Archive for September, 2007
Sarkozy Calls for “New World Order” at UN
September 27th, 2007Via: eux.tv: World powers turned to the United Nations on Tuesday to resolve protracted problems that have defied solutions, from climate change to the equal distribution of wealth and human rights issues. US President George W Bush urged the UN to uphold the Universal Declaration of Human Rights, the document that led to other human […]
U.S. Dollar Holders Getting Decapitated
September 27th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The U.S. Dollar Index is below 78.20 now. This morning, bond traders have priced in a 90% chance of ANOTHER Fed rate cut in October. My guess is that the Fed knows about that ARM reset chart I referenced yesterday. Goldbugs, […]
“The Only Terrorist Most Americans Will Ever Encounter Is a Policeman with a Badge, Nightstick, Mace and Taser”
September 27th, 2007Via: Populist America: Bush’s “war on terror” quickly became Bush’s war on Iraqi civilians. So far over one million Iraqi civilians have lost their lives because of Bush’s invasion, and four million have been displaced. Iraq’s infrastructure is in ruins. Disease is rampart. Normal life has disappeared. Self-righteous Americans justify these monstrous crimes as necessary […]
Orgiastic Spending on Technologies of Political Control
September 27th, 2007Via: Reuters: Americans are facing a brave new world of post-September 11 technology marvels that could soon find their way into billions of dollars of projected homeland security spending. Gee-whiz know-how — from swarms of tiny airborne sensors to ever-sharper satellite imagery — is being developed by companies chasing potentially lucrative federal, state and local […]
Lehman Brothers Forced to Juggle Some of Its Own Hand Grenades; Where Are the Rest and When Will They Blow?
September 26th, 2007When the Wall Street Wizard couldn’t unload his mortgage backed securities anymore, he started to scrap bits and pieces his weirder paper generating machinery: Finance America: Gone BNC: Gone Aurora Loan Services: Uh, what’s left of it will see a name change Lehman Brothers bought these firms because they generated paper, and lots of it. […]
U.S. Homes Post Steepest Price Drop in 16 Years
September 26th, 2007This is what traders call, “The Big Mo.” Momentum. See these old stories on Cryptogon where I described this in more detail: Home Sellers Learning Day Trading Skills Home Sellers Learning Day Trading Skills (Continued…) Via: AP: The decline in U.S. home prices accelerated nationwide in July, posting the steepest drop in 16 years, according […]
Quick Magic 8 Ball Update on U.S. Dollar Index
September 26th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The USDX has breached 78.33 and made a feeble attempt at bouncing above that critical point. It has now slipped back under 78.33 again. I have no idea whether it’s going to bounce or collapse, but I have seen this happen […]
Finally: Amazon’s MP3 Store
September 26th, 2007I might have titled this story, “If You Can’t Beat ‘Em, Sell ‘Em DRM Free MP3s.” Years ago, when Apple released iTunes, I looked at the DRM involved and said, “Not only no, f*@% no.” I’m really glad to see an alternative to Apple’s Tamper Proof Vending Machine reality. Of course, I’d rather just pay […]
Step Right Up: Public Demonstrations of Raytheon’s Directed Energy Pain Gun
September 26th, 2007Will it re-heat your freedom fries? Via: Daily Mail: “Where do I put my finger? There … OK? Nothing’s happening … is it on?” “Yes, it’s on. Move your finger a bit closer.” “Er … ow! OW!” Not good. I try again. “OWWW!” I pull my hand away sharpish. My finger is throbbing, but seems […]
Deposit Worries Hit Sterling
September 25th, 2007Via: Financial Times: Sterling took a hit on Tuesday as worries over UK deposit protection raised fresh concerns over the health of the UK financial system in the wake of the recent run on Northern Rock, the troubled mortgage lender. Analysts said reports that the UK’s deposit protection scheme might not be enough to pay […]
