This Friday Charles Munger of Berkshire Hathaway addressed the growing interest by Americans in investing in gold. Munger, Warren Buffett’s “right-hand man,” and the vice chairman of Berkshire Hathaway made his comments on CNBC:
Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in...
What is known in the media and Obama campaign speak as The Worst Recession Since The Great Depression, or The Great Recession, is Obama’s excuse for everything.
It’s Bush’s fault, Obama inherited all our problems, etc.
The Bush Great Recession is Obama’s pass to pass the buck.
So keep in mind, and repeat endlessly through November...
Caterpillar has ruled out building a planned new plant in Illinois due to the negative business climate, via AP:
“Please understand that even if your community had the right logistics for this project, Caterpillar’s previously documented concerns about the business climate and overall fiscal health of the state of Illinois still would...
Would anyone consider it “unexpected” if a variety of federal governmental agencies subjected Ford to a regulatory colonoscopy because of this commercial, which has clear political overtones. Of course, they will not phrase it that way, it will be to “save the environment” or “protect children” or some other pretext.
And the guy...
Those are the findings of a survey of CEO’s by ChiefExecutive.net (h/t @billhobbs):
Unemployment numbers remain consistently high and CEOs are wary of future business conditions. In fact, chief executives are so pessimistic that over 66 percent expect that...
It’s hopeless with the current man at top.
Flickers of job hope quickly fade because there is a cloud hanging over the country’s economy and job growth:
The number of people who applied for unemployment benefits last week rose back
above...
This is a very curious development, via The Wall Street Journal:
Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling
large clients it will charge them to hold cash.The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank,...
Because you are going to see an attempt by Team Obama and its friends in the media to blame the sluggish economy and paltry job growth on the Republican refusal to give Obama a clean debt ceiling increase.
And it already has started, with Paul Krugman claiming...
An article titled With Debt Deal in Hand, When Does Geithner Quit? prompted this response from self-described liberal Prof. Dan Kennedy of Northeastern Univ. in Boston:
And they complain that Sarah Palin is “stupid” and unfit to be President?
Obama recently expressed a view of the economy in which
technological innovation is viewed as
a threat to jobs:
President Obama explained to NBC News that the reason companies aren’t hiring is not because of his policies, it’s because the...
On Friday the media was in a complete frenzy to get Sarah Palin, enlisting a cast of thousands to scour the 24,000 pages of e-mails released by the State of Alaska.
As just about everyone now acknowledges, the major networks and print newspapers never devoted a fraction of the effort towards important...
Maybe I should start a Gravitas Series, and invite Dr. Rube Goldberg to the opening ceremony.
The most brilliant minds in the world devised the housing double
dip, and they didn’t even know it:
Housing’s Double Dip: Is the Government to Blame?The S&P; Case-Shiller home price data for the first quarter of...
The great experiment devised by the most brilliant mind ever to
occupy the Oval Office, the massive expansion of government
and the piling on of debt and regulations, is
not working:
U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since...
Choices will have to be made soon, and chief among them is whether to tackle the debt problem head on and take the political risk, or not.
I don’t see it as much of a risk. Obama will not be defeated unless front and center is the damage to...
