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People Freak Out and Buy Noah’s Ark Survival Pods … But the Mayans Say 2012...
The Mayan 2012 end of the world “prophecy” is scaring the pants off numerous children and suicidal teeangers. 1-in-10 people believe that the Mayans have prophesied the end of the world (and see this)....
View ArticleMisery Spread Widely
Via Gordon T. Long of GordonTLong.com,The 'something for nothing' mentality is now firmly in charge in the developed economies. As the G7 economies cascade lower under their past, present and future...
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Who Was Ludwig von Mises
"it then dawned on me that all the improvements in the conditions of the working classes were the result of capitalism. social laws brought about the very opposite of what the legislation was intended...
View ArticleBoehner Proposes Conditional Tax Hike On High Earners, Obama Refuses
The Fiscal Cliff cat and mouse game is entering its last two weeks of calendar 2012, with Congress now officially closed for the year. And while we would have expected major updates in the Cliff...
View ArticleThe Price Of “Collective Trauma”: Greece At The Brink of Civil War
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter“I’m wondering how much this society can endure before it explodes,” said Georg Pieper, a German psychotherapist who...
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NYCTiCRoNYBuS KeRRY DiSCoVeReD...
.BANZAI7 INSTITUTE--A new species of Secretary of State has been discovered in Washington DC according to the Banzai7 Institute.Nycticronybus Kerry is a close relative of the POTUS lemur and is noted...
View ArticleShuffle Rewind 10-14 Dec " Lazy Sunday Afternoon " (Small Faces, 1968)
Shuffle Rewind 10-14 Dec " Lazy Sunday Afternoon " (Small Faces, 1968)MusicLinkThis week in review (compared to Fri 07 Dec COB):Click on day for related post, on title for song.As we ended November, we...
View ArticleCiti's Apple Coverage Tag Trio Downgrades AAPL To Neutral, Price Target Cut...
It seems like it was only yesterday (actually it was 20 days ago) that Citi boldly went where every single other sellside analyst has gone before, and initiated the world's biggest hedge fund hotel...
View ArticleGuest Post: How To Spot A Hypocrite In The Gun Debate And Other Reflections...
Via Michael Krieger of Liberty Blitzkrieg blog,Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the...
View ArticleSamuelson: "Frank Knight Thought Keynes Was The Devil" And Other Insights
Originally posted by John Cassidy at The New Yorker,In the fall of 1996, I arranged to interview Paul Samuelson in his office at M.I.T. for an article I was writing on the state of economics, which is...
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Guest Post: Gun Control? No, Drone Control.
Submitted by John Aziz of Azizonomics blog,The terrible massacre committed by a mentally-disturbed man in Newtown, Connecticut last Friday has prompted lots and lots of calls for gun control in the...
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Japan's Election and BOJ in Focus, Monti's Decision Awaited
There was a lively start to trading as the yen gapped lower in immediate response to new of the LDP's victory in the weekend elections in Japan. The greenback traded around JPY84.55, the highest...
View ArticleOvernight Sentiment: Politics And Apples
At a time in the year when the market should be at a standstill, and when all trading should be over, the tension in the S&P is unprecedented, driven by two main factors: the ongoing Fiscall Cliff...
View ArticleFrontrunning: December 17
New Calls for Gun Limits (WSJ)Funerals begin for Newtown victims as schools confront tragedy (Reuters)Introducing The Stock Trader of the Future (WSJ)Feds knocking on 72 Cummings Ave door any minute...
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"Greece Is Not Japan"
"Greece is not Japan" - at least that is the forecast reality when comparing official IMF projections for the two depression-torn countries. Yet one needs to see the projected GDP/debt chart side by...
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Empire Fed Misses, Prints Negative For Fifth Consecutive Month, Hopium Rise...
Whereas last month's negative print in the Empire Fed index (which beat expectations), was attributed to Sandy, it will be difficult to see what attribute can be blamed for this month's major miss, in...
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Returns Since Tepper's "Balls To The Wall" Speech: Gold +31%, S&P500 +23%
We suspect even the CNBC anchors were somewhat taken aback by the babbling of the now infamous David Tepper this morning. A lot of bluster to basically tell us not to fight the Fed and ride the wave -...
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State Communism's Newest (public) Advocate: Jeff Immelt
Jeff Immelt needs operating profit. Where else better to look than the government? In the following clip, the Chairman of President Obama's Jobs and CompetitivenessCouncil, comes clean with us on what...
View ArticleJapan’s NO EXIT Strategy
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterOne of my sources in Japan was told about a yearend Bonenkai party where an official from the Ministry of Finance, the most...
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Charting US Debt And Deficit Since Inception
In the recent aftermath of the US just concluding its fourth consecutive fiscal year with a $1 trillion+ deficit, we have been flooded with requests to show how the current fiscal situation stacks up...
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