The work week endeth!

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• Russia ‘planned Wall Street bear raid’ (BBC)
• Tesla Can Topple the Car-Dealer Monopoly (BVsee also Tesla Versus the Rent Seekers (Marginal Revolution)
• You Can’t Avoid Asset Allocation… Even If You Try (The Capital Spectator)

Continues here

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.

9 Responses to “10 Friday AM Reads”

  1. Yeah, well, about that leadership . . . only 21 were ever built, at a cost of over $44 billion . . . built for a different era, another “must have” weapons program that blew past the budget and schedule, and still continues to drain the treasury years later.

    “The four-year operation to rebuild the military’s rarest — and most expensive at $2.1 billion — aircraft involved hundreds of hard-to-find parts, thousands of labor hours, and 300 Air Force and Northrop workers. Many of them, mechanics such as Byrne, left their families in Palmdale and flew 6,000 miles to Guam to work seven days a week for months at a time to restore the stealth bomber.

    “With only 20 B-2s — as precious as those aircraft are — no one even questioned whether or not we’d make the investment,” said Norton A. Schwartz, a retired four-star general who served as Air Force chief of staff at the time of the incident. “When we found out the aircraft could be saved, civilian and military leadership agreed without hesitation.

    “Last year alone, the Air Force spent more than $1.2 billion upgrading, maintaining and overhauling the fleet. For each hour a B-2 was in the air, it spent 47 hours on the ground undergoing maintenance. A B-2 mechanic has 750 technical manuals to reference to fix the plane.”

    Resurrecting a stealthy giant

  2. willid3 says:

    a sign thta maybe, just maybe, the labor market is getting better?

    not so sure about that.

  3. willid3 says:

    dont really understand this

    low interest rates are deflationary?
    and some seem to think that we need to cut wages instead which would seem to also be deflationary.

  4. willid3 says:

    profiting off a disaster? and just how does it help have money when you dont have roads, electricity, or a place to live even?

  5. willid3 says:

    oh oh. what happens when some one describes health care, without telling you were it is. and you declare its a third world quality. only to discover its in the US?

    tongue tied?

  6. willid3 says:

    maybe the real reason we gripe about inequity in incomes is that only the 1% have growing incomes? wonder how much impact the lack of income growth has had on the economy? people do tend to notice that their incomes haven’t changed, but some prices have gone up (like gas etc). and even when prices dont really go up. you can end up with the same result if what you buy has less of what you used to buy (say it was food, the quantity and quality might be less than it was before. not sure if any one really tracks this sort of thing or not)–its-about-the-rest-of-us/2014/03/20/0afe81ea-b040-11e3-a49e-76adc9210f19_story.html