Pater John’s Pizza Furlough

Some month’s ago, around the 2012 elections, Papa Johns Pizza threatened to cut workers hours in efforts to avoid paying health insurance under Obama’s health plan. There was a public uproar causing the head of Papa John’s to backpedal faster than Lance Armstrong on steroids.

Other companies and C.E.O.s also threatened to cut worker’s hours, close their businesses, and even outsource to Asia and in general repressive nations. Papa Johns provides a product and service that cannot be outsourced overseas so this is the best they can do. Also, I don’t think they could find a better market that a country with an obesity epidemic.

Let me get to the point in a New York Minute. We should applaud Papa John’s. There are still many unemployed and even though companies may cut part-time hours there customers do not stop eating. They will need coverage during the same hours they had previously by hiring more workers. They will have to have more workers and less hours per worker. Overall this will diminish the officially reported number of unemployed people. Maybe the Obama administration expected this reaction, but probably not. Either way this can be a good knee-jerk reaction by Papa John’s, Olive Garden, etc. for the hordes of unemployed.

The recent hub-bub about the sequester and the furlough or government workers is similar. Let us cut the individual worker’s hours to save the companies, save the jobs and give more opportunities to more people. I would be willing to work only three(3) days per week than have another guy work my other two(2) days. Or we can alternate some other way. We both would be able to live more, spend time with family, maybe even read a book made of paper, go back to school, write a screenplay. We would have enough money to eek out an existence and still have a real life! Let the furloughs begin!

Stop, theif!!

Today I want to rant about wage theft. I’m certain anyone that works for a salary and not an hourly wage can identify with what I will write.

Now all my young adult like I aspired to make thousands of dollars so I could make my parents proud and fund my creative activities and partying. When I was finally offered a living wage. I realized the concessions necessary to maintain that job compromised time with family and doing the fun things I expected the job to finance. I especially was not making a living wage if I divided my earnings by the amount of hours I worked and multiplied by 40 hours.

I felt deceived, no, dare I say, I felt robbed. Recently the HR department presented all the workers with a contract regarding “Wage Theft.” How dare they! Anyways just as we are all doing, I quivered in fear of reprisals and signed stating that the company has been compensating for hours worked over 40/week. By my calculations I have been robbed $16,000/year working overtime without compensation.

I must say though, that nowhere does it state that workers must work extra hours. It is an unspoken rule, somewhat of a culture. On at least two occasions it has gone beyond unspoken when my boss has stated [we all need to stay late, and if that’s a problem then we have a problem.] Being the submissive, yes-man that I am, I did not grab him by the throat ant throttle his wrinkly neck.

I must say that labor has gotten weak. What happened to the unions backed by Mafia dons who would punish these bosses and spread the spoils to keep the troops in good morale?(I’ve been watching a lot of Mafia documentaries of late.) Companies would not dare to send jobs away to another country or even state. They would not dare anger labor who had physical prowess to backup their pageantry.

I will close by saying that I am grateful that I am working for this company, in a time where jobs are scarce. I am definitely loyal and will provide them with a positive ROI. For how long is the only question, as I will take my talents elsewhere in conditions do not improve. Ideally to my own company, where I will reap the rewards and retards of exploiting my own labor.

I told you so…now buy GOLD

Way way back in August I wrote the following “There is no money to be made in the market now. The bottom is still a ways away. If Romney wins, buy everything. If he looses, wait until end of 2013, hold, then sell end of 2015.

After the recent elections we hear a lot of chatter about companies downsizing and punishing the economy as a result of the appointment of Obama. So expect a sudden downward spiral that will probably not be saved by Black Friday or Christmas shopping. Expect things to keep going down until about summer time. The summer will bring a plateau and the back to school season, and then Black Friday 2013 will give an expected lift.

Things will get back to normal, barring domestic terrorist attacks or attempted assassinations of the president or an all out race war. Any one of those unfortunate occurrences will probably have the market spiral down further until China steps in to recover the nation financially from literal ashes. Lets say around 2020. Saying that and saying this, I have to suggest something I know little about. BUY GOLD!!!

People make the word go round.

