On today's market scare

 Article from Charles Schwab:  Panic Is Not a Strategy—Nor Is Greed
. . . "If markets are good at one thing, it's reminding investors that they don't go up uninterrupted forever. The US stock market went over 1,000 trading days between its 2011 correction and the one we’re in the midst of presently. Normally, corrections—defined as declines of at least 10%—occur about once a year. As the chart below illustrates, the CBOE Volatility Index® (VIX) has spiked. Last week’s move was the largest for a single week in the history of the VIX, albeit nowhere near the peaks between 2009 and 2011." . . .

How Would Market Chaos Affect The 2016 Race?   . . . "This sharp decline in stock prices is in no way comparable to the meltdown of 2008, which threatened the global financial system with ruin. Venerable investment houses are not failing. Big banks are not clamoring for emergency infusions of cash. There is no subprime bubble to burst.

"But the current market losses, which began in China, are not happening in a vacuum. China's growth rate, which for years was about 10 percent a year, is down to a relatively anemic 7 percent, according to official figures -- and the true growth figure is probably much lower, according to independent economists. A slowdown of this magnitude in the world's second-biggest economy inevitably ripples across the rest of the globe." . . .Liz Ann Sonders

The Fed Rolled a Wheelbarrow of Dynamite into a Crowd of Fire Jugglers   " . . . John Hussman be abused by the elitist Wall Street lemmings. He has too much integrity and class to lower himself to the level of Wall Street hucksters. His letter this week is heavy on substance, facts, and sound reasoning. Therefore, it is of no use to CNBC cheerleaders or Wall Street shysters. His lessons are timeless.

Rather, the key lesson to draw from recent market cycles, and those across a century of history, is this:

Valuations are the main driver of long-term returns, but the main driver of market returns over shorter horizons is the attitude of investors toward risk, and the most reliable way to measure this is through the uniformity or divergence of market internals. When market internals are uniformly favorable, overvaluation has little effect, and monetary easing can encourage further risk-seeking speculation. Conversely, when deterioration in market internals signals a shift toward risk-aversion among investors, monetary easing has little effect, and overvaluation can suddenly matter with a vengeance. 

  Read the full article

Stock market plunges, then regains half the loss in 30 minutes   "The end of the world has been postponed. Following dramatic plunges in Asian and European markets, the Dow Jones futures index predicted over a 600 point loss by opening. And sure enough, panic selling pushed the Dow Jones Industrial Average down over a thousand points. But within thirty minutes, more than half the loss was recovered."

America Needs More Judges Like This

"Excellent!! This, "lawyer", and his racist disciples of satan/demoncrat clients thought they were going to get another pie-in-the-sky, whinny, liberal, fellow demoncrat judge to go along with their phoney, race-baiting, oh woe is me, I've been discriminated against cop-out (no pun intended). But they got a law-abiding judge who adjudicates on the facts. You go judge John!"

Posted by Law and Order American Justice on Tuesday, August 18, 2015

Via Law and Order American Justice

WAPO WRITER: Thinks Black Votes Should Count For More Than …

Clash Daily

"So they don’t really want ‘equality’, do they? You can’t make this stuff up anymore.

A writer over at The Washington Post has a bold new proposal he believes can heal the American racial divide: empower blacks by making their votes count more than those of other races.
“Racial reconciliation is impossible without some kind of broad-based, systemic reparations,” writes Theodore R. Johnson, a former White House fellow and current Ph.D candidate in law and policy at Northeastern University. “But if a pecuniary answer can’t fix the structural disadvantage — and it can’t — what can?”
The answer, Johnson argues, is simple: weighted voting, where black votes count for more than white ones. Specifically, Johnson suggests giving each black person five-thirds of a vote, to reverse the old three-fifths compromise written into the U.S. Constitution.

 Read more: Daily Caller.

Top 3 Observations About Hillary Clinton’s Ever-Expanding Email Scandal

Doug Ross Journal
"The invaluable Sharyl Attkisson, an investigative reporter excommunicated from CBS News for daring to reveal some of the crimes of the Obama administration, offers an informed set of 15 "unsolicited observations" regarding Hillary Clinton's ever-expanding email scandal. My top three?

Mills

[1] Turning a blind eye?

"There’s no excuse for law enforcement officials failing to investigate the serious allegations made by a former Clinton Deputy Assistant Secretary: Raymond Maxwell. A year ago, Maxwell alleged he witnessed a Benghazi document sorting operation in the basement of the State Department with Clinton aides Cheryl Mills and Jake Sullivan present. " . . .
Need we tell you the rest?

