Saturday, March 28, 2015

Why Liberals Never Start Businesses

They're too lazy and they're not intelligence enough to.

And yes, it is that simple:

They're too lazy to work that hard, AND

they just plain don't have the brain power to do so:

Friday, March 27, 2015

I'm Just a Guy With a Blog

The origins of my humble online media empire are neither grandiose, nor secret.  I have told the story many times before.

Back in my 20's, I got sick of being the only conservative/libertarian at Minneapolis house parties.  Sooner or later I would be outted as the "one" non-leftist guy and a bunch of faggoty, pansy, leftist, limpy liberals would attempt to impress the "women" at the party by challenging me.

They would save you m'lady from the evil Republican Libertarian Economist Dragon!

Of course they didn't.  I studied, I worked in the field, but above all else, I had intellectual honesty.  I did not decide what my politics were and then go running to find evidence to support it.  I let evidence create my political (not opinions) reality.  So the debate would end quite quickly, quite devastatingly, but since EVERYBODY in their 20's in Minneapolis were liberal dipshits, I killed the vibe, I killed the party, and no girl was sleeping with me (except for a few token conservative libertarian types).

Regardless, I got sick of this and originally started burning some key charts and data to CD's that would bring with me to parties.  This proved a bit cumbersome, so when Blogger was created, I thought, "Great!  A place for me to put all my key charts so i can QUICKLY vanquish any debates from these fucking liberal morons without killing the party vibe and maybe still stand a chance to get laid."

It worked somewhat, but more importantly it led to a life I never expected and a life that was infinitely better than I could have ever imagined. 

My profession is now merely that of a dealer of truth. 

Most people can't deal in truth because they would get fired for being politically incorrect in today's totalitarian leftist economy.  HOwever, that's precisely why I can make a living at it, because nobody's here to compete against me.  They have:

student loans

and lord knows what other financial, political, and familial liabilities that would come to crush them if they didn't obey and adhere to what their political, academian, media, CSR, and other leftist overlords told them to say.

But I have no kids.
I have no wife.
I have no debts
And worse, I went through enough hell I just plain don't give two shits about life

So whereas, yes, my online media "empire" is a "profession," it's really just me being me, giving the bird to a corrupt society before I die, as I capitalize on the monopoly I have on the truth because everybody else is coward and can't deal in this market.  And whatever threats I receive from leftists, mentally insane people, misogynist virgins, I don't care.  Because doing things "the right way" never paid off.  But doing things the way I saw fit did, and besides, it was the only modicum of sanity I ever had in this world.

So it's good to see this.

Again, I'm not really a team player.  I'm going to do my own thing and let other people be.  But when I see corrupt posers starting to take advantage of subsegments of the internet that are dedicated to reality, truth, and empiricism, it starts to piss me off.  It is nothing more than mere charlatanism, presenting oneself falsely as an expert, winning people over by merely telling them what they want to hear.  And so I feel obligated to point it out.  Not just for my sake and keeping it clear precisely what the domain of reality is, but for the sake of any young and truly intellectually honest men (and women) who seek reality and truth and would merely be thrown off, misled, and taken advantage of by these posers.

For example the VGTOW's (Virgins Going Their Own Way).  Why another acronym?  Because that's what they do!  Instead of genuine achievement, like feminists they further divide, in a similarly useless academian way, their own ranks into groups to make themselves feel productive.  Oh, they'll swear by the night that they are the true chosen ones in the field of "MGTOW," but if you aren't warned about them  you'll think they actually represent this alt-right/red-pill realm of the internet.

Or the mythical "23 Year Old Play Boy Pick Up Artist."  I have absolutely nothing against genuine pick up artists.  They know the ropes, they know it takes failure for success and they have the time under their belts to earn their stripes.  But if I get one more fucking 23 year old frat boy that lifts, asking me if I can send him free traffic it took me 10 years to build because he's "starting a blog about picking up chicks," bullshit.  I'm just worried how many 15 year old kids will happen on his site and think he knows what he's talking about.

And let's not forget the thousands of faceless "experts" of various subjects on the internet that hide behind avatars, but have incomprehensibly managed to navigate the internet so well they have thousands, if not hundreds of thousands of followers. 

