The market doesn't really care what you think.
Inquiring Minds: President Obama was awarded the Nobel Peace Prize. How many troops do we have in combat?
Newspeak: The AP headline read 'US forces leave isolated Afghan base after attack.' to describe what might have been mistaken for a retreat. Or a strategic withdrawal.
Up Front: Mortgage bankers don't care if you make your house payments, they've long since passed the paper on to Fannie or Freddie or some other quasi-government agency. All they want to do is originate the mortgage, lay on 12 to 20 strange fees, pocket about $1,100, quickly wash their hands, yell 'Next!' and do it all again.
Green? Shoot: Too bad the green-shoots cheerleaders didn't make it to Louisville for the gathering, when 10,000 people showed up to apply for 90 jobs paying $27,000 a year - $13 an hour.
Correction: It seems McChrystal only wants 40,000 new soldiers, but he's asked for more than 60,000, under the theory that this way Obama can cut back the number and not look like the military is playing him – and the American public - for fools. McChrystal says that the US mission in Afghanistan will fail if he doesn't get his way, and wants to make sure voters know who to blame.
Content: Gwyneth Paltrow's blog, Goop, features
Past as Prologue: During the Miocene Climactic Optimum, 15 million years ago, the global temperature rose high enough to cause sufficient ice melt to raise the oceans more than 80 feet. CO2 levels then were between 390 and 430 ppm. We're at 387 ppm and headed well over 430 within your childrens' lifetime.
Half a Million Modifications: The Administration's Home Affordable Modification Program has made over 750,000 modification offers and hopes that at least 500,000 turn into actual modifications. They also hope that less than the expected 2/3rds of them don't re-default within 6 months.
Weakness, Explained: Why is the dollar under attack and loosing value? Look at it this way: the issuer is broke and cannot pay its debts, which are guaranteed by its citizens, who cannot pay their debts. Next?
A Quote: "The stress is moving from residential mortgages that are still in deep trouble, to commercial real estate, where they are just starting to recognize that they're going to have massive, massive losses,” said Nouriel Roubini. He went on to predict another 10% fall in house prices.
Beneath Contempt: A golf course in Hong Kong is claiming to be the worlds first “green golf course” because it uses solar-powered golf carts. Golfers would do better for themselves and the environment if they walked and carried their bags.
Am Bush-ed: In a reversion to the good old days, Justice Department officials have refused to testify under oath before the House Intelligence Committee investigating the CIA's role, if any, in shooting down American missionaries over Peru in 2001.
>All Opposed: Fed Governor Daniel Tarullo didn't get the memo. He thinks it is easy to overstate the current upturn while the employment situation is dismal, the percentage of the working age with jobs is at a 25 year low, bank lending is still declining and capital markets are dysfunctional.
Nose on Face: No one thinks the bailouts were fair. Some think they were necessary. Only a piddling handful think they've done the least bit of good. But the folks at Goldman Sachs and AIG are getting bonuses, so something's going right for some.
Bigger, Biggest, Boom? Shell plans to build a ship “larger than an aircraft carrier” as a floating platform for a LNG plant, to use off the coast of Australia. The chances, they say, of an serious industrial accident converting the vessel into a fishing reef are slim. It's unsinkable, they say. Like the Titanic?
Porn O'Graph: If Treasurys are such a bargain, how come only the family's buying them?