bugs_'s blog

Domestic energy production continues to increase despite the anticipated shale shakeout.  The precipitous decline in gasoline prices were welcomed by most but government exise tax revenue was in jeopardy.

This past Monday the US Marshals auctioned off the "Silk Road" Bitcoin wallets at a higher than expected price to a single bidder.  The Bitcoin market strengthened coming into the auction and has held on to most of the price gains.

In the alternative coin market, on the other hand, we saw panic selling of an alternative coin (but only on one site!) and aggressive selling across the spectrum of "scrypt" based coins.

It will be natural to sing the praises of our elected leadership after they have hammered out their deal to raise taxes in order to avert the crisis.  To recall that raising taxes is ever always the solution will be just as easy as to forget to honor the unsung heroes of the fiscal cliff - the software people that maintain America's payroll systems.

Much has been made lately of Jack Welch's "turn" on the Administration regarding the BLS data for September.  It seems a bit odd that Jack would be worried about this now since Zerohedge readers have been exposed to reports that this has been going on for a few years.  Why now Jack?

Did you see the news that al-Gore purchased a $9M seaside mansion on the California coast? Here is a great opportunity for us to look through the fog of his "watermelon" rhetoric and glimpse the heartfelt perceptions of one of our most brilliant politicians!

We kissed Nasdaq 3000 this morning.  Doom and Gloom abounds.  The macro picture is still dire with lots of bad news - some of which you can only get on ZeroHedge!  Consider the crazy news that Wyoming was looking to buy an aircraft carrier.  Is this not Peak Doom?  It is a sign.

What is more worthless than a run-down unmaintained home that is unloved?

The answer to this question is the expected value of your social security pension!