Posted in dawn to decadence, dollar, doomsterism, federal reserve, inflation, monetary policy, politics, volatility, wall street on November 9, 2008 | Leave a Comment »
It has been abundantly obvious from day one that Ben Bernanke has no understanding of “liquidity” – whatsoever.
Only 2 months (?) after Bernanke helicoptered $122 billion to AIG, AIG has come cap in hand to Uncle Sam with a down face and a confession: “The money’s all gone.” AIG supposedly wants $200 billion in new money.
AIG [...]
Posted in politics, volatility, wall street on October 29, 2008 | 1 Comment »
The most criminally ingenious short squeeze in history, engineered by those cunning Germans at Porsche.
Fortunate for them that they’re a “car company.” If a hedge fund had tried to pull that in Germany, the managers, the PMs, the traders, the analysts, the back office IT, and everybody else in the same building would have already [...]
Posted in doomsterism, politics on June 28, 2008 | Leave a Comment »
Complacency triumphant:
The pollsters for John McCain’s campaign sent out a memo challenging the findings of a poll conducted by the Los Angeles Times and Bloomberg. Hundreds of polls are released during a typical campaign without such a public objection. One finding in particular caught their attention. According to the L.A. Times, 22 percent of those [...]
Posted in dollar, doomsterism, inflation, politics on June 18, 2008 | 1 Comment »
Limits Put on Some Oil Contracts On ICE Amid Outcry Over Prices
By IAN TALLEY
June 17, 2008
WASHINGTON — The U.S. commodity futures regulator Tuesday said ICE
Futures Europe has agreed to make permanent position and
accountability limits for some of its U.S.-traded crude contracts,
subjecting itself to the same regulatory oversight as its New York
based counterpart.
Following intense scrutiny and [...]
Posted in dawn to decadence, dollar, doomsterism, federal reserve, inflation, monetary policy, politics, wall street on June 8, 2008 | Leave a Comment »
Thomas Palley, Open Society Institute pontificator emeritus cum DC-cocktail laude, mocks himself best when he’s most honest. As do most political people.
Defending the Bernanke Fed
Filed under: U.S. Policy, Uncategorized — Administrator @ 6:37 am
Federal Reserve Chairman Ben Bernanke has recently been on the receiving end of significant criticism for recent monetary policy. One critique [...]
Posted in bush, doomsterism, geopolitics, iraq, politics, war on May 29, 2008 | Leave a Comment »
As noted here time and again, Iran has nothing to lose by waiting out the end of George Bush’s term.
May 29, 2008 | 1944 GMT
Iranian Foreign Minister Manouchehr Mottaki said May 29 that Iran thinks U.S. voters want to change the foreign policies of President George W. Bush, and he said that the present U.S. [...]
Posted in dawn to decadence, dollar, doomsterism, economy, federal reserve, inflation, monetary policy, politics on May 28, 2008 | Leave a Comment »
“With Bold Steps, Fed Chief Quiets Some Criticism”:
[...]
“It has been a really head-spinning range of unprecedented and bold actions,” said Charles W. Calomiris, professor of finance and economics at Columbia Business School, referring to the Fed’s lending activities. “That is exactly as it should be. But I’m not saying that it’s without some cost and [...]
Posted in dawn to decadence, geopolitics, politics, war on May 27, 2008 | 1 Comment »
During a somewhat heated argument with some Jewish friends over Israel’s recent backstabbing of the US, a national security hobbyist recommended the following article as a defense of recent Israeli policy. Phrases which jumped out at me are highlighted in bold.
Hizbollah’s Increased Strength: Risks and Opportunities for Israel, INSS Insight No. 57, May 26, [...]
Posted in dawn to decadence, geopolitics, iraq, politics, war on May 18, 2008 | 3 Comments »
via
Sunday night, May 11, the Israeli army was poised to strike Hizballah. The Shiite militia was winding up its takeover of West Beirut and battling pro-government forces in the North. When he opened the regular cabinet meeting Sunday, May 11, prime minister Ehud Olmert had already received the go-ahead from Washington for a military strike [...]
Posted in dawn to decadence, doomsterism, economy, federal reserve, inflation, monetary policy, politics, shitigroup, volatility, wall street on May 18, 2008 | Leave a Comment »
The credit crisis has separated true libertarians from phony libertarians, and separated true liberals from phony liberals.
