Tuesday, August 31, 2010

Rule By The Rich: Do They Really Need Their Salaries of $3.83 Million?

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2009's top congressional millionaires consist of ten senators and twelve representatives, in order from top to bottom as follows: 1. Sen...
Monday, August 30, 2010

GDP for Q2 2010 In Context

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"Historically, four quarters following a bottom in GDP, growth is running over a 6% annual rate. Rejoicing over 1.6% because it wasn’t ...

Set 'Em Up, Joe

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A glass of wine a day is better for longevity than none (and better than the whole bottle), according to a new study following out-patients ...

New Republican Record in Gallup Weekly Tracking Poll

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Gallup reports that registered voters prefer Republicans to Democrats by 11 points, besting the 1994 5-point record, which preceded the asce...

You'd Know It's a Depression If . . .

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. . . 50 million Americans getting Medicaid, stopped getting it (cost $273 billion); . . . 40 million Americans getting Food Stamps, stopped...
Saturday, August 28, 2010

"Bond Markets Tell Us We Are Already In Depression"

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Ambrose Evans-Pritchard had a memorable line in a posting July 27th which is apropos after Friday's stock market rally despite so much ...
Friday, August 27, 2010

GDP for Q2 2010 at 1.6%

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The advance estimate of GDP for Q2 2010 was revised down today to 1.6% from 2.4%, on surging imports and slower growth in corporate profits....
Tuesday, August 24, 2010

Federal Reserve Appeal Denied, Continues to Stymie to Protect Banksters

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Bob Ivry for Bloomberg News is reporting that the Federal Reserve's appeal in May of a March ruling requiring the Fed to disclose inform...
Sunday, August 22, 2010

About That Failure of ShoreBank, Chicago, Illinois

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Here's what Mish has to say about it after excerpting reports from Bloomberg, The Wall Street Journal and Zero Hedge: This is what matte...
Friday, August 20, 2010

David Stockman Hates America

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David Stockman's latest screed against PIMCO reveals what a creature of his age he has become: "Housing is a commodity like furnit...

The Desperation Index: Bull Market in Lotto Tickets and Metal Detectors

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BusinessWeek.com is reporting here  that lotto ticket sales increased 1.5% in the fiscal year just ended, making the North American lottery ...
Wednesday, August 18, 2010

Price to Earnings Ratios

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John Hussman has an important article here  on price to earnings ratios, in particular "forward earnings ratios," which came into ...

"Moochelle": Michelle Obama's New Name

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Given to her by none other than Rush Limbaugh: We have a name for Michelle: "Moochelle." Mooch, mooch, Moochelle Obama. That will ...
Tuesday, August 17, 2010

The Choice Wasn't "Do Bailouts" or "Do Nothing"

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Barry Ritholtz provides a very succinct summary of what were the alternatives to the bailouts of 2008, and takes to task those who want to d...
Saturday, August 14, 2010

Boycott The Airlines: Don't Fly Until The Scanners Come Out

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As Grand Rapids' Ford Airport gets its new backscatter body scanners this week, I learned that the low penetration, privacy and dose cla...
Monday, August 9, 2010

BLACKOUT NATION

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More "year of the black:" black president, Chicago Blackhawks, black beaches, and now blackouts. Thom Patterson reports for CNN.co...
Friday, August 6, 2010

The Mother of All Bailouts

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Bloomberg.com had an important article in June about the Government Sponsored Enterprises in which it is estimated that they may reasonably ...
Thursday, August 5, 2010

Bankers Scamming the American People Out of Hundreds of Millions of Dollars

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Bloomberg.com has an interesting look inside a bank failure, describing the crimes which occur but never get prosecuted, unless you happen t...

Obama and Company: Experts at Bankruptcy

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The Chicago Sun Times is reporting: On Feb. 14, 2006, newly obtained records show, the bank [Democrat Senate hopeful Alexi Giannoulias' ...

As A Dog Returneth To His Vomit

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Kimberley A. Strassel updated the Alexi Giannoulias affair in mid-July for The Wall Street Journal, highlighting the source of the Senate ho...