[2] What difference does it make?

"Clinton has shifted her verbiage in significant ways:

March 10: “I did not email any classified material to anyone on my email. There is no classified material. I’m certainly well-aware of the classification requirements and did not send classified material [emphasis added].” Her precise wording leaves open the possibility that she received classified material.
July 28: “I am confident that I never sent nor received any information that was classified at the time it was sent and received [emphasis added].”
August 18: “I did not send classified material, and I did not receive any material that was marked or designated classified [emphasis added].”

"No matter the wordplay, the inspector general of the Intelligence Community has provided information that, if true, means all of Clinton’s statements are false."

[3] Ghosts of document controversies past.

"Clinton has long been surrounded by document controversies and by associates connected to document controversies." . . .

http://comicallyincorrect.com/2015/03/17/clinton-email-scandal/

The Plot to Impose a National Sales Tax or Value Added Tax

 

NoisyRoom   "A devilish plot is afoot to impose new national taxes on the American People.  It is a masterful piece of trickery because the authorization for the new national taxes is buried within Compact for America’s version of a balanced budget amendment to the US Constitution.

"Furthermore, the balanced budget amendment does nothing to control federal spending; and transforms our Constitution from one of limited and defined powers to one of general and unlimited powers. ¹

"Yet this monstrosity is pending in Michigan as SB 306 ² and in North Carolina as HB 366. ³ Legislators in four States, Alaska, Georgia, Mississippi and North Dakota, have already passed it.
Let’s look at Sections 1-6 of Compact for America’s balanced budget amendment:
  It does Nothing to Control Federal Spending
"Section 1 allows Congress to spend as much as they take from us in taxes and add to the national debt. That’s a good idea?

"Sections 2 and 3 permit Congress to raise the debt whenever 26 States agree.  States are addicted to federal funds. Will 25 States agree not to take more federal funds?" . . .

Crowd sings “How Great Thou Art” after high school band banned

Legal Insurrection

 “A lone voice began to sing the forbidden song”

"The progressive war on faith isn’t limited to the condemnation of bakers who stand for their religious principles; indeed, that’s a relatively new development. Before bakers, high schools were (and still are) the target of these attacks on faith in America. From Texas cheerleaders banned from using Bible verses on their banners to schools banning Christian clubs to schools banning religious Christmas music at “winter”—or sometimes “holiday”—concerts, we repeatedly see this war on faith play out across the nation.

"One such incident occurred in Brandon, Mississippi, where the high school band was benched and unable to play their half-time show for a Friday night football game because it had been banned from playing the hymn, “How Great Thou Art.' ”

 Todd Starnes reports:

There was no halftime show under the Friday night lights at Mississippi’s Brandon High School — the marching band had been benched.

The band was ordered off the field because the Christian hymn “How Great Thou Art” was a part of their halftime show — in violation of a federal court order.

 "What followed was amazing and heart-warming:" . . .

Ted Cruz shows presidential qualities while grilling pork and lesbian activist

American Thinker   "While innocently grilling some pork, Ted Cruz was ambushed by lesbian activist Ellen Page, who tried to shame him for not supporting homosexual marriage.  But instead of Cruz being shamed, it was Page who was tongue-tied while Cruz turned the tables on her.

"This was a stunning performance, even more so considering that it was a surprise attack.  Cruz was calm and cool and collected.  He quickly turned the attack back on the attacker, making her look like a hypocrite for not caring about homosexuals executed in the Middle East.  He turned a discussion about "discrimination" into one of religious liberty.

"This is the kind of candidate we need:someone who is not just a conservative, but an articulate conservative, who can turn the tables on attackers and challenge assumptions of questions.  This is the kind of candidate who could be president and easily handle the most hostile questions from the liberal media, turning them back on the questioners.

Read more

Anchor what?

American Silliness 8/23/2015

 

 White House appoints man dressed as woman as personnel recruiter 
. . . ."What this is doing, in effect, is using the prestige of the White House to promote this form of gender dysphoria, a role model by this increasingly dysphoric White House.

Feds To Stop Calling Midget Raisins “Midget” After Group Calls Term Offensive… 

Why progressives are wrong to revere Margaret Sanger  "Margaret Sanger is a saint in the feminist church. She is a charter member of the progressive hall of fame. Liberals revere this woman who preached “race improvement” and denounced what she called “human weeds”.

