We have been calling for an ugly end to this speculative, credit-backed, social mood peak, fiat paper fueled, crazy borrowing and lending environment, boosted by ultra-easy money for some time. As the thing rolled on it simply got more and more insane, more and more leveraged, and more and more based on shoddy fundamentals, [...]
Filed under: Economics, Social Mood | 2 Comments »
One of the all-time great football coaches passed away today at age 75.
Bill Walsh revolutionized the game of football.
Read more here.
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“The liberties of our country, the freedom of our civil Constitution, are worth defending at all hazards; and it is our duty to defend them against all attacks. We have received them as a fair inheritance from our worthy ancestors: they purchased them for us with toil and danger and expense of treasure and blood, [...]
Filed under: Politics, Social Mood | 1 Comment »
There has been a boom in deal-making over the last couple of years. Wanna guess how the deals were funded? That’s right, DEBT.
Here is a quote from Adrian Ash in his latest commentary:
“Spending on mergers and acquisitions in the US stock market rose to a record total of $1.1 trillion during the first [...]
Filed under: Economics | 2 Comments »
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.†[...]
Filed under: Economics, Social Mood | 4 Comments »
The three major sports leagues are all being rattled at the same time by major scandals.
NFL: superstar Atlanta Falcons QB Michael Vick faces federal charges for organizing an interstate dog-fighting ring. Very ugly. So far Vick has been dismissed from the start of training camp and it looks like one of the league’s [...]
Filed under: Entertainment, Social Mood, Sports | 2 Comments »
With the United States federal government continuously running extreme deficits even through some of the most substantial capital gains receipt years in history, it may be time for the U.S. citizenry to stand up and demand accountability on the part of our elected leaders.
Right now taxpayer dollars are extracted and pissed away on numerous projects, [...]
Filed under: Economics, Politics, Social Mood | 2 Comments »
Must read on the history of Alan Greenspan. I must say, I have been a critic of his, but I am shocked at how ridiculous his whole story is. Amazing.
Click here for the read.
This is the guy who ran United States monetary policy for 20 years?
What would the Founders have thought of our [...]
Filed under: Economics, Entertainment | 1 Comment »
Check out this great article by M.A. Nystrom on how credit is created during booms and destroyed during busts. The reality is, overextension of credit during booms is what leads to the subsequent bust periods, and is a natural part of the risk adjustment process. Trying to end this cycle just creates larger [...]
Filed under: Economics, Social Mood | No Comments »
Atlanta Falcons quarterback Michael Vick (aka “Ookie” according to the indictment), at one point the cover boy of EA Sports’ Madden Football and one of the most popular and unbelievably athletic players in the NFL, has been indicted by a federal grand jury on charges related to running a dog fighting ring in multiple states. [...]
Filed under: Sports | 1 Comment »
