April 6, 2013
It likely comes as no surprise to those who have been following the disturbing trend of mass shooters over the years, but a new Los Angeles Times report has confirmed that Holmes had been taking the prescription psychotropic drugs Zoloft and Clonazepam (Klonopin) — one of which is the same drug that the Columbine shooter Eric Harris was on.
For months now the alternative news media has been predicting that Holmes [...]
from Capital Account:
Municipal bonds, traditionally seen as a safe investment, were the basis of Meredith Whitney’s crisis warnings in 2010. She predicted hundreds of billions of dollars in defaults, telling CBS’s 60 Minutes “there is not a doubt in my mind that you will see a spate of municipal bond defaults… fifty to one hundred sizable defaults. This will amount to hundreds of billions of dollars’ worth of defaults… it will [...]
From an interview with The Energy Report:
Stansberry & Associates Investment Research founder Porter Stansberry envisions a future that is anything but rosy, but savvy investors may find solace and security against the crippling inflation he expects. In this exclusive interview with The Energy Report, the popular publisher talks about opportunities in the beaten-down natural gas industry, where investors with good timing have the opportunity to get natural gas “for free” following massive [...]
Bill Gross of PIMCO spoke to Bloomberg TV’s Trish Regan this afternoon and said that he is doubtful of another round of quantitative easing in June, but “if we see some weak employment reports over the next two months, then QE3 is back on.” He also said that there’s a risk of a double-dip recession “if liquidity disappears.”
Gross went on to say that “euro land is a dysfunctional family…more dysfunctional [...]
Yes, that’s true. We are debt slaves given the current monetary arrangement. My fundamental point is that we have a monetary system that can be used to prime aggregate demand without incurring additional debt. By maintaing the canard that we need to tax to reduce deficits or pay for goods and services only exaccerbates our national situation.
The question is what monetary system works to ensure individual choice in the acquistion [...]
In a move that will surprise exactly nobody, the Senate Budget Committee ranking member Jeff Sessions has signaled that “Republicans would oppose the jobs plan President Obama is expected to announce Thursday, saying it would only put the United States further in debt at a time when the debt is already weighing on the economy.” So while nobody even knows yet just what the full [...]
By Jack Z. Smith
The head of the Texas Public Utility Commission expressed concern Friday that a new federal air quality rule, set to take effect Jan. 1, will cause disruptions in electric service.
If implementation of the Cross-State Air Pollution Rule is not delayed, “I have no doubt in my mind that this rule will result in reliability issues and rolling outages in Texas,” Donna Nelson [...]
“Here are your two options: piece of paper number one—let’s just call it a 10-year Treasury. So I own this piece of paper. I get an income stream obviously over 10 years . . . and one of my interest payments is going to be delayed, I don’t know, six days, eight days, 15 days, but I know I’m going to get it. There’s not [...]
I just finished watching the videos of the blowout plugs going on the secondary containment boundary. After watching them about a hundred times there is no doubt in my mind that it was a result of hydrogen buildup that came out of solution during the emergency venting to control pressure. Hydrogen is used to maintain water chemistry parameters in the primary coolant and when [...]
CNBC Meredith Whitney on Closing Bell
With a prescient warning about bank stocks in 2007 â€” as well as a gift for the perfect sound bite â€” she became a media darling, celebrated in a Fortune cover article and in frequent television appearances as a market seer.
Until now, that is. These days, Ms.Whitney, 41, finds herself pilloried in the news media and by colleagues for predicting a [...]
John P. Hussman, Ph.D.
House on Ice
In the end every bank is a fiscal problem. When you have bad banks, it is in a political environment where it is totally understood that the government is going to bail them out in the end. And that’s why they are so bad, and that’s why they get worse. So cleaning up the banks is an essential counterpart of [...]