Never met them.
Never knew them.
Never seen them successfully ply their craft or wisdom that you swallow whole.

But hey, they say pretty things that make me feel better or prevent me from realizing just what a loser I am and how I'm completely responsible for my own pathetic situation.

Now you may hate my guts.  And you may find me rude, crass, insulting, and disagreeable from time to time.  But if there is one thing that can be said about this blog, myself, and my little online media empire here, is that I am 100% legitimate.


Fucked up a couple times?

But honest.

And the reason I bring this up is not just to toot my own horn, but to protect and advocate others, specifically those who constitute the red pill part of the internet.  This segment of the internet is growing, and in doing so it is going to attract its share of those who wish to take advantage of it.  Con artists, shady businessmen, posers, pscyhopaths, you name it.  Every inferior form of human scum will invade a healthy and growing segment of society because it is in their parasitic nature (just look at the SJW's and Gamergate).  And what every reader and consumer of red pill knowledge needs to know is precisely who is being honest and who is out to get your money.

I am both.

I desperately want your money, but am honest in confessing so.

There's Davis Aurini, ROK, Small Dead Animals, The Rational Male, Terrence Popp, and the list can go on.

But in the next five years or so you can expect charlatans and scum to infiltrate this segment of the internet.  Some are motivated by politics.  Some are motivated by (ill-gotten) money.  Some are motivated by psychotic behavior/egoism.  But whatever their motivations are, you need to know which writers/bloggers/podcasters/etc. you trust and who is on your side.  And the best way to do that is to read them, listen to them, watch them, and ask the simple question:

"Do they tell me what I WANT to hear or what I NEED to hear?"

And that could mean the difference between a happy and fulfilled life or one of poverty, misery, and suffering.

Stay frosty, boys.  Stay the freak frosty.

Daddy Government and Corporate Boyfriend

What Daddy Government can’t offer you is wisdom.

Daddy Government will subsidize your babies, but he won’t tell you which men to avoid.  He’ll lock up anybody you accuse of raping you, but he won’t tell you how to avoid rape in the first place.  He’ll help you get that scholarship, but he won’t warn you about the trade-offs required for a full-time career.  He’ll indulge his baby-girl… but he won’t help her grow into an adult woman.

Thursday, March 26, 2015

Tuesday, March 24, 2015

The Underrated Gift of Sanity

Permit me these examples three.

First, the closing of the all-women's college, Sweet Briar.  Sweet Briar last month announced that it would be closing this year.  This was greeted with screams and vitriol, claims dreams have been destroyed, and repleted with threats of lawsuits and protests from current day students, as well as alumni and professorial staff.

Never mind the mathematical reality that the liberal arts bubble is bursting.
Never mind they have 1 employee per 5 students.
And never mind this college runs horse stables, indicating insane financial mismanagement and mathematical ineptitude.

Reality doesn't matter to those affected by Sweet Briar's closing.  All that matters is what they were told, believed, and wanted.  And thus these two irreconcilable forces result in grief, anger, confusion, frustration, and stress.

Second, "girls hate jocks."

Or at least that's what my mother told me when I was a youngin'.  Couple that with the 90's decade long propaganda that women wanted kind, caring, sensitive men, and a generation of boys-now-men expended considerable energies during their teens and 20's pursuing women using strategies that were (in part) based on these flawed premises.

The results were entirely predictable - failure.  And not just failure, but failure with the same commensurate grief, anger, confusion, frustration, and stress that is currently plaguing the clueless people of Sweet Briar.

And finally, third, "age is just a number."

This is a precious quote from a British woman named Patricia who, despite being 64, thought her marriage to a 26 year old Tunisian man was going to last.

And why wouldn't she?

She was told by feminists, media, professors, and leftist politicians, that 50 is the new 20.  Age and beauty are merely social constructs.  And men who chase after women for looks are not just shallow, but flawed.

The only problem is reality did not care what politicians, feminists, media types, and professors told her.  2 million years of human evolution prompted the young Tunisian man to leave her, resulting in, once again, grief, anger, confusion, frustration, and stress.

