Wednesday
Nov252009
Nov 25, 2009 at 4:35 PMWednesday
Nov252009
Wednesday
Nov252009
Tuesday
Nov242009
Beware A Vicious Dollar Rally (Where The Wild Things Are)
By John Mauldin
Where the Wild Things Are is a beloved children's book and now a beautiful movie. But in the investment world there are really scary wild things lurking about in the hidden recesses of the economic landscape. Today we look at one of the unintended consequences of the Federal Reserve's low interest rate policy.
For quite some time, I have been arguing that we are faced with no good choices, not just in the US but in the entire "developed" world. I see a low-growth, Muddle Through world over the next years (with a double-dip recession just to liven things up). However, that does not mean that we will lack for volatility. Things could get volatile rather quickly. Let's quickly set the background.
It Is Not Just Japan
Let's look at today's interest rate picture. Yesterday, we had the bizarre occurrence of banks actually paying the government to hold their cash. Three-month treasuries yield a miniscule 0.01% in interest. If you opt to buy a one-year bill you get all of 0.26%. You can see the entire spectrum below.
Tuesday
Nov242009
Sarah Palin: Rogue Warrior, Talking Point Machine (Daily Show)
Video: The Daily Show With Jon Stewart -- Sarah Palin Rogue Warrior -- Aired Nov. 18, 2009
Presented without comment because you already know my thoughts on Sarah Palin, Bailout Socialist; Republican's looking for a anti-establishment candidate would be asked again to consider Dr. Ron Paul. Dylan Ratigan's show gets lampooned for a Palin photoshop mistake.
Saturday
Nov212009
HEALTHCARE BREAKING: Lincoln's 'Yes' Gives DEMS 60 Votes
Blanche Lincoln has just confirmed she's on board and will vote yes to open debate.
Sen. Blanche Lincoln (D-Ark.) said she’d deliver the deciding vote to push forward with a sweeping health reform plan in the Senate Saturday, ending days of speculation over whether President Obama’s signature priority would proceed to the floor or suffer a debilitating blow.
Saturday
Nov212009
Michael Crichton Annihilates Al Gore And Global Warming
PBS Video: Michael Crichton On The Fraud Of Global Warming With Charlie Rose
Our previous story on global warming fraud reminded me of this Michael Crichton interview from a few years ago. It's a 5-star appearance. Crichtdon graduated Harvard Medical School, was a published scientist, and was a fellow at the Jonas Salk Institute before becoming a Hollywood writer/producer, so it's not really a fair fight. Al Gore and the entire accepted dogma of man-made global warming (AGW) is obliterated.
Friday
Nov202009
Friday
Nov202009
Tempers Flare In Clash Over Fed Secrecy As Grayson Reminds Watt: "The Road To Hell Is Paved With Good Intentions"
HR 1207 Audit The Fed Video: Alan Grayson Clashes With Fed Apologist Melvin Watt -- House Financial Services Hearing -- Aired November 19, 2009
Friday
Nov202009
Ron Paul Slams The Watt Amendment: "The American People Are Sick And Tired Of Secret Government"
HR 1207 Audit the Fed Video: Ron Paul Attacks the Watt Amendment -- House Financial Services Committee -- Aired November 19, 2009 -- Runs 5 Minutes
Friday
Nov202009
Thursday
Nov192009
Daily Bail Exclusive With David Walker: "Young People Wake Up, Ignorance And Apathy Make For A Toxic Mix"
David Walker is the former Comptroller General of the United States (the nation's top independent accountant), and is the current President and CEO of The Peterson Foundation, a group we've highlighted several times, and whose founder Pete Peterson is a multi-decade champion of fiscal responsibility, and a former Wall Street CEO (Lehman Brothers and The Blackstone Group and Chairman of The New York Fed from 2000 to 2004).
From the Peterson Foundation mission statement:
Our mission is to increase public awareness of the nature and urgency of key economic challenges threatening America's future and accelerate action on them. To meet these challenges successfully, we work to bring Americans together to find sensible, sustainable solutions that transcend age, party lines and ideological divides in order to achieve real results.
Among many noteworthy projects, The Foundation helped fund the production of I.O.U.S.A., a commercial film focusing on America's fiscal issues, which many of you saw here.
This week in Chicago, The Peterson Foundation is funding Mobilize.Org's Millennial Youth Summit, Democracy 2.0, which we are attending as press/participants. David delivered the keynote speech this morning and we spoke with him exclusively after his address.
Zach and Josh do the honors.
Wednesday
Nov182009
Tuesday
Nov172009
Lou Dobbs Makes A Graceful, Conspiratorial Exit (SNL Rip)
Saturday Night Live Video: Loud Dobbs Makes A Graceful, Conspiratorial Exit -- Aired Nov. 14
Lou Dobbs appeared claiming he retired from CNN because he thinks the "C" stands for the Spanish "si." Dobbs (Darrell Hammond) calls his replacement, John King, "Juan" -- a colleague who may have paid for his ascension with drug money. Runs 2 minutes.
Watch