The 10 Biggest Bankruptcies Ever…Time To Change The Standings, The New Number 8 On The List Is?

| October 31, 2011

MF Global goes Chapter 11……breaks into the top ten standings! Here we go…MF Global, the brokerage run by former Goldman Sachs chief Jon Corzine, today filed for bankruptcy protection, becoming the highest-profile U.S. victim (that we know, so far) of bad bets on European government debt. With the Chapter 11 filing, MF Global also is likely […]

Daylight Savings For 2011 Ends November 6

| October 30, 2011

Clocks are scheduled to be set back one hour starting on November 6, 2011….. The end of Daylight Saving Time this year is scheduled for Sunday, November 6.  Though individuals may see their biological clocks reset, and will get an “extra hour” of sleep or rest over the weekend, researchers say that the stress caused by time changes can […]

Interesting Answer To An Even More Interesting Question

| October 29, 2011

Question: Can you guess the amount of money spent for food prepared at home and the amount spent on eating out? Answer: 52% is spent on food prepared at home,  and 48% is purchased and eaten onsite or taken home. Half of what we eat is “out”. It’s an oddly high number. Behind this almost 50-50 ratio is, no […]


| October 29, 2011

Looks like eating out is a growth business…hmm! The “eat out” numbers fell in 2009. But they recovered in 10’ and are headed higher again in 11’. We had recession. A big one. But consumers barely batted an eye. It’s a surprisng result.

GDP Numbers Don’t Always Tell The Story…

| October 28, 2011

Yesterday, the U.S. GDP for the third quarter of 2011 unexpectedly surprised to the upside at +2.5% vs +.7% in the second quarter…. You’re not alone wondering how it was possible for Q three GDP to post such a substantial improvement driven by mostly a surge in Personal Consumption expenditures?   Well, so do we!  Looks to us like it was at the […]

Forty Percent Of Student Loan Holders Now Can’t Make Monthly Payments

| October 27, 2011

Americans have about $950 billion in student loans, and it’s more than all other credit-card debt totals…so the one thing’s for sure, this problem isn’t  getting better until the economy does! The weight of those IOUs is a frequent refrain for Occupy Wall Street protestors and their online supporters. On the “We Are the 99 Percent” Tumblr blog, […]

We’re Not Surprised…

| October 25, 2011

In a recent poll, 89% of Americans say they distrust government to do the right thing, 74% say the country is on the wrong track and 84% disapprove of Congress, Democrats and Republicans alike. Also… On Tuesday, the Congressional Budget Office released a new study concluding that income distribution had become much more uneven in […]

Here Are Positives Set To Happen For The U.S. By 2017

| October 24, 2011

This all makes sense…and we agree, but the problems at hand need to be dealt with first. At some point going forward the tables will turn, and “Made in America, Again” will begin a new!  The groundwork is being set now.  Best guess….things could get rolling by 2016-2017! The “shale gas revolution”  has turned America into the world’s […]

Bubbles…Here And There And Everywhere

| October 23, 2011

We’ve all heard about what’s going on in Greece…but this bubble chart will help explain how other countries in Europe compare.

Steve Wynn With Another Epic Anti-Obama Rant

| October 19, 2011

We think most everyone respects Steve Wynn, the famous Las Vegas developer…but maybe even more so now!  Here anew are Steve Wynn’s own words on Prsident Obama, “You cannot sustain these deficits, you cannot undercut the people that form the jobs and create the employment in this country.  Now, that is simply a statement of fact. It isn’t a partisan political pitch.”  “It’s […]

Where (Location) Are The Top Income Earners In The U.S.?…How Many Of You Guessed Washington D.C.

| October 19, 2011

Yep…It takes a lot of lawyers and money to tie knots in a political system like ours (and this is home to the nation’s greatest concentration of lawyers) …sounds like the protesters should be headed for Washington D.C. in short order. Total compensation for federal workers, including health care and other benefits, last year averaged $126,369.  “There’s a […]

Democratic Billionaire Mortimer Zuckerman Says President Obama Is A Big Disappointment

| October 18, 2011

Mort Zuckerman has for years owned U.S. News and World Report Magazine. He says in 1986 its Moscow correspondent Nicholas Daniloff was seized without warning by the KGB. Mr. Zuckerman immediately flew to Russia but returned home when Soviet officials refused to release their new prisoner. “I worked in the White House for the next four weeks […]

