Recently, we warned about the stock buyback meme beware-of-buyback-meme that's been so popular in driving up equity prices during this market cycle. Stock buybacks are related to earnings and drive prices. Fewer shares outstanding, higher booked or reported earnings. More shares out, more earnings dilution.
A blurb in this week's Barron notes: "Even stock buybacks, which boosts earnings per share, appear to be falling out of favor.....All told, shares of companies that have been buying back stock under performed the S & P 500 by 2.7 percentage points during the third quarter...."
The current panic over the dangers about climate change is like that summer lobster you unfortunately left a bit too long on the barbecue--overdone. The first clue is the most obvious. To scare up more traction they had to change the name from global warming to climate change.
Global warming is too specific. Climate change covers a great multitude of sins. It much easier to slide a few by the populace that way. The more specific the closer one's feet can be held to the flame. That's the only real global warming. So when the bureaucratic worry-peddlers and scaremongers meet later in a fortnight in Paris, look for the carrying cost to the solution to this exaggerated nemesis to escalate. And that's with a capital E.
The scaremongers, taking their lead from the recent Halloweenies, are out in force ahead of that meeting blaming everything and anything including the flooding of my grandmother's basement on climate change. The only problem is my granny never had a basement.
Related to the climate change madness is the PC craziness. Here's an insightful, long over-needed,
truthful exposure of that crap from ZeroHedge. Read the entire piece at .zerohedge.com/news/2015-11-07/thin-skinned-minority-ruining-nation-professor-crushes-political-correctness-wave-sw
In a time where college students are offended by pretty much everything, The Federalist Papers reports that one professor at UNC-Wilmington decided to cut through the rhetoric and let his students know that they aren’t the special snowflakes liberals and their parents would have them believe.
His epic class introduction has gone viral, and for good reason: this is the most common sense lecture to come out of any college in a long time.
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