When Ever We See The Government Working Hard On Something, We Like To Drag Out Of The Closet The Good Old Governmental Flow Chart

| July 31, 2011

We couldn’t be more poetic if we tried…… scratch Pelosi from this chart and substitute Boehner, but it won’t change a thing!

Slow Learning Curve In Washington

| July 31, 2011

Slow learners……we’re talking about the government of course! They want banks to loan out more and consumer borrowing to pick up.  They still don’t get it! Household debt levels are at 112% of annual income which is considered too high. To get back to a 1990’s debt-to-income ratio’s of 84%, incomes would need to be nearly $4 trillion higher.  This would take about […]

Recovery….What Recovery?

| July 30, 2011

So much for the recovery.  Button up and stay alert.   Maintaining what one has will go to the fiscally fittest…… John Williams of Shadow Stats confirms the severity of the on coming double dip. – GDP Growth Slows Markedly – Official Downturn Much Deeper In Revision – Latest GDP No Longer Has Recovered Pre-Recession High – 2009 Annual […]

Fed Paper: U.S. Housing Likely In Trouble Until At Least 2014

| July 29, 2011

Better late then never…..looks like the government finally gets real on housing!  Research released Monday by William Hedberg, a San Francisco Fed research associate, and John Krainer, a senior economist, say housing weakness is likely to continue for years.  We’re now starting to see the government throw in the towel on trying to artificially save housing.  Supply and […]

Coming Out Of The Eye (Calm) Of The Storm

| July 29, 2011

Economically speaking, things slow before they reverse.  That looks to be what we are doing currently.  Whether we slow down more next year, then go off a cliff, or skip that part and fall off the cliff in the next six months will probably be a moot point. The U.S government is broke and not hiring new workers for the first time in our lives. In addition they’re […]

Please Excuse Our Missed Postings Of The Past Few Days, We Are Experiencing Technical Problems Which We Hope To Have Solved Soon……Thanks

| July 27, 2011

Apple Goes On A Rodent Killing Binge And Kills The Mouse

| July 21, 2011

Apple’s newest Lion software upgrade is laying in wait to test out the latest Mac book computer.  Bloomberg reviews the newest tech below! Apple says its newest operating system called Lion won’t need a mouse, that’s right, no mouse…..Lion, is the new version of the software that runs Apple Inc. (AAPL) s Macs and is also the first personal-computer operating system […]

Doubling Down On A Bad Hand

| July 21, 2011

Bad seats, hey buddy! Leaders of the Eurozone announced a huge new financial bailout package for Greece on Thursday, doubling up the amount of loans originally agreed upon ……The 17 EU nations that use the euro,  offered Athens $157 billion in new loans, a nearly identical aid package to last year.  

Rocks As Big As Diamonds….

| July 21, 2011

Treasury exits Chrysler bailout with $1.3-billion loss……declared it a success. The Chrysler Group bailout officially ended Thursday when the Treasury Department sold off its remaining stake in the automaker, and the final tally shows the taxpayers lost $1.3 billion.  The Treasury is unlikely to recover the remaining $1.3 billion. But Tim Massad, the Treasury assistant […]

So Easy Even A Dog Can Do It….Well Sort Of

| July 21, 2011

Medi is her name and Meditation is her game….Medi asks, now can I have my biscuit?  By definition the English word meditation is derived from the Latin meditatio, from a verb meditari, meaning “to think, contemplate, devise, ponder, meditate”. The subject gets even deeper but this will do for now. www.jsmineset.com

New Terror Report Warns of Insider Threat to U.S. Utilities

| July 20, 2011

ABC reports……. Sabotage by an insider at a major utility facility, including a chemical or oil refinery, could provide al Qaeda with its best opportunity for the kind of massive Sept. 11 anniversary attack Osama bin Laden was planning, according to U.S. officials. A new intelligence report from the Department of Homeland Security issued Tuesday, […]

Iran Says It Shot Down U.S. Drone…..

| July 20, 2011

Sounds plausible! Even a blind squirrel gets an acorn from time to time! A U.S. drone was shot down while flying over a nuclear facility in Iran, according to reports in the Iranian media.  The U.S. has no comment. More at: http://www.msnbc.msn.com/id/43819984/ns/world_news-mideast_n_africa/

The Year Was 1918

| July 20, 2011

A New House was….$4,800 Average Annual Income…..$1,100 One Gallon of Gas….8 cents Average New Car….$900 Loaf Of Bread….10 cents Coffee, One Pound….29 cents Corona Typewriter….$50.00  

