Posted on May 11th, 2009 by Kemp
Last year Bush and the Democrat congress broke the all-time record for the Federal gunvernment’s deficit at >$400 BILLION. As receipts declined (but spending didn’t) due to the collapse of the Federal Reserve-inspired housing/mortgage/funny money/equity bubble.
I thought that was bad, but, Obama and the Democrat congress have JUMPED THE SHARK and now project a [...]
Filed under: Current Events, Economics, Entertainment, Politics, Six Packs, Social Mood, Sports, Steve Moyer - Investment Commentary, Uncategorized | 1 Comment »
Posted on April 9th, 2009 by Kemp
1. Mish analyzes the presently shrinking monthly trade deficit in his latest piece. Two very interesting numbers that he noted were that demand for foreign-made cars reached the lowest level since October 1996 and the trade gap with Japan was the lowest since 1984. There are a lot of years of bubblicious economic [...]
Filed under: Current Events, Economics, Politics, Six Packs, Social Mood | No Comments »
Posted on February 11th, 2009 by Kemp
1. The economic downturn, unsurprisingly, is significantly decreasing the amount of gambling revenues taken in by Las Vegas casinos. The fourth quarter of 2008 saw a year-over-year decline of 22% in gambling revenues as compared to 2007. Take a look at the five year chart for Wynn Resorts Ltd. (WYNN).
2. Ben Bernanke seems [...]
Filed under: Current Events, Economics, Politics, Six Packs, Social Mood | No Comments »
Posted on October 22nd, 2008 by Kemp
Haven’t put a six-pack together in a bit, so I figured, what better time than now?
1. With the markets getting hammered on a nearly daily basis, and the economy not doing too well itself as we find out the downside to historic Fed-inspired credit bubbles, it is no surprise that individuals are looking towards a [...]
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Posted on August 6th, 2008 by Kemp
1. Mish reports on a growing trend of condo owners not paying their home owners association dues and, therefore, the entire buildings going under maintained and, therefore, ruining values for even those who are paying their mortgages and dues. Additionally, Mish highlights the rise in HOA fees for those who ARE paying, as they [...]
Filed under: Current Events, Economics, Politics, Six Packs, Social Mood | 1 Comment »
Posted on July 31st, 2008 by Kemp
1. In this day-and-age, in the United States of America, I often question whether we will restore our Limited Constitutional Republic or continue to descend into the depths of oligarchic rule and despotic imperial aspiration. News flies fast and heavy, at times utterly disgraceful and at times encouraging. The people remained silent for [...]
Filed under: Current Events, Economics, Politics, Six Packs, Social Mood | 4 Comments »
Posted on July 21st, 2008 by Kemp
Oh man, the economic situation is rapidly rushing towards some of the troubles we have been calling for in published writings for a number of years. The threat of further economic dislocation is very high at this time. On to the economic six-pack:
1. Ambrose Evans-Pritchard, the international business editor of the Daily Telegraph, [...]
Filed under: Current Events, Economics, Politics, Six Packs, Social Mood | 2 Comments »
Posted on July 14th, 2008 by Kemp
1. Well, last week we posted that Fannie Mae and Freddie Mac were crashing. Over the weekend, (VERY wayward) portions of the U.S. government decided that they were going to work to bail out these massive failing institutions. Jim Rogers, a very famous global investor, is calling the deal an “unmitigated disaster” and [...]
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Posted on July 1st, 2008 by Kemp
1. The Federal Government Leviathan “War on Drugs” has been a total failure. By creating an illegal black market for certain substances, and pouring vast military-style resources into trying to end a human vice, our Federal Government has created a bastion for illegal profits for smugglers, gangs, and pushers, has militarized domestic law enforcement [...]
Filed under: Current Events, Economics, Entertainment, Politics, Six Packs, Social Mood | 1 Comment »
Posted on June 12th, 2008 by Kemp
1. Well, sadly in a way, Ron Paul officially ended his campaign for presidency of the United States. The real good news, however, is that the Leader for Liberty has created a new organization to combine the vast will-power of the Ron Paul movement freedom-lovers into a united group to pursue limited government and [...]
Filed under: Current Events, Economics, Entertainment, Politics, Six Packs, Social Mood | 1 Comment »
