Some Assembly Required

It's time to go to "Some Assembly Required" again (if you haven't been going there every day).

Then, follow their links to various articles -- even if you do not agree with them.

(as always, please follow link to original)

Some samples:

Thursday, September 23, 2010
SAR #10266

American prosperity was based on constantly expanding debt.

Flood Stage: Banks seized 95,364 properties last month, raising the on-hand inventory above the 12.5 month level for the first time in over a decade. The FHFA's house price index fell 0.5% from June to July and 3.3% Y/Y, a result of the number of foreclosed properties flooding the market.

Profit Margins: Nigeria could provide electricity for its 150 million citizens for less than 0.5% of its oil and gas revenues. But this would cut into the money traditionally diverted into politicians' pockets, so it has asked for international investors to buy up and privatize the national electric company.

Asked & Answered: Can the US slip into deflation? Yes. Will it? Ah, another question...

True Story: The people have already decided on gays in the military – a wide majority, including President Obama and the Joint Chiefs of Staff, want Don't Ask Don't Tell repealed. Republican politicians don't agree.

Selfishness: In some cities in Brazil there are “People’s Restaurants” that daily serve 12,000 or more people every day – mostly with locally grown food - for about 50 cents a day. This is what socialism looks like: bureaucratic drones distorting free markets to feed the hungry and the poor and saving dying babies.

Progress? Today 77% of the US population lives paycheck to paycheck, nearly double the rate just 3 years ago. And they don’t get bonus checks, either.