Posted by Randall A Reinwasser on Tuesday, January 31, 2012,
In :
Stocks
Last week, the Fed announced its intention to keep short-term interest rates at an incredibly low level through 2014. Not only does this strengthen the argument that Ben Bernanke is a murderer of the middle-class (i.e. savers) but it will cause certain market segments to win and others to lose, over the next three years. Jim Jubak handicaps the race for profits based on this incredibly irresponsible policy move by the Fed. ---------------------------------------------------------------------... Continue reading ...
Posted by Randall A Reinwasser on Monday, January 30, 2012,
In :
Culture
Ahh, the Super Bowl. That special time of the year when degenerate gamblers have the opportunity to wager on all sorts of crazy propositions. Last year, I thought the betting opportunities were incredibly creative, but the online sports books have really outdone themselves this year. Here are some of Bodog's finest ways for you to lose your money:
Will the NY Giants score in every quarter? (Yes +210)
Largest point lead of the game will be over/under 13.5?
Posted by Randall A Reinwasser on Tuesday, January 24, 2012,
In :
Culture
"If we're so able to vividly remember the worst a man did, can't we also remember the best?:
Joe Paterno's True Legacy by Rick Reilly
Maybe you will never be convinced Joe Paterno was a good man who made
one catastrophic mistake, but do you have time for just one story?
In 2000, Penn State freshman defensive back Adam Taliaferro had his
spine crushed when tackling an Ohio State player. He lay on that
September field paralyzed and panicked.
Posted by Randall A Reinwasser on Monday, January 23, 2012,
In :
Personal Finance
We've all done it. You build up a big balance in an airline or hotel rewards program, don't use their services for a year or two and WHAMMO your points are gone because those bastards didn't give you a heads-up your points were about to expire. There's an easy way to stop that from happening. Just sign-up for a free service like Award Wallet and they'll alert you when your points are in jeopardy of expiring. They offer both a free service and a premium service for $10/year. Moreover, the... Continue reading ...
Posted by Randall A Reinwasser on Saturday, January 21, 2012,
In :
Politics
In this compelling article, Laurence Vance defines what an Isolationist is and isn't. --------------------------------------------------------------------------------------- Is Ron Paul an Isolationist? The Future of Freedom Foundation
Speaking in South Carolina just before Christmas, Newt Gingrich “sharply criticized Mr. Paul for what he said were his isolationist views on foreign policy.”
Posted by Randall A Reinwasser on Monday, January 16, 2012,
In :
Economy
Your IPhone Was Built by 13 Year Olds Working 16 Hours a Day, For 70 Cents an Hour by Henry Blodget
We love our iPhones and iPads.
We love the prices of our iPhones and iPads.
We love the super-high profit margins of Apple, Inc., the maker of our iPhones and iPads.
And that's why it's disconcerting to remember that the low prices of
our iPhones and iPads — and the super-high profit margins of Apple — are
only possible because our iPhones and iPads are made with labor
practices that would...
Posted by Randall A Reinwasser on Thursday, January 12, 2012,
In :
Permanent Portfolio
No surprise here...for the 35th time in the last 38 years, the Permanent Portfolio (PP) finished the year with a gain. The PP returned investors 7.1% in 2011, which was about half of last year's 13.8% return. The PP easily outperformed the S&P 500's 2.1% return (including dividends).
The returns for each asset category in 2011 were:
Stocks +2.1%
Long-term bonds +17.2%
Gold +8.9%
Cash +.05%
If you're unfamiliar with the Permanent Portfolio, it's an investment strategy created by the late Harr...
Posted by Randall A Reinwasser on Tuesday, January 10, 2012,
In :
Politics
Big surprise, all the Washington war mongers are full of sh*t...at least this time we have proof before they start another senseless war with Iran.
Panetta admits Iran not developing nukes The Raw Story
U.S. Defense Secretary Leon Panetta let slip on Sunday the big open secret that Washington war hawks don’t want widely known: Iran is not developing nuclear weapons.
Appearing on CBS’s Face the Nation on Sunday, Panetta admitted that despite all the rhetoric, Iran is not pursuing the abil...
Posted by Randall A Reinwasser on Friday, January 6, 2012,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the silver inventory dropped sharply for nearly
three straight years and bottomed this past June at 98 million ounces.
This rapid drop led many silver observers to believe we were on the
precipice of a severe supply crunch in silver that would lead to a
skyrocketing silver price.