This Week in Progressive Lunacy: Calling Your Daughter Princess Supports Rape Culture  ". . . if she seriously believes America is a rape culture, then she needs to read up on - to name just one example - what's happening to Yazidi women enslaved by the animals of ISIS." 

 If 'anchor babies' is too incendiary, how about 'anchor fetuses'?   . . . "Liberals don't get upset when fetuses are dissected.  What's deportation compared to that?". . .

The Daily Caller Proudly Presents: The DUMBEST College Courses For 2015   "America’s elite colleges offer plenty of ridiculous courses. Many are taught by hilariously leftist professors straight out of central casting. Other classes transcend politics and exist on their own fabulous plane of stupidity. Many of them cost a ton of money.
"For The Daily Caller’s list of pathetic college classes for 2015, the course descriptions are reprinted here exactly as they appear in the colleges’ course manuals." . . .

The Beginning of the End of Religious Freedom

Patriot Post

 

" . . . The owner of Masterpiece Cakeshop, Jack Phillips, declined to participate in Charlie Craig and David Mullins' celebration because such an event conflicted with his Christian faith.

"Here are a few things Phillips didn’t do: He didn’t query consumers about their sexual preferences. He didn’t bar same-sex couples from purchasing a cake at a place of public accommodation. He didn’t ask consumers traveling in same-sex pairs to leave his shop. He didn’t hang a “No Gays Allowed” sign in his window.

"What he could never have known when he first opened his shop was that celebrating gay marriages would be a precondition for making a living. And when you consider that there are at least a few dozen other bakeries within a short drive from Masterpiece Cakeshop that could have accommodated the couple’s celebratory pastry needs, why would he?

"Yet instead of exhibiting a basic level of tolerance (or dignity), two priggish bullies decided to call the authorities when Phillips refused to bake them a cake. And the cultural commissars at the Colorado Civil Rights Commission soon ruled that he had discriminated against the couple." . . .

Read A Copy Of The ‘Side Agreement’ To The Iran Deal That Gives Iran Ability To Inspect Itself

 

Infidel Bloggers Alliance   "From Fox News:

A draft document exclusively obtained by Fox News supports reports that Iran would play a major role in inspections at its controversial Parchin nuclear site, by providing U.N. inspectors with crucial materials.  

The so-called side deal, labeled "Separate arrangement II," says Iran will "provide to the [International Atomic Energy Agency]" photos and videos of locations and environmental samples, "taking into account military concerns."  

Details of the arrangement were first reported by the Associated Press.  

CLICK HERE TO READ THE AGREEMENT

The agreement also provides that the agency would ensure the "technical authenticity" of activities -- in other words, ensuring nuclear work was not meant for weapons development -- but the IAEA would use Iran's "authenticated equipment."  

This would be followed by a visit from the IAEA director general.  

The details of the agreement for Parchin, where Iran has long been suspected of trying to build nuclear weapons, have fueled concerns from critics.  

"The agreement looks like Iran calls the shots, vetoing technical inspections when they want, where they want at the Parchin military site," House Foreign Affairs Committee Chairman Ed Royce, R-Calif., said in a statement." . . .

 

Steven Spielberg and the Temple of Obama

 Column: Building the Barack Obama post-presidency, one liberal billionaire at a time

 Washington Free Beacon   "The closest I’ve ever come to glimpsing hell was on Monday, when I read an article in the New York Times headlined, “With High-Profile Help, Obama Plots Life After Presidency.”

"Reporters Michael D. Shear and Gardiner Harris reveal the “methodical effort taking place inside and outside the White House as the president, first lady, and a cadre of top aides map out a post-presidential infrastructure and endowment they estimate could cost as much as $1 billion,” or about as much as Obama fundraised for the 2012 campaign.
"This effort began in November 2012, shortly after his reelection, when the president hosted filmmaker Steven Spielberg at the White House for a screening of Lincoln. President Obama was “spellbound,” the Times reports, as Spielberg held forth “about the use of technology to tell stories.”
Such technology, Spielberg went on, could also be used to tell Obama’s story—to somehow convince future Americans, against all evidence to the contrary, that his presidency was an experience they would like to repeat. “Ideally, one adviser said, a person in Kenya could put on a pair of virtual reality goggles and be transported to Mr. Obama’s 2008 speech on race in Philadelphia.” I’m sure they’ll be banging on the door to get into that exhibit." . . .