Roubini Proves He's An Idiot, Fed's Bullard Sees NO NEED For Further Easing, IMF Chief Calls For MORE Bank Bailouts, Getting A Mortgage May Never Be The Same, Gore Compares Global Warming Truth Tellers To Racists (LINKS)

Weekend reading from around the web.

• Roubini Says Jim Rogers’s $2,000 Gold Target ‘Utter Nonsense’
• Fed Governor James Bullard sees NO NEED for further easing
• Another STUPID Idea From Jackson Hole Would DELAY The Inevitable
• IMF Chief Lagarde Calls For MORE Bank Bailouts
• Buffett’s Bank of America Stake Reaps $1.3 Billion Profit on FIRST Day
• JPMorgan fined $88 MILLION for VIOLATING Iran, Cuba sanctions
• Trichet defends ECB, dismisses BANK RUN fears
• Getting a mortgage may never be the same
• Idiot Al Gore Says Global warming skeptics are this generation’s racists
• Jobs, ISM reports due this week could be UGLY
• BofA's $8.5 Billion Mortgage Settlement Could Fall Apart
• Col. Andrew Bacevich - STOP Spending On The War Machine
• GREAT CHART - home-price slump and new-house inventory
• Ron Paul Is The Rodney Dangerfield Of American Politics

Comments

[Hunter]

Is that possible to find a bigger dick than Gore?

[DailyBail]

Gallup Daily: Obama Job Approval

http://www.gallup.com/poll/113980/Gallup-Daily-Obama-Job-Approval.aspx

Another NEW LOW

[DailyBail]

Former Secretary of State Colin Powell, who famously crossed party lines to vote for President Obama in 2008, said today that he’s not necessarily supporting the president for reelection in 2012.

http://blogs.abcnews.com/thenote/2011/08/powell-not-sold-on-obama-in-12.html

[TR]

@Hunter

Obama & ALL of CONgress

[Robert J Molineaux, Sr.]

Your item on Roubini's prediction on gold prices was a very cheap shot - to the point of demagogy. You did not call readers attention to the fact that Roubini's statement was made in November, 2009, a whole year before QE2 was even begun, and QE1 barely started. The QEs were the main impetus to the expansion of the money supply which brought about unforeseen increases in both gold and the stock market. Do better next time.

[dogismyth]

Roubini is a shill, and also a big playboy. He cares only of making money and humping young hardbodies. He's an idiot. Why do you people listen to idiots. Make your own assessment. I'm not a goldbug, but I would rather be hanging onto gold than dollars. Roubini is an insider. Anyone who gets as much air time as him, is a shill and/or a liar. They spread propaganda. Haven't you figured this out yet?

[DailyBail]

@Robert

What you fail to grasp is that Roubini was pushing for more QE. So built into his prediction was the idea that QE2 was on its way. When one makes predictions, one should avoid using phrases such as 'utter nonsense' when referring to alternate hypotheses. He walked straight into this one.

[DailyBail]

BlackRock Inc. (BLK), the world’s largest money manager, is seeking regulatory clearance for its iShares exchange-traded funds to follow proprietary indexes rather than those developed by third parties such as Standard & Poor’s.

http://www.bloomberg.com/news/2011-08-26/blackrock-seeks-clearance-to-run-exchange-traded-funds-using-own-indexes.html

[DailyBail]

Tony Hayward Gets a Life Post-BP as Investors Write Blank Check

http://www.bloomberg.com/news/2011-08-24/tony-hayward-gets-a-life-post-bp-as-investors-write-blank-check.html

[DailyBail]

Fed Faces Old Foe as Moral Hazard Returns

http://online.wsj.com/article/SB10001424053111904199404576536313853079064.html

[DailyBail]

As Congress scrutinizes every nook and cranny of the budget for possible revenue, a surprising court decision is allowing clergy members to buy or live in multiple homes tax-free.

http://online.wsj.com/article/SB10001424053111903635604576476340089320176.html?mod=WSJ_Markets_RightMostPopular

[Dave]

Sorry DB, I know this post is a bit off key but I wanted to share it and thought well this may be okay here. From what I received in my DOL subscription, it seems they are now looking for money everywhere they can get it. In this case it's looking back into the past with unemployment issues. Thats just how I interpreted it anyway.


From: United States Department of Labor <subscriptions@subscriptions.dol.gov>
Date: August 30, 2011 4:06:40 PM PDT
To: phinneas66@gmail.com
Subject: Labor Department News Releases Update
Reply-To: United States Department of Labor <subscriptions@subscriptions.dol.gov>

US Labor Department seeks to recover more than $1 million in improper and delinquent loans made from United Employee Benefit Fund in Northbrook, Ill. [08/30/2011]
The U.S. Department of Labor has sued the United Employee Benefit Fund in Northbrook and its trustees, David Fensler and Anthony Monaco, following an investigation by the department’s Employee Benefits Security Administration that found the defendants violated the Employee Retirement Income Security Act with respect to loans issued from the fund.

2 West Virginia coal mines formerly owned by Massey Energy receive PPOV notices from MSHA after record-keeping audits reveal unreported accidents [08/30/2011]
The U.S. Department of Labor’s Mine Safety and Health Administration has issued notices of a potential pattern of violations to Randolph Mine operated by Inman Energy and Justice No. 1 Mine operated by Independence Coal Co. Inc., both underground coal mines in Boone County, W.Va., that were formerly owned by Massey Energy.
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[Real Estate Palmerston North]

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