By John Galt December 7, 2011 – 05:00 ET As Europe burns, bankers stew, and investors fret one man is asking his shopping crazed wife to start selecting the theme for their home for 2013 and beyond. Unfortunately, that man is President Barrack Obama and the shopper is his wife, Michelle. How is this possible with the horrid job he has done since 2009 and the anger from his own constituents along with the Republican and Conservative furor about the expanded role government now plays…
By John Galt December 6, 2011 – 17:10 ET Tonight’s entry from Ambrose Evans-Pritchard via the U.K. Telegraph: S&P has no choice: Euroland risks bankruptcy on current policies Uh, S&P could have done this in 2008 or 2009 when it was first discovered that much of the European Union was a paper tiger and insolvent, but alas, beggars can’t be choosers. Three sentences from the article sum up his pro-Keynesian position which is as fatalistic as the current policies being pursued by the Union itself:…
By John Galt December 6, 2011 – 16:50 ET Tonight we merge last weeks thread with tonight’s as the outline for the creation of a voluntary military police state emerges. If you think that this will be the life of some Freedom Fighter with a can of red spray paint, a Kalashnikov, and screaming “Wolverine” every time a lucky shot takes out part of the new state apparatus, this show might revise your thinking. What we could, and probably will face, is not about revenge,…
By John Galt December 6, 2011 – 05:25 ET With the S&P news rattling the markets last night one might expect to wake up this morning to mini-stock market crashes around the globe. Nah. Everything in the U.S. equity markets indicates a flat open while Europe is only down slightly Gold cratered to $1712 overnight but is almost back to where it was around 6 p.m. ET last night and the world seems to be sitting on the razor’s edge waiting for some sort of…
Recent Comments