So Just How Did This Mess All Happen?

| October 17, 2011

The federal government started this whole mess, not on purpose, but it doesn’t matter at this point…the bottom line is that middle class America (the working stiff’s) still have no clue as to what’s going on, that’s why the demonstrations around the country…. The press talks about how the rich got richer. Here’s The Washington Post: […]

Middle East On Edge…And, How To Fix America’s Lost Prosperity

| October 17, 2011

Some fresh perspectives from Gene Inger….Security wise the giant U.S. Air Force’s supply and logistics’ exercise in the Middle East is an early ‘stronger’ initiative from Leon Pannetta (our new Defense Secretary). And, as to the demonstrations around the country,  the key to prosperity: a) bring back American industry (‘buy Made in the U.S.A.’ does make […]

Austerity Myth…Oh Where, Oh Where Did It Go!

| October 17, 2011

Ugh, what happened to the austerity cuts?  Hmm… data released by the Treasury Department on Friday show that, so far, there haven’t been any spending cuts at all. In the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show. That’s an increase of […]

Time For A New Political Party…Both The Democrats And The Republicans Fail To Get It!

| October 17, 2011

It’s not the end of the world,  but “It’s the end of the world as we know it”…. R.E.M.   AWA Americans With An Attitude Bob Moriarty Oct 17, 2011 It doesn’t take long to overthrow a government. Algeria took a couple of months, Egypt took only three weeks. As of now, the Occupy Wall […]

Robert Reich – The Reawakening Of America

| October 16, 2011

Let’s look at the thoughts of Robert Reich’s mission and not worry about it being Democratic or Republican…because as he explains things, it makes a lot of sense…. as for us at, well remember we’re just the messenger! Robert Reich: “Look at the Progressive reforms between 1900 and 1916; the New Deal of the 1930s; the […]

The Ten Poorest Cities In America

| October 16, 2011

 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 […]

Walmart Vs. Everybody Else

| October 16, 2011

Here’s why the grocery stores are ca put!  They are uncompetitive on price…and guess what matters most in a recession?  Wal-Mart now sells more food than Kroger (Ralph’s) and Safeway (Von’s) combined, and keep in mind they did this in only fifteen years.  Wal-Mart now sells more food than any other store in the world.

Occupy Wall Street: What’s Really Going On?

| October 16, 2011

This sums it up….and as most know,  we ‘ve been warning of this for a while here at . It doesn’t take a rocket scientist to understand what’s going on.  It’s elementary my Dear Watson! The main problems that have led to the protests are quite obvious: a pronounced inequality in the distribution of economic […]

The Highly Credentialed Jim Rickards Speaks Out…Maybe Da Boys Should Listen!

| October 15, 2011

What we have here is a warning shot over the bow; to the government, the mega rich and the elite…are they listening or in denial? Hello, Hello? “So, you can laugh at or disparage the demonstrators all you want. You can call them spoiled, silly or sophomoric. You can single out the fringe and think it’s representative of the whole. But […]

Interesting Tidbits About The U.S. Dollar

| October 13, 2011

The $2 bill first originated on June 25, 1776, when the Continental Congress authorized issuance of the $2 denominations in “bills of credit for the defense of America.” And guess what, the $2 dollar bill is still made (just ask your bank to order you some) and the reverse side has a history lesson showing the […]

Some Staggering Statistics You Should Know!

| October 13, 2011

Food for deep thought…these are staggering! State and local government debt has reached an all-time high of 22 percent of U.S. GDP. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. According to a new study conducted by the BlackRock Investment Institute, the ratio of […]

So Which Is It? Hmm

| October 13, 2011

“A conflict exists between competing certainties: Between followers of Faith, who know because they believe, and followers of Reason, who believe because they know” 

How Poetic, Little Did Mark Twain Know How Timeless His Quote Would Be!

| October 13, 2011

“Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself” ~ Mark Twain

Howard Buffett: On ‘Class Warfare’ …The Disparity Has Never, Repeat Never Been Greater Between Rich and Poor.

| October 12, 2011

Warren Buffett’s son Howard speaks his mind…on class warfare, the disparity has never been greater.  The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States. From Bloomberg: Howard Buffett, the […]

