Two Ways The Government Is Lying to You Right Now

We live in an inauthentic world, yet people perceived to be telling the truth are demonized and shunned by the establishment. The fact that it took everybody so long to figure out that mainstream media promoted “fake news” to support their own political agenda is testimony to the fact that we claim to seek authenticity but settle for insincerity, falsehood and duplicity in our personal, business and civic relationships. Those of us who refuse to settle are considered “difficult.”

The question I keep asking (because I am decidedly “difficult”) is whether these people are wrong because they are stupid or because they are lying. I’ve come to conclude that the two alternatives are not mutually exclusive though one of the worst sins our society commits against itself is confusing educational achievement and wealth for intelligence or good intentions.

The U.S. government is a major promoter of fake news. It lies to its citizens about virtually everything, but one of its specialties is the publication of phony economic statistics to justify failed economic policies. Whether this will change under the new administration remains to be seen (I’m not holding my breath and neither should you), but the last eight years were characterized by one false narrative after another bolstered by phony government statistics.

These two outright lies should concern you the most.

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Don’t Throw Money At This Piece of Garbage

The Dow Jones Industrial Average continued its meaningless assault on 20,000 last week, at one point on Friday trading within 0.37 points of hitting the target before closing up 1.02% for the week at 19,963.80.  The S&P 500 rallied by 1.7% to finish at an all-time closing high 2276.98 while the Nasdaq Composite Index also hit a new all-time closing high of 5521.06.  I don’t have the vocabulary to express how unimpressed I am with all of this nonsense.

The fact that the market is rallying with the economy so weak may or may not be surprising or justified – markets are often driven higher by sentiment – but needs to be seen as a very fragile state of affairs.  Chasing stocks at their current values is a risky proposition.

While the headlines were all making happy talk, under the surface investors were throwing money at some of the worst pieces of trash out there.  While struggling retailers like Macy’s, Kohls, LBrands and others took it on the chin after reporting lousy fourth quarter results, investors marked up the stock of Sears Holdings, Inc., which pre-announced another quarter of double digit same store sales declines and sold one of its last crown jewels, Craftsman, and borrowed another $1 billion from its controlling shareholder to stay afloat. By Friday, however, Sears stock was dropping hard again.

The same thing is about to happen to this garbage stock.

If you’re smart, you’ll get out now and make a profit instead…

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