{"id":5257,"date":"2019-07-18T08:27:44","date_gmt":"2019-07-18T12:27:44","guid":{"rendered":"https:\/\/www.ttgnet.com\/journal\/?p=5257"},"modified":"2019-07-18T13:25:09","modified_gmt":"2019-07-18T17:25:09","slug":"thur-july-18-2019-the-cookie-crumbles","status":"publish","type":"post","link":"https:\/\/www.ttgnet.com\/journal\/2019\/07\/18\/thur-july-18-2019-the-cookie-crumbles\/","title":{"rendered":"Thur. July 18, 2019 &#8211;  the cookie crumbles"},"content":{"rendered":"<p>     78F and 97%RH.   It rained on me in various parts of town all afternoon yesterday.  It was like a black cloud followed me around and wanted my auction items to be wet.  My wife said she wasn&#8217;t aware of any rain.  Must have been little cells and I just happened to drive through a bunch of them.  Stuff in the back of the truck didn&#8217;t get too wet, as long as you keep moving the airflow keeps most of it out of the bed.<\/p>\n<p>Couple of interesting things in this story &#8212; <a href=\"https:\/\/www.zerohedge.com\/news\/2019-07-16\/ex-fox-friends-co-host-flees-us-amid-ponzi-scheme-allegations\" rel=\"nofollow\">https:\/\/www.zerohedge.com\/news\/2019-07-16\/ex-fox-friends-co-host-flees-us-amid-ponzi-scheme-allegations<\/a><br \/>\nFirst, note that a guy who hosts on Fox is married to a woman who is a former news anchor with MSNBC.  It&#8217;s a big club, and you ain&#8217;t in it.  Then look at what the arrangement in question tried to do- profit by flipping and renting houses. Then the last line of the article &#8211; &#8220;As to why Clayton, Natali, and Whalen thought they could become stupid rich in flipping homes and renting them out for investors during a hiking cycle by the Federal Reserve and the eventual turning point in the economy that started in the summer of 2018 &#8212; is beyond us. <strong>All schemes tend to come undone at the end part of a business cycle.<\/strong> &#8221;  &#8211;Umm, they thought they could shear a few sheep before the bubble popped, or they thought they were too smart to get caught short when the bubble popped, or they didn&#8217;t believe it was a bubble.  Bubbles always pop.  I love how the author just casually mentions the end though, like everyone knows that&#8217;s what happened.  Easy enough in hind sight.<\/p>\n<p>And then there is this&#8211; <a href=\"https:\/\/www.zerohedge.com\/news\/2019-07-16\/despite-best-first-half-decade-hedge-funds-fees-continue-fall-0\" rel=\"nofollow\">https:\/\/www.zerohedge.com\/news\/2019-07-16\/despite-best-first-half-decade-hedge-funds-fees-continue-fall-0<\/a>   Hedge funds are supposed to be the smartest guys, Wall Street players.  If you were a conspiracy theorist, it might look suspicious that the market is so high, yet all the smart guys are doing so poorly&#8230;  <\/p>\n<blockquote><p>&#8220;Years of underperforming the market as a result of the Fed&#8217;s <strong>rigged stock environment where fundamentals no longer matter<\/strong> has led many investors to seek out less expensive alternatives, especially since central banks no longer allow even a modest drop in the market.  But hedge funds reported their best first half in a decade this year as managers capitalized on the surge in stocks after their plunge late last year.<\/p>\n<p>Even still, <strong>the 5.7% gain across the hedge fund industry paled in comparison to the S&#038;P 500, which returned almost 19% over the same course of time. This came after hedge funds delivered their worst performance since 2011 last year.<\/strong>&#8220;<\/p><\/blockquote>\n<p>And another big fund is calling it quits &#8212; <a href=\"https:\/\/www.zerohedge.com\/news\/2019-07-17\/woodfords-once-iconic-fund-begins-forced-liquidations-vows-no-big-discounts\" rel=\"nofollow\">https:\/\/www.zerohedge.com\/news\/2019-07-17\/woodfords-once-iconic-fund-begins-forced-liquidations-vows-no-big-discounts<\/a> <\/p>\n<p>&#8220;Woodford has left <strong>thousands of investors without access to their savings<\/strong> after suspending its flagship $4.63 billion equity income fund about a month and a half ago <strong>after overwhelming redemption requests.&#8221;<\/strong><\/p>\n<p>&#8212; I wonder why those &#8216;sophisticated investors&#8217; want their money back?  They need it to cover something else?  They need it for current expenses?  They&#8217;ve lost faith in the fund?  <\/p>\n<p>I&#8217;m convinced more than ever that it&#8217;s a casino.  Rule number one is &#8220;if you look around and can&#8217;t see the patsy, the patsy is YOU.&#8221;  If you stayed in, take your gains and get out for a while.  If you &#8216;let it ride&#8217; you are going to leave the table busted.* <\/p>\n<p>In politics, maybe now some chickens will come home to roost&#8211; <\/p>\n<blockquote><p>&#8220;Is Somalian-born far-left &#8216;squad&#8217; member Ilhan Omar &#8216;married to her brother&#8217;? Trump makes extraordinary suggestion about one of his Democrat tormentors<\/p>\n<p>    President Donald Trump suggested Rep. Ilhan Omar was &#8216;married to her brother&#8217;<br \/>\n    Reignited an explosive rumor that first emerged during Omar&#8217;s 2016 campaign<br \/>\n    He made the outlandish claim to the press before heading to a rally in NC<br \/>\n    Omar has failed to fully disprove the claims of bigamy and fraternal marriage<br \/>\n    She has called the rumors &#8216;baseless, absurd&#8217; and amounting to Islamophobia&#8221;<\/p><\/blockquote>\n<p><a href=\"https:\/\/www.dailymail.co.uk\/news\/article-7258833\/Trump-claims-theres-lot-talk-Ilhan-Omar-married-brother.html\" rel=\"nofollow\">https:\/\/www.dailymail.co.uk\/news\/article-7258833\/Trump-claims-theres-lot-talk-Ilhan-Omar-married-brother.html<\/a> <\/p>\n<p>She got an &#8220;islamic divorce&#8221;.   Alt-media has followed this story since it began.  MSM is late to the party.  <\/p>\n<p>And that should be enough to kick off some discussion&#8230;.<\/p>\n<p>nick<\/p>\n<p>*(nothing I write should EVER be considered investment advice, and is for entertainment purposes only, past performance is no guarantee of future performance (and that goes for past bad advice too-even a blind squirrel occasionally finds a nut.) )   <\/p>\n","protected":false},"excerpt":{"rendered":"<p>     78F and 97%RH.   It rained on me in various parts of town all afternoon yesterday.  It was like a black cloud followed me around and wanted my auction items to be wet.  My wife said she wasn&#8217;t aware of any rain.  Must have been little cells and I just happened to drive through a bunch of them.  Stuff in the back of the truck didn&#8217;t get too wet, as long as you keep moving the airflow keeps most of it out of the bed.<\/p>\n<p> <a href=\"https:\/\/www.ttgnet.com\/journal\/2019\/07\/18\/thur-july-18-2019-the-cookie-crumbles\/\">&nbsp;&raquo;&nbsp;Read more about: Thur. July 18, 2019 &#8211;  the cookie crumbles &nbsp;&raquo;<\/a><\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-5257","post","type-post","status-publish","format-standard","hentry","category-random-stuff"],"_links":{"self":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/posts\/5257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/comments?post=5257"}],"version-history":[{"count":0,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/posts\/5257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/media?parent=5257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/categories?post=5257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/tags?post=5257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}