Tuesday, February 16, 2016
“The money was good, and it was there for the taking.” Jesse
Clarification: It turns out that Article 2, Section 2, Clause 2 says that the president shall nominate justices to the Supreme Court unless the president is a Democrat in the fourth year of his elected term. It is too bad that Justice Scalia's actuarial event did not occur at a time more convenient to the Republicans – it is awkward for them to try to prevent the clear wording of the constitution from being followed in replacing a firm proponent of “original intent”.
Lessons Learned: Eight years into the Great Dismal Swamp a few things have become clear, the most important being that the world's central banks – specifically the Fed – have failed to drag us out of the doldrums. After bailing out the big banks with trillions, wasting a few hundred million on a puny pretense at putting people back to work, flinging money at the problem with QE I, II, and III, (globally this comes to $12.3 trillion) and then pretending things were turning up well enough to engineer an ill-timed interest rate hike... all this and now we're being prepped for negative interest rates, which are really, really uncharted territory. No one really knows what is going on. “No one knows what the Fed is really trying to accomplish, or what it can accomplish, or how to go about accomplishing it.”
The Skinny: Oprah bought a big chunk of Weight Watchers not because it works, but because it doesn't. But she knows from long personal experience that permanent lifelong weigh loss is simply not achievable, but the desire to do so is everlasting – as are the profits to be made from the needy.
Feedom Of Choice: The British government has decreed that deciding who you want to buy things from is not a basic right, especially if you boycott arms makers, fossil fuels, tobacco producers or illegal Israeli settlements.
Ultimate RICO: US families whose relatives have been killed by Mexican drug cartels have brought suit against HSBC on the basis that it knowingly participated in and profited from the criminal activities of the cartels – and use as evidence the bank's admission that it laundered over $800 million for the cartels, an act for which it paid nearly $2 billion in penalties.
It's Different This Time. Really: Those who make their living stealing your living claim that the economy is not entering a recession, this is not 2008, and – for the first time ever – the market is wrong.
Better Never Than Late: Is there really long suppressed evidence that Sirhan Sirhan could not have and did not shoot Bobby Kennedy?
Porn O'Graph: You don't always get what you pay for...
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:57 AM