Wednesday, September 30, 2009
Marc Faber, 12/15/05
Tuesday, September 29, 2009
"Let's talk about unhappiness. Specifically, how it's growing in one segment of our society. And no, it's not white congressmen from South Carolina, hip-hop artists who feel Beyoncé got slighted, or recipients of ill-timed foot-fault calls. It's women. According to study after study, women are becoming more and more unhappy. This drop in happiness is found in women across the social and economic landscape. It doesn't matter what their marital status is, how much money they make, whether or not they have children, their ethnic background, or the country they live in. Women around the world are in a funk."
Read more at: http://www.huffingtonpost.com/arianna-huffington/the-sad-shocking-truth-ab_b_290021.html
Monday, September 28, 2009
"Courier is a real device, and we've heard that it's in the "late prototype" stage of development. It's not a tablet, it's a booklet. The dual 7-inch (or so) screens are multitouch, and designed for writing, flicking and drawing with a stylus, in addition to fingers. They're connected by a hinge that holds a single iPhone-esque home button. Statuses, like wireless signal and battery life, are displayed along the rim of one of the screens. On the back cover is a camera, and it might charge through an inductive pad, like the Palm Touchstone charging dock for Pre. Until recently, it was a skunkworks project deep inside Microsoft, only known to the few engineers and executives working on it—Microsoft's brightest, like Entertainment & Devices tech chief and user-experience wizard J. Allard, who's spearheading the project. Currently, Courier appears to be at a stage where Microsoft is developing the user experience and showing design concepts to outside agencies."
Rumor has it that Apple will release a similar product soon.
Sunday, September 27, 2009
Elliott Wave Theorist, 1999
Saturday, September 26, 2009
Friday, September 25, 2009
Thursday, September 24, 2009
Henry Kaufman's Memoirs
Wednesday, September 23, 2009
Monday, September 21, 2009
An interesting perspective on the Patriot Act is provided below. Why Team Red wasn't throwing tea parties and marches on Washington really confuses me.
"Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism -- a.k.a. the USA PATRIOT Act -- is a huge program with a catchy little title that does more to increase the size of government than it does to fight terrorism. It was easy to pass -- everyone was emotional over the unfortunate September 11 terrorist attacks. It was developed behind closed doors between Congress and the Bush Administration, and there was initially no debate or amendments allowed. It just passed -- unfortunately, using terrorism as an excuse to attack our individuality and personal freedoms. It's anything but patriotic."
"But, why be so concerned with two-year old legislation or any additions to it in the first place? Well, for one we've had more time to think it through and see first hand how this legislation has impacted the "war against terrorism." Are U.S. citizens safer and more secure because of the PATRIOT Act? Or are we at greater risk for being falsely accused and imprisoned for "terrorist" activities? How does this kind of legislation contribute to a culture of fear? Is the PATRIOT Act an invasion of privacy or a necessary law enforcement tool? Who does this legislation really benefit?"
Source and entire article:
Sunday, September 20, 2009
"After spending his life warning of the perils of the complacency that comes with stability - and having it fall on deaf ears - Minsky was understandably pessimistic about the ability to short-circuit the tragic cycle of boom and bust. But he did believe that much could be done to ameliorate the damage."
The entire article:
Saturday, September 19, 2009
Friday, September 18, 2009
Jim Puplava frequently elaborates on his "cashier surveys". At checkout, he asks the cashier how business is doing. I started doing the same a year ago and the responses can be very interesting and telling.
I just went out for my standard quickie lunch at Quizno's across the street. Walking up to the store, something looked different. Posted on the door was a notice of closing due to lack of rent payment.
As Warren Buffet has stated, "when the tide goes out, we'll see who has been skinnydipping". Looks like I'll have to find a new sandwich.
Keep your eyes and ears open for live market indicators.
Thursday, September 17, 2009
SOURCE: Fox News
"By identifying the racial dimensions of the current political moment, President Carter has pointed out a huge elephant in the room. Until the rest of the Democratic Party musters the courage to do the same on a regular basis, President Obama will continue to take unnecessary hits.
