Tim Knight from Slope of Hope's blog
Perhaps, as in 2008, commodities are a very large canary in a very crowded coalmine. I am highly confident Mr. Stockman's prediction about North Dakota is going to come all too true.
I was always a little curious how much my fair city was spending on these guys, who basically sit on plastic chairs and stare into space all day.
"Oh, he's there to make sure high school kids don't jump in front of a train to kill themselves", I would reply. And you, assuming you come from a place that isn't insane, would be puzzled and appalled at my answer.
A mere 70 million people will have more wealth than 6.93 billion. Thanks, banksters!
Remember, years ago, when the markets were a mechanism for honest price discovery and a gathering place for buyers and sellers to participate in open, unvarnished capitalism?
Believe it or not, I was much more interested in these ads from 1978, and they are a study.
And yet on Friday morning, the solution came to me in a shot. And, as with most good solutions, it comes from no less a place than Star Trek: The Original Series. Hear all now my idea:
For now, they've failed............but the fact that this watering-down was even considered is something I find sickening.
Here is the third and final part of my retrospective with links to what I believe are the best posts of 2014 at Slope of Hope:
The fact that these guys were shot dead doesn't make them heroes. Period.
Here is the second part of my retrospective from Slope of Hope in 2014.
As 2014 wheezes and coughs to its termination, I wanted to share some of what I consider to be the best posts of the year.
It's hard for me to imagine a more appropriate way to celebrate the birth of the redeemer of our sins and the lamb of God than the shameless purchase of a bunch of useless crap that no one needs.
The five remaining equity bears on Earth are all saying the same thing: "We'll get 'em in 2015." To which I ask: why? What's going to change?
You will note something quite interesting: up until October 2011, commodities and equities had an awfully strong positive correlation.