We could go on, but the above three anecdotes point towards a crisis the United States and Western Civilization are slowly, but unavoidably wandering into.  A crisis of a deluded population crashing into the impenetrable wall of reality.

How our civilization became so deluded is somewhat complicated, but in hindsight explainable and understandable.  With unrivaled economic success due to free markets, freedom, and capitalism, Western Civilization advanced so quickly that the majority of the economic and biological problems that plagued humanity for the past 2 million years were resolved.  Hunger was eradicated.  Poverty was eradicated.  Even certain diseases were completely eradicated that entirely new ones were discovered because humans rarely lived as long in the past.  This resulted in a spoiled population that never really endured the hardships of true life, and worse, gave people with a lot of time on their hands, even more.

Idle minds are the devil's workshop, and go to work he did, for instead of being thankful for a life of ease and ample free time, people's egos got in the way and demanded more.  Now people were no longer satisfied with a good home cooked meal, they sought out the "injustice" of who precisely cooked that meal.  No longer were people satisfied that a rich guy invented a device that allowed them to communicate with people around the world for nearly free.  They were obsessed about him having more money, even obsessed about the color of his skin and the fact he was a man.  And no longer were people satisfied.  And no longer were people thankful for companies that created life saving devices and drugs, but insisted they were oppressed by these engines of innovation for they dared to charge for their services and dared to move to greener pastures.  In short, Western Civilization slid into becoming a spoiled brat, narcissistic, envious society where all that mattered was feeding their ego without the required work and accomplishment that would warrant it.

This insatiable desire to feed the ego without the commensurate work resulted in a group of opportunists who were only more than happy to feed society's ego at seemingly no cost.  To do this they created, out of whole cloth, false narratives and religions that the naive masses would swallow whole:

Class warfare
"Evil corporations"
"You can't put a price on education"
"You go girl!"
"You can have it all!"
"Lean in!"
"Empowerment/Raising Awareness/
White/Male Privilege
Single moms are heroic
"50 is the new 20!"

and other outright lies

Worse, these charlatans put themselves in key points and positions within society effectively allowing them to brainwash and profit off of the rest of society:

Non-profits, and

And so even with the benefit of stable and sane parents, even with the benefit of grounded peers, everybody, and I mean EVERYBODY within Western Civilization succumbed, one way or another, to at least ONE bit of erroneous and false propaganda.  One bit of false, erroneous propaganda that cost them precious years of their lives.

Millions of students, brainwashed by public school teachers, wasted trillions on stupid, worthless, and completely unemployable degrees.

Millions of children were raised in divorced or single parent homes because feminists convinced women that was just as good an environment as a nuclear family.

Three generations of blacks were brainwashed to believe their last place socioeconomic position was the fault of white males, delivering a tragic mentality of defeatism that led to a self-fulfilling prophecy (but at least ensured democrat politicians had life long careers).

And three generations of women were led to believe their careers and government checks were more important than the human beings in their lives, only to find out too late upon their death beds that they had wasted their one shot at life (but again, at least some democrat politicians got their vote).

We can go on, but you get the point.  Everybody in Western Civilization in one capacity or another, was brainwashed to believe in a lie that just wasn't true.  And even though they may have believed the lie, it didn't change the fact reality doesn't care.  And this conflict between what they were told, what they believed and what reality ultimately delivered has caused nearly everyone untold grief, suffering, confusion, frustration, and anger.

But enter two coincidentally timed events:

1.  The development of the internet
2.  The Great Recession

The internet is amazing unto itself.  However, it has a unique trait that has the potential to undermine the charlatans and con artists posing as politicians, professors, teachers, feminists, etc.  It not only allows anybody to write anything they want, but it allows everybody in the world to view it.  In other words, the internet side steps the establishment guardians and censors of the MSM media.  This allows ordinary people to expose the corrupt people of our society and hopefully "wake up the masses"as to just how brainwashed they are, and to just what a tragedy is being perpetrated against them.

