Planning 21st Century theft is fairly straightforward. The speed and interconnectivity of a digital society means that the theft itself can be executed by The State and its private sector actors flawlessly and quickly.
The difficulty is in predicting the reaction. TPTB still have a difficult time predicting how the general public will react to certain events. They have improved their predictive capability immensely, but as their understanding is inevitably colored [...]
From Eric Peters Autos:
Well-intended people often do bad things to their cars – without realizing it, or understanding what the possible consequences could be. So, which is worse?
* Under- or over-inflating tires?
Excessive air pressure in your tires will result in a harsher ride – as well as faster (and uneven) tread wear. You’ll be paying more for tires – more often. Handling and braking performance may be negatively affected, too.
MANSFIELD TOWNSHIP, N.J. (CBSNewYork)– The attorney for a New Jersey man dressed in a superhero outfit when he was arrested last Wednesday thinks police overreacted.
William Ware characterized the arrest of Matthew Argintar as “a classic case of overkill.”
Police said Argintar, 23, was wearing a mask, a bulletproof vest, elbow and arm pads, a cape and carrying handcuffs when he was arrested July 31 outside the Home Depot on Route 57.
Why pay up for a stock that most likely will have many people holding it who do not understand how their business model works? It looks like there are folks out there who are buying just because they use the product. That is not enough reason to buy a stock.
If they do not understand why they are holding it then they are much more likely to panic if the price [...]
A secretive JPM Trader in London, alternatively known as ‘the London Whale’ or ‘Voldemort,’ is distorting the credit derivatives markets with massive positions, and a willingness to move them advantageously in the markets. It is a classic case of gambling with other people’s money, in this case the excess capital provided by the Fed and the Treasury.
I am sure they are all legitimate hedging positions as Blythe Masters just asserted [...]
From Miller’s Genuine Draft:
To some on the left, the golden age of America was the 1950s. The post-war boom era saw high tax rates as well as higher rates of unionization. Some have taken this historic evidence to assert that higher tax brackets must result in a more robust economy. Former Labor Secretary Robert Reich and collective bargaining sympathizer frequently opines for a return to the time of housewives and [...]
by Tom McClellan, McClellan Market Report
There is a growing chorus of analyst voices calling for an economic collapse in China. This is based in part on how poorly Chinese stocks have done this year, and it sets up all sorts of worries about what an economic slowdown in China might do to prices of commodities, and to other world financial markets.
I have a different view, and it is based on the comparison [...]
Breaking News: Feds Falsely Censor Popular Blog For Over A Year, Deny All Due Process, Hide All Details…
from the copyright-as-censorship dept
by Mike Masnick
Imagine if the US government, with no notice or warning, raided a small but popular magazine’s offices over a Thanksgiving weekend, seized the company’s printing presses, and told the world that the magazine was a criminal enterprise with a giant banner on their building. Then imagine that it never arrested anyone, [...]
This is why I removed all my assets from the “financial markets” nearly three years ago. Ok, I was a tad early, so sue me.
MF Global’s Customer Assets – STOLEN – And Nothing You Hold In This System Is Safe
This is a scandal of the first order, and a severe test for the Obama Justice Department, the regulatory agencies, and the exchanges. This is a great crime, undeniably premeditated, and [...]
by David Rosenberg
SETTING THE RECORD STRAIGHT â€¦ AGAIN
The equity market certainly did turn in a surprisingly vigorous rally in the past few months but it would be a mistake to relate this to any real fundamental improvement in the economic backdrop. As we will likely see in todayâ€™s FOMC minutes, the Fed is yet again going to take a knife to its growth and inflation [...]
The NC pension system is undoubtedly deemed independent of the stateÃ¢â‚¬â„¢s taxpayers. And so it will remain right up to the day that the system is broke and the state taxpayers will become obligated to cover all the pension obligations incurred by a profligate state government that is owned and operated for the benefit of the state employees not the state taxpayers.
A recent article regarding a local state employee exemplifies [...]