by John Galt January 3, 2012 21:30 ET Just a reminder as to the type of person Mitt Romney is and his elitist attitudes which have never been challenged by any other host or interview to the best of my recollection other than the awesome Mark Larsen.
by John Galt January 3, 2012 11:15 ET To all this morning’s construction report a joke would be an insult to comedians. The Bubblevision and agenda driven bloggers who wish to deal in hopium rather than facts believe or encourage the seasonally adjusted data to be accepted as the gospel and to ignore all facets of reality. This suspension of belief is destroyed when one takes the non-seasonally adjusted data and observes the projected annualized total, which if the normal declines from November to December…
by John Galt January 3, 2012 10:20 ET Just when one thinks the hate for symbols of the West and our Christmas holiday can not get any worse, this story via Dushanbe and the Armenian news site, News.am is published: Santa killed by Muslim fanatics for being ‘infidel’ in Tajikistan Oh what a horrific story boys and girls: January 02, 2012 | 18:13 DUSHANBE. – An outrageous incident occurred in Dushanbe, Tajikistan, where a group of religious fanatics killed Santa Claus. Parvis Davlatbekov wore as…
by John Galt January 3, 2012 09:00ET There are no other words to express in this story beyond this old adage: “If you play with the devil, you will get burned.” Needless to say the idea that surviving on a credit card as a small businessman is nothing new. I did it a decade ago as my operation started to crank up and during lean times, it was not unusual to use the minimum payment on a credit card to buffer periods of slow cash…
by John Galt January 3, 2012 07:59 ET In this morning’s edition of the Athens News it was reported that Pantelis Kapsis told Skai TV the following: “The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro.“ Of course he followed up those reassuring comments with this gem: “The situation will be much worse.” The story went on to state that voters in polls wanted the government to do all they could to remain slaves, er,…
By John Galt January 3, 2012 07:30 ET Happy New Year and enjoy the faux Wall Street party today because it will not last long. Futures are up this morning but not due to a sudden resurgence in the U.S. economy or some miracle created by Obamanomics. The reality is that everything is still tied to the actions in the Eurozone and price action in the Euro and each tick up in the S&P 500 can be tied directly to the USD/EUR and EUR/JPY trades…
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