Friday, February 28, 2014

 

Real Estate - Crime

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Wednesday, February 26, 2014

 

Father Of The Year Records 5 Minutes Of Middle School Kids Busting Their Asses On Ice


Saturday, February 22, 2014

 

The 7 most intriguing philosophical arguments for the existence of God

To be clear, these are philosophical arguments. They're neither rooted in religious scripture nor any kind of scientific observation or fact. Many of these arguments, some of which date back thousands of years, serve as interesting intellectual exercises, teasing apart what we think we know about the universe and our place within it from what we think we're capable of knowing. Other arguments, like the last two listed, are attempts to reconcile questions that currently plague scientists and philosophers.

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Friday, February 21, 2014

 

Bastille - Pompeii

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Wednesday, February 19, 2014

 

How China fooled the world: China's building & debt spree

This post is worth reading but if you just want the quick and easy version of the HUGE amount of building and credit creation that has gone on in China over the past 5 years then watch the two videos which total just a couple of minutes.

When the Japanese bubble popped it did hurt us, it exposed the real estate bubble in the southwest, but it was largely over for the U.S. after '92.  I suspect China's bubble bursting is going to be much worse just for the fact that we are in a much worse position ourselves. 

P.S. This episode will be available soon.  

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Tuesday, February 18, 2014

 

‘House of Cards’ is the most tea party show ever

I have gotten half way through the second season of House of Cards when I had this same idea.  The show is practically an ad for smaller government.  I haven't read the article because there is a spoiler alert at the top so I will wait until I finish the series.  I am trying to take it more slowly but it is such a good show it is hard to watch one episode at a time. 

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Monday, February 17, 2014

 

The Player secrets of a Vegas whale

Bloomberg TV

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Friday, February 14, 2014

 

Broken Bells - Holding On for Life

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Thursday, February 13, 2014

 

Crash alert: Watch what happens this weeks very closely

I really should start calling these volatility alerts because the market has tended to move violently up when it hits the trend line that has been supporting this market for the past two years.  Now is no exception.  The rally that begin late last week did a lot of damage to the case that a high was made on at the end of December at 16,588 on the Dow.  Not completely destroyed but we are going to need to see a pull back pretty soon.   At least this market is much more exciting than the boring bull market of the past few months even if the bull hasn't been broken. 

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Tuesday, February 11, 2014

 

I am not worried about the U.S. dollar

There is a lot of financial shenanigans going on around the world.  I am critical of the Federal Reserve but they are not the worst and this is why I am not especially worried about the U.S. dollar.  There will be another financial crisis in our future and the question is whether the dollar will maintain its safe haven status.  It will.

Coincidently, at a Chinese New Year lunch last week, one of the diners said he had this very discussion in Shanghai with colleagues the previous week, and all 10 of them said they would shift their savings to U.S. dollars if they were they free to do so. 

There you have it.  If Chinese businessmen are not worried then neither am I. 

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Monday, February 10, 2014

 

4th Financial Services Executive Found Dead; "From Self-Inflicted Nail-Gun Wounds"

Via Zero Hedge.


The founder and CEO of American Title Services in Centennial was found dead in his home this week, the result of self-inflicted wounds from a nail gun, according to the Arapahoe County coroner.

Richard Talley, 57, and the company he founded in 2001 were under investigation by state insurance regulators at the time of his death late Tuesday, an agency spokesman confirmed Thursday.
Usually financial executives don't kill themselves when things are going well which is why this is kind of spooky.  It might be a coincidence that four have died in short order but it might be a indicator that problems are about to surface and the weakest institutions are feeling the heat of the emerging market fiasco before of the rest of the market.  




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Saturday, February 08, 2014

 

Patients’ Costs Skyrocket; Specialists’ Incomes Soar

Doctors’ charges — and the incentives they reflect — are a major factor in the nation’s $2.7 trillion medical bill. Payments to doctors in the United States, who make far more than their counterparts in other developed countries, account for 20 percent of American health care expenses, second only to hospital costs.


Specialists earn an average of two and often four times as much as primary care physicians in the United States, a differential that far surpasses that in all other developed countries, according to Miriam Laugesen, a professor at Columbia University’s Mailman School of Public Health. That earnings gap has deleterious effects: Only an estimated 25 percent of new physicians end up in primary care, at the very time that health policy experts say front-line doctors are badly needed, according to Dr. Christine Sinsky, an Iowa internist who studies physician satisfaction. In fact, many pediatricians and general doctors in private practice say they are struggling to survive.


Studies show that more specialists mean more tests and more expensive care. “It may be better to wait and see, but waiting doesn’t make you money,” said Jean Mitchell, a professor of health economics at Georgetown University. “It’s ‘Let me do a little snip of tissue’ and then they get professional, lab and facility fees. Each patient is like an ATM machine.”

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Friday, February 07, 2014

 

The Royal Concept - Gimme Twice





This band sounds to so much like the Glands or Phoenix that, if I wasn't lazy, I would look it up and see if the lead singer for both bands wasn't the same.


The best Glands song was Lovetown.  

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Thursday, February 06, 2014

 

Physicist propose thermodynamic explanation for he origins of life

At the heart of England's idea is the second law of thermodynamics, also known as the law of increasing entropy or the "arrow of time." Hot things cool down, gas diffuses through air, eggs scramble but never spontaneously unscramble; in short, energy tends to disperse or spread out as time progresses. Entropy is a measure of this tendency, quantifying how dispersed the energy is among the particles in a system, and how diffuse those particles are throughout space. It increases as a simple matter of probability: There are more ways for energy to be spread out than for it to be concentrated. Thus, as particles in a system move around and interact, they will, through sheer chance, tend to adopt configurations in which the energy is spread out. Eventually, the system arrives at a state of maximum entropy called "thermodynamic equilibrium," in which energy is uniformly distributed. A cup of coffee and the room it sits in become the same temperature, for example. As long as the cup and the room are left alone, this process is irreversible. The coffee never spontaneously heats up again because the odds are overwhelmingly stacked against so much of the room's energy randomly concentrating in its atoms.

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Monday, February 03, 2014

 

Is The US-China Rivalry More Dangerous Than The Cold War?

In characteristically blunt fashion, Mearsheimer said that he hopes that China’s economy falters or collapses, as this would eliminate a potentially immense security threat for the United States and its allies. Indeed, Mearsheimer said he was flabbergasted by Americans and people in allied states who profess wanting to see China continue to grow economically. He reminded the audience that at the peak of its power the Soviet Union possessed a much smaller GDP than the United States. Given that China has a population size over four times larger than America’s, should it reach a GDP per capita that is comparable to Taiwan or Hong Kong today, it will be a greater potential threat to the United States than anything America has previously dealt with.

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