{"id":1054,"date":"2015-09-15T17:14:00","date_gmt":"2015-09-15T17:14:00","guid":{"rendered":"https:\/\/webhostingnola.com\/wmsgroup\/?p=1054"},"modified":"2024-10-30T17:17:45","modified_gmt":"2024-10-30T17:17:45","slug":"turn-your-nonsense-filters-on-high","status":"publish","type":"post","link":"https:\/\/webhostingnola.com\/wmsgroup\/2015\/09\/15\/turn-your-nonsense-filters-on-high\/","title":{"rendered":"Turn your Nonsense Filters on High"},"content":{"rendered":"\t\t
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Ever since the trauma of 2008, investors have had a bad case of Post-Traumatic Stress Disorder. Every drop in the market, every weak economic report, every analyst with a doom and gloom story, no matter how unlikely, creates a visceral reaction of fear, loathing, fight, or flight.\u00a0<\/p>

Back in January 2014, when the dollar was weak, Zerohedge.com published a piece titled \u201cThe Slow (But Inevitable) Demise Of The Dollar.\u201d Buy gold!\u00a0<\/p>

Now that the dollar is strong, the US is in a deadly currency war. On July 28, 2015, cnn.com published a piece titled \u201cWatch Out: Strong U.S. dollar could trigger currency crisis.\u201d Sell everything!<\/p>

On February 25, 2015, the Washington Post \u00a0posted a piece titled \u201cWhy rising wages might be bad news.\u201d<\/p>

On September 1st, after another strong month of car and truck sales, the Wall Street Journal published a story \u201cThe Bad News in Strong Car Sales.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Television is even worse, “If it bleeds….It leads!\u00a0Bad news sells, so the bigger the explosion, the more flame or flying metal a story has, the more viewers tune in. But, it goes deeper than that. Politicians\u00a0\u2013 on both sides of the aisle \u2013 use economic fear in an attempt to win votes.\u00a0The Right argues that as long as Barack Obama is president, nothing good can happen. Ask them about the stock market and they say it\u2019s just a sugar high caused by the Fed. Ask them about 66 consecutive months of private-sector job growth and they argue all the jobs are part-time (not true) or that the labor force isn\u2019t growing. Vote for us and this nightmare will end.\u00a0The left argues that bad economic news is because George Bush let his bankers destroy the country and we need more government spending and redistribution (more Democrat policies) to fix things.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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With so many outlets for \"instant news\", and \"social media\", every voice and every opinion has an outlet. C\u2019mon\u2026rising wages and strong car sales are bad?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Talking heads look into the TV screen and say things like; \u201cChina is collapsing.\u201d But the reality is that Chinese real GDP is still growing somewhere between 4% and 6% per year. Yes, the Chinese stock market has fallen sharply in recent months, but the Shanghai Composite stock index is only down 2% year-to-date and is still up 36.3% from 12 months ago.<\/p>

Two weeks ago, when the latest jobs report came out\u00a0\u2013 yep, the one that reported 173,000 new jobs in August and a 5.1% unemployment rate \u2013some analysts expressed the idea that, \u201cthe US job market is falling apart.\u201d Give me\u00a0a break. Historically, August is the month with the most upward revisions and payrolls in June and July were revised up a total of 44,000. Over the past 12 months, total non-farm payrolls have climbed an average of 243,300 per month, better than any twelve-month period in the prior expansion in 2001-07.\u00a0Another line we heard two weeks ago\u00a0was, \u201cwages were up only a TINY 0.3% in August!\u201d But, 0.3% in one month is 3.7% annualized growth! Even if inflation were running at 2%, anyone complaining about what is naturally a small gain in one month is misusing mathematics.<\/p>

For example, Greece has the GDP of Detroit, how could it possibly take the world down? China is the #2 economy in the world, but so was Japan back in the late 1980s. Entrepreneurs create growth, not politicians or the Fed. Janet Yellen doesn\u2019t frack wells or write Apps and a 0.5% federal funds rate won\u2019t slowdown Apple. Everything\u2019s Not Really So Bad.<\/p>

I think listening to only one argument is a mistake. What I\u00a0am\u00a0saying is \u201cbe careful,\u201d try to use some common sense and turn your nonsense filters on high.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Have you noticed that everything is bad these days. There is more bad economics, bad math and bad information masquerading as analysis these days than we have seen at any time in recent history. <\/p>\n","protected":false},"author":1,"featured_media":1057,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/posts\/1054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/comments?post=1054"}],"version-history":[{"count":4,"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/posts\/1054\/revisions"}],"predecessor-version":[{"id":1060,"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/posts\/1054\/revisions\/1060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/media\/1057"}],"wp:attachment":[{"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/media?parent=1054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/categories?post=1054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webhostingnola.com\/wmsgroup\/wp-json\/wp\/v2\/tags?post=1054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}