tag:blogger.com,1999:blog-54479622540685920712012-01-05T01:39:30.665-05:00"I know that most men, including those at ease with problems of the greatest complexity, can seldom accept the simplest and most obvious truth if it be such as would oblige them to admit the falsity of conclusions which they have proudly taught to others, and which they have woven, thread by thread, into the fabrics of their life." - Leo TolstoyAustrian Filternoreply@blogger.comBlogger451100tag:blogger.com,1999:blog-5447962254068592071.post-66100669003860996102009-09-03T09:39:00.001-04:002009-09-03T09:41:17.572-04:00

S&P is the White line. Values for various P/E levels are within the Key in the upper left of the chart.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-26889423845214140582009-08-31T21:16:00.002-04:002009-08-31T21:18:43.692-04:00

by Tim Hawkins. Enjoy.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-34791236563081370372009-08-25T20:17:00.003-04:002009-08-25T20:23:15.998-04:00

Follow link to older post for more ineptitude from Bernanke.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-18628572714853149352009-08-24T23:02:00.003-04:002009-08-24T23:11:22.564-04:00

As an FYI - The updates are infrequent due to time constraints. Canadians go to USA for Care.O'care ContradictionsMajor Writedowns from Insurers May ComeA Lesson From Soviet Medicine

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-2422145614019828602009-08-06T23:53:00.001-04:002009-08-06T23:53:53.381-04:00

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-81610625846656089942009-08-06T23:42:00.002-04:002009-08-06T23:45:35.947-04:00

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-51240242044174060862009-08-03T19:13:00.003-04:002009-08-03T19:19:09.500-04:00

I encourage you to read 'Health Care Mythology' on Stumblingontruth.com

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-63623641705999024312009-07-29T14:31:00.004-04:002009-07-29T14:38:03.237-04:00

Dow Sends Buy Signal That’s Worked Since 1921: Chart of the Day . New reasons to keep driving this irrational rally keep sprouting. Excerpt:"The Dow Jones Industrial Average is sending a buy signal that has foreshadowedgains of 18 percent during the past nine decades. "Here's the Chart, which only goes back historically to 1989, and is not attached in the above article:

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-51865890206457200522009-07-29T10:07:00.004-04:002009-07-29T10:15:33.976-04:00

Bloomberg article:The Standard & Poor’s 500 Index may reach 1,350 points by the end of 2010 or the first half of 2011 as the U.S. economy emerges from recession, Legg Mason Capital Management Inc. forecast in a statement. Growth won’t be soft but will see a clear acceleration, followed by a period of stability, and “massive” quantities of liquidity may feed the market rebound, Legg Mason said.

Austrian Filternoreply@blogger.com1tag:blogger.com,1999:blog-5447962254068592071.post-41040148659903685382009-07-28T11:56:00.007-04:002009-07-28T12:08:07.436-04:00

So now, let's take Dow 1937 - 1943 and compare that to Dow 2007 - Dow 2013, granted most of the latter data points don't exist. But if we look, so far, they match almost exactly. From 1937, actually mid 1938 Dow topped out around 190 and then fell to 106. After that it rebounded to 145 a year later and hovered around that for almost 2 years, with 1 major dip which also bounced back toward 145.

Austrian Filternoreply@blogger.com1tag:blogger.com,1999:blog-5447962254068592071.post-81771842678591412442009-07-27T23:35:00.002-04:002009-07-27T23:41:53.661-04:00

As the horrifically flawed 1,000+ page health care bill is being rushed through congress, I invite you to listen to the audio clip below. No further introduction is needed.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-8484944789290565412009-07-25T01:32:00.006-04:002009-07-25T14:31:17.229-04:00

It appears that, at least for the time being, India has thwarted the West's bold commitments to action for the sake of action and a justification of detrimental means to idealistic, and questionable, ends -- the move to prevent 'global warming'.India has taken the hardest line in the negotiations so far. Along with China, India refused at the meeting of the Group of Eight industrialised nations

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-24780481762936513042009-07-21T13:08:00.005-04:002009-07-21T20:08:35.428-04:00