Shipping Volumes Are Plunging…Other Then 2009 This Is Unprecedented

| October 12, 2011

Remember one thing…when people are broke, they have nothing to lose.  The “system” as we have known it, is going down.  There is a reason for the protests going on around the world.  Politicians and corporate America, need to get real. We are in the early stages of a huge class war – the rich vs. […]

A Little Chit Chat At COMDEX…Hmm

| October 11, 2011

At a recent computer expo (COMDEX), Bill Gates reportedly compared the computer industry with the auto industry and stated:‘If Ford had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1,000 miles to the gallon.’ Did he really say that? Upon some thought, here is the […]

Leaning The Wrong Way Often Means Trouble

| October 11, 2011

Looks like trouble…for this Wall Street fat cat!  

So, Things Can’t Get Any Worse, Huh…Think Again!

| October 11, 2011

What’s coming at us over the next few years, will likely make 2008 look like a warm up!  Nevertheless, … analysts are expecting another earnings season of double-digit growth (the eighth quarter in a row), yep…even though corporate earnings as a percentage of GDP are in the area of all time record levels seen only 4 other times in history, […]

CalPERS Paid Six-figure Bonuses Back In 2008-2009 As It’s Fund Lost Almost A Third Of Its Value In One Year. New Bonuses For 2011 Check In At $4.5 Million

| October 9, 2011

What a joke….Read my lips…There should be no bonuses until the losses are all made up.  Period. No exceptions. None. Capice! CalPERS, the California state  pension fund, which serves more than 1.6 million public employees, retirees and their families, estimated its unfunded liabilities at $38.6 billion on July 1, 2008, it’s bigger now!  CalPERS currently has […]

Drexia, Government Owned….And Saved

| October 9, 2011

Dexia’s Belgian Bank To Be 100% Nationalized… They are talking Good Bank, Bad Bank….the good assets are put into a “good bank” that will operate going forward and is owned by the governments of France and Belgium, the bad bank assets (worthless?) will be in another bank to handle all of the troublesome crap….  “The governments of […]

You Won’t Believe This…It’s Top Secret

| October 9, 2011

The Daily Reckoning……It’s Top Secret This from an episode of Frontline called “Top Secret America.”…..One example is the Office of the Director of National Intelligence. According to Dana Priest the DNI started as 11 people in the Old Executive Office Building. In short order, it grew to a couple of hundred people and moved to […]

Yes, We Get It…Really, We Do! It’s The Rich, The Piggie Banker’s, The Dumb Government Morons And A Greedy Wall Street That Don’t Understand Basic ABC’s

| October 9, 2011

Here’s the real reason for the Wall Street protests….Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment.  That sums it up! Robert Reich, President Clinton’s Secretary of Labor said recently – The top one half of […]

Next Week Could Be A Stinker For World Financial Markets….

| October 7, 2011

Computer Virus Infects U.S. Predator Drone System

| October 7, 2011

Our immediate question that comes to mind is: What happens when a computer virus attacks the new highly technological automobiles. Answer: There will be a few less cars on the highway, that’s because the average car is over 10 years old, and all things considered, there really aren’t that many of the new versions around…The new […]

What Is Interesting About This Chart?

| October 7, 2011

The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor.

Consumer Credit “Unexpectedly” Fell Hard In August

| October 7, 2011

So, the consumer is still tapped out….duh.  The government is the only one that doesn’t see this. The consumer credit number was dreadfully bad. It printed -$9.5bn against an expectation of +$8bn and vs  prior year of $12bn. And…We just saw the first drop in non-revolving credit in a year. This is credit that goes […]

Playing With Dominoes In Europe

| October 6, 2011

IMF Advisor Robert Shapiro comments on the European financial crisis: “In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks” Rest assured this is unlikely to happen, because it’s a game of dominoes. Once the first one goes down, they all go down!  And da boys in Europe […]

Follow The Money – By Robert Reich

| October 5, 2011

Follow the bouncing ball… Robert Reich takes to the dusty trail a whole lot better then Congress or the White House does.  Will someone please take off those blinders! Today Ben Bernanke added his voice to those who are worried about Europe’s debt crisis. But why exactly should America be so concerned? Yes, we export to Europe – but those […]

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