You decide.
P.S. Read more here.
Decorating the tree
Thursday, August 31, 2023
Monday, August 28, 2023
DISNEY: Into The Abyss
Disney's stock (DIS) is plunging further into the abyss...below its former support/resistance level of 100, above which lies tremendous price "froth."
Since 2015, all attempts to hold any longer-term gains have easily been, repeatedly, blown away, as shown on the following monthly chart.
It would seem that there have been fundamental problems with Disney's products that have surfaced been exposed, since then.
The following article privides some insights into such possible issues.
I've written a lengthy post pertaining to ESG here and the problems it's created for a variety of companies and industries. It seems that its been a money-losing venture for all concerned, as customers have rejected their values and what they're peddling.
People simply want products and services, NOT lectures on how or what to think and behave. It's about time that companies finally grew a pair and got back to basics to give the customer what he/she wants! 😏
Tuesday, August 22, 2023
The "Frothy" History of China's Shanghai Index
Every time China's Shanghai Index punched above 3000, it soon turned into "froth" and was, subsequently (and easily) blown away, only to retreat back into a large sideways Chaos Zone in between 2000 and 3000, as shown on the following monthly chart (SSEC).
Notwithstanding all of China's multiple efforts to shore up its considerable economic woes over the decades, nothing has been successful in the long run...and that's undisputably reflected in this chart.
Today's price is the same as it was in March of 2007.
I doubt this scenario will change any time soon...although, it may worsen if/as conditions deteriorate/warrant in the foreseeable future.
Friday, August 04, 2023
"BIDENOMICS" At Work: Fitch Downgrades U.S. Rating From AAA to AA+
Their income shortfalls versus much higher expenses are proof during this period of high inflation (at levels not seen for 40 years).
In fact, all of his "objectives" have been failures, as detailed in this article.
The U.S. has been stripped of its AAA-rating by Fitch and downgraded to AA+, as noted in the following article.
No wonder he's not busy on the campaign trail trying to sell his self-proclaimed "Bidenomics" (which includes his failed ESG policies) to everyday Americans...instead he's either been lounging at the beach or meeting with with his rich campaign donors, hoping to be re-elected in 2024. In fact, as of July 7, 2023, he's taken 352 total vacation days (39.2%) since he became President!
I think he's in for a rude awakening, if the majority of everyday Americans show up at the ballot boxes, inasmuch as they're "sick and tired of Bidenomics."
Meanwhile, Joe's been busy depleting the U.S. Strategic Petroleum Reserves and selling oil to economic and national security rival China, following a secret deal made by Biden's Energy Secretary in 2021 [tying in with Joe's son's (Hunter) business ties with China's largest energy company].
More details on Hunter Biden's (including the Biden family's) multiple foreign business shenanigans and influence peddling operation involving the receipt of millions of dollars over the years, some of which were solicited while Joe was Vice-President under former President Obama, and perhaps while he was a Senator, can be found here.
It's a wonder that Joe Biden hasn't been impeached yet, given all that various Congressional House committees have recently uncovered, so far...but that may just be a matter of time, inasmuch as House Speaker Kevin McCarthy is weighing whether to launch impeachment inquiry proceedings...as more damning evidence against Joe continues to surface every day.
* UPDATE Sept. 6...
No one can afford Joe Biden's "green energy" ESG projects, as they flounder in massive debt, supply-chain problems and cost-overruns.
Everyone could see that coming, except for Joe...whose socialist policies and agenda are crippling Americans through perpetual bailouts of his party's rich cronies/donors/investors/business tycoons, which contribute to out-of-control persistent inflation.
Not only that, this agenda is a danger to national security.
And, with over 1600 world climate scientists signing a formal declaration that there is no climate crisis, one wonders why President Biden and other world leaders have been pushing the opposite narrative at all...particularly, since not one of them is qualified or credentialled to make those claims and create policies, laws, and mandates around such lies. 🤔
* UPDATE September 11...
Excellent questions, indeed...perhaps the answers are coming soon, before more damage can be heaped on Americans by Joe Biden and his extreme far-left socialist policies...
* UPDATE September 12...
House Speaker Kevin McCarthy announced this morning that he is directing the House to begin an impeachment inquiry into President Biden, based on a number of facts and alleged crimes they've already uncovered, which merit further investigation, such as abuse of power, obstruction, and corruption.
No doubt this will put a crimp in Joe's "Bidenomics" claim to fame, as well as his planned second-term Presidential re-election bid in 2024.
Stay tuned for eventual fireworks and more shocking revelations.
* UPDATE September 13...
You can thank President Biden's "Bidenomics" for this inflation hot mess...
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