Below is an excerpt from Ben Bernanke's testimony on March 3, 2009. Highlighted in red are my comments, which were not part of the original speach.----------------------------------------------------------------------------------------------Unfortunately, the spending for financial stabilization, the increases in spending and reductions in taxes associated with the fiscal package, and the losses

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-91031376879480965122009-07-20T22:57:00.004-04:002009-07-20T23:14:37.395-04:00

Looks like Peter Schiff is seriously considering running for the senate seat in Connecticut against current senator Chris Dodd. I encourage you to view the enclosed videos in their entirety.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-21600825872218818792009-07-17T14:54:00.003-04:002009-07-17T15:05:59.933-04:00

Even though Einstein did not work directly in the creation of the nuclear bomb, his breakthroughs in physics made the nuclear power a possibility. As a result of having contributed to the development of atomic weapons, Einstein grew to regret his contributions in that field.Now it seems, a scientist by a similar name, may have found a cure for deadly radiation sickness. The implications are

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-39275643468617127682009-07-17T00:07:00.003-04:002009-07-17T00:38:30.191-04:00

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-54791438949903242192009-07-16T23:53:00.002-04:002009-07-16T23:57:21.645-04:00

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-25908254776595980942009-07-16T20:24:00.008-04:002009-07-17T08:18:25.980-04:00

Here are a couple of gems from Biden.On healthcare:“We're doing things that we know are going to save you, your children and your grand children billions of dollars over the next years. But we're not able to prove it." emphasis addedOn the economy:“Folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable. It’s

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-9524842877417575902009-07-16T14:01:00.000-04:002009-07-16T14:02:01.699-04:00

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-68936587844438285812009-07-13T19:58:00.007-04:002009-07-13T20:08:24.661-04:00

I came across the following video at Zero Hedge, from the creator Nick Gogerty. Great video, and the backgrownd tune is great too -- "Happiness" by De Phazz.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-2405240772869551512009-07-09T15:21:00.010-04:002011-06-25T23:13:02.257-04:00

Below is the details of the protest, in a form of a handout given to passerby's. Transcript below.S&P is an agency which should hold zero credibility when it comes to ratings. Having said that, protesting against S&P for what the tenants consider bad business practices may, ultimately, be somewhat of a stretch, though the reasoning toward a refinement in credit rating considerations seem

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-18954100068296795312009-07-07T10:38:00.005-04:002009-07-07T10:48:21.552-04:00

by Gary NorthJuly 3, 2009Global warming is based 100% on junk science. The most vocal promoters are not interested in the details of physical science. They are interested in two things: political control over the general public and the establishment of international socialism.Junk Science vs. Real ScienceFor a detailed, footnoted, 12-page article, written by three scientists, two with Ph.D's from

Austrian Filternoreply@blogger.com1tag:blogger.com,1999:blog-5447962254068592071.post-25271733522214700122009-06-30T13:16:00.004-04:002009-07-09T20:54:18.974-04:00

I recommend that this protest patron the following places instead: Fannie Mae, Freddie Mac, Congress, and the Federal Reserve.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-83464373613726654942009-06-30T11:40:00.002-04:002009-06-30T11:45:55.210-04:00

The Technical Take has an interesting article (which is really a commentary on an article posted by William Hester with the Hussman Funds) on the characteristics of the current market as compared to prior bear markets.Excerpt from William Hester:"...secular bear markets of last century shared three characteristics. They each lasted for more than 15 years, they each ended at extremely attractive

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-23770693123127369652009-06-26T10:55:00.006-04:002009-06-26T15:56:44.723-04:00

For the first time ever, I am posting positive news. Dailytech reports:One state looks to ensure its citizens do not have to pay for climate change efforts.Climate change is a controversial topic. Some believe man is causing the world to warm. Others point out that the Earth has undergone solar warming and cooling for millions of years and that current temperatures are well within historic levels

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-43524726906539776392009-06-25T15:57:00.004-04:002009-06-25T19:38:58.101-04:00

WSJ opines on new inane legislation that continues to pave the path of economic destruction. The weed-be-gone policy to any economic greenshoot has gained new footing and is working its way into law as the House tries to pass even tighter restrictions on Cap and Trade.The hit to GDP is the real threat in this bill. The whole point of cap and trade is to hike the price of electricity and gas so

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-34524755495311719602009-06-25T08:33:00.005-04:002009-06-25T08:40:04.636-04:00

An economic recovery by year-end is wishful thinking. Clearly, the current 'bubble' is consumer confidence.

