Monday, April 15, 2013

"Invest" In Housing? Real Home Prices Up 0.2 Percent Per Annum 1890-1990.

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So warns Robert Shiller, here : "Home prices look remarkably stable when corrected for inflation. Over the 100 years ending in 1990 — b...
Sunday, April 14, 2013

Tax Compliance Costs: Over A Full Week Of Your Time

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The poll tax in the north for 1873 If it takes 6.1 billion hours to comply with the tax code as reported here , for 114.7 million households...
Saturday, April 13, 2013

If Babies Had Guns . . .

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Libertarian Megan McArdle Makes Me Want To Puke

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Because she thinks there is anything which can make abortion humane, here : "I knew about the Gosnell case, and I wish I had followed i...

Robert Samuelson: Obama Is Timid, Lazy, Phony, Tiny and Small

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"Timid, lazy, phony, tiny and small" doesn't quite have the same ring as "solitary, poor, nasty, brutish and short",...

Despite Gold's Drop, Gold/Oil Ratio Finishes The Week At Oil-Bullish 16.45

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texasbullfights.com Even at the spot price of gold of $1,477 after the NY close the ratio is 16.18, indicating that oil remains on sale rela...
Friday, April 12, 2013

Gold Fell Out Of Bed Today, Dropping 4%

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The carnage continues in after hours trading with spot prices around $1,477 the ounce. It is thought in some quarters that the terms of the ...

Real Retail Remains In Depression, Still Over 8% Down From 2005 Peak

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Doug Short explains his chart,  here . Real retail remains mired in a depression, despite the progress made digging out of the bottom of the...
Thursday, April 11, 2013

Russia Was Just The Excuse For The Eurogroup To Steal From Cyprus

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So says Ambrose Evans-Pritchard, here , for the UK Telegraph: "First they purloin the savings and bank deposits in Laiki and the Bank o...

Jim Cramer Still Thinks You Are A Fool. He May Be Right.

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M1 since the 2008 panic M2 since the 2008 panic M2 is up $2.71 trillion since the crisis, M1 $1.05 trillion. That means since September 1, 2...

For What The Nation Earns Homes Are Still Overpriced (15%)

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So says Bloomberg Businessweek, here : "[H]ouses are overvalued. From 1988 through 1999, median home values averaged 2.6 times the medi...
Tuesday, April 9, 2013

Jim Cramer Blames President's Fear-Mongering Over Sequester For March Jobs Number

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Here : "I think the report can be totally explained by our Fear Monger in Chief (i.e., President Obama), who scared the heck out of eve...

35% Of Long Islanders Seriously Delinquent On Mortgages, Banks Not Foreclosing

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And the people just keep living in the homes so long the notices of default expire and have to be refiled. So says Keith Jurow for BusinessI...

US Prints Record 3+ Billion $100 bills in 2012

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The US Bureau of Engraving and Printing issued a record 3.0272 billion individual $100 bills in fiscal year 2012, according to its website  ...
Monday, April 8, 2013

Margaret Thatcher Was No Libertarian, Moving Leftward To Adapt Like Sen. Rand Paul

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Marco Rubio, are you listening? Ben Domenech, here : Thatcher was originally seen as a Heath acolyte within the Tory wing, given a cabinet p...

Thatcher: "Socialist governments ... always run out of other people's money."

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Llew Gardner: There are those nasty critics, of course, who suggest that you don't really want to bring them down at the moment. Life is...

Thatcher's Finest Hour: And So Say All Of Us

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"She always afterwards regarded the Falklands War as the most important period of her premiership." -- The UK Telegraph, here

"The Prophet Without Honor In Her Own Country": Thatcher Dead at 87

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both free at last 'The second negative [which helped end her prime ministership] was [Mrs. Thatcher's] intransigent attitude to furt...
Sunday, April 7, 2013

Since ObamaCare Was Upheld 2.03 Million Jobs Have Simply Disappeared

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Ho-ney? I shrank the workforce! The Supreme Court upheld ObamaCare on June 28, 2012. Since July 1, 2012, full-time jobs are down 1.335 mill...
Friday, April 5, 2013

Why Both Bush And Obama Were Re-elected

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Bush and Obama both were re-elected in part because full-time jobs under their respective watches started and ended at almost precisely the ...