by Charles Hugh-Smith
An independent, critical account of the American economy would soon raise questions about the structural causes of inequality.
That some sectors of the economy will be doing better than others is natural. If you’re a landlord or mobile-apps coding genius in San Francisco, the economy is excellent. Those working in the vast North American oil-patch are experiencing a boom economy. Realtors in resurgent markets such as Miami are having their [...]
Romney being aggressive like he was last night is the best thing he can do against Obama..
He took charge of that debate, he took charge of the President!
And there was NOTHING they could do to stop him….
See, Obama CANNOT return fire on that level or he looks like an angry black man..
If Obama goes into angry black man mode he’ll lose the white vote.. White people are normally scared to [...]
It is my understanding that during the first debate between “Barack Obama” and Senator McCain, the Obama campaign was successful in implementing a planned question and answer segment within the debate format. By that I mean to say they cheated. This rumor first came to my attention approximately three days prior to the debate. There were communications, plural not singular, between an operative from the Obama campaign and an associate [...]
By Michael Luciano
Monday is Ron Paul’s 77th birthday. The retiring Texas congressman has had a long career as America’s most ideologically consistent politician. Love him or hate him, he always speaks his mind, and refuses to pander to the crowd. To celebrate his birthday, here are 77 reasons why Ron Paul kicks ass.
1. He favors sound money.
2. He doesn’t care what the legal driving age is.
3. He’s a celebrity.
4. He [...]
WASHINGTON — In the run-up to the war in Iraq, neoconservative hawks in and out of the Bush administration promised that the U.S. invasion would quickly transform that country into a strong ally, a model Arab democracy and a major oil producer that would lower world prices, even while paying for its own reconstruction.
“A new regime in Iraq would serve as a dramatic and inspiring example of freedom for other [...]
Six Months Left…Can They Do It?
I have to hand it to the Central Planners. They are good. Really, really good. Of course, they are battling a crippled opponent considering so much of America consists of lobotomized sheeple, but nevertheless to be able to steal so much from many people with such blatant and simplistic methods and not be widely discovered is an act of devious brilliance. The reason I say [...]
To this day, some remain stubbornly reliant on an obtuse and incomplete interpretation of the “Community Reinvestment Act” as a convenient neon red-herring on which to affix blame. To suggest (over and over again) that any politician, regardless of spot or stripe, would give a fig, lift a finger, bat a lash, or make anything more affordable for anyone other than themselves is mere cacophony.
Some will even put forth the [...]
TBP (another favorite blog of mine) had some of Jim Quinn’s brilliance, that I caught well after I sent that link into the dd for consideration… What I like about JQ is that he, like CM is uber-educated (Wharton) but has common sense. Best of all, he can sling the m-word (and a few others) around. He just flat out tells it like it is.
Jim Quinn at The Burning Platform [...]
The Atlanta branch of the privately owned Federal Reserve Bank has just released the incredibly timely opus on short-term stock trading titled “Playing the Field: Geomagnetic Storms and the Stock Market.” Thankfully, this piece of Federal Reserve brilliance was funded by taxpayers.
“Specifically, people affected by geomagnetic storms may be more inclined to sell stocks on stormy days because they incorrectly attribute their bad mood to negative economic prospects rather than [...]
From The Reformed Broker:
Dear Jamie Dimon,
I hope this note finds you well.
I am writing to profess my utter disbelief at how little you seem to understand the current mood of the nation. In a story at Bloomberg today, you and a handful of fellow banker and billionaire “job creators” were quoted as believing that the horrific sentiment directed toward you from virtually all corners of America had something to do [...]
MINNEAPOLIS (WCCO) — Most people enter college as a teenager with the hope of graduating in four to five years, but in that same time span, one University of Minnesota freshman will be getting his driver’s license.
Eleven-year-old Lucas Kramer is nearly finished with high school, but he spends most of his time on the university campus.
A profoundly gifted young man, Kramer could read three-letter words by age 2 and read [...]
Statement by the Apple board:
We are deeply saddened to announce that Steve Jobs passed away today.
Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve.
His greatest love was for his wife, Laurene, and his family. Our hearts go out to them and to all who were touched by his [...]
Earlier today some blog pulled up some factual data that suggested that Morgan Stanley had $39 billion in total exposure against French banks at the end of 2010, up $30 billion from the year prior, and enough to wipe out its entire market cap and then some should French banks be pulled under. Sure enough, the stock tanked even though as CNBC pointed out [...]
From Brandon Smith of Alt Market
In A Currency Tug Of War The US Dollar Loses
I imagine sometimes in my most optimistic moments that one day I will live in the midst of a true free market economy, where the tides of trade and investment, the ebb and flow of commerce, are a rather beautiful thing. A marketplace without centralized manipulation, were legitimate supply and demand are [...]
And so with a slight delay, one by one the bears come out of hibernation. Today, SocGen’s Albert Edwards is the first to remind us that no matter how high the Fed pushes stocks (as per Bernanke’s now own admissions of the Fed’s “third mandate”), it means exactly nothing for the economy, and the actual cash flow drivers that in a non-bizarro world validate [...]
One day an old German Shepherd starts chasing rabbits and before long, discovers that he’s lost. Wandering about, he notices a panther heading rapidly in his direction with the intention of having lunch.
The old German Shepherd thinks, “Oh, oh! I’m in trouble now!”
Noticing some bones on the ground close by, he immediately settles down to chew on the bones with his back to the [...]
The OCCâ€™s quarterly report shows the notional amount of derivatives held by the top 25 holding companies and the top 25 commercial banks. In many case, there is very little difference between these two categories. For example, in the 2nd quarter of 2010, J.P Morgan Chase & Co. was the top â€œholding companyâ€ with total derivatives in the amount of $75.563 Trillion while J.P. Morgan Chase Bank NA, which [...]
The only positive seems to be a pervasive increase in bearishness. However, the traditional sentiment gauges that affected trading behavior in the past seem to be increasingly taking a back seat to computerized trading. Unfortunately, today with so much capital concentrated in relatively few institutional hands, computer programs specifying industry allocations and weightings dispassionately trade the market regardless of short term instincts.
Information to date suggests that generally good 2nd quarter [...]