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-79626589676329242782009-06-24T13:41:00.007-04:002009-06-24T14:10:31.231-04:00

...and by 'Mad Hatter' I'm referring to Rep. Barney Frank. Bound to repeat history from which he has not learned, Frank has asked Fannie & Freddie to relax their lending practices.In March, Fannie Mae said it would no longer guarantee mortgages on condos in buildings where fewer than 70 percent of the units have been sold, up from 51 percent, the paper said. Freddie Mac is due to implement

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-60414781301267217332009-06-21T22:55:00.002-04:002009-06-21T23:20:03.527-04:00

The Observer observes:Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-80063586315527579812009-06-21T11:24:00.008-04:002009-06-21T18:15:17.254-04:00

Slashdot summarizes:House Democrats on Friday answered President Obama's call for a sweeping overhaul of the health care system by putting forward a 852-page draft bill that would require all Americans to obtain health insurance, force employers to provide benefits or help pay for them, and create a new public insurance program to compete with private insurers.Passage of this legistlation will

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-78041422035383050422009-06-20T00:23:00.007-04:002009-06-20T12:04:18.195-04:00

If I wanted to view something utterly absurd, I would've patroned the movie "Land of the Lost." Instead, I got the same fill of lunacy from the following paragraph from a story ran by Forbes 'Obama's Doctor Knocks ObamaCare':What should the president be focused on? Scheiner thinks that a good health reform would be "Medicare for all," a single-payer system where the government would cover

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-39697696036204793032009-06-19T11:44:00.006-04:002009-06-20T12:03:11.564-04:00

A recent ruling in Minnesota awarded the plaintiffs (record companies) a payout of $80,000 per song.The recording industry has blamed online piracy for declines in music sales claiming it has lost billions of dollars through illegal file-sharing. Here's a novel idea: Let's pretend that the internet existed before music. If record companies attempted to sell/distribute music into the digital

Austrian Filternoreply@blogger.com1tag:blogger.com,1999:blog-5447962254068592071.post-27617256498435651892009-06-11T11:06:00.004-04:002009-06-11T11:18:55.112-04:00

The Obama administration says executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy.Excessive Risk means potential for both excess profits AND excess losses. If our government wasn't in the business of bailing out failed companies, then the consequences of those excessive risks (financial ruin) would mitigate future risk taking.Bailing out

Austrian Filternoreply@blogger.com1tag:blogger.com,1999:blog-5447962254068592071.post-21783613644993049782009-05-05T20:15:00.002-04:002009-05-05T20:21:01.537-04:00

In its entirety below, an open letter from a hedge fund manager:Unafraid In Greenwich ConnecticutClifford S. AsnessManaging and Founding PrincipalAQR Capital Management, LLCThe President has just harshly castigated hedge fund managers for being unwilling to take his administration’s bid for their Chrysler bonds. He called them “speculators” who were “refusing to sacrifice like everyone else” and

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-7536130174205254482009-04-23T09:38:00.006-04:002009-04-23T23:21:52.740-04:00

German chancellor Merkel rejects new stimlus programs as ecnomic data worsens."Chancellor Angela Merkel stood firm in rejecting any new German economic stimulus program even as the International Monetary Fund said the recession is worse than previously thought and called for measures to spur demand."Merkel shrugged off calls for more spending despite a report by Germany’s leading economic

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-11267034017530424072009-04-13T22:07:00.003-04:002009-04-13T22:29:05.917-04:00

Apparently, more Americans are wary of the U.S. tax man this year."Our calls are up 280 percent," said Richard Boggs, founder and chief executive of Los Angeles-based Nationwide Tax Relief, a firm that helps delinquent taxpayers resolve tax issues.With household balance sheets under pressure, more U.S. households are having trouble keeping up with their day-to-day bills and struggling to pay

