SNAFU

“Fight Against Stupidity And Bureaucracy”

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It’s never pretty when some smart ass says I told you so.

But never mind that.

“I told you so.”

There I said it.

I wrote a post “The Only Way Is Up, Unless It’s Sideways” (if you want to read it click here) that all the logic in my head told me that contrary to the Fed’s threats to raise interest rates in June they wouldn’t.

They didn’t.

Gloat, gloat.

Mind you, although I’m taking all the credit that’s going, it wasn’t that hard to figure out. Despite that it did seem to be beyond most of the ‘financial advisors’ who just swallow whatever government crap that’s going and act accordingly – and usually lose money.

So it wasn’t a great surprise to me when on Friday past, after an announcement from the Bureau of Labor Statistics that reported 280,000 jobs created in May, the promised interest-rate hike expectations have moved back to this September. My guess is still that interest rates will remain near zero for considerably longer than that. (I explained my reasoning in that other post just referred to.)

SNAFU they say in the army.

For those who don’t know, SNAFU means ‘situation normal, all f***ed up’, because that’s how it always seems in the military. Usually however they muddle through because they can always count on being bailed out by the government.

With the government it’s different. There’s no one to bail them out.

The American economy, which is currently built around a staggeringly enormous debt of $18 trillion, is slowing.

Add to that equation sluggish economic recovery on the back of a collossal and prolonged printing of money by the Fed — Quantitative Easing, they called it.

And you do not have a sound enough foundation to support raising interest rates.

Some wiser voices in the Fed – maybe just a wise voice – realize the whole thing is out of control. The Fed has hinted, prodded and sometimes just asked plainly for the government to stop reckless spending habits. But the government hasn’t tightened its belt, nor doesn’t seem likely to.

What this really means is that a hike in interest rates too soon or too fast risks not only a market crash, but also a catastrophic mess for the government — and as I said in  my previous article on the subject 2016 is an election year so there probably won’t be much boat rocking going on.

Stay tuned for what happens in September, I still have some humble pie in the freezer if I need it.

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Remember The First Law Of Holes – When You Are In One, Stop Digging!

“Fight Against Stupidity And Bureaucracy”

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The Sunday Sermon

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Another week has gone by and President Obama just keeps on digging the hole he has unnecessarily got himself into.

Secretary of State Kerry has found a bigger shovel to help. And even the US Ambassador to the UN has jumped into the hole too.

Almost everyone else is against him, even the pope.

America has never been good at foreign policy decisions, but this latest debacle over Syria has to be one of the worst – EVER!

There have been a lot of mistakes. It looks like there will be a lot more. Here are some of the main ones.

Mistake #1  –  the worst of all – getting involved in something that is none of your business.

Mistake #2  –  refusing to take wise advice or recognize the mood of your own people and the rest of the world. End result, you leave yourself isolated with your influence to help anyone in the future much diminished.

Mistake #3  –  not learning from past mistakes of others. That just leads to repetition of previous debacles.  

Mistake #4  –  appointing other idiots to tour the world to make sure everyone knows how stupid you are.

Mistake #5  –  failure to commit totally. At least when Dubya and his conies were intent on getting us bogged down in Iraq they had the wit to tell Saddam to prepare for “Shock and Awe”. Obama’s right hand man Kerry, on the other hand, has threatened the Syrian leadership with a military response that will be – wait for it – “… an unbelievably small, limited kind of effort.” Rather than intimidating Assad that kind of threat must have left him doubled up with laughter!

Mistake #6  –  making yourself look like a real dumbass by trying to be a smartass and calling an opponent a jackass. It may or may not be true, but resorting to such tactics just because someone doesn’t agree with you, almost always backfires on you. It has in this case. Putin is coming out looking reasonable and sensible while Obama is making himself look more and more ridiculous.

There are plenty of other examples, but this lot will do for now.

It’s hard to correct mistakes at the best of times. But it is almost impossible to correct a mistake if you are so arrogant that you don’t realize you made one in the first place.

That’s what has happened to President Obama and that is why he just keeps on digging the hole he is in deeper and deeper and deeper.

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