However, people in power do not give it up lightly.  And to protect themselves against the internet they have made it socially, professionally, politically, and economically for anybody to speak directly and bluntly about the truth.  And this "political correctness" is no joke.  With Mozilla, DongleGate, and doxxing, people (primarily on the left) only need to take public statements of a person, found on the internet, tell his/her employer about it and ruin their careers and financial livelihood forever.  Thus, even with a powerful tool like the internet at their disposal, most people obey like the sheep they are and dare not speak what they truly think in fear of losing their jobs.

Well...that was until The Great Recession anyway.

For while many people have a career or a family to worry about, The Great Recession made it so millions would never have a career and family to begin with.  So devastating and drawn out was this recession nearly 1.5 generations never succeeded much past college, and when you combine its severity with the fact the solution to the recession was to bail out those that caused it, any faith in "authority" or hope in a meritocracy had vanished.  And now an estimated 100 million people not only have nothing to lose, but a hatred for those who ruined their lives.

And they've taken to the internet.

The red pill, the Manosphere, the alt right, you name it, millions of people with millions of blogs, YouTube channels and podcasts have formed as the only, but growing beacon of sanity, empiricism and reality.  Everyday they highlight and point out the insanity they see, but the rest of the world doesn't as they're too absorbed in themselves and protective of their egos to do so.  And these internet rogues also point out the perpetrators who are responsible for it, profiling and shining a light on the endless list of politicians, feminists, professors, deans, activists, and others who are scrambling to save themselves.

However, in being the only bastion of truth, reality and sanity, this part of the internet faces a Herculean challenge.  Decades worth and trillions of dollars in brainwashing and lies have been propagated and incorporated into the minds of millions of people.  So successfully so, that even if you're trying to point out the truth to them, their egos have been so pampered and protected, their response is not only disbelief, but one of rage, anger, hatred, even assault (imagine telling a liberal arts major their degree is worthless, or telling a wimpy, but reliable chemical engineer male most women will pass him up for a drug dealing thug with muscles).  But this daunting challenge aside, it still doesn't change the fact that these people have to face a choice no matter how thorough and complete their brainwashing:

Continue to live in your deluded dream world, continue to chase and pursue after dreams that will never be,


accept the cold harsh reality that reality is.

To a sane person the choice is obvious, because there is no choice.  Reality is reality.  By definition choosing not to accept it is delusional and proof of a mental problem.  But if you've been brought up your entire life under lies and propaganda, and you value your ego more than the rest of society and the real world, and above all else, you're an intellectual weakling, you will likely continue to live the lie.

But as tempting as it is to stay in the warm, but false, comforts of pretty lies, there is one benefit to "taking the red pill" (as it were) and it's more valuable than all the promises of the charlatans and con-artists.


Understand no matter what the politicians, feminists, journalists and professors tell you, it's not true.  Their promises and your dreams that were based in them are never going to come to fruition.  So no matter how comforting and ego-protecting it is today, if you believe them and make life decisions based on them, you will ruin your life.  And not just by failing to achieve dreams that were never achievable in the first place, but the sheer torment you'll endure that is caused by the anger, confusion, frustration, stress and grief of living a lie (again, imagine the daily torment people with "Masters in English" are suffering in the labor market or women who believe they could "have it all" are suffering in the dating/marriage market)

But if you give up your deluded dreams and accept to live in reality, you get the gift of sanity.  The KNOWING why things happened the way they did in the past, the knowledge of how things are likely to work in the future, and never being confused, frustrated, or angry again.  Imagine if you were told what women REALLY liked when you were 13.  Imagine if you were told how corporate America really worked.  Imagine if you were told about the economic realities of choosing the right major.

To have that you only need to give up your dreams.

Which is a good thing because those dreams were worthless because they were never going to happen anyway.

"I Thought Age Was Just a Number"

Uncie Bern reviews three articles about western women who married their third country lovers.  The hilarity that ensues is the entertainment you are entitled to for enduring 40 years of feminist drivel.

Monday, March 23, 2015

Katherine Byron Meet The Patron Saint Name of Frick

The safe space, Ms. Byron explained, was intended to give people who might find comments “troubling” or “triggering,” a place to recuperate. The room was equipped with cookies, coloring books, bubbles, Play-Doh, calming music, pillows, blankets and a video of frolicking puppies, as well as students and staff members trained to deal with trauma. 

