Archive - Apr 21, 2010 - Blog entry

This decision will rank only second after his selection of the new Supreme Court justice in importance for the country, the economy, and your portfolio. The betting is that he will pick three monetary doves who will keep interest rates lower for longer, continuing the steroid injections of free money for the economy. The ghost of libertarian Ayn Rand will no longer be welcome on this board. Setting up a layup for the 2012 election.

Jim Bianco warns that "punishingly high" rates are coming in the second wave of the financial crisis. If he's right, it will be a bloodbath.

Olivier Blanchard, chief economist at the International Monetary Fund (IMF), talks with Bloomberg this morning about the prospects for an asset bubble in China. Blanchard, speaking from Washington, also discusses the impact of sovereign debt on global economic growth.

More divergence in opinions between our team and the reporting of the MSM! Failing to provision for loan losses is not the same as making money, is it???

Never be satisfied with the gruel we are handed, take anything offered and everything demanded. Rather than complain that the gruel doesn’t fill, think like Oliver Twist and declare you want more swill. Be the voracious mindless consumer that the Ponzi claims they don’t forbid. Become a blood sucking vampire and plunge into the blood funnel of your favorite giant squid.

The government wants to regulate your intake of salt because your lousy eating habits will drive up the cost of Obamacare. Salt consumption is anti-social behavior and deserves to be punished.