Recession Watch
Hat tip on the video to Matt Yuen, a long-time friend and fellow PMS Commando (that writeup in from world-famous author (and budding politician) Dan Gookin, another one of the Commandos). You jump out of the same plane together, and you definitely are friends for life . . . however brief that may end up [...]
In interesting and complex story is unfolding, centered on Goldman Sachs, the large and highly profitable company that we all worked so hard to fund with bail out dollars. The story started as a small, throw-away technical story about a former Goldman employee named Sergey Aleynikov, who left the firm and was accused of taking [...]
Continue reading about What Did Sergey Aleynikov Really Do At Goldman?
Scientific minds will note that there are some interesting things going on at the intersection of climate science and economics. With an ongoing global recession, industrial production and output is down between 5% and 15% across the developed and industrialized world. For example United States: -6.3% Canada: -5.4% Russia: -7.9% Germany: -3.8% United Kingdom: -4.9% [...]
Hope at last! US To Trade Gold Reserves For Cash Through Cash4Gold.com Makes as much sense as any of the financial plans coming out of Congress and the Administration these days. ..bruce w..
I honestly don’t blame the administration for talking up the economy over the past few months. I am sure they wanted to see if they could nudge Americans into coming out of the bunkers and buying again. It worked for George Bush after 9-11, maybe they can give it one more go? Sadly, Sally and [...]
Continue reading about Global Economic Indicators Still Cold
MORNING LINKS ITEM: Speaking of swine flu hysteria, this may be a good time to invest in pork belly futures – there may be a shortage soon. ITEM: Yet another way in which Western Europeans are looking for the US to help them financially. ITEM: Here’s a slideshow of items from the Michael Jackson Neverland [...]
MORNING LINKS [Welcome to AoS readers, and thanks to Genghis for the links and the kind words! Feel free to bookmark ASIP! Also, my Saturday links are posted here, my Monday links are here, my Tuesday links are here, and my Wednesday links are here.] ITEM: Remember me quoting Machiavelli (“It is better to be [...]
MORNING LINKS BREAKING NEWS: The American crew on that ship hijacked by Somali pirates has retaken control of the ship. A reminder to the world: don’t screw with Americans. ITEM: Two books you really, really should read are Fooled by Randomness and The Black Swan, both by Nassim Nicholas Taleb. These are outstanding works that [...]
AFTERNOON LINKS! Yes, there are actual afternoon links! ITEM: Maybe it’s because he paid all his taxes — actor Kal Penn (of the “House” TV series and the “Harold and Kumar” movies) joins the White House staff. ITEM: President Obama visits Baghdad. Good for him, and I mean that in all sincerity. My son Jon [...]
MORNING LINKS REMINDER: While I am happy (truly) to see the stock market rising after Sec’y Geithner unveiled his toxic asset plan, I have to always remember that the foundation of basic stock market transactions is the Greater Fool theory, namely, that if I pay $10 for a share of XYZ Corp, I do so [...]