We didn’t get what I first postulated yet, what we did might be even more illuminating.
In my earlier article the 4C’s I set up the premise that if a Yes vote took place in Scotland there were possible ramifications within the markets than what was being expressed, as well as reported, throughout the financial media.
Well it turns out the cause for any worry has now been voted and booted away so far down the road it would make a can envious. However, what did we really get?
In my opinion we might have been shown there is even far more need to be concerned, for once again, the powers that be have seemingly demonstrate they truly are – the one’s in control. (more…)
I was originally going to title this post “Jackie DeAngelis Must Die”, but I thought she might take it the wrong way.
Anyway, earlier this week, Ms. DeAngelis “interviewed” famed short-seller Bill Fleckenstein on (gack, choke) CNBC, every permabull’s favorite network. Right out of the gate, she attacked him:
You can watch the interview at the bottom of this page if you want, but I can save you the time by simply stating Mr. Fleckenstein was ambushed by a trio of CNBC permabulls, deriding him for missing out on the past five years of market rally. (more…)
I’m a movie buff, a Woody Allen fan, and a lover of analogs, so it’s remarkable it took me this long to make the connection between Slope of Hope and the clip below. There’s no need to over-explain it, but think of me in the role of Woody Allen, Iggy as the part of the conductor, and you can fill in the rest of the Sloper names with the other passengers on the train. As for the party train on which I gaze forlornly – – – maybe that’s the CNBC car.
Yesterday, The Wall Street Journal dove head first into the deep end of the interactive social media swimming pool. During their FOMC pregame show, they punctually trotted out Johnny Waterboy Hilsenrath via SpreeCast, the sparkling new-media darling interactive webcast platform, to serve up another fresh jug of spiked reinvigorating Gatorade to his favorite NY Stock Market team. (more…)
Most of you read my review of David Stockman’s Great Deformation last weekend. Our own beloved BDI goaded me into reading it (and I’m grateful he did), but BDI kicked it up a notch by reaching out to David Stockman to share the review with him. Lo and behold, I now find my review on his home page. I guess it’s a little odd to be star-struck by the Director of the OMB in Reagan’s White House, but I’m a child of the 80s, after all. Thank you, BDI!