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The billionaire has advised ‘so-so’ students to avoid expensive college fees and learn a practical skill like plumbing New Yorkers are used to Mayor Bloomberg trying to nanny them with laws about soda sizes and smoking, but now the billionaire has taken to dishing out career advice. Speaking on his weekly radio show on Friday, Bloomberg suggested that [...] From Zero Hedge: While Paul Singer, Kyle Bass, and Stan Druckenmiller got the headlines, there were in total 14 worthwhile speakers at yesterday’s Ira Sohn Conference. Though many of the themes were unsurprising, it is nonetheless useful to compare your own views to those of these professional money managers who are now bludgeoned daily by the ‘idiot-maker’ rally… of course, that is, until they are proved 100% correct. Jones Trading Recap of Ira [...] Gold & Fiat Currency Over the last few months I’ve tried to nail-down an underlying reality, a meaning, the ‘nature’, of both physical Gold and Fiat Currencies. Neither are obvious to the average person, and there are many, many versions as to what they both are, depending upon which camp you are in (Trader, Economist, Politician, PM Bug, Investor, Mum & Dad, Business Owner, Banker, Wanker, Central Planner etc-etc). My reasoning for [...] If there is any market that demonstrates the complete and total misallocation of capital that results from Banana Ben Bernanke’s money printing and artificially low interest rate policy, it the latest phony American housing bubble. With a record numbers of citizens on the food stamp electronic breadline, with unemployment stubbornly high no matter what data you use, billionaire financial oligarchs are running around bidding up “homes for rent” and pricing out the [...] Mike Mayo, CLSA’s bank analyst, told Bloomberg TV’s Stephanie Ruhle and Erik Schatzker on “Market Makers” today that “We are about to see a rebirth of shareholder rights…I will be going to the annual meetings for the first time ever.”
Mayo also said, “Come back as a corporate director, you get fired one out of three thousand times, you get paid a lot of money. A lot of times it is [...] Peter Schiff: The Economy Is Actually Getting “Sicker” Because of FED Policy Peter Schiff: Wall Street’s rising back thanks to the taxpayers TALEB: ‘If I Were President, I’d Fire Bernanke!’ If inflation is zero, why does my paycheck feel like it’s shrinking? …. So how can inflation be at zero percent when so many of us feel like our paychecks don’t go as far as they used to? Mark Thoma is a professor of economics at [...] 72point Millions of office workers work such long hours they eat THREE meals a day at their desks, it has been revealed. Researchers found the mad dash to get to work in the morning means millions of us grab something from the fridge and take it to work to eat on arrival. While lunchtime sees many pop out to buy lunch before hurrying back to work to stay on top of the [...] Ethan A. Huff If you went up to the average person on the street today and tried to explain that most Americans drink, bathe in, and wash their dishes and clothes in an industrial waste product that is linked to causing endocrine disruption and cancer, you might be labeled a loon. But this is exactly what millions of city-dwellers do every day without realizing it, thanks to an outdated [...] Why are most people fine with this? wtf? And with the average salary to time spent working isn’t even close to being worth the returns. Let’s just see how many hours of the day an average person gives up, not just the work hours but the hours leading up to and after from the moment of waking up to sleep. work 9-5 mon-fri Electrical current alters speed at which brain neurons fire, relieving pain
Scientists have managed to release the body’s most powerful painkillers by running an electrical current through the brain. The breakthrough has provided hope for sufferers of chronic migraine after it was found to reduce [...] from SD: Inflation as we know it is well embedded in this country with annual increases for the last ten years of 8-10%. The Fed will never reveal the truth, necessarily, as the average person would revolt at that thought. With 48 million people on food stamps, able to buy free food with SNAP and EBT cards, they won’t complain until the buying capacity of these cards is insufficient to buy even the [...] 
