Wisconsin Senate Fails Vote…State In Chaos

| February 18, 2011

OK, let’s look at the options, the State of Wisconsin is broke,  and the Democrats and Republicans can’t agree on needed changes of things that were agreed to at a different time and under quite different circumstances 50 years ago.  A state isn’t like a federal government in that it can’t print its own money, therefore they either do […]

You All Know The Drill….A Picture Is Worth A Thousand Words! In This Case, We Have A Picture That Even A Kindergardener Will Understand…Well, Then Again Maybe Not!

| February 17, 2011

A quick look at the second chart below shows why (interest on debt) the yellow area, is a sledge hammer to an economy.  http://jessescrossroadscafe.blogspot.com/

USC Transplants Kidney Into Wrong Person…Inquiring Minds Wonder, Well You Know What We’re Wondering

| February 17, 2011

University of Southern California USC Hospital shut down its kidney transplant program last month after a kidney was accidentally transplanted into the wrong patient, according to a spokesman for the program that coordinates organ transplants in Los Angeles. In a statement, the hospital confirmed that it had temporarily and voluntarily halted transplants Jan. 29 after a […]

Could This Really Happen?

| February 17, 2011

Ok…We Believe You! Do The Democrats?     Talk Of Government Shutdown Increases   House Speaker John Boehner says he will not support a stopgap measure to continue funding the government at current levels — a solution that would give the House and Senate more time to resolve differences before funding dries up March 4.   When […]

Bernanke: I’ll Say It One More Time, Inflation Is Not A Problem (Currently)!

| February 17, 2011

Uh, Ok Chief…..What ever you say.  Here’s a list of things that are not, repeat…are not a problem.    Our math must be a little sideways though, because just looking at the figures below seem to indicate that we (currently) look to have a BIG problem.     January 2009 TODAY % chg Source Avg. […]

What Makes Up 57% Of The U.S. Budget……

| February 17, 2011

Medicare, Medicaid and Social Security programs have ballooned to 57 percent of the government budget this year and are widely cited as the most significant contributors to the federal deficit.  By the way, this is something nearly all Americans want to see aggressively brought under control. But….Fifty-six percent of Americans oppose changes to Medicare benefits and 64 […]

NASA: Huge Solar Flare Jams Radio, Satellite Signals

| February 17, 2011

A powerful solar eruption that triggered a huge geomagnetic storm has disturbed radio communications and could disrupt electrical power grids, radio and satellite communication in the next days, NASA said.    A strong wave of charged plasma particles emanating from the Jupiter-sized sun spot, the most powerful seen in four years, has already disrupted radio […]

Chaos In Wisconsin Over Cuts To State Workers

| February 17, 2011

An estimated 25,000 protesters showed up for this vote in Wisconsin….So is it a surprise that the workers don’t want to give up anything…No!  It’s really the fault of the morons that negotiated these contracts for the state that, they are at fault.  Obviously none of them ever passed a basic math class in college or this […]

Saying It Like It Is!

| February 17, 2011

”Life’s tough pilgrim, and it’s even tougher if you’re stupid.”  — John Wayne

Cumberland Advisors: Khamsin

| February 17, 2011

We’ve been talking about this for a while….Rapidly rising food prices triggered the latest round of civil disorder around the world, as it did the first round during 2008.  The picture may get bleaker over the next few years. Cumberland Advisors Khamsin February, 17, 2011 “This is not just a warm wind, but a dust-laden, suffocating […]

Things Are Heating Up…No Pun Intended

| February 16, 2011

LOS ANGELES (CBS)….After years of relative quiet on our nearest star, activity has picked up as of late, resulting in a solar flare that marks the strongest since 2006. After the initial blast of radiation accompanying the coronal mass ejection (CME) — the first of its magnitude to occur in the new solar cycle of […]

In The Dumpster

| February 16, 2011

Mortgage Refinance Demand Lowest Since Summer of 2009…..This should be a sign to the wise. 02-16-2011 Mortgage application volume slipped 9.5 percent on a seasonally adjusted basis during the week ending February 11, according to the latest weekly survey from the Mortgage Bankers Association. On an unadjusted basis, the home loan application index was off […]

Anti-Gadhafi Protests In Libya

| February 16, 2011

Libya may be next to go…….demonstrations that swept away the Tunisian and Egyptian ­presidents now target Libya, the oil-exporting north African country ruled by Muammer Gaddafi since 1969. A succession of rallies and demonstrations, in Egypt, Jordan, Yemen, Algeria, Bahrain and Iran have been inspired directly by the popular outpouring of anger that toppled Tunisian President Zine al-Abidine […]

