My afternoon train reading:

• Americans Gaining Energy Independence With U.S. Emerging as No. 1 Producer (Bloombergsee also Messages show conflict within NRC after Japan earthquake and tsunami (Washington Post)
Advice for Advisors: Stop Talking and Start Listening! (Financial Sense) see also Mastering the Mad Scramble for New Clients (Registered Rep)
• Target at Post-Bailout GM: Earning $10 Billion a Year (WSJ) see also Bush Tells Dealers He Avoided ‘Gamble’ in Bail Out (Bloomberg)
• Bernanke: Fed Policy’s Encouragement of Risk Is by Design (Real Time Economics) see also Investors Place Their Money on Fed (WSJ)
• Is Facebook accurately counting its daily active users? (CNet) see also Facebook “Jumps the Shark” Interview with Michael Whalen (IRA Analyst)
• MF Trustee Traced $105B in Cash Movement (Bloomberg) see also Challenges for MF Trustee (WSJ)
Bartlett: Tilting the Budget Process to the G.O.P. (Economixsee also The Business Cycle Throws The GOP A Curveball (Forbes)
• Beast With Four Tails: Milky Way Devouring Neighboring Dwarf Galaxies (Science Daily) see also Galaxy Hosts 100 Billion Planets, in New Estimate (WSJ)
• Romney Finding Support Where Women Hold Sway (WSJ) but see Are Republicans About To Commit Medicare Suicide? (TPM)
• Truth, lies and Afghanistan (Armed Forces Journal) see also What goes on in the mind of a sniper? (BBC News)

What are you reading?


Dollar’s China Conundrum


Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

19 Responses to “Two-for-Tuesday PM Reads”

  1. DeDude says:

    GOP doesn’t want budgets to be based on reality but want Reagan woodoo-nomics incorporated into the models that score legislations impact.

    I guess if the facts doesn’t support your conclusions then you change the facts.

  2. Futuredome says:

    GOP will invade Iran if they win the election. Count on it. Their policies would make debt more expensive to service, which would be like 1931 all over again. They would need a counter force.

  3. Francisco Bandres de Abarca says:

    Came upon this nice encapsulation of some recent developments while checking-up on the guys at Armadillo Aerospace:

  4. GuinnessFan says:

    WTF! I thought those regulation mongering anti-business zealots in the administration were crushing the domestic energy industry. Hopefully The Urinal’s editorial board will will correct this MSM distortion.

  5. reedsch says:

    straight soldier talk from Afghanistan

    Ron Paul goes straight for the heart of the Beast

    and a first-person ground report from Occupy DC 2.0: many tents are still up in McPherson Park, no sleeping in them but so what? Sure to be many more when it warms up.

  6. reedsch says:

    BR 1000 apologies for the dup, I was so anxious to share the Afgan FUBAR that I couldn’t wait to get to the bottom of your list.

  7. Vilgrad says:

    On Friday the hyperbole utilized by the media mouthpieces was off the charts, leading to an all-out brawl between the critical thinking blogosphere and the non-thinking ”professionals” spouting the government sanctioned propaganda. Accusations flew back and forth about who was misinterpreting the data. I found it hysterical that anyone would debate the accuracy of BLS (Bureau of Lies & Swindles) data.

    The drones at this government propaganda agency relentlessly massage the data until they achieve a happy ending. They use a birth/death model to create jobs out of thin air, later adjusting those phantom jobs away in a press release on a Friday night. They create new categories of Americans to pretend they aren’t really unemployed. They use more models to make adjustments for seasonality. Then they make massive one-time adjustments for the Census. Essentially, you can conclude that anything the BLS reports on a monthly basis is a wild ass guess, massaged to present the most optimistic view of the world. The government preferred unemployment rate of 8.3% is a terrible joke and the MSM dutifully spouts this drivel to a zombie-like public. If the governing elite were to report the truth, the public would realize we are in the midst of a 2nd Great Depression.

  8. SOP says:

    To go along with the article at the top (“Americans Gaining Energy Independence ….”)

    From Forbes: Fulsome Fossil Fuels And The ‘Peak Oil’ Myth

    Good luck folks. Our world is being run by adult-sized children.

  9. bonerici says:

    re: energy independence.

    Easy to gain energy independence when the economy is stuck on empty.

  10. theexpertisin says:

    The Lt. Col. who penned his views on Afghanistan should be hailed as a whistleblower. Instead, as he admitted, this is a career-ending move.

    The top echelons of our military face difficult choices all the time. The Commander-in-Chief is their superior. As with VietNam, fighting with one hand tied behind our back, in an area of no value to us with a hostile, inward looking population, this brew is a prescription for disaster. Which is what we have.

  11. VennData says:


    You state, “… If the governing elite were to report the truth, the public would realize we are in the midst of a 2nd Great Depression..”

    How do you know this? Fox News? Zero Hedge? The other GOP touts and the same folks, more or less, were positively understated during the Bush decade? Santorum and Gingrich are in on it with Obama? And Nancy Pelosi and Haley Barbour?

    Why haven’t Rand Paul on the rest of the conspiracy-oriented blown the lid off this sucker?

    You are a loon.

  12. mathman says:

    VennData: why, then, does the govt continue the fiction of improving “unemployment” numbers in the described ways? If anything Fox Noise is a Republican cheerleading squad (just watch them for ‘fair and balanced’ coverage of any political developments) and though zerohedge may be over the top at times they are for the most part accurate. Do you think that happy days are here again?

  13. RonSmithfan says:

    TPM- What a fair and balanced source of news. NOT!

    BR: Yes, warning GOP against shooting themselves in the foot certainly is biased.

  14. rocketgas says:

    People that read are telling people to give facebook a low PE., lets hope this works for us.

  15. DeDude says:


    I had not seen those. Thank you for a healthy morning laugh.

  16. DeDude says:

    The thing about government numbers on unemployment is that they lay out the way everything is handled – and yes some of their choices will make numbers look better than they would have looked if other choices had been made. Fox, zerohedge and others do not reveal what specific bodily cavity they pulled their “numbers” or reality out of – yet there are paranoid fools out there who trust those unspecified entities without question at the same time as they refuse to believe the numbers laid out right in front of them.