There has been a wave of fund companies rebranding their funds as "green" or ESG in order to generate inflows and to cash in on these investment trends. For them, it's about the fees, not about any lofty goals. Shane Shifflett reports in The Wall Street Journal: Fund companies are rebranding their out-of-fashion investment offerings as green, hoping to grab a portion of the cash pouring into sustainable products. In some cases, the rebranding has been in name only. Last year, companies that manage mutual funds and exchange-traded funds rebranded a record 25 funds as sustainable, according … [Read more...]
BAD DEAL: Obama’s Taliban Failure Comes Back to Haunt America
Back in 2014, the media congratulated Barack Obama on his exchange of five Taliban leaders for Army Sgt. Bowe Bergdahl. Bergdahl though, later plead guilty to desertion and misbehavior before the enemy. And most of those Taliban members released by Obama have now taken places in the organization's leadership structure. Obama gave the Taliban back four of their best for a deserter. Fox News reports: Four out of five Guantanamo detainees whom former President Barack Obama released in exchange for former U.S. Army Sgt. Bowe Bergdahl in 2014 now hold senior positions in the interim government … [Read more...]
AMERICA DOESN’T RUN ON TOFU: Unhinged Biden Advisor Deflects Inflation Failure
It's hard to imagine how the Biden administration, with a straight face, can blame the meatpacking industry for inflation, while at the same time handing out checks like candy, and supporting the Federal Reserve's policy of nearly unlimited liquidity. But it's happening. Rather than take responsibility for driving up the prices on Americans' favored forms of protein, Biden & Co. are instead choosing to blame businesses. In what may have been one of the most tone-deaf speeches ever, Biden's Director of the National Economic Council Brian Deese told Americans that if you remove beef, … [Read more...]
September 2021 Update: Fidelity Still Number One
In my conversations with you, you ask me why we use Fidelity Investments as our custodian for client accounts. As you know, we have a long history with Fidelity going back to when Dick Young called on the firm during his Boston days, well before he started Richard C. Young’s Intelligence Report. As Dick tells the story, Fidelity was always the high-water mark, along with Wellington Management, especially for the institutional business, and clearly was moving strongly into retail. Fidelity simply never looked back and continues its dominance today. So, if you’re going to trust your lifetime … [Read more...]
Your Survival Guy Supports Teddy Daniels
Here's a letter sent to supporters of Teddy Daniels like me. Dear Survival Guy, You know, every day that the fraudulent "President", Biden, lies and lies to the American people, it emphasizes the need to have plain spoken truth-tellers stepping up. I'm trying to do just that. Biden is a traitor and we will impeach him. Will you help me impeach him? I am Teddy Daniels. I'm the Afghan war vet with a Purple Heart and former cop, trying to flip a Trump district, PA-08. Our district in Northeast PA went for Trump, twice- but we still have a bad Dem Congressman I will replace! You … [Read more...]
FLASH CRASH: Bitcoin Dropped 17% in Minutes
On Tuesday, the price of bitcoin dropped 17% in just a few minutes. Whether or not you believe in the merits of bitcoin, Blockchain, or cryptocurrency at all, you have to ask yourself if you need that kind of volatility in your portfolio. Caitlin Ostroff explains what happened in The Wall Street Journal, writing: Bitcoin’s selloff eased Wednesday, offering some respite to holders of the volatile cryptocurrency after a flash crash a day earlier erased billions of dollars in its value. The largest cryptocurrency by market value fell 1.3% to settle at $46,154.44 apiece, according to 5 p.m. ET … [Read more...]
SECOND AMENDMENT VICTORY: Biden to Withdraw Chipman Nomination
Joe Biden is preparing to withdraw his nomination of David Chipman for the directorship of the Bureau of Alcohol Tobacco and Firearms. The Daily Mail reports: Joe Biden is preparing to withdraw his nomination of David Chipman to head the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) this week, a Thursday report reveals. Chipman has faced a slew of criticism since his nomination earlier this year and has received bipartisan backlash of his gun control advocacy. The opposition has held up the process for Chipman's confirmation and now, two people familiar with the decision told … [Read more...]
WATCH: Renfroe Saves the Sox in Big Game with the Rays
The Boston Red Sox broke a three-game losing streak with a win against the Tampa Bay Rays thanks to Hunter Renfroe's amazing performance. The AP reports: Hunter Renfroe hit a two-run homer in the eighth inning and threw out Joey Wendle trying for a triple from deep center field for the final out of the ninth as the Boston Red Sox beat the Tampa Bay Rays 2-1 Wednesday night. Renfroe's big bat and strong arm helped the Red Sox avoid a three-game sweep against the AL East-leading Rays. Watch those big plays by Renfroe below: HUNTER RENFROE BENCHES 635 FOR … [Read more...]
BOOMTOWNS: Americans Flee Mandates for Freedom
As you and I discussed recently, big blue cities are exporting jobs to places like Florida, where their money is treated with respect. Today, let’s talk about Main Street America that’s been forgotten by big businesses that have moved America’s manufacturing base to China. How can this be a good long-term trend? I remember like it was yesterday, studying globalization—“the next big thing.” Now, look at where we are. But attitudes are changing. One thing I noticed from a trip to our log cabin in New Hampshire this summer was, the area in and around the beautiful White Mountains were packed … [Read more...]
Sleepy Joe Pulls 7 Million Americans Off the Couch
As Sleepy Joe reluctantly attempts to pull more than seven million unemployed Americans off the couch, he may want to take a look down his party line to seek out the rot. Because when he drills down into the deep Blue States, especially big blue blob cities, he’ll see years of political largesse finally coming home to roost. Take a look at Newport, RI, for example, where the streets are lined with cars from New York. Woke workers who could afford to work remotely are already here as local restaurants struggle to staff up. For years, politicians treated Newport properties as an endless piggy … [Read more...]
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