Happy New Years Eve !!!

For your enjoyment

Buy Foreign Made and Support Layoffs

'A kick in the stomach': massive GM layoffs leave workers distraught – and angry

I often share the KOGOD Auto Index to try and help people understand how their choices impact US workers.  I mean liberals often vilify businesses for laying off American workers and destroying Unions as they buy their low domestic content vehicle.

Top 10 Small Cars
Top Sedans

The unfortunate reality as shown in the numbers is that most Americans don't seem to care where their money goes, which workers it supports or which country's taxes they are paying as long as they get the car they want for the price they deem acceptable.

Now 2 of my family's 6 cars are low domestic content vehicles for some strange timing and requirement reasons, however I always put "domestic content" as one factor of my buying criteria.  And since I don't cry about unions, minimum wages, the sad plight of American workers, evil companies off shoring jobs, etc... I am not being a hypocrite when I do buy foreign.

By the way, some foreign brands have high North American content models and some US brands have low North American content models, so look closely before you buy.

Finally, please remember that if you do choose to buy that Toyota Prius, Lexus, Nissan Rogue Sport, Mazda, Kia Soul, Volvo, BMW sedan, Subaru, Mercedes, Audi, etc it does not make you anymore evil than the companies that layoff American workers.  It just means that like them, you are a capitalist who is optimizing for your benefit.  The difference of course is that if companies do not make these hard choices they go bankrupt and everyone loses their jobs, where as you just end up driving a high domestic content vehicle that was not your first choice.  :-)

Cost of Power Generation

Jerry has been trying to convince me over here that the new sources of electricity are still way too expensive.  So I read some of his links and also found these interesting current sources.

IRENA RenewablePowerGenerationCosts in 2017
FORBES Renewable Energy Will Be Consistently Cheaper

EIA Cost by Source

What I think I know based on this study is that the alternative energy sources were initially expensive and unreliable...  Since I am an engineer this makes perfect sense to me, I mean usually when developing new technologies and equipment:

• there is a steep learning curve (ie very high new content)
• the more complex, the more challenging (ie work in rain, sun, snow, hail, etc for decades)
• it takes multiple generations to debug concepts, designs, etc
• given the long life of this equipment, those generations are measured in decades
• costs at low volume are HIGH, so volume matters

My point being that the costs of the old equipment and it's development are in no way predictive of what costs will be for the modern generations of the same equipment / technology.  I am sure these industries will continue to learn, improve and reduce costs. Thoughts?

This is an interesting piece explaining the big changes that have occurred in wind.

"Noble's company, Wintec Energy, eventually replaced its 212 original turbines with 35 larger machines. Those were later replaced with five even larger machines. Today, the five turbines generate six times as much energy as the original 212, Noble said.
"It's just the difference between a Model T Ford and a Porsche," he said."

Charity or Enabling?

So one of my FB friends linked to this sweet piece.



Which seems somewhat aligned to Moose's comment regarding healthcare over here. "How about we look out for the needs of our neighbors, as Christians in a ‘Christian Country’ must do?"

To which I responded... "Moose, Unfortunately your vision of Christian is usually a bit too: Promoting Dependency for Me... How do you want to hold people responsible for making good life choices, living healthy, paying their way, avoiding being on the dole, etc?"

Now please remember I am a big fan of charitable giving to:

• help people improve and escape poverty
• help people during disasters
• help people who are ill
• care for the truly disabled

However I am not a big fan of charitable giving to:

• enable people to stay dysfunctional
• enable people to have more children than they can care for
• manipulators and con artists

 So I usual give significant amounts to organizations who help those in need, and avoid giving blindly to those standing on the street. So what does that say about my character?

And for those who do give to street beggars... What does that say about their character?

Money Management

CNN Money Wall Street craves certainty but all it's getting is chaos

Well the good news is that I feel better now.  See...

• back in middle to late 2017 I moved about 40% of our IRA type holdings to a combination of cash and bond funds, by that time I was pretty sure we were in for a wild ride
• I mean with Trump being a loose cannon and the USA being over due for a recession / correction, it was just a matter of time.
• so for the past 1+ years I have been kicking myself for not holding out for that top value...
• well now the market is below where I sold and I am pretty happy
• I mean not as happy as if I had held it all and sold it all at the peak... :-)
• But happy all the same... 

Now for the BIG questions...

• Should I move more to safer waters? I mean we are still way above the 2012 value
• Should I buy something, there will likely be a bounce soon. If only temporary.
• When will be the correct time to move back to 100% stocks? 

