Archive - Apr 25, 2010 - Blog entry

For those of you interested in economics, capitalism, and Austrian theory, and a lot of other things, I've created a new Reading List page on my blog, The Daily Capitalist.

Potential foreclosures may result in a 103 (9 years) month inventory of homes coming on the market.

sia is on its way back up to an historical weighting of 50% of world GDP/ that means china’s economy triples from here. Another $500 billion stimulus package is sitting on the shelf. Don’t count on China bailing out our $14.4 trillion economy. (FXI), (DBC), (DYY), (DBA), (PHO).

The governments of 10 western countries called Google evil in a letter demanding the company improve user privacy, citing concerns about Google Buzz and Street View services.

While there’s a general consensus among the Zero Hedge community that the big boys are manipulating the various markets to maintain and even accelerate the Ponzi, this still requires a great deal of conscious participation by those lower down the ladder. While many of us are calling for the hangman’s noose around Blankfein or Bernanke’s neck, shouldn’t we also being stringing up your next door neighbor or that self righteous prick of a brother-in-law or maybe even you?

According to estimates by The Economist, foreign banks’ exposure to Greece, Portugal and Spain combined comes to €1.2 trillion. All this could all end horribly, if governments refuse to cut spending and markets refuse to fund that spending.

"When the facts change, I change my mind." - John Maynard Keynes

It's time for the annual trip to Omaha.

The poor are suffering Depression-level unemployment, while the well-off aren't feeling a thing ..