Archive - Jun 2012 - Blog entry

"A massive cesspit."

There are few options left.

Contradictions of Life in bankrupt California

A confluence of factors is forming a perfect storm for the oil market to face some major headwinds for the next 5 years. 

Understands who can… The Brussels nightly drama yielded first tweeted “results”, then none, then yes. Then some bickering, Southern drama, then truce. Then they still were not done haggling.

Neoclassical Economics Is a Scam ...

Historic Headline!

“A new breach in the dam”

... and Regulators Have Become “Cops On the Take”

She'll be back.

It's just a matter of time before Bunds become the target of bond vigilantes unless Germany pulls out of the political fundfest that is runnnig nowhere very fast

Markets will stage a knee jerk reaction to these measures. That reaction will see bank shares rise and yields fall, temporarily. But this move will be short-lived, just as moves following LTRO1 and LTRO 2 were. After all, these announcements are just more political measures than anything else. And Europe needs capital NOT politics at this point.

“You are free to not eat broccoli, but if you don’t the government will impose a penalty on you. This penalty is really just a tax and since the government has the power to tax for all sorts of reasons, they can tax you if you don’t eat broccoli.”

This is the logic of Justice Roberts argument in the Obamacare case that was handed down today.

This should not surprise us because the Constitution is whatever the Justices wish it to be. According to today’s ruling, there is nothing in the Constitution preventing them from doing this.

Why Germany won’t blink.

Obama Said It WASN'T a Tax ...