Thursday Night Reading -- Including National Debt Projection For 2018 (19 Stories, July 29, 2010)

Stories are inside to save space on the front page.

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• Fed's Bullard sees deflation and Japan in U.S. future

• Internal Fed Debate over QE 2.0

• Panel hits Charlie Rangel with 13 ethics charges

• OMB nominee got $900,000 bonus after Citigroup bailout

• State of Arizona appeals yesterday's court ruling

• The Great ETHANOL Boondoggle

• Egyptian Journalist Describes 'Absolute Prosperity' in Gaza

• Citigroup LIES about $40B in sub-prime exposure, gets puny $75M fine

• Shirley Sherrod Says She'll Sue Andrew Breitbart

• Grayson bills taxpayers for DVD of Congressional highlights (VIDEO)

• GOP tries to block DEMS lame duck strategy

• David Rosenberg on Deflation vs. Inflation

• Arguing over the Bush tax cuts

• Tour the SECRET Gov't. bunker at the Greenbrier (very cool)

• Obama appears on the View

• VIDEO: Obama's appearance

• Employers now checking FICO scores of potential hires

• N. Korean soccer team shamed by leaders for losing in World Cup

• Woman's nude photos exposed by DELL tech support

Comments

[mark mchugh]

DB,

I don't think Billions and Trillions or % of GDP hit home when describing the deficit to the common man.

I'm finding that people "get it" better when you describe it like this:

$500 per person per month for almost two years now.....

[DailyBail]

Thanks to Izabella Kaminska of the Financial Times for linking to this story this morning...

http://ftalphaville.ft.com/blog/2010/07/30/302036/further-reading-574/

We are the further, further reading at the bottom...

[DailyBail]

Evidence Mounts That Michigan Tea Party Is Democratic Front

http://tpmmuckraker.talkingpointsmemo.com/2010/07/evidence_mounts_that_michigan_tea_party_is_democra.php

[DailyBail]

"Instant Refi"? Watch The Consequences...

http://market-ticker.org/archives/2536-guid.html

[DailyBail]

Transparency at the SEC? Why Would They Want to Do That?

http://www.senseoncents.com/2010/07/transparency-at-the-sec-why-would-they-want-to-do-that/

Mark..thought of you with this one...

[DailyBail]

Many wise observers and practitioners from Keynes and Triffin to Roubini and Grantham have thought of Gold as a barbarous relic. Let it be said, to the delight of Goldbugs, that I frown upon such a pejorative (at least for the duration of this post). Gold is championed as a store of value because as Goldbugs rightly point out.... it's always been a store of value. No need for further elegant rhetoric with such an historical pedigree. Circular, yes, but circularity is of small consequence in the search for a universal store of value (so long, perhaps, as one leaves the little chestnut called "price" asides). More pessimistic zealots, of say the Goldline variety, suffering both political and economic disillusionment, fear the worst Orlovian outcome - the one where BOTH politics and economics yield to chaos, (and for those so inclined if prophecy be requited, thereafter The Rapture). Gold - along with guns, ammo, and canned spam (not necessarily in that order) is seen as the best hedge of the former while "Just saying No!" may facilely suffice in the latter.

http://nihoncassandra.blogspot.com/2010/07/golden-castles.html

[DailyBail]

Is Chelsea Clinton Setting a Bad Example?

http://online.wsj.com/article/SB10001424052748704532204575397690042132652.html?KEYWORDS=chelsea+clinton

[mark mchugh]

Well thanks for thinking of me, DB.

The long and the short of Financial Reform was for Congress to declare the shark tank safe for swimming.

Don't be chum.

[RecoverylessRecovery]

"The long and the short of Financial Reform was for Congress to declare the shark tank safe for swimming."

LOL. What a great analogy.

Looks like the wise & prudent would do better in completely AVOIDING the swimming pool for a while.

[S. Gompers]

Cheap foreign made junk anyone? buy now, and help destroy America.

Looks like "coach" was busy last night...

[Ken]

@S.GOMPERS

We got match with Z?lol Coach?lol

Gompers majority stuff is made in ASIA cheap slave labor

LOL

[S. Gompers]

Yes Ken, I know, they say it is good for America.