Top Ten Oil Consumers Of The World…..Nothing Surprising Here

| September 30, 2009

The History Of Golf…..Kind Of

| September 28, 2009

Quote Of The Day…..

| September 27, 2009

“I hope I shall possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an honest man.”                                                      George Washington                        

Quote Of The Day…….

| September 24, 2009

“Don’t worry when you are not recognized, but strive to be worthy of recognition.”                               Abraham Lincoln

Paul Volcker Unleashes Another Volley On The Wizards Of Wall Street

| September 24, 2009

Volcker Unleashes Volley By Larry Doyle|Sep 24, 2009, 1:00 PM I find it interesting, but not surprising, that former Fed Chair Paul Volcker’s testimony to Congress this morning has received little to no coverage by major media outlets. Why? With few exceptions, the financial media plays along with the financial industry which pays the bills […]

Quote Of The Day….

| September 23, 2009

 “I am one of those who do not believe that a national debt is a national  blessing, but rather a curse to a republic; inasmuch as it is calculated to  raise around the administration a moneyed aristocracy dangerous to the  liberties of the country.” — Andrew Jackson (1767-1845) 7th US President  

Anyone Ever Seen One Of These Before?

| September 23, 2009

U.S.S. Independence (LCS-2)  …….We’ve been hearing rumblings about these U.S. Navy triple-hulled ships, so here’s one that was launched recently….Build by General Dynamics, it’s called a “Littoral Combat Ship” (LCS), and it can move weapons around faster than any ship in the Navy.  Littoral means close to shore, and that’s where these fleet-hulled ships will […]

Just The Facts Please……………….

| September 22, 2009

Charts thank to …. www.ingerletter.com

World Gold Holdings And One Reason For A Lower Dollar………………

| September 22, 2009

Hmm…..Those Curves In The Road Sure Do Come Up On You Fast, I Didn’t Even See A Sign, And I Know It Wasn’t On My Map

| September 21, 2009

From  jsmineset.com

This Just In From Jim Sinclair, The Most Successful Commodity Metals Trader Of All Time………………..

| September 21, 2009

China, Russia and the rest of the BRICs will bring the Super Sovereign Currency alternative to the G20 discussion. We have seen that developing over the last few weeks. We know that the main thrust of the G20 where the West is concerned is banking regulations and a unified commitment not to withdraw from anti-deflationary, […]

“Payment Option ARMs Mortgages Are About To Explode,”

| September 18, 2009

“Option” Mortgages To Explode   Thu Sep 17, 2009 By Lisa Lambert WASHINGTON (Reuters) – The federal government and states are girding themselves for the next foreclosure crisis in the country’s housing downturn: payment option adjustable rate mortgages that are beginning to reset. “Payment option ARMs are about to explode,” Iowa Attorney General Tom Miller […]

BlackRock’s Fink Says Obama Rules Threaten Home Loan Markets

| September 18, 2009

So, the banks are told to re write first mortgages, and write off home equity loans and second trust deeds. It sounds like they are doing that, unless the servicier is also the provider of the second (the 4 largest servicers are BofA, JP Morgan, Wells Fargo and Citi)…..in which case they ask (demand) the homeowner to acept new terms on the home equity and second trust deeds or they won’t rewrite the first morgages. This then allows the servicing bank to show the home equity and seconds as performing loans and they then don’t have to show the write off on their books…. Thieve’in Banks…….Thats what we have here.

Mad As Hell About Bankers And Wall Street Pay…….

| September 18, 2009

How Does Your Wealth Stand Up To The Averages………

| September 18, 2009

Total houehold wealth is up 3.9% April through June 2009, but  is still down by 19% from the high reached back in the third quarter of 2007.  To put things into another perspective, just do tthe math on the next chart from 2007.  To do the math….hint, we are subtracting  the 19% loss that we’ve had since the third quarter 2007  from […]

FDIC Insurance Funds Are Running Out………….

| September 17, 2009

The Bloomberg Professional Confidence Index Shows Global Economy Is Trending To The Upside……

| September 16, 2009

The Bloomberg Professional Confidence Index Global Economy is comprised of responses about the outlook for the global economy, from users globally. A value above 50 indicates a positive sentiment about the global economy from all Bloomberg respondents

Tell Tale Signs Of Things Slowly Getting Better…………

| September 16, 2009

Poverty Top 10 Cities In The United States……….

| September 13, 2009

City, State, % of People Below the Poverty Level 1. Detroit , MI 32.5% 2. Buffalo , NY 29.9% 3. Cincinnati , OH 27.8% 4. Cleveland , OH 27.0% 5. Miami , FL 26.9% 5. St. Louis , MO 26.8% 7. El Paso , TX 26.4% 8. Milwaukee , WI 26.2% 9. Philadelphia , PA 25.1% […]

Hmm……We’ve Seen This Chart Before, Haven’t We……….

| September 13, 2009

New Study From Stanford University On Stem Cells From Human Fat………

| September 11, 2009

                          Human Fat Yields Multipurpose Potent Stem Cells Human fat from liposuctions can be converted to induced pluripotent stem cells These cells have the potential to become any tissue in the body Less than half a Coke can’s worth of fat needed for process, researcher says By Elizabeth Landau CNN (CNN) — You know that […]

Hmm…….A Family Of 4 Living On Less Then $22,025 Per Year……Is The U.S. Government Serious

| September 11, 2009

“What exactly is ‘poverty’ to the US government? The equivalent of a family of four living on an annual budget of $22,025 or less.