Existing Home Sales Miss, Drop To Lowest Level Since November, Order Cancellations Surge

| July 20, 2011

It’s the new normal, and it’s going to be here a while….. NAR: With job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals….And proposals being considered in Washington could effectively put more restrictions on lending.  An unprecedented 16% cancelled contracts in June. According to the NAR, June existing home sales […]

The World We Live In Is Now Inter-Connected To The Rest Of The World Like Never Before

| July 19, 2011

Unlike back in the day when everything was East vs. West….the Soviets and China vs NATO and the United States, we are now interconnected to everywhere and everything.  There used to be an old saying, “One man’s pain is another man’s gain”, but now one man’s pain very well may end up being pain for all men (and […]

Can You Name This Tune….Nope, They All Sound About The Same

| July 18, 2011

Some opinions to be reckoned with…. it’s time to pay attention to the road everyone. From Reuters: Former U.S. Treasury Secretary Lawrence Summers explains….The European financial crisis has entered a new and far more dangerous phase. Where the crisis had been existential for small economies on the periphery of Europe but not systemically threatening to […]

Steve Wynn On Barack Obama: “This Administration Is The Greatest Wet Blanket To Business And Job Creation In My Lifetime”

| July 18, 2011

Steve Wynn is very wealthy and very smart.  When he talks, people tend to pay attention….no pun intended!  During the Wynn corporate earnings call, Steve Wynn gave without doubt the most blistering and scathing critique of the Obama administration by anybody yet, and he’s a Democrat. From the call transcript: I believe in Las Vegas, I think its best […]

Things That Could Go Bang, And Change The World

| July 17, 2011

War between Iran-Israel……CIA veteran Robert Baer, “I think we are looking into the abyss”……“there is a warning order inside the Pentagon” to prepare for war.  If this happens, envision Gold exploding along with Oil, while stock markets and economies around the World plunge.  It doesn’t take a rocket scientist to throw caution to the wind.  Naval update per […]

Sometimes The Best Ideas Are Also The Simplest…Fire Them All, Then Start Over With A New President And A New Congress

| July 15, 2011

President Barack Obama said deficit-cutting talks are running out of time, and dismissed the plan that House Republicans will promote as not serious. The House plans to vote July 19 to  increase the debt ceiling, but wants it tied to approval of a balanced-budget amendment. The Democrats have a back up proposal that would grant Obama authority to raise the debt limit in […]

The Republicans Favor Plan A, But The Democrats Are Working On Plan B

| July 14, 2011

A backup plan to cut the federal deficit and keep the U.S. government from default is now being discussed.  Things should get very interesting. Called plan B, it is taking shape in back room discussions between Senate Majority Leader Harry Reid (D., Nev.) and Republican leader Mitch McConnell (R., Ky.).  House Republicans are not happy about this. […]

Tic Tock…Tic Tock

| July 11, 2011

Government checks (handouts) are about to run out….. now what? According to Reuters: “Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics.” And what lies ahead could be a major and very significant crisis […]

“Welcome To The Recovery”

| July 11, 2011

“Welcome to the Recovery”…..oh yeah, that was a year ago.  Now it’s known as the new normal!  And wasn’t tech supposed to be immune from all of this? Just asking. Cisco is preparing to fire 10,000, or 14% of its entire work force, over and above the number of people that the company said was going to be […]

Come On Tim, Tell Us Something We Don’t Already Know

| July 10, 2011

So, the government admits 3 years later that we were headed for another great depression back in 2008…Can’t expect them to be honest with us now.  Looks like a lot of unfinished business lies dead ahead.  Just a heads up! WASHINGTON (AP) — Treasury Secretary Timothy Geithner (GYT’-nur) says many Americans will face hard times for a long time to come. He […]

The Fall Of The European Dominoes…Italy And Spain Next Up

| July 10, 2011

Greece is a lost cause.  Next up is either Italy or Spain.  Both the Dollar and the Euro currencies are in trouble.  The last man standing looks to be Gold. From the NY Times…… LONDON — Top European officials planned to meet on Monday to wrestle with threats to the currency union as fears mounted […]

Pirates Of The Online Variety

| July 8, 2011

You only get 3 strikes in baseball…..   Online Piracy – Six Strikes and You Are Out   Those of us that live in California have heard about the Three Strikes law. But, have you heard about the Six Strikes Plan created by U.S. Internet Service Providers? Online pirates who persist in sharing copyrighted music, […]

It’s “Elementary, My Dear Watson”

| July 8, 2011

It’s “elementary, my dear Watson”…..Follow the floating balls in the chart below, the bigger the ball, the worse the debt/GDP situation is for that country. When it comes to the stability of the European dominoes, let’s think for a moment about Italy, which is not only the second worst country in Europe after Greece on a […]

