Some "tid-bits from "Some Assembly Required"

A few things from "Some Assembly Required"  --  please follow link to original
-------------------------------------------------------------------
 http://ckm3.blogspot.com/


Reminder: Social Security is full funded until 2038 with no changes whatsoever.

 Teaching Point: A statistical technique gives valid results only if the underlying assumptions reflect reality. In other words, even in economics, garbage in leads to garbage out. So go ahead, assume a cow is a sphere. Just don't try to milk it.

 Terse: Russell Wasendorf Sr., CEO of the now defunct futures brokerage firm Peregrine Financial, has been arrested by the FBI and charged with making false statements to the SEC (memo to Mitt). Wasendorf wrote a suicide note claiming “"I have been able to embezzle millions of dollars from customer accounts...” Prosecutors say the fraud began 20 years ago.

 Black and Gray: Romney says he had "no role whatsoever in Bain management after '99." Yet he told the SEC he was, in 2000 & 2001, the Chairman, CEO and sole shareholder of Bain. Oh, and they paid him $100,000 a year for doing nothing.

 Running of the Bears: Capital has been fleeing Spain at an annualized rate of 50% of the nation's GDP. Obviously the 100 billion euro “rescue” won't cover the damage - 990 billion euros might, but that's a non-starter. No one has the slightest idea where that sort of funding will come from, certainly not from more unemployment and higher taxes on a dying economy. Maybe they'll have another summit.

 Slogan: Invest in the Cayman Islands, it’s the patriotic thing to do.

 The market has spoken, and it is rigged. – Simon Johnson.