This Just Proves A Really Bad Year Can Happen To Anyone…….

| September 10, 2009

Harvard Investments Lose 27.3% By Gillian Wee Sept. 10 (Bloomberg) — Harvard University, the wealthiest U.S. school, said its investments fell 27.3 percent in the past year, a $10.1 billion loss that was smaller than President Drew Faust’s forecast in December before markets started to recover. The endowment declined to $26 billion from $36.9 billion […]

A Picture ( IN This Case 2) Is Worth A Thousand Words

| September 9, 2009

The Chart Below Shows Just How Fast Income Taxes Are Falling…….Are The Economists Paying Attention

| September 5, 2009

States, counties, and cities are having to make deep cuts, in both jobs and programs. Today’s Wall Street Journal talks about the cuts in state after state. States cannot print money like the US can, so at some point they have to either raise taxes or cut spending to balance their budgets. Raising taxes just […]

Hmm……Rising Wages-Federal Government Workers Lead The Way

| September 5, 2009

Interesting statistic. Want to know where wages are rising? Think federal government workers. The gap between civilian and government workers was less than $13,000 nine years ago, but now is almost $30,000. Inflation has been 24%, but government wages are up 55%. According to a recent release from Rasmussen Reports, a government job remains “the […]

“We’ve Always Done It Like That” Ring Any Bells …………..

| September 4, 2009

A History Lesson On Railroads And Other Things……….     Does the statement, ‘We’ve always done it like that’ ring any bells? The US standard railroad gauge (distance between the rails) is 4 feet, 8.5 inches. That’s an exceedingly odd number. Why was that gauge used? Because that’s the way they built them in England, and English expatriates […]

Pace Of Delinquencies For Prime Borrowers Exploding Higher……………

| September 3, 2009

More Pain Felt by ‘Prime’Borrowers By ROBIN SIDEL SEPTEMBER 4, 2009 The long recession and rising joblessness are taking an increasing toll on the nation’s most credit-worthy borrowers, who are now falling behind on their mortgage and credit-card payments at a faster pace than people with poor financial histories. The mortgage-delinquency rate among so-called subprime […]

Natural Gas Prices Crash And Burn………

| September 3, 2009

Natural Gas Tumbles to Lowest Since March 2002 on Supply Gain By Reg Curren Sept. 3 (Bloomberg) — Natural gas futures extended a decline in New York, falling to the lowest level since March 2002, after a government report showed stockpiles expanded more than average to a record for this time of year. Supplies rose […]

Giant New U. S. Oil Find In Gulf…..The Tiber Prospect In The Gulf Of Mexico May Contain More Than 3 Billion Barrels of Oil

| September 2, 2009

BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico By Eduard Gismatullin Sept. 2 (Bloomberg) — BP Plc, Europe’s second-largest oil company, reported a “giant” discovery at the Tiber Prospect in the Gulf of Mexico that may contain more than 3 billion barrels, after drilling the world’s deepest exploration well. The well is located about […]

Sometimes A Picture Is Worth A Thousand Words…………

| September 1, 2009

  Sheila Bair  was very candid about commercial defaults being more of a driver of lots of bank failures this Fall. This is precisely the type of issue we’ve been concerned of. The references some are making about the ‘stress tests’ being feather tests of banks, is something we’ve argued all along; based on ridiculous […]

A Chinese Default On OTC Derivitives Would Send Markets Into A Spiro Downward…

| September 1, 2009

China Warns Banks on OTC Hedge Defaults -Report BEIJING, Aug 29 (Reuters) – Chinese state-owned enterprises (SOEs) may unilaterally terminate derivative contracts with six foreign banks that provide over-the-counter commodity hedging services, a leading financial magazine said. China’s SOE regulator, the State-owned Assets Supervision and Administration Commission (SASAC), had told the financial institutions that SOEs […]

Bill Gross of PIMCO Says Housing New Normal Is Lower From Here…….

| September 1, 2009

Housing Won’t Lead U.S. Out of Recession, Gross Says By Susanne Walker Sept. 1 (Bloomberg) — Housing won’t lead the U.S. out of its recession, Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., wrote in his September investment outlook. There has been a significant break in the traditional economic […]

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