SAN LUIS OBISPO, Calif. (MarketWatch) — Big money managers are warning investors. They’re now citing the Bible: “Seven lean years.” No recovery till 2016. That was Jeremy Grantham back a few years ago. His GMO firm manages $104 billion.
Now Bill Gross and Mohamed El-Erian, the co-CEOs at the $2 trillion Pimco money managers, are citing the same biblical warning to jar investors awake and prepare for the coming lean years of slow, low growth and austerity. Except in Pimco’s new warning, the future just got much, much darker for investors — no recovery until 2022.
Earlier in the summer — back when most investors were totally distracted by campaign drama and betting heavily on a new president, anticipating a post-election bull market — many were expecting Corporate America would unleash trillions in hoarded reserves, stimulate a recovery and new bull. Back then, Reuters, Forbes, CNBC, Bloomberg, the Wall Street Journal and rest of the obsessed media simply yawned at Gross and El-Erian’s warning that equities hit a “dead end in terms of significant appreciation.”
How to Take the Ron Paul Revolution to the Next Level
Nelson Hultberg | AFR
In the aftermath of the sickening travesty that Obama's reelection represents, pundits on the right are building up their strategic juices to project how conservatives and libertarians can "take over the Republican Party" and begin taking the country back.
My answer to them is: It will never happen! Oh, we can take the country back, all right, but not through control of the GOP. The ideological sycophants that comprise the GOP couldn't take back a sack of sunflowers from spinsters in a rest home.
Far too many pundits on the right have ceased to think. Irrationality saturates their minds regarding how to confront the political leprosy that Obama represents. This is because they believe we must, now and forever, work within the statist establishment. This is grievously in error. The present political insanity in America mandates a new direction, a dramatic new strategy. Dare I say it? We need a THIRD-PARTY to provide an escape from the GOP's debilitating lack of chutzpah.
Conservatives desperately need to purge the me-too welfarists from their command centers. But tragically all we hear today from “respectable” voices on the right is the same me-too welfarism we've heard for over four decades about how the GOP must "become more inclusive" and "build a bigger tent." Translated, this means we need to shelve our principles in favor of more compromises with the leprosy of the liberals.
Update: Ricks did NOT apologize
NY Times: Thomas E. Ricks, the veteran defense reporter and author, said he expected his Monday morning appearance on Fox News to last about three minutes. It ended, in fact, after 90 seconds — his last sentence was a description of the network as “a wing of the Republican Party.”
After the interview, a Fox News staffer told Mr. Ricks that he had been rude.
DURHAM, N.C. (WTVD) — Corey Sturmer didn’t know much about fluoride in his drinking water until a year ago, when his dentist told him he has fluorisis, a condition that causes white spotting, yellowing, browning of the teeth, and erosion of the enamel.
“I asked my dentist … is there fluoride in the drinking water? And he said, yeah … it’s good for your teeth. So then I began to wonder, if it’s so good for your teeth, why am I, at 25 years old, having all these issues with my teeth?” Sturmer said.
Sturmer was a college athlete. He eats healthy food and exercises. He started doing research and found evidence that convinced him fluoride might not be as safe as he was led to believe. He came across an I-Team story ABC11 did five years ago in which a Durham dentist told us he believed we’re getting too much Fluoride.
We're going to read a lot of these tributes now, but I always wonder, why didn't you do all you could to support his presidential run?
Washington Times: Saying they want to get the conversation on immigration reform started, top Senate Republicans on Tuesday introduced a version of the so-called “Dream Act” to grant young illegal immigrants legal status in the US, though not giving them a special path to citizenship.
GOP Sens. Jon Kyl and Kay Bailey Hutchison said they have introduced a bill that would reward those who take college classes or join the military.
Regular readers of this site (yes, we have some! I swear!) will be all too familiar with my past encounters with the “boys in blue” at the Transportation Security Administration. I had an otherwise fantastic Memorial Day weekend end with what could only be described as a sexual assault. A few days later, after filing a formal complaint, I had a conversation with a TSA supervisor during which he openly admitted that groping of male and female genitals during patdowns was TSA’s official policy.
It’s safe to say that for me, opposing the TSA and it’s endless list of abuses is more than just an exercise in libertarian theory – it’s downright personal.
So why do we as Americans put up with all of the nude body scanners, the gropings, the rude treatment? The freedom of movement is an integral part of the Constitution and an a vital ingredient to a free society. And yet today we are subject to routine violations of the 4th Amendment for the “suspicious act” of merely purchasing a plane ticket.
When most well-intentioned aid workers hear of a problem they think they can fix, they go to work. This, Ernesto Sirolli suggests, is naïve. In this funny and impassioned talk, he proposes that the first step is to listen to the people you're trying to help, and tap into their own entrepreneurial spirit. His advice on what works will help any entrepreneur.
Judge Andrew Napolitano tweeted this link from Reason:
The first 61 words of this chilling and banal New York Times article are a perfect distillation of how grotesque power appears in the eye of Americans who wield it:
Facing the possibility that President Obama might not win a second term, his administration accelerated work in the weeks before the election to develop explicit rules for the targeted killing of terrorists by unmanned drones, so that a new president would inherit clear standards and procedures, according to two administration officials.
The matter may have lost some urgency after Nov. 6.
A reminder to most Democrats who spent 2002-08 telling us that abuse of executive power was at or near the top of the nation's most urgent moral concerns: You just didn't mean it.
Some 10,000 US troops will remain in Afghanistan after NATO combat operations end at the end of 2014, US media reports said Sunday. The plan is in line with recommendations from General John Allen, commander of ISAF forces in Afghanistan.
The administration of President Barack Obama aims to keep around 10,000 US troops in Afghanistan after formal combat operations in that country end in 2014, The Wall Street Journal reported late Sunday.
I found this thing stuck in my driver's side window tonight after a stop at the grocery store. It made me happy...you all might also enjoy it. Undoubtedly a consequence of my Ron Paul bumper sticker.
Keep educating people, everyone!
Theodore and Woodrow
Leo Tolstoy once said, “Imagine Genghis Khan with a telephone.” Imagine Genghis Khan, or a gaggle of Genghis Khans, running the Internet, and you have a sense of the ideas that will be percolating in Dubai at the World Conference on International Telecommunications in December.
Delegates from 120 countries will gather under the auspices of the United Nations to consider a plan to take administrative control of the Internet away from the United States and hand it over to an international body run by the UN.
In short, governance of cyberspace will pass from the country that has kept it free and accessible since its creation—the United States—to the same organization that gave us the financial scandals at UNESCO, voted to designate Zionism as racism, and seated China, Syria, and Muammur Qaddafi’s Libya on its Commission on Human Rights.