Saturday, April 18, 2015

Weekend news

Here's some weekend reading:

MSNBC - GOP passes a $269 billion tax cut exclusively for millionaires and billionaires. The Republicans really are the party of the kleptocratic elite, and now they aren't even trying to hide it anymore. A more enlightened nation would hang every last one of the bastards.

Macro Musings - it takes a regime shit to raise an economy. An argument for combatting ZLB stagnation with a nominal GDP target, instead of a 2% inflation target.

Reuters - India worries gains may be lost as trade deficit widens. Everyone thinks Narendra is so great, but what exactly has he done so far to help India produce even one thing that the rest of the world actually wants to buy from them? If he wants to double exports, he's going to have to find something in his country worth selling, and they can't even grow their own fucking onions. - pension funds join clamour for Barrick board extermination. The strange thing here is that pension funds, including the Ontario Teachers, have put even one red fucking cent into Barrick, or into any other gold miner. How's your investment return, guys? Are you even outperforming SPY? - which way will PMs break? Jojo's not sure, and it takes him 552 words to say that. Hah! I find your lack of faith disturbing, Jojo! The ability to do TA is insignificant next to the power of the force! Dude seriously, PMS go up in the spring when the Indian jewellers start buying. There's your answer. Now gimme my consultancy fee. - How does Miranda Gold still get press? Damn, again with Ken Cunningham getting press for his $7M market cap company! I'm sorry dude, but whenever I think of "Miranda", I think of the scene from Serenity where River Tam gets the post-hypnotic assassination trigger signal from the Japanese TV commercial and goes:

And sure it's always fun to watch Adam Baldwin get elbowed square in the nuts.

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