Archive for July, 2011
For Golfers
Some Advice For Golfers: A two-foot putt counts the same as a two-foot drive. Never wash your ball on the tee of a water hole. There is no such thing as a friendly wager. The stages of golf are Sudden Collapse, Radical Change, Complete Frustration, Slow Improvement, Brief Mastery, and Sudden Collapse. The only sure [...]
Before and Now
An interesting cross-section of statistics pre and post recession. Click to enlarge. Hat tip Kapitalcon
Trying to Hide the Obvious
Three short thoughts that concisely describe our current and future condition: We are all going to be very significantly poorer than we thought we were over the last 20 years, because we just simply won’t have the same standard of living. From the government’s point of view, they should have fessed up at the outset, [...]
Guaranteed Losses vs. Moving Out The Risk Curve
Chris Martenson on the Investor Problem: Debt Ceiling Dilemma: The Foul Choice Facing Investors Thursday, July 28, 2011, 10:23 am, by cmartenson For the record, I still believe that there will not be a breach of the debt ceiling and no overt default for the US. Things will be worked out in the nick of [...]
State Pensions Need Your IRA Also
Reader KEP John with interesting comments: On page 5 of the 4th edition of “Rich States, Poor States,” by Art Laffer, Steve Moore & Jonathan Williams for 2011 outlines three different scenarios for the unfunded pension liabilities that is estimated for the 50 state pension funds for their government employees. The largest of these three [...]
Humor — Media
A reader sent this email. You may have seen it, but it is worth rereading in that it captures nicely my opinion of political correctness as defined by the mainstream media: A Harley biker is riding by the zoo in Washington , DC when he sees a little girl leaning into the lion’s cage. Suddenly, the lion grabs her [...]
One Take on Gold as an Investment
Reader EBW sends this audio on Newmont. This is in no way a recommendation or an endorsement; merely an interesting interview. If you are interested, listen and make your own determination regarding its value: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/23_Pierre_Lassonde.html Interesting comments from Pierre Lassonde in his KWN interview regarding Newmont: “To my mind when I look at Newmont today the [...]
Gray Lady Failing
The New York Times, a shadow of its former self, continues to behave as an appendage of the Democrat National Committee. Doug Ross attacks them for an op-ed that is so blatantly political and wrong that only the Kool-Aid drinkers of the Left could believe it. As Mr. Ross expresses it: Yesterday’s Times op-ed on the debt [...]
Peacocks Consuming Conspicuously
Jim Quinn has written a dynamite post about the “Peacock Syndrome” which deals with the binge of conspicuous consumption this country has been on since the 1970s and what it has done to people and the economy: The herd has been mad since 1970 and with the post economic collapse of 2008, some people are [...]
Debt Debate is Nonsense
The best way to understand the debt ceiling crisis is to put it into terms that the average person can understand. Imagine that you are hopelessly in debt and spending 60% more than you make each month. You have maxed out your credit cards and have no money to make this month’s mortgage payment. Miraculously [...]
bigmike
david yard
RICHARD RALPH ROEHL
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