By John Galt October 15, 2009 The one thing that is fun about data is that when people find abstract ways to apply it to reality. Everyone who reads these pages probably looks at the DJIA priced in gold but let’s revisit one of my favorite charts, the DJIA and GE priced in the good old greenback. We’ll review the DJIA in current dollars, 1967 dollars (gold standard) and 1982 dollars (when Reagan ruled) and analyze just how much we have debased our currency and…
by John Galt October 15, 2009 Dear Rush, I know you are upset. I could tell in the fervor of your voice yesterday that the race hustlers and media whores had finally gotten to you a wee bit because they attacked your desire to invest in a sport you have loved all of your life. I noticed the headlines everywhere like “Rush Limbaugh Ousted From Group Bidding to Buy St. Louis Rams” from Bloomberg where they quoted the racist Al Sharpton saying: “It is a…
By John Galt October 14, 2009 Did ya hear the good news? Retail sales were much better than anticipated. Of course the fact that the prior month was revised downward by 0.5% was missed by most as the MariaBartiromogasms over Dow 10,000 blotted out anything that almost anyone had to say about oh, uh, reality, ya, you know, what is really going on. Thus I present the raw data from the past month’s report so exalted by the almighty Bubblemedia this morning: Needless comments at…
by John Galt October 14, 2009 CSX shares rise on hopes that recession is over (AP-October 14) CSX posts lower profit, offers upbeat take on future (MarketWatch-October 13) Ward: CSX will rebound with economy (BizJournals-October 14) CSX Says Recession Over; Stock Surges (TheStreet.com-October 14) CSX Beats Wall Street Expectations; Shares Rise (CNBC.com-October 13) Just a sample of the headlines and how the Bubblemedia and MSM are all dying to insure that they find the remaining suckers and bleed them dry. The “hopes” that the recession…
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