Lunchtime Links 9-21

September 21, 2009

Everyone, into the pool! It’s the only way insurance works (NY Daily News) Eric Dinallo pens this op-ed. He’s the former insurance commissioner for NY State and is running to replace Andrew Cuomo as Attorney General. He’s also championed tighter regulation for CDS.

VIDEO: Steve Keen (Edward Harrison) Keen understands the dynamics of the economy as well as anyone.

Obama open to newspaper bailout bill (The Hill) The plan would give tax breaks to newspapers that reorganize as non-profits.

Nigeria demands apology from Sony for commercial suggesting they’re a source of internet scams (Consumerist) Sony has agreed to settle for $1 million, but first Nigeria must e-mail its national bank account information so Sony can complete the transfer.  ;)

Nissan adds “beautiful noise” to make silent electric cars safe (Bloomberg, ht DA)

Yoda makes fortune cookie appearance (imgur)

Texas affirms right of judge/prosecutor that slept together to sentence a man to death (Salon)

Kid scores 1,019,000 on guitar hero (CNN) Check out the headline above it…

Boris Yeltsin did what? (USA Today) Read a few paragraphs down.

Real time marine traffic (marinetraffic.com) You too can track oil shipments worldwide!

Coolest kid…ever

wgbwb

Comments

President Obama’s web site (http://www.whitehouse.gov/issues/fiscal  /) says he will, “Cut the deficit in half by the end of the President’s first term. On January 20, 2009, the President inherited a $1.3 trillion budget deficit. The President has put forth a budget that will halve this deficit by the end of his first term, bring non-defense discretionary spending to its lowest level as a share of GDP since 1962.”

Make a note of this: Today is 9/21/09. I positively guarantee that if the President indeed does cut the deficit in half, we will experience a serious recession or a depression.

A growing economy requires money supply growth that exceeds population growth, inflation and the current account deficit. Cutting the deficit reduces the growth of money. For more on this, see: http://rodgermmitchell.wordpress.com/200 9/09/16/203/

Rodger Malcolm Mitchell

 

Here are some really intriguing articles on how the govt’s Keynesian policies are affecting the gold price, and in turn how that is affecting gold mining stocks: http://www.goldalert.com/gold_news.php
All of the money printing will lead to higher inflation and a weaker currency. I believe there’s some very useful info discussed here for investors to read and learn about an asset class that has held up very well on a relative basis since the credit crisis began.

Posted by jturner | Report as abusive
 

re: the WTF headline – what about the goings on of a TV show next to it in the ‘breaking news’ section as though it was some sort of emergency?

Posted by Jessica6 | Report as abusive
 

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