29/07/2011

Uh, Paging Brian Wesbury: Commercial Real Estate IS a Disaster

By John Galt July 30, 2011 On Larry Kudlow’s CNBC program tonight, perennial mega-unicorns-pooping-rainbows-and-skittles bull Brian Wesbury from Cumberland er now First Trust Advisers, made the following statement on commercial real estate in this economy: Uh, Mr. Webury, I’m fairly certain you can afford or already receive the Financial Times and read this story today: Rating move shocks CMBS investors In the article by Tracy Alloway the following doesn’t sound like we’re experiencing a boom and in fact the long predicted second shoe is not only dropping but cratering through the…


Tea Party Terrorists your Must Read Article of the Day

By John Galt July 29, 2011 I was all set to rant further after my show about the obscene opinion piece posted at the Politico website this morning but INVAR from Sword-at-the-Ready did a much better job expressing my anger with the idiocy of the left and the complicity of the RINO’s to promote this train of thought. Read this editorial and understand one fact: We are the enemies of those who wish to define our freedoms. Our time on this earth is short, our freedom fleeting, our nation failing….. (Click…


Arab Spring to Islamist Summer Update: Goodbye Egypt, Hello Islamic Republic of Egypt

By John Galt July 29, 2011 The U.K. Daily Mail pretty much tells the tale of the tape today: Thousands demonstrate for an Islamic state in Egypt Then from the Australian Broadcasting Corporation (ABC): Islamist groups dominate protests in Cairo And from the Khaleej Times:: Two dead as armed men rampage through Sinai city Finally from the Chinese state news agency Xinhua with the story and photo: Egyptian capital sees rally with big turnout of Islamists CAIRO, July 29 (Xinhua) — Tens of thousands of Egyptians gathered in Cairo’s Tahrir Square…





Tropical Storm Don: Tropical Storm Warnings Issued for Texas

By John Galt July 28, 2011 Pictures will refresh automatically from the original sources. LATEST NEXRAD RADAR  FROM BROWNSVILLE, TX RADAR:   1600 CDT ADVISORY FROM THE NATIONAL HURRICANE CENTER:000 WTNT34 KNHC 292035 TCPAT4BULLETIN TROPICAL STORM DON ADVISORY NUMBER 9 NWS NATIONAL HURRICANE CENTER MIAMI FL AL042011 400 PM CDT FRI JUL 29 2011…CENTER OF DON APPROACHING THE COAST OF SOUTH TEXAS…RAINBANDS SPREADING ONSHORE…SUMMARY OF 400 PM CDT…2100 UTC…INFORMATION ———————————————- LOCATION…26.9N 96.2W ABOUT 95 MI…155 KM SE OF CORPUS CHRISTI TEXAS ABOUT 105 MI…170 KM NE OF BROWNSVILLE TEXAS MAXIMUM SUSTAINED…



When the Indebted can not borrow from the Indebted

By John Galt July 29, 2011 A fascinating Reuters story crossed the wires this morning raising the very question of the title of this particular piece. According to the article, Italy was supposed to offer a portion of the key tranche from the European Union crisis designed bailout recently constructed for the nation of Greece. The problem with this theory is that one of the “I’s” in the PIIGS does not have an economic structure much healthier than Greece and thus the question arises as to which nation will be the…


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