The phony liberals have inadvertently mocked themselves throughout the entire credit crisis, manning the barricades to defend the greatest act of socialism for the rich in US history. Ditto for supposed “libertarians,” eg Robert Rubin, Bruce Kovner, and the [...]
Posted in haha, politics on May 16, 2008 | Leave a Comment »
… [W]hen Bush was last in Riyadh in January, his appeals to the Saudi government to increase oil production were quickly, albeit politely, rebuffed, allowing his political opponents at home to criticize him and accuse him of “begging.”
But this time around, a plan appears to have been in store between the Bush administration and the [...]
Posted in geopolitics, politics, war on May 15, 2008 | 7 Comments »
Was just reading Drudge’s OBAMA REAX, where Obama interpreted Bush’s “those who talk, appease” comment as a gutshot at Obama.
My initial reaction, having spent way too much time studying that part of the world, was that Bush’s comment was almost certainly aimed at Ehud Olmert, Tzipi Livni and Shimon Peres — not Obama. General election [...]
Posted in dawn to decadence, doomsterism, iraq, politics, war on May 14, 2008 | 5 Comments »
[edited and tempered a bit--EC]
I’ve wanted to talk about something that’s been simmering for a long time in my mind, namely the obvious institutional dysfunction of the West in the face of Muslim, particularly Shia, tribal fortitude.
There are two kinds of societies: unstructured, tribal societies, and structured, institutional societies. The Bush Administration’s Iraq odyssey has [...]
Posted in doomsterism, politics on May 14, 2008 | 3 Comments »
The MS-01 runoff was today.
Mississippi’s first congressional district voted 63-37 for Bush in 2004. There are 110 Republican House seats more competitive than MS-01.
Today, despite a desperate ~$2m in spending from the NRCC and Freedom’s Watch (a big neocon 527), a Democrat won the district, 54-46.
Once again the GOP tried to hang Jeremiah Wright around [...]
Posted in geopolitics, inflation, politics, war on May 13, 2008 | Leave a Comment »
12:03 US Senate OKs amendment to halt strategic petroleum reserve fill;
amendment passes by veto-proof margin – DJ [Dow Jones]
This is part of larger choreography. … If the Democrats are attempting to freelance, the CIA could easily bust an attempted Senate veto override given how ‘dirty’ so many senators are.
The end result of this will be [...]
Posted in dawn to decadence, iraq, politics, war on May 12, 2008 | Leave a Comment »
When you leave US policy in the hands of the surrender monkeys at State, the result is that a few even more narcissistic clones of Strobe Talbott puff up their images as The Great Peacemakers, The Great Negotiators, the lone doves standing between us and Armageddon … while our few credible allies, be they in [...]
Posted in geopolitics, iraq, politics, war on May 7, 2008 | Leave a Comment »
It seems like the latest (American-triggered?) Olmert scandal will be fatal to Olmert. Which is fortunate, because the US has some serious Iran escalations to do, if it hopes to retain a meaningful stake in Iraq’s future.
Faster, please.
After another day of rampant rumors concerning the latest criminal investigation into Prime Minister Ehud Olmert, members of [...]
Posted in doomsterism, haha, politics on May 7, 2008 | 4 Comments »
That’s what happens when you have someone like Fred Thompson run a fraudulent, stalking-horse campaign solely to fracture the southern white/ evangelical vote.
People don’t just “take” a limitation of choices, as Thompson inflicted upon the party. They stay unhappy.
Voters may be dumb. Just not as dumb as GOP strategists think. Black turnout across the South [...]
Posted in geopolitics, politics, war on May 5, 2008 | Leave a Comment »
I love this guy: A Jewish MK who has self-respect! Surely I am hallucinating?
“The Arab Mks are the representatives of terror organizations in the Knesset,” Lieberman accused. “Today in the Knesset there is a coalition of defeatists and fifth columnists. Those sitting here (the Arab MKs) are representatives of terror organizations.”
“The fact that an Israeli [...]
Posted in doomsterism, politics on May 4, 2008 | Leave a Comment »
As someone who has spent an enormous amount of time analyzing what does, and what doesn’t, influence opinion polls, I have always maintained that the Obama “gaffes” — from the Pakistani nukes, to his general “lack of presidential stature” as proclaimed by overpaid Beltway bloviators, to Tony Rezko, Bill Ayers [1], and Jeremiah Wright today [...]
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