Iran Sending Warships Through The Suez Canal For First Time Since 1979

| February 16, 2011

Tension is rapidly building in the Mid East.  JERUSALEM—Iran is sending two warships through the Suez Canal en route to Syria, Israel’s foreign minister said Wednesday, calling the act a “provocation” that Israel cannot ignore. The Iranian plan described by Foreign Minister Avigdor Lieberman would take the warships past Israel’s coast. While it would pose no significant […]

The Collapse of America’s Labor Force

| February 16, 2011

This review does a good job explaining the U.S. Government “ statistical magic” used in unemployment statistics.  We can also call it Vodoo Economics. Benson’s Economic & Market Trends By: Richard Benson, SFGroup America continues to face a true national tragedy as tens of millions of unemployed people have been literally discarded because of big business […]

Wholesale Prices Roar To A Two-Year High

| February 16, 2011

Producer prices in the U.S. climbed during January to their highest point in more than two years. And to think, the government says we have no inflation problem!   “We do not now have a problem…. Inflation made here in the US is very, very low”– Federal Reserve Chairman Ben S. Bernanke, February 10, 2011   […]

Clif Droke Reviews Where We Are In The Kress Cycle….

| February 15, 2011

This is a must read for everybody.  It’s an outline of the future.  It doesn’t have to be right, but a good plan is better then a bad plan and any plan is better then no plan.  Crisis High In 2011 By: Clif Droke   Posted Tuesday, 15 February 2011After two years of issuing “sell” ratings on equities and […]

Banks Want Home Buyers To Actually Put Down (More) Cash

| February 15, 2011

This was a no brain’er, sooner or later you just knew the banks were going to want a larger down payment on the purchase of a house.  How novel to think it might improve delinquencies….Inquiring minds say Duh.  By S. MITRA KALITA    (From The Wall Street Journal) The down payments demanded by banks to buy homes have ballooned […]

Iran Police Disperse Tens Of Thousands Of Tehran Protesters

| February 14, 2011

The list grows….Algeria riots yesterday, Bahrain earlier today, and Iran now.  It’s a rapidly deteriorating situation in Tehran, where protesters are chanting ‘Death to Khamenei.’  AP:   “Clashes between Iranian police and tens of thousands of protesters wrecked central Tehran on Monday as security forces beat and fired tear gas at opposition supporters hoping to evoke Egypt’s […]

Stratfor: Egypt: The Distance Between Enthusiasm And Reality

| February 14, 2011

By George Friedman | February 14, 2011 On Feb. 11, Egyptian President Hosni Mubarak resigned. A military council was named to govern in his place. On Feb. 11-12, the crowds that had gathered in Tahrir Square celebrated Mubarak’s fall and the triumph of democracy in Egypt. On Feb. 13, the military council abolished the constitution […]

Algeria Next Up?

| February 14, 2011

Will the growing vacuum in power be filled by the Brotherhood? That’s the big risk here! Algeria shuts down internet and Facebook as protest mounts……. Internet providers were shut down and Facebook accounts deleted across Algeria on Saturday as thousands of pro-democracy demonstrators were arrested in violent street demonstrations. By Nabila Ramdani Plastic bullets and […]

Cumberland Associates: Personal Observations About Egypt By Peter Alois

| February 14, 2011

Good read here, it’s a tough and dangrous new world in the Mideast….. February 14, 2011 Peter Alois is a director of the Global Interdependence Center and one of my colleagues there.  He is retired from the Commercial Service of the U.S. Department of Commerce, where he had many years of experience posted in the Middle East.  […]

Chaos In The Mideast As Unrest Spreads

| February 13, 2011

Anyone that thinks the problems are over in the Mideast had better rethink things.  Egypt is but one match in a box full of match sticks. Cairo, Egypt (CNN)— Egypt’s military dissolved the country’s Parliament and suspended its constitution Sunday following the ouster of longtime leader Hosni Mubarak, telling Egyptians it would be in charge […]

Gallup Daily: U.S. Unemployment Is 10.3% Unadjusted And Under Employment is 19.7% Unadjusted

| February 12, 2011

Gallup result is based on a 30-day rolling average; unlike the U.S. governments seasonal adjustment……   Gallup’s U.S. employment measures report the percentage of U.S. adults in the workforce, ages 18 and older, who are underemployed and unemployed, without seasonal adjustment. “Underemployed” respondents are employed part time, but want to work full time, or they are unemployed. […]

The U.S. CPI Looks Like A Rig Job Here….We Think A New Formula Might Be In Order

| February 11, 2011

Look at the chart below, who is that at the far end with the smallest food component percentage in the overall CPI….Yep, good old Uncle Sam.  Here we go again, looks like the same dumb bozos that put together our budget deficits,  must have designed the current CPI formula!  Math 101 should be a requirement for […]