from goldsilver: The world’s economy is in peril, and it doesn’t look like Singapore will be spared. The government knows it, saying we have to be prepared for slow growth and periods of recession in the advanced economies in the next three to four years. Ministers telling us to save money for a rainy day, a lowered economic projection, all of this happening recently. And it looks like even the average person on the [...] Infowars.com Investment analyst and entrepreneur Marc Faber succinctly describes what the Federal Reserve bankster cartel’s quantitative easing is all about – mega-asset bubbles contrived by the elite to increase their illicitly gained wealth and drive the average person into serfdom. QE is designed to work like a wrecking ball on the economy. Faber recently told CNBC (quote taken from Faber’s blog):
“QE helps rich people whose asset prices go up and whose [...] 72Point A quarter of workers sleep so badly on a regular basis that it’s impossible to concentrate on their job, a study has found. In fact, research shows the typical adult wakes up twice at least four nights out of seven. The findings emerged in a sleep report conducted by hotel chain Premier Inn, who studied the sleep patterns of 4000 Brits. It found that the average person aims for 7 hours of [...] 1,380 Britons got more than £30,000 last year 360 received more than £40,000 and a further 110 were given over £50,000 Shocked: Tory Priti Patel uncovered the figures and said it is an insult to taxpayers that people get these huge sums by Michael Are you ready for the next major global food crisis? The price of corn hit an all-time record high on Thursday. So did the price of soybeans. The price of corn is up about 50 percent since the middle of last month, and the price of wheat has risen by about 50 percent over the past five weeks. On Thursday, corn for September delivery reached $8.166 per bushel, and [...] Women live longer than men, earn less and take more breaks from the workplace to care for children and elderly parents, which all add up to scary financial penalties. Totaling an extra $849,000 over a lifetime, purely for being born a woman, AOL put these monetary disadvantages in black and white dollar terms. The average total is made up of life expectancy and higher insurance costs, the price of taking time off work, lower wages [...] 72Point The perfect weekday morning means having a bowl of cereal and waking up one hour and five minutes before walking out of the front door for work, it has emerged. Researchers compiled the ideal weekday routines of 2,000 Brits to discover the formula for the perfect stress-free morning; however, many of us don’t leave ourselves enough time in the morning, causing avoidable stress. The average person needs eight minutes to snooze, nine [...] 72Point The perfect weekday morning means having a bowl of cereal and waking up one hour and five minutes before walking out of the front door for work, it has emerged. Researchers compiled the ideal weekday routines of 2,000 Brits to discover the formula for the perfect stress-free morning. However, many of us don’t leave ourselves enough time in the morning, causing avoidable stress. The average person needs eight minutes to snooze, nine [...] he Federal Reserve released its Survey of Consumer Finances last week. It’s a fact filled 80 page report they issue every three years to provide a financial snapshot of American households. As you can see from the chart above, the impact of the worldwide financial collapse has been catastrophic to most of the households in the U.S.
A 39% decline in median net worth over a three year time frame is almost incomprehensible. [...] From Eric Peters Autos: There is a big problem with high-mileage cars – from the point-of-view of the government: Imagine an 80 MPG car – which could be built right now, easily, with existing technology. (Several current European models are already pretty close to the 80 MPG bar.) Such a car could cut the average person’s fuel costs by two-thirds – in effect, putting things back the way they were circa 1986, [...] From Brian Hunt in the S&A Digest: [Earlier this week], our resident supertrader – Jeff Clark – sent out a “watershed” e-mail. In it, he identified what he thinks is one of the ultimate trading opportunities of 2012… maybe the best trading opportunity of 2012. We’re confident people who read Jeff’s e-mail will make a great deal of money this year. I’ll share the contents of this e-mail in a moment. But to fully [...] Let’s see now, in the ’90s it was the tech stock bubble, and lots of people got wiped out when it burst. In the ’00s it was the mortgage loan bubble and lots of people got wiped out when it burst. Now it’s the student loan bubble and lots of people will get wiped out when it bursts. In the 20th centrury stock pump & dumps were how bankers grabbed people’s [...] NEW YORK (CNNMoney) — A quarter of middle-class Americans are now so pessimistic about their savings that they are planning to delay retirement until they are at least 80 years old — two years longer than the average person is even expected to live. It sounds depressing, but for many it’s a necessity. On average, Americans have only saved a mere 7% of the retirement nest egg they were hoping to [...] Back in 1950, corporations paid $3 in taxes for every $1 paid by a worker. Today, they pay 22 cents.In 2009, the United States ranked 26th out of 28 OECD countries in total federal, state, and local taxes as a percent of GDP. Only Chile and Mexico had lower tax rates. According to the Center on Budget and Policy Priorities, “federal taxes on middle-income Americans are near historic lows.” For taxpayers in the top 1%, the tax burden has fallen dramatically in recent years. At very high income levels, beginning at about the million dollar range, [...] Drinks regarded as healthy often contain far more sugar than we realise and can add up to 450 calories a day to our diet, researchers have warned. A survey has shown Britons consistently underestimate the amount of sugar contained in milkshakes, smoothies and some fruit juices. Pomegranate juice contained nearly 18 teaspoons more sugar in a ‘serving’ than people guessed, while a chocolate milkshake had 7.5 teaspoons more than estimated. Servings of [...] THE ECONONMIC LANDSCAPE DOES NOT CHANGE ON A WEEKLY, MONTHLY OR EVEN QUATERLY BASIS. In fact on the ground of the real, even years do not mark real quantifiable change. Since 2008 the true economy has barely budged from the bottom after the bursting of the last bubble. Those that were ruined are mostly still ruined. Those who are still employed, have been through the entire ordeal. Expectations may change wildly, [...] |
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