Archive for July, 2014

The IBM Cloud and Josh Brown

Wednesday, July 16th, 2014

I was in the process of getting my ass handed to me this spring short alot of agricultural commodities when Josh Brown was put on the air to wax lyrical about how Ag was where everybody had to be in a ZIRP world in order to seek yield.  I do not remember exactly what he […]

Outrageous Audacity of Lew, Others

Wednesday, July 16th, 2014

The Left over the last few days have had many stories and talking heads planted on the media talking about the tax inversion mergers announced recently by companies such as my hometown Medtronic as well as others.  Yesterday it was Jared Bernstein and today Treasury Secretary pedestrianaire Jack Lew.  Who Lew?  Exactly.  Bernstein has been […]

The Clueless and Naked Empress Janet Yellen on Display

Wednesday, July 16th, 2014

Janet Yellen was just surprisingly asked a good question in the House version of the Humphrey Hawkins testimony, which is turning out to be much better than the Senate version, which is usually not the case as House members tend to be woefully ignorant of anything that goes on in the world or how it […]

The Question Someone Should Have Asked Janet Yellen

Tuesday, July 15th, 2014

In her testimony today Chairwoman Yellen reiterated something she has said before which is that if the economy improves, in order to manage the excess reserves currently parked at the Fed by Money Center Banks, the Fed will use the newly created (in the wake of the 2008 crisis) power to pay interest on excess […]

A Quick Argument In Favor of Term Limits

Tuesday, July 15th, 2014

When future historians describe in their research the reasons that the United States of America went the way of the Roman Empire, foremost among them will be one of the only real as opposed to imagined deficiencies in the drafting of the Constitution by the Framers – the absence of term limits right in the […]

The Blind Describing the View to the Blind

Tuesday, July 15th, 2014

As the whole shenanigans surrounding CYNK last week is emblematic of how broken our capital markets are in the Age of the Fed, so the semi-annual Humphrey-Hawkins testimony on right now is emblematic of how broken America really is.  Aside from the optics of decline and decay when a Senator who has obviously had a […]

Lying and Cheating are the New Honor Craft Apparently

Tuesday, July 15th, 2014

Word today that Jay Carney, Obama’s second press secretary, may be taking an unbelievably lucrative job in Silicon Valley, undoubtedly making 7 figures annually.  For those with short memories, Carney is the former Time rag journalist who got up in front of the podium at the White House every day and baldly lied to the […]

The IRS Scandal and Impeachment: Special Prosecutor Necessary

Friday, July 11th, 2014

If you believe Rep. Elijah Cummings, the scandal is over.  Of course if you believe Rep. Cummings, you probably also believe the argument over climate change is also over.  Over before it even began.  The Left would like you to believe that it isn’t even a scandal.  But that is nonsense.  If the President of […]