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 way to get a par [...]

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, treated people as adults and [...]

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 time, like they always are. [...]

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 estimates is almost $3 trillion. [...]

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 by the cuff of 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 stock should easily be $80 [...]

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 ceiling (“The Republican Wreckage“) does [...]

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 recovering their senses slowly, and [...]

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 in the mail comes a [...]

Victor Davis Hanson on Obama

Victor Davis Hanson captures the essence of the Obama Presidency: Obama has managed the nearly impossible: the greatest peacetime deficits in U.S. history — about $1.5 trillion per year — in his first three years achieved almost no economic expansion. Instead, unemployment is chronic and stays over 9.2%; growth is stagnant; gas is sky-high — and the president seems stunned [...]

The Irrelevance of The Debt Ceiling Discussions

From Zerohedge, all you need to know about the debt ceiling issue: “I just don’t get it! They’re crazy for not compromising! Their political games are going to ruin the country! Why not just raise the ceiling?!” What these people are lacking is a basic understanding of the bigger picture. Ultimately, this debate is not about raising or freezing the debt ceiling. This debate is [...]