When President Obama recently proposed Jon always manages to surprise me with his ability to tame the beast with well thought out arguments and great comebacks like the one in this interview with Mitch Daniels, Indiana Governor: “obsession, bashing and confiscating. I understand the language of unity, but I am not sure.. (if this choice […]
The central bank chairman with God complex, who arrogantly proclaimed that he could have saved the Great Depression may have been leading us in the same path. His latest ‘twist’ is here – Operation Twist, to be exact. The Twist may be a bit too much to handle for the banking system he and his […]
In the news roundup segment of my Sept 16th show I made a mention of Ron Suskind’s book on Obama’s Presidency. This may be the first book of real substance about the inner workings of Obama Presidency. It sort of confirms my own instincts, which I commented here or on my show from time to […]
Netflix now trading at 139 (premarket) dropped another 20 points from when I exited my tiny bearish bet last Thu. Yesterday the CEO issued a mea culpa letter to the customers and announced that they will spin off their DVD business as “Quickster!” I messed up. I owe everyone an explanation. It is clear from […]
Stock markets around the world have new fuel for rally: rumors. There is a rumor every minute. Yesterday: “China to buy Italian bonds.” Not true. But, market rallied for over 100 DOW points in 5 min. Today: “French President and Greek PM are to “talk.” But markets bolted higher. Late today: Brazil to the rescue […]
The prime target of the 9/11/01 terrorist attacks, the Twin Towers of the World Trade Center may be gone, but the memories are with us for more reasons than one. The above picture of mine (another rare shot in which I am smiling) with twin towers in the background was only supposed to be a […]
Not just Amazon, DISH is going to start competing with Netflix. DISH also bidding for HULU. Netflix, the stock, is a toast. (Via Bloomberg) Dish Network Corp. (DISH), the second largest U.S. satellite-TV provider, will introduce a Blockbuster streaming-movie service to compete with Netflix Inc. (NFLX) next month, according to a person with direct knowledge […]
Remember this colorful exchange between Senator Carl Levin (D-MI) and Dan Starks of Goldman Sachs, who described in an internal e-mail that the securities Goldman sold was (on Timberwolf) is “one shitty deal?” Watch this video on YouTube ————- Watch this video on YouTube Well now, chickens are coming home to roost and Goldman could […]
The month of August accounted for zero job growth in the USA.(HuffPo) The U.S. economy added no new jobs in August as the unemployment rate stayed steady at 9.1 percent, the Bureau of Labor Statistics reported on Friday, the most concrete sign yet that the recovery has stalled out and a double-dip recession may well […]
Definition of Orwellian: “Orwellian” describes the situation, idea, or societal condition that George Orwell identified as being destructive to the welfare of a free society. It connotes an attitude and a policy of control by propaganda, surveillance, misinformation, denial of truth, and manipulation of the past, including the “unperson” — a person whose past existence […]
Look friends, I am no defender of welfare. By all means those able bodied who depend 100% on government welfare throughout their lives are parasites. But I can understand people falling on hard times getting a lift from the government as they try to get on their feet. There is nothing wrong if the […]
5:00 PM Update: “Must read” articles on Fed getting Concerned about European bank liquidity problems. WSJ: Fed eyes European banks FT Alphaville: Should the New York Fed be worried about European banks? For us, though, the most interesting part of the WSJ article is its end, which includes some raw data on European banks’ US […]
I am sick and tired of a vocal minority calling the US as or becoming a socialist country. These loud mouths are controlling the debate and somehow the masses are falling for it. A country where most wealth is concentrated among the top 5% of the wealthy people is not and will never be a […]
This can’t be good (another RED ALERT): The much awaited bounce from extremely oversold conditions has happened yesterday. I was going to say that it might be some sideways action for a couple of weeks and then a slide. May be that’s all the Ben Bounce we are going to get for a while. Brace […]
I have been busy all day and didn’t get to follow most of the day’s developments. Wow, what a day on world stock markets. At the end of the day DOW dropped 635 points. More on the market plunge later. At 10 AM Eastern, I sneaked out to join TV9 bulletin live via telephone – […]
