david: Inception was awesome. How does a bloody tampon wind up in the aisle of a theater? It was that awesome.
Outlook of the World by John Taylor (Hedge-Fund FX...
China is bust by the end of this century (overcapacity), Greece will default but no CDS is valid (study from some law profs) , The world is slipping back into recession (obvious, look at the bond yields from Germany, USA, Japan, UK - it is already priced in), We have war, economic warfare (more apparent since CHF central bank intervened publicly). (via)
Even a drop in the unemployment rate, from 9.7 percent in May to 9.5 percent in...– Editorial - Help Needed for the Economy - NYTimes.com At least one is writing about the truth.
A company (Transocean) who conducts business in... →
The Senate Finance Committee on Wednesday announced that it was investigating whether Transocean had exploited tax laws by moving overseas to avoid paying taxes in the United States. Efforts to curtail the tax breaks are likely to face fierce opposition in Congress; the oil and natural gas industry has spent $340 million on lobbyists since 2008, according to the nonpartisan Center for Responsive...
Free Speech is now illegal on the beaches of the... →
Reinhart and Rogoff observe that following systemic banking crises, the duration...– John Hussman (via mattlehrer)
Poem about the state of the America. (Marketplace Minute for 7/2 (via)) TEXT OF POEM We were gonna pay for financial reform with a tax on the banks, who created the storm. Instead, the money will come from — I swear — the bailout fund. ‘Cause that seems fair. The recovery is tiring. Nobody’s hiring. Something wrong with Toyota’s wiring. Let’s see … ...