we are very aware of food trends and especially prices. It is almost shocking to see how expensive food items are becoming. Not only are the prices skyrocketing, but the can/package sizes are getting smaller. You have to sympathize with lower income families with kids.

If you listen to the corrupt government, there is no inflation. Read this article:

If inflation was still calculated the way that it was in 1990, the inflation rate would be 6 percent today instead of about 3 percent.

And if inflation was still calculated the way that it was in 1980, the inflation rate would be about 10 percent today.

Doesn’t that “feel” more accurate to you?  We have all seen how prices for housing, food and health care have soared in recent years.  After examining what has happened in your own life, do you believe that the official inflation rates of “2 percent” and “3 percent” that we have been given in recent years are anywhere near accurate?

The truth, of course, is that the percentage of the population that is employed has barely budged since the depths of the last recession.  According to John Williams, if honest numbers were being used the unemployment rate would actually be 21.5 percent today.

So what is the reason for the gaping disparity?

As I have explained repeatedly, the government has simply been moving people from the “officially unemployed” category to the “not in the labor force” category for many, many years.

If we use the government’s own numbers, there are nearly 102 million working age Americans that do not have a job right now.  That is higher than it was at any point during the last recession.

https://www.zerohedge.com/news/2018-06-13/real-economic-numbers-215-unemployment-10-inflation-and-negative-economic-growth

NOW IN OUR 7TH YEAR

NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This blog is designed for investors seeking income.

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