Archive - Mar 2011 - Blog entry

30 miles from Los Angeles!

"Sometimes I wake up and I don't know who I am" Nicholas Johnny Scambo

Given the presidency’s dual role as chief of state as well as chief executor, celebration of a multitude of ceremonies is necessary and fitting – all the more in times of peril when the nation’s spirit needs uplift. But Mr. Obama’s sports addiction, his gliterrati extravaganzas, his causal acknowledgement of our closest allies’ tragedies, and his wife’s Marie-Antoinette progressions are increasingly bizarre. Importing a Chicago Daley mob family member, supposedly as a pragmatic chief of staff, so far has not injected restraint much less austerity.

The stakes are high ...

D'oh!

Seriously, does anyone REALLY think the US could get its debt levels under control? We’ve already got Debt-to-GDP levels that are comparable to Greece and the other European countries that are collapsing. Our Central Bank now buys 50+% of all new debt issuance (of course waiting a few weeks to Wall Street can pawn this stuff off on the taxpayer for a profit). Medicare and Social Security are bankrupt. And the idea that the FDIC can cover all the deposits at banks that will fail is laughable

My Nuke & BTFD.

You can peer under the hood, which could be very helpful ... assuming the data itself isn't fudged

"Sick on my journey, only my dreams will wander these desolate moors." (Matsuo Basho's death poem)

This is not "Commie talk" people. If you are not one of the Forbes 400 you are either a victim or a victim-in-waiting because what do you think the 400 will do when the bottom 90% are bled dry?

Judging from the relative volatility and the extremely wide holdings of this find company with a near cult like following, if price action breaks it will break very hard - and this time there may be fundamental justification for it.

Come for a knockdown, drag out debate about the future of the global financial markets. More meat than a Carnegie deli pastrami. Floor traders please leave the brass knuckles at work. Commodities trades are required to wear shoes. Will the gold traders please leave your “wife beaters” at home.

Intervention. For the first time in a decade we're seeing multi-nation intervention to help weaken the Yen, as a beleaguered Japan works to recover from a multi-faceted disaster. Weakening of the Yen eases some of the strain on Japanese exporters, many of whom are being forced to keep factories closed due to power shortages and structural damage after the earthquake.

A Canadian bubble, eh?

It's over the top.