I'll say it again.

I will NEVER hire a liberal arts major from any college unless they admit they were idiots and are repentant for being so.

All Those Smart College Students and Professors

and yet none of them can do The Maths!

(Also note, they have horsies!!!!  Yeaaaaaa!  Pretty horsies!!!!)

Uncie Bern Bern Reviews The Black Man's Guide Out of Poverty

Bern was kind enough to review my book and highlighted some excerpts that were particularly powerful.  It's written review, but included are two videos.

Sunday, March 22, 2015

Episode #86 The Clarey Podcast

Cappy's Black Hills Dream House
White men can't jump, and black men can't shoot AR 15's
A woman gets stood up and cries
How men became calloused to inacceptable behavior
Women are more to blame than men
The universe forces comeuppance and balance
Guilty CSR white people at Starbucks sanctimoniously kissing the asses of black people
"Lean In" mom has $1.7 billion career, still chooses it over children
Leftist Gen X Invades America
The "Leauge of Extra Ordinary People that No One Fucks With"


In THIS EPISODE of The Clarey Podcast!

Friday, March 20, 2015

Friday Night Linkage

How are any of these kids going to function and work in the real world?

4th graders should not be submitting bills to anything, let alone a state legislature.

Structuralism is dying.

I'll say it again, the Democrats do not believe in private property.

Narrative Uber Alles, Leftism Uber the Children

I had read an article somewhere where a lesbian mother was confessing she desperately wanted her daughter to become a lesbian.  I had tried to find the original article (and if you know of it, please link below), but instead found this more disturbing one from 2011 where the lesbian parents are treating their son with hormone blocking drugs to "give him more time to determine if he wants to be straight or not."

Then there's this article that cites a study that claims to have debunked the "Single Mom Myth."  It shows that a mother's education overcomes whatever her marital status she may have when it comes to the efficacy of raising her children.  Never mind the sample size they chose was highly dubious.  And never mind it was done by an all-woman's college.  And never mind the sociologists have a blatant conflict of interest in promoting education to women at the expense of their families.  The ends justified the shoddy methodological means.

Now the point I'm going to make is not that this study is proof that academic studies can no longer be trusted, or that lesbians somehow make bad parents.  The point is the common variable that connects these two articles together:

Narrative Uber Children.

No matter what the left claims about wanting to help the children (or whatever pet cause they cite), it's instances like the two mentioned above that they belie their true colors.  And when you get a glimpse into the true hearts of these leftists you can understand just how evil and vile they are.  For they are so wedded to their political ideology that they are not only willing to:

Parasite off of society's producers
Lie to society
Legally steal from others
Bankrupt the nation, but

they will do so at the expense of children, even their own.

This isn't to say that all lesbian mothers put their politics and sexuality above their children.  This isn't to say that all sociology doctorates seek to fabricate a "study" that will undermine the upbringing of millions of children.  But if you look at the actions of the left, particularly when it comes to forcing them to choose between their ideology, their politics and the leftist narrative or their children, a scary percentage of them will throw their children under the bus.

The reason is simple - ego.  They simply value themselves and their ideology more than their children.  They are no different than their "right leaning" counterpart families where they have children, only to outsource them to daycare, and are twin siblings of the occasional vegan parents stories where their child dies because the parents valued their faux-vegan-religion more than their children.  They are simply vile and evil.

The question is what to do about it?

There's not much that can be done (bar legally in the case of child abuse and neglect), however their arrogance does expose one of their flanks.  Society has moved so far to the left and political correctness instilled so many lies, they don't realize their abhorrent behavior is on display for all to see.  Worse, they're not even aware their behavior is abhorrent.  They think it's noble.  It's just.  It's admirable.  Because it's advocating the leftist narrative, and the narrative is uber alles.   So when they proudly display their leftist credentials, while at the same time throwing a generation of children, even their own, under the bus, all one needs to do is highlight it, point it out, and make it very clear just how sick and wrong these people are.

And yes, they will scramble, cowardly hiding behind their victim trait of being "lesbian" or "female" or whatever.  And you will be accused of being a racist or a bigot or a homophobe for daring to criticize their priorities and religion.  But in the end you are merely and genuinely standing up for the children.  Something leftists seem to have a hard time doing.

