Good News

It's Tuesday -- my leg is still making it VERY difficult for me to get around, even though it is slightly better. Sitting upright at a computer ends up hurting. I don't know if it's my calf, or the CRAP we are being fed by our "betters", by those who are the VSP (Very Serious People).

Tuesday is also a very good day to go to "Some Assembly Required". Please follow link to get there.

Meanwhile - here are a few excerpts from that blog.
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Kicking Dead Horses: Robert Shiller (with Barry Ritholtz cheering madly) once again demonstrates that the Efficient Market Theory was (and still is) a load of hogwash.

Come the Jubilee: The only realistic way for the US to get out of debtors prison is through debt forgiveness. The rich who live off our interest payments are not about to call a time out, so we'll have to do it for them.

Zero Sum Game: Only 58.4% of Americans are employed, the fewest since the 1980s, yet corporations have recouped all of the profits they had lost to the recession and the GDP has returned to its pre-recession levels – with 7.3 million fewer US workers. The “US” label is required, because the corporations are hiring people in Bangladesh and so on, waiting for the US worker to become “competitive.” For the usual prize, define “competitive”.

Hollow Victory: This is not a repeat of the Great Depression, they say. There are no bread lines, they say. Yes, 44 million Americans depend on food stamps, but there are no bread lines.

Shared Struggle: House prices continue to fall and household equity is at an all time low, so the $8.7 trillion uptick in household net worth have come from somewhere else. Well, the stock market has nearly doubled – maybe that's where all that QE money ended up, pushing up the prices on stocks – 81% of which are owned by the top 10% of the food chain. Tells you who Ben's working for, doesn't it.

Prediction or Prescription: “At some point, the citizens of Europe's periphery countries will remember what democracy is for.”