When I was younger and the value of our portfolio was much smaller, it was easy to just stay 100% in through the ups and downs...

• I was buying more monthly relative to my holdings, so dollar cost averaging had great power.
• And the value of my holdings were small, so 30% down was a modest value.

For better or worse, now a 30% swing is equal to years of my annual wage...  And I am not excited to give that wealth up without a fight. So though I will stay at least 50% in...  I am going to try some educated timing.  We will see how this goes...  Just remember the rules:

• When EVERYONE is excited about stocks, think about selling.
• When NO ONE wants to talk about stocks, think about buying.

Merry Christmas !!!

A Long Government Shutdown?

VOX This could be a really long government shutdown 
The game of chicken between Trump and Democrats, explained.

NPR How it may impact you

FOX Trump, Mnuchin try to calm Wall Street amid shutdown, bumpy ride for stocks

The power of EGO... Some many people striving to placate their base...

Wind Farm Update

Star Tribune: Regulators table Canby area wind farm over labor concerns Union said developer of Bitter Root project relies on out-of-state labor.

MN PUC Site  T1, T2, T3 & T4 are causing quite the fuss out in that area.  The MN farmers want the income and the SD lake cabin folks do not want these monster units within 3 miles of the lake.

Vestas: Here is more detail on these big units. 

The Suburbs in 2020

Minnpost After the 2018 election, do Democrats own the suburbs — or are they just renting them? By Greta Kaul

I believe that most outer suburban voters are somewhat fiscally conservative and socially liberal...  So it is going to be a question of which party controls their extremist factions best...

The GOP lost the suburbs this time because of the antics of Trump and their inability or lack of desire to say no to the Freedom Caucus and Religious Right.

Since I see no change occurring in the GOP for at least the next 2 years, I see the DEMs keeping control unless they bow to their Congressional Progressive Caucus, all abortions are good, the more illegals allowed in is good and the socialism rocks folks.

Let the contest continue.  :-)

Trump Annoys Another Hero

Defense Secretary James Mattis' resignation letter

I think we are back to that question...  Who of any quality and character wants to work for this guy?

Who may be next to enter the Revolving Cabinet ?


It is ironic that Trump is following in Obama's foot steps by drawing down force numbers in some of the countries most likely to incubate terrorists while complaining that we need a wall for "safety".

Kick that Can Down the Road

NYT Senate Passes Stopgap Spending Bill That Would Avert Shutdown

FOX Conservatives voice frustration after Trump signals 'gutless' retreat on border wall

Yes our politicians are spineless and ineffective... 

I Should Have?

MSN Best Life This Is the Biggest Regret in Life Most People Have


Do you agree or disagree?


I have not suffered from this one yet...
But maybe someday... 

Brexit Referendum 2.0?

VOX The case for holding a second Brexit referendum
Meet the group that wants to call “Bracksies” on Brexit


It is strange to me that Theresa May is so against having a second referendum now that folks have a better idea of what the consequences of Brexit would be...


At 48% to 52% , it isn't like Brexit had a huge majority...


Here is a relevant opinion piece.


Thoughts?

Dr Roy Spencer

Here is some information from a catastrophic climate change denier that at least seems based somewhat in science. 

And here is what some catastrophic climate change believers think of his work.

Here is a wikipedia site dedicated to him.

Of course there is the question of his religious beliefs and how that impacts his scientific findings.

"Spencer is a signatory to "An Evangelical Declaration on Global Warming",^[32][33] which states that "We believe Earth and its ecosystems—created by God’s intelligent design and infinite power and sustained by His faithful providence —are robust, resilient, self-regulating, and self-correcting, admirably suited for human flourishing, and displaying His glory. Earth’s climate system is no exception. Recent global warming is one of many natural cycles of warming and cooling in geologic history."^[34] "

Thoughts? 

A New Threat to ACA?

CNN Federal judge in Texas strikes down Affordable Care Act

Whenever I think the GOP is done harming themselves, they go an do it again.  Apparently this judge argues that since the tax penalty is now $0, the individual mandate is now unconstitutional.  And since the mandate is key to ACA, the whole law is now in question.

One has to remember that overall:

• ACA is more popular than unpopular
• The GOP has no better solution
• Everyone may experience a severe physical or mental illness
• Everyone should be paying for high quality insurance that will cover those possible expenses
• Letting citizens buy bargain bare bones insurance, or worse no insurance, just transfers those costs to the rest of  us.

It will be interesting to see where this leads and what the consequences will be in 2020...