Labor Force Participation Rate Drops To 25 Year Low: 64.1%

| July 8, 2011

These ratios are looking terrible.  How can anyone expect the economy or real estate for that matter to turn with these kinds of numbers.  Or, are we just being too logical here?  Baby boomers are screwed.  Plain and simple. The civilian labor force has declined to 64.1%.   The employment to population ratio also slumped to a multi decade […]

A Different Way To Look At Unemployment

| July 8, 2011

So…….here we go with one of the very big problems in our economy.  The government continues to say that we’re in a recovery, but it’s really just a hallucination.  We”re being kind when we say that!  Draw your own conclusions. The number of people not in the labor force who want a job now surged to a fresh all time high […]

Jobs Report Looks Punk…Bad Seats, Hey Buddy!

| July 8, 2011

Should we be surprised? The U.S. economy barely added jobs in June and the unemployment rate rose to the highest level this year.  To make matters worse,  the birth/death adjustment was responsible for over 50% of the job payroll gains over the last 12 months!   And everybody thought we were just kidding when we said “bad seats, […]

We Wouldn’t Have Believed It …If We Hadn’t Seen It

| July 7, 2011

This is ultra high tech….a 3 D printer that actually makes (literally builds) a copy of the item desired….in the case of the example below, it replicated a wrench.  OMG…unbelievable! 3D printing is a form of additive manufacturing technology where a three dimensional object is created by laying down successive layers of material. 3D printers […]

Makes Total Sense….Really, It Does!

| July 6, 2011

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The Mortgage Bankers Association Takes Down Numbers

| July 6, 2011

Hmm, let’s see…..the Mortgage Bankers Association (village idiots) back in January targeted  $616 billion in new lending from mortgage loans covering the 2011 calendar year. It was a nice try but a stab in the dark.  Guess what?  They just gutted that number…yep, down she goes, so now they expect it to come in around $432 billion for 2011.  The village idiots were only off by […]

What If It Was True….Dream On My Friend! It’s All Spin

| July 6, 2011

This from the great Art Cashin on the floor of the New York Stock Exchange……Art digs into this subject headline.  “Borrowing by small U.S. businesses rose at a record pace in May”, according to data, a sign that economic growth is poised to pick up in coming months…..the insinuation is that the government and big […]

Consumer Loans Rebound, But….

| July 5, 2011

Worry warts……from our shoes,  we have never seen more shoppers out and about then on this Fourth of July weekend…..never.  Spend now….worry later is the name of the game!  Plain and simple. But in a Bloomberg Television interview with Carol Massar,  Stephen Roach of  Morgan Stanley said  “What I worry about now is we are creating a whole new generation […]

An Interesting View

| July 5, 2011

Here’s a heads up on the United States debt debacle…….word has come from Washington that President Obama will use the 14th amendment to declare the debt limit as unconstitutional, if need be.  Rock and Roll!  On the other hand, it may be unconstitutional to call the 14th amendment unconstitutional, if you get our drift. James […]

Happy Independence Day And Fourth Of July To All Americans

| July 4, 2011

Today commemorates the day of the Declaration of Independence for the United States Of America.  It was on this day, July 4, 1776 that the United States declared its independence from the Kingdom of Great Britain.  It is also known as …..The Fourth of July,  The Glorious Fourth and The Fourth and is a federal holiday in the United States.   From […]

The Worlds Best Selling Wine…..Can Anybody Guess It’s Name And Exclusive Retailer

| July 3, 2011

Should be a surprise, bet nobody guessed it. Charles Shaw is the name of the best selling wine in the world and it’s priced at $1.99 per bottle.  It’s called Two Buck Chuck (Cabernet Sauvignon, White Zinfandel, Merlot, Chardonnay, and Sauvignon Blanc), and is sold exclusively by Trader Joe’s stores in the U.S., but recently also in Australia.  […]

Warren Buffett’s Investing Partner For 46 Years Has A Final Few Words Of Wisdom And (Disgust Towards Banks)

| July 3, 2011

Charlie Munger, billionaire Warren Buffett’s vice chairman of Berkshire Hathaway, imparts his  wisdom at the final Wesco annual shareholders meeting in Pasadena, California.  Berkshire now owns Wesco. In business and in personal affairs, be patient but aggressive when you know what you want, Munger advised. He also stressed the importance of continuous learning. His current field of study: Astrophysics. […]

A Record 44.7 Million People Will Collect Food Stamps This Month

| July 1, 2011

Records are made to be broken, especially in the foodstamp program! The USDA,  just released an updade of April participation numbrs in the Supplemental Nutrition Assistance Program (SNAP), better known as  the “foodstamps” program, and it showed another record, of 44.647 million people, an increase from May’s 44.587 million. www.zerohedge.com

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