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-84902584502887841322009-04-07T14:10:00.007-04:002009-04-23T23:09:58.454-04:00

From an article in USA Today,"The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-13543161084337542932009-04-06T11:12:00.007-04:002009-04-06T22:23:55.392-04:00

On a speech given at 11:10am on April 6, 2008, Timothy Geitner advised Americans to"...be wary of any organization that claims to guarantee success and demands upfront fees."The only organizations that I can think of that fit that description is Bernie Madoff's Hedge Fund and the Federal Government. In fact, when testifying before Congress, Tim Geitner repeatedly stressed two facts: 1) That his

Austrian Filternoreply@blogger.com1tag:blogger.com,1999:blog-5447962254068592071.post-13202391323074558482009-04-04T22:31:00.004-04:002009-04-05T00:28:46.072-04:00

Taken directly from BoomBustBlog. Enjoy:Heidi is the proprietor of a bar in Detroit. In order to increase sales, she decides to allow her loyal customers - most of whom are unemployed alcoholics - to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans). Word gets around about Heidi's drink-now pay-later marketing strategy and as a

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-76993719309716589832009-04-01T21:16:00.008-04:002009-06-18T09:31:08.153-04:00

Straight from the horses' mouths, a quick time line of Paulson's & Bernanke's economic assessments:February 28, 2007 - Dow Jones @ 12,268March 13th, 2007 – Henry Paulson: “the fallout in subprime mortgages is "going to be painful to some lenders, but it is largely contained."March 28th, 2007 – Ben Bernanke: "At this juncture . . . the impact on the broader economy and financial markets of the

Austrian Filternoreply@blogger.com22tag:blogger.com,1999:blog-5447962254068592071.post-39034883115343615382009-03-30T20:53:00.003-04:002009-03-30T21:17:02.599-04:00

It takes a smart man to learn from his mistakes. It takes a wise man to learn from other people's mistakes. Below is a transcript from U.K. MEP Daniel Hannan's speech directed at British Prime Minister Gordon Brown. President Obama would be wise to note Hanna's conclusions:"Prime Minister, I see you’ve already mastered the essential craft of the European politician, namely the ability to say one

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-26959818589897455232009-03-09T22:27:00.009-04:002009-04-02T10:32:06.537-04:00

Imagine that I'm in the business of selling a peanuts. The highest price the market (you, and any other peanut shopper) that is bidding is $500 per ton. Now, personally, I think a ton of peanuts is worth at least $3,000. If I apply for a loan, and the bank asks for collateral, if I use the mark to market rule, it'd mean that I'd have equivelent of $500 (which is the case if I was to liquidate/

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-35992270443152255132009-03-09T09:06:00.006-04:002009-03-09T13:37:28.324-04:00

Thomas & Krisher from the Associated Press reported on Obama's auto task force."Members of the Obama administration's autos task force will test drive the Chevrolet Volt rechargeable electric car and tour a Chrysler LLC pickup truckfactory when they visit the Detroit area on Monday, an administration officialsaid Sunday.---GM and Chrysler are living on $17.4 billion in government loansapproved by

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-83812262757020761842009-03-05T08:53:00.011-05:002009-03-31T20:54:05.699-04:00

Mark Pittman from Bloomberg on Fed Refusing to Release Bank Lending Data:"Bloomberg sued Nov. 7 under the U.S. Freedom ofInformation Act requesting details about the terms of 11 Fed lending programs.--- In response to Bloomberg’s request, the Fed said the U.S. is facing“an unprecedented crisis” in which “loss in confidence in and between financialinstitutions can occur with lightning speed and

Austrian Filternoreply@blogger.com0tag:blogger.com,1999:blog-5447962254068592071.post-11807459052259719362009-03-04T20:53:00.008-05:002009-03-09T10:29:52.573-04:00

Reuters ran a story that looked eerily familiar to economic policies within our own borders. Excerpt:CARACAS, March 4 (Reuters) -President Hugo Chavez seized a local unit of American food giant Cargill onWednesday and threatened to nationalize Venezuela's largest private company,Polar, as he demanded industry produce cheaper rice.The clash with the food companies came less than three weeks after

Austrian Filternoreply@blogger.com0