Wednesday, March 13, 2013

Depression In Real Retail Sales Finally Ends, Beats Old 2006 High

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The old high in Dec. 2006 was $180.016 billion. The depression low was $155.927 billion in March 2009, a decline of 13.4% in inflation adjus...
Tuesday, March 12, 2013

Commentary Magazine Defends Reagan's Liberalism

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Peter Wehner, here : "[I]magine the Norquist and Shirley standard being applied to Reagan in the 1970s. If Jeb Bush’s comments unleashe...

Another Observer Notices The Broken Link Between The Monetary Base And Markets

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Kopin Tan, who otherwise believes the Fed has been juicing markets, for Barron's, here : "[W]hile the Fed tripled its balance sheet...

John Hussman Warns Correlation Is Not Causation

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Here in "Two Myths and a Legend": 'This first myth is embodied in statements like “since 2009, there has been an 85% correlat...

Depression In Oil Consumption Continued In 2012 At 18.56 million Barrels Per Day

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US Petroleum Consumption '80-'11, eia.gov Reuters had the story here  on Feb. 27: Oil demand for the year was at 18.56 million bpd, ...
Monday, March 11, 2013

TSA Feels Up Claire McCaskill, Senator Upset

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Story here . Airports, where even the senators get treated like criminals by the TSA. But in that case the TSA would be right .

Corporations Have Been Considered Persons Since At Least 1775

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And not only have corporations been considered persons since at least 1775, the original 13 American Colonies were considered corporations w...

New Food Stamp Record Set In December 2012: 47.79 Million Americans

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Sunday, March 10, 2013

Libertarian Mish Apologizes For Spelling "Dike" "Dyke"

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Gee, that's a first. Of all the misspellt wurds on Mike Shedlock's improbably famous blog which he has never apologized for let alon...

Nancy Pelosi: Let's Make Elections Less Important!

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The anti-democratic Democrat Rep. Nancy Pelosi strikes another blow against that sorry thing, the American voter, here : “All of us come her...

Jeb Bush doth protest too much.

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Jeb Bush appears on five or six shows on Sunday and accuses the media of being obsessed with politics. Uh huh.

Only Kooky People Say America Is Hurtling Toward Tyranny

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So says, who else?, Bill Kristol, here : "On the other hand, Paul’s political genius strikes us as very much of the short-term variety....
Saturday, March 9, 2013

Rep. Amash Is A Fake Conservative

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Rep. Amash is getting increasingly bold in his use of code words which show that he is a fake conservative. I think he's triangulating i...
Friday, March 8, 2013

February Unemployment Rate Drops To 7.7%

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The full BLS report is here  in pdf. The official number of the unemployed has dropped from 12.8 million a year ago to 12.0 million in Febru...
Thursday, March 7, 2013

Sen. Lindsey Graham Must Be A Prophet: He Is The Wrong Guy

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The prophet, Sen. "Illegal Alien" Grahamnesty, speaks, here : “If I can’t go have dinner with the president of the United States t...
Wednesday, March 6, 2013

FoxBusiness Is Full Of Baloney About The Monetary Base

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Throughout 2007, when the stock market reached its previous all time high in October of that year, the adjusted monetary base of the United ...

This Is Obama's Driver For Jobs

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Rush Limbaugh Still Blames The Republican Base, Not The Candidate

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Here , yesterday: "That's why we're losing, 'cause we keep nominating moderates.  You know, Mitt Romney is one of the most ...

Have FoxBusiness And EMAC Gone Just A Little Bit Nuts?

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Elizabeth MacDonald writes here  that FoxBusiness has proof, proof!, that the Fed is juicing the markets. Am I the only one who thinks this ...
Tuesday, March 5, 2013

Between Sequester Cuts And Payroll Tax Hike, Expect 41% Hit To Nominal GDP

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Between the sequester spending cuts and the payroll tax rate going back up by 2 percentage points, I'm expecting a decline in nominal GD...