We have done it to ourselves, as usual. In the attempt to plug small holes we have created one big hole somewhere else. I am referring to automated services that have saved companies on labor, therefore lowering overhead and increasing profits. TEMPORARILY. The increase is temporary because, when you eliminate jobs with automation you eventually and permanently eliminated a group of customers. Not only for your individual company’s goods/services but other’s goods/services.

This is potentially why the recovery was a jobless recovery. Stocks were moved around, markets and currencies manipulated, people were fired, wages/benefits were cut, and web-sites and automatic check-in/check-out machines were introduced. A large segment of the especially unskilled population became unemployed. Unskilled workers, who were WILLING to work are now have to use unemployment and other publicly funded methods of staying ALIVE. Creating a burden on local and federal governments.

So that’s a double whammy. No spending, plus leaning on the state. These people were WILLING TO WORK, but in our selfish and eventually collective shortsightedness we have screwed ourselves in the long term. We forgot Stylistics’ song “People make the word go round.”

I propose what the nut in the cabin in the woods proposed. Destroy these computers and job-killing automated systems. This will take people off state and federal doles and pump money back into the economy. FDR didn’t just give out money, he did public works projects. He put people to work. We just give out money and people become complacent. NO. Americans need to regain the culture of earning a living. Also while were smashing computers lets get rid of these reality shows full of wealthy people who are living off inheritances or non-working wealthy. That’s a terrible example. I dont expect government to do it alone that would be too hands-on. We the people have to hold public entities public and private to task. We come back to the fact that, “People make the world go round”.

Come on get happy!

I remember in High School, we were taught that during the depression, there was a lot of movie going. People indulged in as much entertainment as they could to escape their reality. I see the same thing happening now.

We have constant entertainment, via cell phones, laptops, tablets, television(sports,gossip,reality tv,etc), radio, music players, and some books, newspapers, drugs and interacting with animals(humans included). Take that thought wherever it leads and it leads to the fact we are trying to escape reality.

I have seen the same reflected in myself. Aside from the economic recession, there is Dec 12, 2012, mass shootings, terror threats(domestic and foreign), rumors of war….. Always some bad news rearing its ugly head. Between sleeping and working overtime for NO pay, I don’t find the time to listen to the bad news. I just indulge in as much entertainment as I can get.

I Have not looked at the markets in about a month, resulting in less posts on the blog, and I frankly don’t miss loosing money in that abyss. I was though tempted to buy Office Ma stock OMX but the back to school season peak is mid August and I had the epiphany in late August…too late.

Anywhoo, here it goes; YOLO

The Dark Knight

Recently there have been many inappropriate references to the Bat Man movie. This is not exactly that. I’m referring to the Bat Man movie to play on the name of the trading firm Knight Capital. Recently there was a computer $440M “glitch” which caused those automatic trades to go awry. Now I’m no computer genius but to me it looks like sabotage. When Facebook made its IPO there were glitches. Glitches during one of the most anticipated IPOs in history. These programmers didn’t start their jobs yesterday and I don’t think Facebook and Google brain drained all the good programmers either. All these so-called “glitches” were orchestrated. Period. When dealing with money of the magnitude that was involved in these events there is no room for error.

I don’t endorse any political party but I stated when I began writing this blog that it would be in someone’s political interest to sabotage the economy. Look at the market leading up to the 2008 elections. I also stated later on the next rise would occur between post election 2012 and 2013, that was incorrect, I made a “glitch” the next peak would be around end of Fall 2015. I’m currently out of the game, a proverbial backseat driver, but I’m totally fine with not loosing anymore. The current embargo on Iran has not raised the price of oil as expected. Instead hydro-fracking has increased domestic energy output and other “friendly” and newly “friendly” Middle Eastern and African nations have kept prices down. For example earlier this year I owned PEIX, at about $1.19. Today it was valued at approximately $0.33. What embargo? There is no money to be made in the market now. The bottom is still a ways away. If Romney wins, buy everything. If he looses, wait until end of 2013, hold, then sell end of 2015.

Too many “coincidences” have been happening. Beware I say, beware.

Downtime

In my last post, no, the one before that. I stated I’m getting out of playing with stocks. So far I have been able to stay clean for the past month. Trading is akin to gambling addiction.

