Investment Madness

 High yield bonds are forecast to default at a 40% higher rate. I'm guessing those that invested in these bonds have been sweating for the last few months, and will continue to sweat for the distant future. Even if the issuer of the bond manages to get out of their financial problem, the possibility of this to happen will not be soon. To make things worse, if bankruptcy raises its ugly head, the final return may be pennies on the dollar of the original investment; and such things as pensions may lead to court decisions that leave absolutely nothing for the investor. Regardless of the outcome, long periods of time pass without an answer, and without money to invest in something more profitable. 

Investing is always a gamble, and with the Covid madness,  investing in municipalities with a bad credit rating is betting on an inside straight. 

A Short Trip

 I took a short trip West to the Balcones Escarpment with my wife over the last few days. It's only about a 5 hour drive, so an early start gets you to the area before noon. I know some are wondering what the Balcones Escarpment is, which is not the usual term. Most call it the edge of the Texas Hill Country, although that really doesn't describe some of the area. 

I started to write about the mountains called hills, the crystal clear Frio River, and the beautiful scenery surrounding the area, but my words can't describe what can be found on the internet in photos. Regardless of the scenery, the trip was one of the peaceful, quality time ventures my wife, and I, take every once in a while. We need it, because it allows us to deflate, wonder about things of the past, be awed by God's creations, and allows long moments of just being together. It's a good thing. 

This Might Happen

 The Democratic Party has gone completely insane. It's probably because they know their continued effort to "diversify" the U.S. led to a big tent of terribly incompetent people, and Communists. Regardless of the reason, Nancy Pelosi might have determined a fate she probably won't like.

Nancy went and had her hair done in direct disregard to the narrative of isolation. When you consider her advanced age, the fear mongering that dictates she's a prime candidate for dangerous Covid symptoms, and the desperation of her party, their solution to the faux-pas may be insuring she gets the virus, and the removal of an embarrassment that makes the party look really bad. It's a win-win for the party, and gives them a little traction in their effort to destroy the Trump Administration.

Time will tell what happens, but it will be interesting. 

Enough is Enough

 It's apparent the Democrats are attempting to force a takeover of the United States. Their message is the same as the Marxists that started the long spell of murders at the turn of the last century. It's time for this to stop, and it's Trumps responsibility to curb the violence with armed forces, charges of sedition for those supporting the Marxists, and the assurance our great Republic will stand. 

This next election will only galvanize the Marxists, unless there is a strong offensive against them at this time. It's time, and enough is enough. 

Pro Pawns

 Professional sports took a huge hit with the Coronavirus. My prediction most professional teams will seek bankruptcy, but won't have that avenue until the season is over. With the player, and staff, support of the Marxist terrorists, the final result will be substantial losses of all revenue, and the creditors will take anything in a bankruptcy, which I see advanced by the tremendous loss of fans. That will be pennies on the dollar, the primadonnas will find they can't afford their champagne life on a beer budget, and  it will happen faster than they can say BLM.