Jack Bogle and Vince Farrell Pumping Up the Scam Market

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Subject:	Jack Bogle and Vince Farrell Pumping Up the Scam Market
Date:	Mon, 19 Sep 2011 15:07:09 -0700
From:	Jas Jain

Jack Bogle and Vince Farrell Pumping Up the Scam Market

Because the 10-Year USTs are yielding below 2% and the S&P 500 is yielding above 2%. Another dope dealer, Russell Napier, was making similar claims 9-12 months ago. To Jack Bogle, the total return on the S&P500 would be 7% annual rate over the next ten years based on the expectation of 5% nominal GDP growth and 2%+ yield amounts to doubling your money in ten years. The 10-Year yield, the best predictor of the future nominal GDP growth, of below 2% is forecasting nominal GDP growth of below 2%. So, Jack Bogle, like every other born-and-bred America dope, thinks that he is smarter than the Treasury bond market. Farrell talked about Scams like JNJ that yield 3.6% and have been growing the dividends and that would surely beat the 10-year UST and he arrives at similar conclusions as Bogle in term of returns and attractiveness of the Scam Market. Both were addressing the Homo boobiens on the boob tube this morning.

Let us look at a coterie of Scam Market bulls who are 70+ years old and are born-and-bred American dopes, e.g., Jack Bogle, Bob Brinker, Lazlo Briyni, Warren Buffet, Vince Farrell, Don Hays, Richard Russell, etc., etc. They all talk about returns in 1950s, or 1960s, or 1980, or 1990s, even 2000s, to convince people why now is a great time to buy Scams. All are certifiable morons when it comes to understanding the economy and the whole subject of forecasting. These morons have not recognized the simple fact—today's economy and the fundamentals have nothing in common with any period since 1950 (in their adult lifetime). Just look at the debt levels, you morons. Look at some of the economic competitors, e.g., CHINA and Germany with far superior economic fundamentals. America's relative position has never been worse since the WW I. America's best days are in the past and are never coming back, at least not in anyone's lifetime.

In America, we are dealing with born-and-bred American dopes in denial. And dope dealers like Bogle, Buffett and Farrell want to make sure of that. Please keep in mind that we are dealing with irremediable dopes led by the most dishonest ruling elite in modern history.
Jas

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