In other news I saw a blurb of an article online stating that the old convention of having traders on the floor of one of the exchanges will be going away. I am surprised it didn’t go away sooner. The internet and technology has killed another set of jobs and we financed it. Soon enough with the development of what will be the next best thing to artificial intelligence we will all be out of a job. I stopped using automatic checkouts 2 years ago. If you replace low skill, low wage jobs with machines, what will the HS drop-outs have to do except lean on the system. Is that what we want? To replace people with machines, put them on public assistance and leave the burden of generating the money to a few? Smart people are stupid.

Reading an FT article today it appears the economy is not growing as much as it should be. People are not consuming as much as expected. Its in my opinion that the country is collectively emotionally depressed. In my opinion somewhat depressed people go out and buy food, drink, drugs or electronics to feel better. The severely depressed don’t leave their homes, they don’t go on dates, wash their cars, have dinner out, buy electronic gadgets,condoms, penicillin…. they don’t spend(if they have an income). The doom of the economic crisis, war, revolution, job security, government spying, erosion of civil liberties, celebrity deaths, everyday life and just plain bad news has sucked the mojo out of the people. We need some goos news, we need to get the peoples mojo going. YEAH BABY!! Unless this happens were going to see more angry depressed losers doing acts of violence to themselves and others. Get the low wage jobs back. Smash some of these computers. Give ore positive economic forecasts, and if you have nothing good to say shut up. Stop grabbing nuts at the airport so people can take trips and come here for vacation. Lets have some fun music like BeachBoys or bring back Disco. Get rid of sucky movies like Twilight, more movies like Airplane and Spaceballs. Cut out online dating and bring the hermits out of their houses and back into the economy. No more hermits, no more hermits, no more hermits……..

Doomsberg

If you didn’t know, my favorite website, second to facebook is Bloomberg. It’s akin to a reality show such as Jersey Shore, Housewives or Love and Hip Hop. There is a similar supply of orchestrated drama.

At 9am you may read there is a boom in homebuilding(housing starts) by 12pm there has been a fall in home sales. Or you may hear that the number of unemployment requests are down and later on there have been jobs growth on 7%. It’s as if the right hand doesn’t know what the left is doing.

I find it all entertaining until the the doom and gloom causes speculators to sell out stocks I own from under me.

I’m Cashing out

There is a annoying song. The singer keeps repeating the phrase “I’m cashing out”

I am somewhat following in his footsteps. After loosing 20% of my value investing in oil “I’m cashing out” The whole market seems to be going down the drain. I though that we were at the bottom but that was just a plateau. I wanted to ride out the storm but I am seeking a faster turnover than is needed to recover. To recover I would have to wait until the next election.

Barclay’s LIBOR scandal is still manifesting itself. The mainstream media has not yet taken to it, but when they do that’s when there will be shock to the market…..I’m on the phone typing so I’m not coherent…..Anyways, I am saying that to say this, GET OUT!!

The house wins when good men fail to act

It’s an understatement but I am timid to enter the market considering the last few months have been a race to the bottom.
Recent events an knowledge prompt me to sink myself deeper in. TECUA is Tecumseh who makes air conditioner compressors. This week there is a heat wave expected and speculators appear to have known this since last week Friday June 15th. I neglected to mention that I have lost about 15% of my holdings of TECUA in the previous 3 weeks, but a heat wave suggests to me I will recover. If it lasts I may more than break even. I am definitely a gambling addict.
In other news a conservative government has been elected in Greece today. Greece should get its own reality show. Anyways NBG the National Bank of Greece had about a 90% jump between 6/14/2012 and 6/15/2012 in anticipation of election outcomes. On 6/13 it was about $1.19 at end of day 6/15 it was $1.89. I wanted to get out of my chair and kick myself, but thats how the cookie crumbles. It’s like you have a rare encounter with a lady where you meet as strangers have a great exciting conversation and then leave without getting her phone number. While were talking, I actually got that amazing woman’s number but I still blew it, now shes married with kids and I’m still kicking myself. Now I’m confuse…..oh yes! NBG and TECUH should be scooped up on Monday, if anything is left. Dump NBG on Wednesday and TECUH you can follow the following chart to determine the peak:http://www.hpc.ncep.noaa.gov/heat_index_MAX.shtml.

Somebody is going to make a load of money, but you have to be in it to win it. Get in the game. Alas, it is better to have loved and lost that have lost money.