In the past few days, former President Jimmy Carter has caused a national firestorm by remarking that much of the current opposition to President Obama is rooted in racism. As expected, the racist wing of the GOP quickly dismissed Carter's comments as wrongheaded and divisive. In truth, however, President Carter was merely identifying a political reality that many of us have been unable or unwilling to recognize: much of the current anti-Obama sentiment has little to do with policy and much to do with race. Since becoming the Democratic party's nominee last May, President Obama has been the victim of the most racist smear campaign in American political history. From the xenophobic investigations into his religious background to the moonbatish birther controversy, the right-wing political machine has gone to extravagant lengths to paint Obama as an uppity, untrustworthy, and unprincipled outsider whose very existence represents a threat to the American way of life.
Although the language of race has rarely been explicitly invoked, terms like "Marxist," "Nazi," "extremist," and "foreigner" have been used to smuggle racism and xenophobia into the public conversation without political consequence. Of course, this is not to suggest that everyone who opposes President Obama is a racist. To the contrary, there have been numerous legitimate reasons to challenge the president's policies and plans since the beginning of his term. Unfortunately, even the most legitimate critiques have too often been cloaked in a deeply radicalized veil that appeals to the most vulgar sensibilities within our country.
I have witnessed this firsthand at several of the health care town halls, where angry white citizens gathered not to talk about policy details, but to vent their anger that "this guy" was changing "their country" by trying to give health care to "those people."
While strong opposition to health care reform existed during the presidency of Bill Clinton -- whose health care plan was far less moderate than the current proposals-- the 1993 protests were relatively devoid of personal animus and vile ad hominem attacks. In the case of Obama, however, many citizens are closing ranks around racial anger and fear rather than a principled and unified political vision. Still, despite mounds of evidence, the left has refused to substantively address the racist dimensions of the current assaults on Obama. This is largely due to the Republican Party's masterful manipulation of our nation's racial anxieties. As soon as Obama became the Democratic nominee, Right-wingers began complaining that they could not critique President Obama without being labeled racist. Despite being completely unfounded-- both Obama and his liberal defenders have been loath to address issues of race except under extreme political duress-- such arguments have placed Democrats in an all-too-familiar defensive and reactionary posture. Instead of speaking out aggressively against racist tactics, they opt to say nothing to avoid being accused of exploiting race.As a result of the right's preemptive strike on the racial front, liberals have remained dangerously silent in the face of the most egregious acts of racism against Obama to date. It is for this reason that Representative Joe Wilson could heckle Obama during his Congressional address and only be challenged for his rudeness rather than his racism. Although he has received a formal reprimand from the House of Representatives (the political equivalent of an after-school detention) such a punishment is nothing more than a badge of honor that enhances Wilson's street cred amongst those who were happy to see the nation's first black president "put in his place." This type of political cowardice from Democrats only emboldens the right to continue prosecuting its war of racial terror. By identifying the racial dimensions of the current political moment, President Carter has pointed out a huge elephant in the room. Until the rest of the Democratic Party musters the courage to do the same on a regular basis, President Obama will continue to take unnecessary hits. And so will our national character."
Marc Lamont Hill is a Columbia University professor and FOX News contributor.
Understanding the context and "frame of reference" below makes it all predictable. Unfortunately, we're early into the contraction cycle.
Wednesday, September 16, 2009
Here's a potential outcome (Dow peaking in the 10000-10500 range). Maybe another wrong prediction. Time will tell.
"To live in a world without becoming aware of the meaning of the world is like wandering about in a great library without touching the books."
The Secret Teachings of All Ages
See you in a few days!
Saturday, September 12, 2009
Elliott Wave International
Thursday, September 10, 2009
Wall Street Journal 10-23-08
Wednesday, September 9, 2009
Jim Puplava - Financial Sense Newshour - 9/5/09
Puplava's track record:
Thursday, September 3, 2009
The Washington Post
From Random Roving (3/24/09, 6/30/08): "Don't Shoot The Messenger"
"The Bush/Obama plunges in the polls bear out Conquer The Crash's contention that in a bear market voters don't care about the party. It also shows that personal magnetism has nothing to do with it, as Obama is no less charismatic than he was when he took office. The man in charge just gets the blame; and if the bear market is big enough, the people don't wait for the downturn to start pinning it on him."
The Elliott Wave Theorist - 8-27-09
Tuesday, September 1, 2009
Elliott Wave Theorist - August 27, 2009