Daily Financial Moment Of Clarity
Courtesy of Naked Capitalism, these words of wisdom from Steve Waldman: … for the most part, what is called financail innovation is finding new technology that makes legal what was illegal under the old technology
Recent Articles
Election 2008 – You Are Right To Mistrust The Polls
One of the most annoying and anti-climatic parts of this rather sad and miserable election cycle has been the faux-drama of the polls. In absence of any real reporting on the details of either candidate’s plans, background or personality, the media focuses more and more on the virtual horse race conducted via the polls. Websites […]
Global Trade Recession Indicators Redline – It’s Going To Hurt
As mentioned in an early post, there are no clear signals that the global economy is skidding to a violent halt. This can only spell additional trouble for activist governments intent on conjuring up enough money to bluff the world wide credit implosion into submission. For the past two decades, the most prosperous nations on […]
The Big Game – Russian Bank Run
Russia has been under enormous financial stress during the last several months. Russia is a young economy that is still trying to figure out how to work without the socialism and central planning. As credit contracts here, it evaporates in places like Russia, and there is no “Fed mother hen” to backstop the banks. On […]
These two posts pretty much sum it up
First, from Ben Smith over at Politico (via Rachel Lucas; I would have gotten to Politico myself eventually, but Rachel came up first in my daily blog review), citing an e-mail from a Republican consultant testing out an anti-Obama ad: [The group was] Reagan Dems and Independents. Call them blue-collar plus. Slightly more Target than […]
Artic Sea Ice On The Rebound
Over the summer the news was that troops of environmental activists were parading through the northwest passage to draw attention to the fact that it was ice free. This was supposed to imply that that run away, man made global warming was wrecking the arctic. In reality most of these expeditions ended locked in the […]
DARPA Guts Falcon Blackswift
Earlier this year I outlined a DARPA project to produce a hypersonic UAV under the project name “Falcon Blackswift” According to the few details available on Blackswift, Lockheed Martin’s famed Skunk Works shop is the main contractor for the vehicle. DARPA, in fact, still isn’t talking about Blackswift; it’s using the HTV-3X designation. But HTV-3X […]
Yet another video o’ the day
The Onion is on a roll…what can I say? Precocious Youngster Sells Cookies To Buy Attack Ad ..bruce w..
A moment of panic
I was out running various errands today, which included stopping by my bank to deposit a few checks. The branch building looked deserted when I pulled into the parking lot, and as I went to go in the first set of doors, I saw a piece of paper taped to the inside of the 2nd […]
