Archive for March, 2008
Back in DBA
March 24th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Catching a falling knife. This is a risky one. Stop $36.
Fed May Buy Mortgages Next, Treasury Investors Bet
March 24th, 2008The Fed will buy trillions of dollars worth of mortgages? WTF?! Will the Fed buy the Pay-Day-Loans from all the baby daddies in the ghettos as well? What will happen to the dollar after this nonsense? Via: Bloomberg: Forget lower interest rates. For the Federal Reserve to keep the financial markets from imploding it needs […]
“Pay Day” Loans Exacerbate Housing Crisis
March 24th, 2008Winding down… Via: Reuters: As hundreds of thousands of American home owners fall behind on their mortgage payments, more people are turning to short-term loans with sky-high interest rates just to get by. While hard figures are hard to come by, evidence from nonprofit credit and mortgage counselors suggests that the number of people using […]
China Urged to Shift Urban Growth to Supercities
March 24th, 2008Via: Reuters: Shifting China’s model of urbanization to favor huge supercities could boost per capita output, improve energy efficiency and help contain the loss of arable land, the McKinsey Global Institute (MGI) said on Monday. Rapid urbanization has been a major driver of Chinese growth over the past two decades and will become more so […]
Banks Remain Wary of Home Loans; Lending Standards as Strict as They Were 20 Years Ago
March 24th, 2008By definition, Ponzi schemes collapse when the supply of “greater fools” diminishes to the point where existing participants no longer receive payments. (See: Pyramids Crumbling.) Where does that leave this economic system? The banking elite aren’t just going to give up, so what’s next? I can’t see beyond the popping of the twin derivative and […]
MIT Developed Microchip 10X More Energy-Efficient than Present Technology
March 23rd, 2008Sure! Clouds of NSA dust and Homeland Security e-mites. The air will be so thick with the stuff that “the terrorists” won’t be able to find their targets. Via: MIT Energy Initiative: Researchers at MIT and Texas Instruments have designed a new chip for portable electronics that could be up to 10 times more energy-efficient […]
Senior Republican Ratfucker from Florida Told FBI About Spitzer
March 23rd, 2008Ratfucking is an American slang term for political sabotage or dirty tricks. It was first brought to public attention by Bob Woodward and Carl Bernstein in their book All the President’s Men. Ok, so now it’s official: Spitzer was taken out on purpose. I assume that any connections to Florida are related to drugs. But […]
Clean, Green U.S. Prison Camp: The Guantanamo Naval Base Wind Farm
March 23rd, 2008For years, I wanted to believe that Peak Oil could bring this horror show down. My problem, of course, was that I couldn’t ignore simple, observable realities and the fact that evil people have many plans up their sleeves. Some of you view collapse due to Peak Oil as a given. I understand that desire. […]
Obama: “I would reach out to the first George Bush.”
March 22nd, 2008Imagine my shock. Via: CNN: KING: A couple of quick things, Senator. Would you, in your administration, make use of Bill Clinton? OBAMA: Absolutely. I think that, you know, Bill Clinton is a brilliant statesman and politician, and I think that any president would want to use his skills and his relationships around the world. […]
“The Bear situation changed everything: people saw death before their eyes.”
March 22nd, 2008Via: Financial Times: The Federal Reserve and Treasury are playing a dominant day-to-day role in overseeing Wall Street following this week’s rescue of Bear Stearns, raising the prospect that the central bank might be given more permanent authority over securities firms. Bankers say the greater authority is a direct consequence of the Fed’s extraordinary decisions […]
