Thursday, July 19, 2012

Fired American Workers Take 50 Percent Pay Cuts And Do Nothing About It. Spaniards Take 15 Percent Cuts And March.

›
The American people will do anything for money. Ask anyone over 50 who's been fired despite being highly productive and highly skilled, ...

What Do Hillary and Huma Have In Common?

›
Dicks. They even work for one.

Pelosi Backs Off Romney Tax Returns. Does She Fear Having To Release Her Own?

›
She's rich as Croesus, after all. Her financial disclosure for 2010 makes her nearly as rich as Romney. Roll Call reports here that on...

Dick Bove Sounds Just Like George Bush: We Tampered With LIBOR To Save The Banks

›
The hypocrisy just never ends. It gets so common no one has the energy left from all the outrage to pick up a torch and a pitchfork anymore....

Germany's Lonely Realists About The Euro

›
From Ambrose Evans-Pritchard,  here : Thilo Sarrazin is not everbody’s cup of tea. The ex-Bundesbanker and shock-jock critic of Islam in Eur...

Elizabeth Warren Is Still Talking Bull: Defends Obama's Theft Of Her Idea In "You Didn't Build That"

›
The Boston Herald quotes her here : Elizabeth Warren yesterday came to the defense her former boss President Obama’s controversial statement...
Wednesday, July 18, 2012

Price Of Gold Adjusted To The Purchasing Power Of The Dollar

›
What is today's fair value price of an ounce of gold? Is it really $1,579 the ounce? In 1913 the price of gold was still fixed at $20.67...

The Purchasing Power of the Dollar Under Post-War Presidents Is A Catastrophe

›
The purchasing power of the dollar under Truman fell 12 percent in four years (1949-1953). The purchasing power of the dollar under Eisenhow...

Stocks Are Really Cheap? I Don't Think So.

›
Stocks are not "really cheap". The Shiller p/e ratio is at 21.90 as of yesterday, 33.3 percent elevated off the mean of 16.43. Sto...

Getting Out While The Getting's Good: Decade-Long Retirement Spree Exacerbated Unfunded Liabilities

›
So says Steven Malanga for RealClearMarkets, here : From 2001 through 2010, the number of government workers or their beneficiaries receivin...

Unfunded Liabilities Of State, Local Governments Could Be $4 Trillion Or More

›
That's what I read in the new State Budget Crisis Task Force Report, here : Under current assumptions used by actuaries to value liabili...
Tuesday, July 17, 2012

Mark Hamill Says Romney's Not Actually Human

›
Oh yeah? Mark Hamill's not actually Luke Skywalker. So there.

The answer is -2.18 percent per annum

›
The question is what is the annual rate of return with dividends fully re-invested and adjusted for inflation for the Standard and Poor'...

Dead Lefty Accused Obama Of Complicity With The Right And Ethnic Cleansing

›
It's a fascinating paper delivered by one Robert Fitch, here , shortly after Obama's election in 2008. He paints a history of Obama ...
Monday, July 16, 2012

Another Person Notices Declining Savings Fueled Personal Consumption

›
Jeffrey Snider here : To maintain the post-recovery muddle required a serious correction in the personal savings rate – from a high of aroun...

S&P500 Real Rate Of Return, Dividends Fully Re-Invested, From October 2007 . . .

›
. . . is -2.83 percent, annualized, through May.

Bob Diamond Has A New Gig: LIBORACE

›
See it, here .

How The World Will End: The Myrmikan Edition

›
Good stuff from Daniel Oliver, here , describing how the banking system has become the key institution through which American-style fascism ...

Just Say "No" To Work: Why Some Free Men Say "Take This Job And Shove It"

›
As seen here : [F]rom the factory to the office tower, the American workplace has been morphing for many into a tightly-managed torture cham...
Sunday, July 15, 2012

I'm Shocked: George W. Bush Warns Against Spending Cuts Same As Romney

›
The Keynesian grip on the Republican Party continues apace, which is why it is no match for the real Keynesian deal in the form of the Democ...