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In yet another move that could be seen coming from a mile away by even the most casual observer, a recently released statement from the Department of Defense is announcing that U.S. agencies are now “aiding” Afghanistan to locate and pinpoint the nation’s mineral wealth. This “treasure mapping” of Afghanistan is being conducted in anticipation of the opening of the bidding process for private companies who are no doubt salivating as they wait [...] From Sovereign Man: One of the things that sets Thailand apart from nearly every other place on the planet is how absurdly cheap things are given the high quality of service. This becomes crystal clear to even the most casual observer who wanders in to one of the country’s thousands of massage studios, where, for a whopping $5, a local will put his/her heart and soul into rubbing your feet for an [...] Just as the markets took an unexpected tumble today, despite the debt deal, another unfortunate announcement for the economy. Layoffs in previously strong sectors like pharmaceutical and retail passed the number of government jobs cut. From Reuters, today: The number of planned layoffs at U.S. firms rose to a 16-month high in July as sectors which had been seeing fairly few layoffs unexpectedly bled jobs, a report [...] It’s the Greatest Financial Scandal of Our Time, and the U.S. Government’s Triple-A Rating Is the Most Scandalous of All:
Nearly a year ago, I publicly challenged S&P, Moody’s and Fitch to downgrade the long-term debt of the United States government — to help protect investors and prod Washington to fix its finances. (Go to this page for the challenge, and here for the press release.) In a moment, I’ll [...] Thanks to a fluke of orbital mechanics that brings the moon closer to Earth than that it has been in more than 18 years, the biggest full moon of 2011 will occur on Saturday, leading some observers to dub it a “supermoon.” On Saturday afternoon at 3 p.m. Eastern Daylight Time, the moon will arrive at its closest point to the Earth in 2011: a distance of [...] by fishhook What’s really happening in the market……..? Yesterday morning, we revisited the southern boundary of the most recent corral at 1258.00 in ES (s&p futures contract). The rails held!! (Don’t ask why, that’s not allowed.) And in typical fashion, when one boundary fence holds, the herd does what exactly? You guessed it…………they turn around and head for the northern boundary fence. As we speak the heard has now proceeded [...] |
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