Friday, July 26, 2013

Cartoon of the Day: State of California Celebrates Phil Mickelson’s British Open Victory

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From rn-t.com : Of the approximately $2.16 million winnings over the last two weeks from his victories at the British Open Championship...

US Home Builders Slammed as 10 Year UST Yield Rise

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In my post yesterday I noted that the rebound in US housing looks increasingly tenuous in the face of the continuing turmoil in the bond m...
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Chinese company uses drones for cake delivery services

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Drones serve as instruments to an end.  In politics, drones have been used to kill political opponents or for spying/surveillance . As...
Thursday, July 25, 2013

Quote of the Day: The main difference between non-profit and for-profit

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The main difference between non-profit and for-profit is that non-profits are accountable to donors and for-profits are accountable to cus...
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Will Slowing Foreign Buying of US Properties Derail the Housing ‘recovery’?

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Foreign buying of US real estate appears to be slowing, will these compound on the recent setback brought by rising bond yields? Report...

China’s Railroad Stimulus is now Official: It’s an $85 billion boondoggle

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So the rumored railroad stimulus has become official. From Bloomberg : Chinese Premier Li Keqiang said the nation will speed railwa...
Wednesday, July 24, 2013

Meredith Whitney: Detroit as precedent to the staggering aftershocks of the largest municipal bankruptcy in US history

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Bank analyst Meredith Whitney who correctly called on the Citibank fiasco during the 2007-2008 crisis warns in the Financial Times that  t...

Has the Skyscraper Curse Hit China?

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The Skyscraper Index introduced by Dresdner Kleinwort Wasserstein research director Andrew Lawrence has been a reliable but a not perfect ...
Tuesday, July 23, 2013

Quote of the Day: Social Engineering is about Unequal Justice

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Understand that social engineering, by its very nature, calls for a double standard. Under social engineering, blacks with night sticks a...

Asian Markets Jump on Rumors of US$106 Billion Railway Stimulus

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Asian markets posted strong gains today led by Chinese Equities. It appears that steroid addicted markets has found another inspira...
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Iceland’s Recovery Model: It’s a story of how to fool people

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Sovereign Man’s impressive contrarian Simon Black argues against the Iceland Recovery Model which he sees as a “complete lie”. (bold mine)...

Social Security Funds as Government Milking Cow: Spain Edition

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I previously pointed out what seems as Ponzi financing scheme where the Spanish government has raided its pension reserve fund in order to...