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I guess Japan is proving that its printers are much faster than even those of Europe or the United States. Their currency seems to be on a one-way trip to toilet paper land, and with the latest break of the shelf of support (which, make no mistake, the government applauds) it’s free-fall time.
With all the mayhem, chaos, and terror happening around the world, I guess it should come as no surprise that the most important things on the minds of Americuh are nekked pictures of famous people. The Jennifer Lawrence et. al. hack has been gobbling up the airwaves, and one glance at the CNN home page shows the relative amount of attention (tinted in yellow) it gets versus, say, 88 terrorists being captured (tinted in magenta).
ES made a new all time high overnight, and SPX is getting close to testing the very strong resistance zone above. That has moved up a bit since I was looking at that a few days ago, and on the weekly chart that is now in the 2022-8 zone, with the weekly upper band in the 2022/3 area and rising wedge resistance from the 1343 low now in the 2026-8 area. SPX weekly chart:
Advertising and all it entails is a study in alchemy worth far more if unlocked than turning lead into gold if it can be repeated and applied successfully over and over again. You can only turn so much lead into gold until the gold would actually begin losing its value. (if it’s no longer rare its worth about as much as lead is it not?) However, if one could turn every advertising campaign into a world phenom pushing sales into the stratosphere no matter what the product or service, one might say that’s a process worth far more than the Sorcerer’s stone. Yet, what can turn a potentially golden opportunity into a lead balloon is advertising that not only misses the mark, it has the ability to sink a campaign faster than a stone thrown into the water. Hence, I give you today’s example – XM Sirius Radio™. (more…)
This is going to be a review of David Stockman’s 768-page tome The Great Deformation, and 
although I never thought it was possible, it makes me angry to write this book review.
I’m not angry because I don’t like the book. On the contrary, this is the best economics book I’ve ever read. Indeed, it may be the best and most influential book I’ve ever read in my life. I only wish I had read it the moment it was published in April 2013. I only finished reading it today, and for the entire time I’ve been plowing through it, I’ve been trying to think of what I would say in this review.
Why am I angry, then, to write this? Bluntly stated, because nothing I can say will make what I want a reality. And what I want is for every literate person in the United States to read this book, cover to cover. I want them to read it. I want them to understand it. I want them to agitate for the changes that it recommends. (more…)
