Posts filed under “Really, really bad calls”
There is a huge CBS/NYT poll and article (Poll Finds Tea Party Backers Wealthier and More Educated) about the tea party members.
I was not surprised to read they skew older, white, Republican, better educated and higher income than the average American. I was surprised to read they favor Social Security and Medicare.
Towards the end of the article, I read a shocking data point. In the orgy of coverage of this poll and article generated, no one seemed to mention this:
The percentage holding a favorable opinion of former President George W. Bush = 57%
A substantial majority of Tea Party members hold a favorable opinion of the man that history will very likely deem the worst president in American History (Presidential Historians disagree as to whether he is in the bottom 3 or 5 as of today).
Its all you need to know about the Tea Party.
Vaccine-autism claims, “Frankenfood” bans, the herbal cure craze: All point to the public’s growing fear (and, often, outright denial) of science and reason, says Michael Specter. He warns the trend spells disaster for human progress. hat tip boingboing
You may recall back in February, I noted the ole Sony tube TV in the bedroom, after 17 years, finally bought the farm. I stumbled across a Sony Bravia V-Series KDL-40V5100 40-Inch 1080p LCD Flat Panel HDTV & Sony BDP-N460 Blu-ray Disc Player Bundle on Amazon for sale by Electronics Expo for $853. The delivery…Read More
The NYT digs up a secret Lehman Brothers memo about Hudson Castle — part of a financial system that enabled banks to exchange investments for cash to finance their operations — and mislead investors to make their finances appear stronger than they actually were. NYT: Critics say that such deals helped Lehman and other banks…Read More
Go figure – Over the past 13 months, the Dow has regained nearly 4500 of the 5000 points it shed in the six month following the collapse of Fannie Mae, Lehman and AIG. You can debate amongst yourselves whether this is proof that a) Capitalism works; b) Government intervention is more successful then popularly realized;…Read More
There is a bizarre article in this morning’s WSJ. It declares that the bailouts will cost less than initially feared. It is notable not for what it includes, but what it managed to completely ignore. The 2008 Emergency Economic Stabilization Fund passed by Congress was over $700 billion dollars — not $250B. There is no…Read More
This morning’s post discussing Floyd Norris front page NYT column generated even more pushback than I expected. I am always trying to create rules to help make better investment decisions and fight against my own wetware. The earlier comment stream led me to these ten ideas; ignore them at your own risk: • Whether a…Read More
Alternative title: Overlaying Ideology On Every Market Event/Crisis One of the things I love most about the market is how it acts as a Rorschach test for participants and other various hanger on-ers. For any market event, there are myriad explanations, rationals, and Monday morning quarterbacking. Experience shows us that most of these commentators are…Read More
There is a longish Sunday NYT article on CEO pay that I plan on reading. But before I get to it, I wanted to share some longstanding thoughts of my own on exec compensation. While there was a temporary drop in exec comp caused by the market crash, we still have structural compensation issues that…Read More