It’s one thing for a Democratic presidential candidate to dominate a Democratic city like Philadelphia, but check out this head-spinning figure: In 59 voting divisions in the city, Mitt Romney received not one vote. Zero. Zilch.
These are the kind of numbers that send Republicans into paroxysms of voter-fraud angst, but such results may not be so startling after all.
“We have always had these dense urban corridors that are extremely Democratic,” [...]
De-euroisation is (still) de problem
Or, imagine foreign holdings of eurozone sovereign debt turning back the clock some 15 years… to before there was a eurozone.
A few charts from Rabobank on Friday (click to enlarge):
The first pair of charts make the point that this is via foreign holders selling into the LTRO-related buying by sovereigns’ domestic banks. The orangey charts here need some annotation…
In the Italy one, Rabo’s fixed income analysts Richard McGuire and [...]
In a few parts of the country (at least mine), reason still prevails when it comes to building codes and permits. Let us be charitable for a moment: building codes can and often do serve a legitimate purpose. Permits, on the other hand, might be viewed with a bit more suspicion; perhaps they tend to be more of a revenue raising measure.
That said, when my wife and I bought our [...]
The Bush tax cuts are tripping up the supercommittee
Posted by Ezra Klein at 11:40 AM ET, 11/17/2011
(Center on Budget and Policy Priorities) On Wednesday night, Michael Steel, John Boehner’s spokesman, e-mailed reporters to quash talk that the supercommittee’s Democrats had presented Republicans with another counteroffer and that the ball was now in the GOP’s court.
“This particular conversation was a step backwards,” Steel wrote. “It would lock in the largest tax [...]
Are There Any Rungs Left
on the Housing Ladder?
It appears that limited mortgage availability and vulnerable consumer health are restraining demand.
Also weighing on the market is regulatory uncertainty over the future structure of mortgage finance and the resolution of foreclosure overhang.
We believe the housing market, considered to be a key driver of the economic recovery, will generally remain weak for the foreseeable future.
MSFT has existed within its “they have no alternative; they have to use us” monopoly defense alternate universe for decades. Its attitude is that its customer is an IT department that can source and distribute thousands of software packages (e.g., Windows, Office) or devices driven by its software (the soon to be cancelled, lamentable WinMob) to corporations. It has nothing but scorn for the individual user whom MSFT management considers [...]
Metal commodities is a ponzi scam.
If you don’t have it in your hand – you have zilch.
Gold/Silver is leveraged 100 to 1.
Biggest scam of all time.