Saturday -- a good day to look at "Some Assembly Required" -- it's just a bunch of laughs -- right?
NO!
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Catchachism: Over 8,000 instances of child sex abuse have allegedly occurred in the Roman Catholic Archdiocese of Milwaukee. You know – Catholic Preists – old white men who know what's best for women... and little kids. Why would anyone ever send their child to a Catholic Church?
Tidy: A floating mass of trash the size of California, carried out to sea by the tsunami in Japan, has begun washing up on beaches in Washington. No hurry, it'll be washing up for years, if not decades. The Japanese disavowed paternity, "No one knows if it's from Japan.” Well it's not from Dayton, bubba.
Value Judgment: Facebook is valued higher than Citi or Pepsi. Valued. Not worth more, just 'valued'. At $102.6 billion, how many ads do they have to sell for how many years to make enough profit so the mania is anything but a Bigger Fool investment?
Is There An Echo In Here? Ireland beat Portugal to be the first of the beggars to step up and ask for equality with the Greeks in writing off debts and handing out haircuts.
Cave Dwellers: Around the world youth are leading the social unrest as they are the hardest hit by the global deleveraging. The US is not insulated from this – youth unemployment is above 20% and 1 out of 3 in the 25-29 age-range are back living with the parents. Don't be surprised when Yankee-Spring comes along.
Definition: A terrorist is now officially defined as anyone who disagrees with the government on anything: Protesters who think we shouldn't bomb the crap out of Iran. Those who think killing random civilians via drones is wrong. Those who buy coffee for cash at Internet cafes. Those, like Ron Paul, who think that we are overtaxed and over-regulated. And those who think Nixon was wrong to dump the dollars last tie to gold are going to be in a whole lot of trouble, along with the rest of us.
Greece is not unique, it is just first.
Monday: New Home Sales
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Weekend:
• Schedule for Week of December 22, 2024
• Ten Economic Questions for 2025
Monday:
• At 8:30 AM ET,*Chicago Fed National Activity Index* for Novem...
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