Here Is The Governments Idea Of How To Fix The Housing Market

| February 11, 2011

This had better be good, being that the baby boomers will be sellers and the youngsters are broke! The Obama administration unveiled a proposal Friday for winding down mortgage giants Fannie Mae and Freddie Mac, spelling out three options for what could take their place and setting the stage for a debate over the nation’s […]

Not So Fast Big Guy…Where Do You Think You’re Going With All That Money!

| February 11, 2011

Al Arabiya reported that the Swiss foreign ministry has announced that all of Mubarak’s assets have been frozen by Switzerland. From Reuters: Switzerland has frozen assets possibly belonging to Hosni Mubarak, who stepped down as president of Egypt on Friday after 30 years of rule, a spokesman for the foreign ministry said. “I can confirm […]

Stratfor Red Alert: Mubarak Resigns, Military Is In Charge

| February 11, 2011

  February 11, 2011 Egyptian Vice President Omar Suleiman delivered the following statement Feb. 11: “In the name of God the merciful, the compassionate, citizens, during these very difficult circumstances Egypt is going through, President Hosni Mubarak has decided to step down from the office of president of the republic and has charged the high […]

Real Estate Rates Plowing Higher, Above 5%

| February 10, 2011

Real Estate mortgage rates heading the wrong way……. U.S. 30-year mortgage rates have jumped above 5% for the first time since last spring, in a rapid rise that could present a challenge to the still-troubled housing market. The average rate on 30-year fixed-rate mortgages climbed to 5.05% in the week ended Thursday, according to a […]

More From Dallas Fed President Richard Fisher

| February 10, 2011

From Art Cashin on the floor of The New York Stock Exchange Deserving A Second Look – On Tuesday, Richard Fisher, President of the Dallas Fed spoke.  The speech drew headlines on Mr. Fisher’s contention that he would be hard pressed not to dissent on any extension or expansion of QE2. It was suggested that […]

Stratfor Alert: The Egyptian Military’s Options

| February 10, 2011

February 10, 2011 The decision by Egyptian President Hosni Mubarak not to resign seems to have shocked both the Egyptian military and Washington. CIA Director Leon Panetta spoke earlier as if his resignation was assured and a resolution to the crisis was guaranteed. Sources in Cairo spoke the same way. How the deal came apart, […]

Recovery….Uh,What Recovery?

| February 10, 2011

Here is a chart of the total number of employed Americans over the past ten years.  Hmm, we heard there was a recovery going on….must have some wax in the ears, come again on that? Read more: http://www.businessinsider.com/when-recoverys-just-a-word-2011-2#ixzz1DbQLn3y6

Oklahoma Cold Snap Sets New Records

| February 10, 2011

BARTLESVILLE, Okla. – A record amount of snow has fallen across Oklahoma while temperatures across the state Thursday morning were lower than North Pole, which was a balmy 16 degrees. In Bartlesville, the National Weather Service recorded the temperature reaching -28 degrees below 0, setting an all-time city record. The Oklahoma Mesonet released a statement […]

Pirates Of The….Indian Ocean

| February 9, 2011

A tanker with $200 million in oil is hijacked off Oman  as Piracy spins out of control on the Indian Ocean’ shipping lanes….The hijacking came a day after an Italian tanker carrying oil worth more than $60 million was snatched by Somali pirates. LONDON/ATHENS — Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of […]

Turn Out The Lights….The Party Is Over For State And Local Government Spending

| February 9, 2011

This title wave will hit just as the federal stimulus money runs out! Question: So, where is the money going to come from to support all of the broke states?  Answer: It’s going to come from you and me, one way or another! New Jersey rating cut while Arizona outlook negative….. SAN FRANCISCO (Reuters) – […]

What Caused The Economic Meltdown In 2008-09….If You Said Housing Subprime Lending And Derivatives, You Get A Gold Star!

| February 9, 2011

According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION.  Yep, that’s T as in Trillions! Five banks account for 95% of this. Can you guess […]

The Dance Of The Strandbeests

| February 9, 2011

Amazing! http://www.talkingscience.org/2011/01/the-dance-of-the-strandbeests/

Inquiring Minds Want To Know…What Will These Numbers Be By 2014

| February 8, 2011

Pimco’s El El-Erian… U.S. In Denial Of The New Normal

| February 8, 2011

The following is part of an interview of Pimco’s El-Erain by Germany’s SPIEGEL . Here are a few of his key points…… In 2006 we undertook a very comprehensive U.S. housing study and we said this housing market is very unstable and investors should reduce their exposure and manage risk better. Nothing happened in 2006, and nothing happened […]

The Suez Canal, Egypt

| February 8, 2011

The Suez Canal is a global chokepoint and passage for goods in todays world.  What that means is….. news of Suez Canal workers going on strike won’t help the situation in Egypt or the World for that matter!. Nomura has a great map showing just exactly what that means.  This map shows it’s  the dominant route for goods from Asia […]

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