Wednesday, March 18, 2015

Deb Hollingstad - Woman With Horse, Will Spend Money

I'm not going to editorialize, but instead we're going to play a game.  A game called


There's at least 7 in there.

Here's the original story.

Here is Ms. Hollingstad's background.


The Liberal Arts Have Lost All Validity

I'll say it again for the cheap seats:

The liberal arts are no longer a valid or legitimate study in college.  They are nothing more than hobbies in activism and socialism, serving only as functional tools of brainwashing and employment of worthless, talentless leftists in this and other western countries.

I will NEVER hire a liberal arts major (unless they have seen the light)
And I will NEVER trust a liberal arts professor with anything.

Lui Marco and Glendon Cameron

Two new additions to the "shows/podcast" roll.

Lui Marco who was brought to my attention by a reader.  He asked if I had a more muscular, French Canadian twin brother separated at birth.  I didn't think so until I listened to a couple of Lui's videos and started laughing.  He hates being a corporate slave, loves his freedom, sleeps till 2PM, and yells at the internet.  He's just, you know, infinitely more ripped than me.

Glendon Cameron who I actually owe my "YouTube" career to.  He not only helped me with The Black Man's Guide Out of Poverty, but was the one who said I should forget that "blogger stuff" and do YouTube instead.  Had no clue I could actually make money on it.  Regardless, visit young Glendon if you have the time.

Asshole Consulting One Year Annivesary!

Happy day all!

Today is Asshole Consulting's one year anniversary!!!

And unlike most American businesses, it was profitable in the very first year!!!

To celebrate I'm having a VERY SPECIAL and VERY ASSHOLELY 0% OFF SALE for all Asshole Consulting requests today!  So spread the joyous mirth and happiness of the world's only company that specializes in truth at all costs (and charges for it)!  Tell family, friends, and morons who desperately need the services of Asshole Consulting!

QOTD - "The Fed Helps Poor People"

From my Veteran Chicago Agent in the Field:

I was walking by the Fed the other day, and there was a Father & Mother taking a picture of their probably 6-7 yr old son by the "Federal Reserve Bank of Chicago" sign.  

The mother said, "Now when you grow up you can look at this picture and work for the Fed to help poor people."
I just chuckled, shook my head, and walked past.

Tuesday, March 17, 2015

Help a Fellow Manospherian Who Has Cancer

Kid Strange Love of fame has unfortunately been diagnosed with cancer at the age of 30.  Hodgkin s Lymphoma, but it is one of the more curable forms of cancer.

Regardless, it just plan sucks to get cancer and I thought what would be better than if Kid Strangelove were to wake up to a ton of new traffic to his site as well as a couple thousand new followers on his twitter account.

Anyway, his site is here and his twitter handle is @kidstrangelove

Take a couple seconds to make his day and boost his immune system to fight off cancer.

Cappy's "Retirement Planning in 10 Minutes"

You don't need a Masters in Finance to plan for retirement.  You just need this 10 minute video the ole Captain put together with sweat, tears, toil, care, and love.

Also, yes, I am aware the whole video is MORE than 10 minutes, but the actual lecture is under 10.

Regardless, please feel free to forward this if you find it helpful. I'll be using YouTube to create higher quality videos this year as a platform to launch the next book.

According to DudeBroWallStreetFratBoys the Stock Market is Never Overvalued

A new generation is upon us and I know this not only because of common sense and basic demographic information, but because there's been a recent spat of college age/20 somethings who have critiqued my earlier work about the stock market being overvalued.  Naturally, my criticisms go back to even before the financial crisis, but this was when most of these finance-majoring DudeBros were all of 10 years old.  And now, equipped the little, microscopic, and misleading information that comes with a degree in finance today, these know it all FinanceMajoringDudeBros are going to set the ole Captain straight about how his predictions have not come true, and that they are going to somehow be smarter and better than their baby boomer and Gen X bailed-out bankster counterparts.

Ahhhhh youth.

So let's beat this dead horse one more time.

