Tuesday, April 1, 2014

S&P500 Hits New All Time High At 1885.52 Today

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The Shiller p/e hit 25.99, and the spread to the all time real price high of the S&P500 in August 2000 at 2018.27 narrowed to 6.6%.

Godless Libertarian Triumph In MI-3: Justin Amash Is Pro-Gay All The Way, Just Like Brian Ellis His Challenger

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There really is no choice for social conservatives between the two Republicans in the MI-3 primary in 2014. Neither candidate can bring hims...

America Lost $10 Billion On The GM Bailout As 2014 Recalls Surge Another 1.3 Million To 6.1 Million

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The driver claimed his power steering locked up after hitting a pothole. The GM recall debacle of 2014 is developing so fast it's hard t...

Media Shills Claim Surging Support For ObamaCare Even As Obama Disapproval Surges To New Highs

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Now why would Obama set a new record for disapproval if his signature law is so popular? On the last day for open enrollment in ObamaCare ye...
Monday, March 31, 2014

Obama Befriends Illegals: ICE Arrests Plummet 40% Since 2011, 870,000 Deportable Aliens Remain Deep In Country

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. . . and these Republicans support him. The Daily Caller reports here : Since June 2011, when the first of the Obama administration’s “pros...
Sunday, March 30, 2014

Maryland Junks Its Failed Online Healthcare Exchange, Now If Only The Feds Would Do The Same

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Story here : Maryland is not alone in having deep-seated problems with its health marketplace. Technical issues also have plagued Oregon, Mi...

Bailed-Out GM Auto Recall Surges To 4.8 Million In 2014 From 0.76 Million In 2013

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Top 20 vehicles by sales volume 2013 There's your everyday, run-of-the-mill, garden-variety recall from going automobile companies like ...

Lost For Three Weeks, Malaysian Flight 370 May Join 83 Other Disappearances Since WWII

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Bloomberg has a good graphic here of aircraft which have simply vanished in the post-war, about 1.2 per year on average. Wikipedia now has ...
Friday, March 28, 2014

Memo To Larry Kudlow And Other Defenders Of GM/TARP Bailouts: Free Market Capitalism This Is Not

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General Motors, bailed out at a loss to the American people in 2009, has now had to recall approximately 2.6 million vehicles according to t...

Larry Kudlow's Kudlow Report On CNBC Ended Tonight

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CNBC posted the farewells here  on the day ending the television show's 5-year run, which wraps up 25 years with the network so far. Kud...
Thursday, March 27, 2014

Incompetent Boob

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He can't even make a gimme

WaPo's Chris Cillizza Doesn't Realize The Voters Already Decided Obama Was Incompetent Way Back In 2010

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Yeah, Obama was reelected in 2012 and retained the Senate twice, but the House went Republican in 2010 and stayed that way in 2012 despite a...

Obama Is Going To Finish His Presidency With The Worst GDP Performance Since World War Two

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The Bureau of Economic Analysis reports here  today its third and final estimate of Q4 2013 GDP at 2.6%, up from 2.4% in the second estimate...
Tuesday, March 25, 2014

High On Dope Again, Obama Calls Russia A "Regional Power" Despite Its Nuclear Stockpile Of 8500 Warheads And Hundreds Of ICBMs

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A country which can obliterate another nearly 10,000 miles away is not a regional but a strategic power, but as we all know by now, Obama is...

Unreliable Conservatism: Judge Bernard A. Friedman, Reagan Appointee, Overturns Michigan's Marriage Amendment

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As a Democrat in recovery, Ronald Reagan proved more than once that his journey to conservatism was incomplete. On the social issues he was ...
Monday, March 24, 2014

"Our outlook continues to be more favorable for Treasuries going forward."

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So says Market Anthropology's Erik Swarts, here . "[O]ur current estimates of prospective S&P 500 total returns are negative on...
Saturday, March 22, 2014

Foreclosure's Ground Zero Finally Shifts To New Jersey And New York After Region Being In "Suspended Animation" For Years

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So reports Bloomberg here in late February: The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatenin...
Thursday, March 20, 2014

All But One Big Bank Would Fail Real Stress Tests, Which Means In An Actual Crisis It's 2008 All Over Again

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So says Bloomberg View  here , naming Wells Fargo as the only one which would pass: The results aren’t pretty. Using a start date of Sept. 3...
Wednesday, March 19, 2014

China Ups The Ante In The Race For Thorium Reactors

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The earth is loaded with thorium, but so is the moon. The South China Morning Post reports here : A team of scientists in Shanghai had origi...

The Federal Reserve Couldn't Hit A Bull In The Ass With A Sack Of Peaches, Let Alone Target The Inflation Rate

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The all items CPI had climbed to 219.016 on July 1, 2008 and didn't surpass that level again until October 1, 2010 at 219.024. The defla...