Skip to main content

This is unreal

The U.S. government currently spends $160 for every dollar it receives. 

Yep its official:  America is a banana republic with the deficit now exceeding anything ever seen both absolutely and relatively (Deficit prior peak was 120%).  The U.S. federal government borrows nearly 40% of its budget…

The ration of Insider Selling to Insider buying just hit infinity:

Last week there was absolutely no insider buying – not a single share was acquired by a company insider last week (Jan 9 to Jan 14).  Looking back at records this never happened before.  Insider selling has been much greater than insider buying for the past 12 months, but this is a new low (or a new high depending on your point of view -- in fact infinity marks an absolute record...).

GOP announces they will not raise the Federal government’s debt ceiling:

GOP operative continue to insist that the budget be cut as they will not allow America’s debt level to exceed $14.3 trillion.  This is due to pressures from the Tea party.  Only problem is that Medicare, Social Security and Defense are all off the table (according to John Boehner), which leaves nothing of consequence since these programs account for 77% of all Federal expenditure (with interest expenses).  Only problem is that the GOP is now in charge of the budget process – seriously the house of representative drafts budgets – and the GOP is in charge there.  If they are serious about this (they’re not by the way) they would have to cut expenses by nearly 45% to meet the target of no increase in the deficit…. This should be interesting

First shock of 2011, the Tunisian government falls

Rumsfled was famous for his “known unknown and unknown unknowns” well the world just got bitch slapped with an unknown unknown – the fall of the Tunisian government (Egypt and Oman are looking shaky) because of food riots.  If you are a fan of Chinese history you will know that virtually all violent changes in Chinese governments were caused by food riots.

Canada tightens mortgage rules

The Bank of Canada has been adamant for several months that Canadians borrowing are unsustainable.  The bank finally got new rules (from the Minister of Finance) that will reduce the mortgage term from 35 to 30 years, the maximum loan to value ration from 90% to 85% and removes CMHC guarantees from mortgage lines of credit..

Popular posts from this blog

The end of Tesla?

 it takes a special kind of idiot, to think that he can antagonize his entire customer base, and think that it will not impact his business. When Elon Musk went to work for Donald Trump, and created the doge department, he antagonized every liberal, and these people represent 90% of his client base.That’s not a brilliant move. Now Elon Musk is worth hundreds of billions of dollar, so he shouldn’t care a great deal, however, he needs to care because of several other issues. The cyber truck has been a disaster, most have had to be recalled because of defective glue, it’s not a truck, it’s not a car, it’s noisy, relatively uncomfortable, but great as a development platform. What Tesla has learned in making car manufacturing more seamless is truly amazing. The problem was that Elon Musk was so pissed with the Democrats, and with Joe Biden, in particular because of some slight, which were just plain stupid too. By the way, that he decided to support with hundreds of millions of dollar, ...
Post a Comment
Read more

Donald Trump‘s bad bargain

 The entire of 2023 and 2024 when Donald Trump was running for the White House, his mantra was no war, that the Ukraine conflict would be resolved in a day, and that he would do everything not to involve America and war. How the world has changed! He finds himself facing three conflicts; Ukraine, still going on almost 5 months after he became president. Gaza, an unspeakable crime against humanity, is obviously going to go all the way to its bitter end. And finally, Israel’s attack against Iran. It’s important to note, that Benjamin Netanyahu first indicated at the United nation that the Iranian were 3 to 5 years away from having the nuclear bomb. He made that statement in 1995. Therefore, no one is surprised that he uses the same two lines every so often. It’s entirely possible, that 30 years after he first announced it, that Iran has finally developed the bomb. It’s also remarkable that Iran, local power has been destroyed, from Yemen, to Syria, via Lebanon and Gaza to small exten...
Post a Comment
Read more

TACO again, but worst!

 Donald Trump got the rare earth metals that he had thrown away on April 2, liberation day as he called it. What did the Chinese get in exchange? The whole deal, is on the wrap right now. But let’s be clear. It’s the Chinese that have the upper hand.Some of the materials made by the Chinese, are simply unavailable anywhere else. suspicions are that the Chinese got the high-end chips that they lost under Biden. Tariffs will probably return to the level of April 1, and in the end Donald and his friends got nothing for it. It gets worse, Chinese exports to United States are down 40%. The Chinese have found new markets, I probably never gonna buy American grain again. Once again, Donald Trump proved he’s a great negotiator. He got absolutely nothing for his Showmanship. He told the world, that everyone would come and kiss his ass, instead they’re laughing At him. There’s no joke about Donald Trump, a 25 and inherited a huge fortune and proceeded to make it a small one. Bottom line, the...
Post a Comment
Read more