Where Your Rebate Check Goes

Our Friday afternoon digression comes via Mark Faber’s Doom, Gloom & Boom report, this has to be the funniest thing I’ve read all week:

"The federal government is sending
each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to
China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it
will go to India. If we purchase fruit and vegetables it will go to Mexico,
Honduras and Guatemala. If we purchase a good car it will go to Germany. If we
purchase useless crap it will go to Taiwan and none of it will help the American

The only way to keep that money here at home is to spend it on
prostitutes and beer, since these are the only products still produced in US.
I’ve been doing my part, and I thank you for your help"!


-Eliot Spitzer
(former Governor, New York)

Category: Consumer Spending, Retail

Crude Oil = $139+

Category: Commodities, Contrary Indicators, Energy, Psychology

Temporary Help

Category: Employment

Unemployment Seasonal Aberration?

Category: Data Analysis, Employment

NFP Report: Unemployment Leaps to 5.5%

Category: Data Analysis, Employment, Wages & Income

May 2008 NFP Preview

Category: Data Analysis, Employment, Psychology, Wages & Income

Jim Rogers: Crude Bull Market Has ‘Years to Go’

Category: Commodities, Energy, Psychology

Deception and Abuse at the Fed

Category: Books, Federal Reserve

Trichet 3, Bernanke 0

Category: Commodities, Currency, Energy, Federal Reserve

Gasparino vs Einhorn, Kohn & Ritholtz

We have a rugby scrum! ProBanks, ProLehman:  Dick Fuld (Lehman CEO), Charlie Gasparino (CNBC), Doug Kass (Seabreeze Partners), Thomas Brown (Bankstocks.com) Anti-Banks Anti-Lehman:  Donald Kohn (FOMC), John Roque (Natixis), David Einhorn (Greenlight Capital), Jim Rogers, Yves Smith (Naked Capital), and little ole me. > Fear vs. Facts on Lehman click for video Note: We have…Read More

Category: Corporate Management, Credit, Derivatives