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    Quote of the Day

    "You should be more conscious when you are sleeping"

    -Isabella Hatkoff  (June 2010) on the breaking a pinky promise by her dad who was a sleeping

     

    "You can't solve a problem with the same kind of thinking that created it."
    -Albert Einstein (1879 - 1955)

    "Give a dog a fish, feed him for a day.  Teach a dog to fish, feed him for a lifetime."

    - Walter the Farting Dog

    "Wouldn't it make more sense to read the legislation before approve you it? It's like asking the architect to design the house after it is already built."

    -Paris Hilton

     



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    Sunday
    Oct052014

    Financial Crisis Revisited: The Old "Chicken with Its Head Cut Off" Routine

    Southpark Episode is shockingly accurate:

     


    Thursday
    Oct022014

    Slaughtering the Sacred Cow: Chapter 9 and Pensions 

    In Ruling on California Town’s Bankruptcy, Judge Challenges Sanctity of Pensions (NYT)


    related article:
    Nipping At the Sacred Cow: Major Cities Take On Pension Reform (Forbes)
    Wednesday
    Aug062014

    China: Is the Minsky Moment Upon Us?

    Monday
    Aug042014

    Janet Yellin: Betty Crocker Is My Hero

    http://usaponzi.com/cooking-the-books.html

     

    You can only  have your cake and eat it too for so long but with Betty Crocker as her role model Janet Yellin has concluded that if you have to cook the books it is better to have them fully baked than half baked.  Are we in the midst of the Frankenbubble?  Hard to say but with cash vs GAAP  the boys and girls at GAO are popping kishkas. They reckon we're basically bankrupt and it's only a matter of time. No biggie.  The Mother of All Cramdowns awaits and the pitchforks will be pointing in all directions.

    Sunday
    Jul282013

    Dollars at a Discount

    Euro to US Dollar Exchange Rate Graph - Jul 31, 2003 to Jul 26, 2013

     

     

    US Dollar to Euro Exchange Rate Graph - Jul 31, 2003 to Jul 26, 2013

     

    Yen to Euro Exchange Rate Graph - Jul 31, 2003 to Jul 26, 2013

     

    Sunday
    Jul282013

    Dollars at a Discount

    Euro to US Dollar Exchange Rate Graph - Jul 31, 2003 to Jul 26, 2013