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    Good read on debt debate

    http://www.scribd.com/doc/60727007/Howard-Marks-Debt-Ceiling
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    Ron Paul Op_ed, Bloomberg

    Default Now, Or Suffer A More Expensive Crisis Later Debate over the debt ceiling has reached a fever pitch in recent weeks, with each side trying to outdo the other in a game of political chicken. If you believe some of the things that are being written, the world will come to an end if the...
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    Worth your time to read:

    One of the most respected investment minds....always worth reading this thoughts... http://www.johnmauldin.com/frontlinethoughts/back-to-the-basics Sign up at the link for his free newsletter and you will get mailed a copy of the full report or...
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    Miin Gov....

    ....agrees to Republican budget? http://investmentwatchblog.com/report-mn-guv-agrees-to-gop-budget-govt-shutdown-to-end/
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    Couple of good articles....

    well worth your time in reading these. There are imbedded links within each article that are worth your time as well. http://www.oftwominds.com/blogmar11/sickcare-will-bankrupt-US3-11.html http://nihcm.org/images/stories/NIHCM-CostBrief-Email.pdf MUST READ...
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    SAY IT ISN"T SO!

    District swings from deficit to surplus with newly enacted employee contributions June 29, 2011 Cost savings from worker contributions to health care and retirement, taking effect today as part of the new collective bargaining laws in Wisconsin, will swing the Kaukauna School District...
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    Greece>>>>

    Protests turn violent in Greece today as mobs of people protest the austerity measures that will be imposed to secure a 2nd bailout. Probably won't be much coverage on US news but this is one of the reasons for the stock sell off today. IMHO, this is act I of the great world debt cycle drama...
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    Jobs or union jobs>>>?

    Boeing is trying to relocate a second line of production in South Carolina in a just built $2 billion plant that would employ 1000 workers. SC is a right to work state. Boeing's main plant is in Washington and they use union workers there. The NLRB complaint contends that Boeing is fleeing...
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    May Non-farm payroll

    Take away the Birth/Death adjustment of 206,000 and the NFP is: -150,000. Only the largest monthly B/D adjustment in over a year. Take away the McDonalds addition of 62,000 janitorial, part-time jobs and the economy really lost over 200,000 in May. Looks like the Fed's Quantitative II package...
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    Goldman and stuff....

    As I mentioned in another thread - the vampiric squid that is Goldman-Sachs will wrap its tentacles around China.... This morning, Goldman has thrown their support behind a Chinese candidate to replace DSK at the IMF. There is already a former Goldman employee working in the Bank of China...
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    F-U Geithner...

    http://finance.yahoo.com/news/Geithner-GOP-will-bear-apf-2013587381.html?x=0&sec=topStories&pos=1&asset=&ccode= The Republicans will bear the the responsibility? How about Congress and gov't in general? I do not care who gets assigned the blame - they are all responsible but.... The problem...
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    <double oops>....Treasury has breached the debt ceiling...

    http://www.prisonplanet.com/treasury-confirms-debt-ceiling-to-be-breached-today-will-tap-pension-funds.html The interesting thing about the article.... ".....and will start dipping into federal retirement funds to give the country more room to borrow, a Treasury official said....." Hmmmmmm...
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    <<oops>>Social Security TF ? ?We lost $1.1 Trillion last year!?

    Social Security TF ? ?We lost $1.1 Trillion last year!? http://brucekrasting.blogspot.com/2011/05/social-security-tf-we-lost-11-trillion.html It was the ...pop....heard round the world when the entitlement bubbles bursts.
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    Above the law?>>>>>used to be...

    I hope they nail this F*cktard. Copy and pasted..... If there was any threat that the IMF would launch an SDR alternative to the USD, it is all over now. According to the NYPost, IMF head Dominique Strauss-Khan ( it is not a she) was just arrested on board the first class cabin (thank you...
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    Crock of...

    NFP today - +244k jobs? Birth/death model accounts for: +175k McDonald's job fair accounts for: +62k so, the rest of the economy accounted for 7k jobs? And this is good news? Seriously? And more from the BLS: ....while the labor participation rate remained flat, the total number of...
  16. S

    Interesting read on OBL and his death>>>

    http://www.oftwominds.com/blogmay11/what-empire-creates5-11.html
  17. S

    Interesting....

    Now the Dems are looking at limiting collective bargaining.... http://www.nytimes.com/2011/04/30/business/economy/30massachusetts.html :0corn
  18. S

    OBL's 'mansion'

    A powerpoint presentation from the Pentagon on the region and his abode. http://abcnews.go.com/images/Politics/Graphics%20for%20background%20briefing.pdf And from Iran.....here is WHY the US killed Bin Laden.. And here is Fars News with a radical counterexplanation of what really happened...
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    Paging Mr. Obvious....

    http://4closurefraud.files.wordpress.com/2011/04/captain-obvious.jpg The Federal Reserve Board on Tuesday requested public comment on a proposed rule under Regulation Z that would require creditors to determine a consumer's ability to repay a mortgage before making the loan and would establish...
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    CBO's report on the Prez's budget

    Here's the link: http://cbo.gov/ftpdocs/121xx/doc12130/04-15-AnalysisPresidentsBudget.pdf If you do not want to read the 53 pages, CBO says the President's budget proposal raises the deficit by 41% over the next decade. So, the CBO canned Ryan's budget and apparently, Obama's as well
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