There are two measures we use to gauge whether a stock is worth the price.  Price to Earnings (or the "PE" ratio) and the Dividend Yield.

The PE ratio is simply that - the price per share divided by the earnings per share.  It shows you what you are paying in stock price per dollar in earnings.  The higher it is the more overvalued a stock is and vice versa.

The dividend yield is the same concept, except we flip the numerator and denominator AND replace earnings with dividends (because you technically only receive dividends, not the total earnings per share of the company).  Instead of a ratio (like the PE) you get a "yield" or "percent rate of return" on your investment.

And so when we look at both you can PLAINLY see that the market is severely overvalued.

The historical average PE for the S&P 500 has been 15.  It is now trading at 27.  If you are a DudeBroFratBoyGoldmanSachsFutureBailoutRecipient, ask yourself a simple question.  Is it worth paying nearly $800 for the PS4?  Is it worth paying $7/gallon in gas?  And is it worth paying $50,000 for a new AVERAGE sedan?  Because paying a PE of 27 for a share of stock is no different.

The dividend yield is even worse.  The historical average for the dividend yield has been 5%.  You could expect to receive a 5% annual rate of return in the form of dividends.  Today it is 1.8%, a 277% overvaluation.

Now your PS4 costs $1,108.
A new average sedan $69,000.
And a Big Mac $12.50.

Of course, before we pick on future DudeBroFratBoysofAmerica we have to look at ourselves in the mirror.  For while the DudeBroFinanceMajorsofEternalDudeBroness merely parrot what they're told by their charlatans posing as business professors, at least they're not investing in the stock market because they're poor college kids.

The same cannot be said, however, for the millions of obedient, conformist, non-thinking Americans who year after year throw trillions of dollars into their precious 401k and IRA retirement programs.  For they are the financially-illiterate zombies that do not take their advice from the likes of Shiller or Schiff, but the 24 year old HR generalist who "strongly recommends" investing in the company's 401k plan *tee hee!*  And in doing so inflate the stock market beyond all sane and reasonable measures of valuation, not to mention price out younger generations (if they are smart enough to read articles such as these).

The point is that there are three major things driving stock prices higher than their fundamental warrant.

1.  Quantitative Easing

With the Fed printing off money so it can buy treasuries, mortgages, and other unwanted securities off of the banks' hands, the recipient banks of these monies invariably invest said monies in the stock market driving up prices.

2.  Fed-Induced Low Interest Rates

With interest rates very low, it becomes profitable for corporations (ie-shareholders and executives) to borrow at these low rates and repurchase the company's shares.  This drives the value of their shares up more than the interest expense the company would have to pay on its debts.  Of course, this leveraged buyout ignores whether it's worth paying a PE of 27 for its own shares, further fueling the bubble, AND it ignores what would happen if the economy were to tank while they have so much debt on their books, but hey!  We drove the stock price (and thus our stock options) up another 200%, and that's all that matters!


3.  Retirement Plans

This is the deadest piece of the horse I've beating since 2004.  Why, oh why, did the government just magically decide it was "the stock market" that would serve as the primary vehicle for 300 million Americans' retirements?

Why not property?
Why not private businesses?

Matter of fact, what business was it of the government's to provide tax incentives for people to invest for retirement anyway?

Pfa!  Who cares, it was "well intended" and that's all that matters.  Distortion of the stock market be damned.

In the end, the same mentality that occurred in 1998 for the DotComs, in 2006 for the housing market, an in 2009-present for the education bubble is reappearing again today in the stock market.

"The market keeps going up!"
"You can't afford NOT to be in this market!"
"You need to save for retirement!"
"What do you mean 'earnings'?"
"What do you mean 'dividends'?"

and my all time favorite

"This time it's different."

And while yes, this time it is different (as the Fed has now made the stock market a place that is a viable long term hedge against inflation, NOT a place to invest in an actual company), let us be clear. It's precisely the exact same shit that happened before.  And the reason it keeps happening so frequently is because the exact same people it happened to before are too damn ignorant and uneducated about economics, not to mention stupid, to learn from their past experiences. 

It drives nearly every real economist in the world to pour a glass of scotch and enjoy the decline.