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BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for December 2011

Bloomberg: Sara Eisen and Mike McKee with James Galbraith on Book 'Inequality and Instability' (Audio)

“I put them all in the same category,” he said. “They all are part of the status quo.”

"They claim it was a tidy $29.6 trillion."

"Put that in your pipe and smoke it."

Fisher, a former Playboy model who has also starred in soft-core porn films, prompted Hurd’s resignation from HP last year

She was Ronald Reagan’s partner in defeating the Soviets.

"The division between fiscal and monetary policy is actually somewhat artificial."

Bloomberg (With Ken Prewitt): Mr. Arthur Levitt calls Republican Candidate Ron Paul's appeal.... "Genuine and Straight."

The Darwin Economy - Robert H. Frank - Interviewed by Romesh Vaitilingam, 23 December 2011 --- VOXEU.ORG

And if Iran did build a nuclear bomb, he said, “What are the odds of them using it? Probably zero. They just are not going to commit suicide. The Israelis have 300 of them.”

New polls of Iowa Republicans this week suggest that Mr. Gingrich has lost more than half his support

“We really ought to let campaigns raise the money they need and just get rid of these super PACs,” Mr. Romney said on MSNBC.

The conundrum for the low-key Mr. Huntsman is that he is perceived as a moderate, and while he is banking on that perception to some extent, he also rejects it.

The N.C.A.A. has neither an antitrust exemption nor a player’s union to negotiate with.

Egypt’s generals claim that they are protecting their country.

“Farmers are pushing as hard as possible to get every last bushel out of every last acre.”

Ten prisoners from the paramilitary Irish Republican Army starved themselves to death in a protest that lasted from March until October.

“Pot, not a great idea in the office. It troubled me, probably because they were actually dealing the pot out of the office while I was in the middle of running a several-hundred-million-dollar Ponzi scheme.”

“It’s now clear that not only can lotteries sell tickets online, but also games that look like slot machines and poker.”

VIVALDI... Concerto for Violin (Guitar), Strings and Continuo in A Minor, R. 356: II. Largo

VIVALDI... Concerto for Lute (Guitar), Two Violins (Strings) and Continuo in D Major, R. 93: II. Largo

Music for the gods... Vivaldi...

“Ron Paul’s not going to be our nominee,” Romney said.

“Bank of America is too big to fail, but I’m not sure I’d want to be an equity holder.”

A REFLECTION ON THE POLITICAL ESTABLISHMENT???? "In August, Standard & Poor’s cut the country’s credit rating from AAA to AA-plus."

The government is seeking to reassure markets that it has a plan to get a grip on its public finances at the same time as it tries to kick-start an economy saddled with sky-high unemployment.

ALEX... um... that would be ETFs, derivatives, and program trading????

The government still has not let journalists travel to the country, as it had promised.

"But in the absence of that symbolic step, the White House wants gay people to know that it stands with them."

That was quick...

Higher Taxes

Go Ford Go!

WILLIE...

“You should choose your fights wisely,” he said. “If it’s not there, don’t invent something, don’t shed blood needlessly.”

“Sure, I want to win Iowa. Everyone wants to win Iowa,” Mr. Romney said

“Macro risk is combined with the sovereign-debt risk and that’s far from being resolved.”

“The boom, not the slump, is the right time for austerity at the Treasury.” So declared John Maynard Keynes in 1937

Kimber Harmon, 54, who described herself as a homemaker in Hollis, N.H., favors Mr. Huntsman, a long-married father of seven, explicitly contrasting his personal life with that of Mr. Gingrich.

“These options gave executives a highly leveraged bet that stock prices would rebound from their 2008 and 2009 lows, and are now rewarding them for rising tides rather than performance.”

In the film “Pulp Fiction,” Harvey Keitel plays the Wolf...

Still, RIM is a large acquisition to swallow, limiting the pool of buyers.

“Ms. Fisher was horrified,” the letter says, and after an hour of refusals, she eventually left. “You told her that no one had ever rejected you before and were clearly miffed.”

For the record, World Peace will cost you $49.99 at the N.B.A.’s online store

While as toddlers they interact similarly with the company’s Duplo blocks, by preschool girls prefer playthings that are pretty, exude “harmony” and allow them to tell a story.

Crony Capitalism: Defined and Illustrated

“There was a big hype at the time -- it was, ‘here we go, we’re going to take care of it and it’s going to last 90 days.’”

Buy this dip? “The bubble is in paper currency creation, not in physical gold.”

David D. Kirkpatrick reported from Cairo and J. David Goodman from New York.

“Boeing views Saudi Arabia as a market with great potential and has made it a priority to invest in Saudi Arabia’s aviation industry,” said Boeing Chairman Jim McNerney

The agreement is part of a broader 10-year, $60 billion arms package for Saudi Arabia that Congress approved a year ago.

Companies contemplating similar deals may hold off until the next presidential election in the hope that a Republican White House would make it easier to win approval for big (monopoly) transactions

Bloomberg Radio: Ken Prewitt and David Kotok: Rehypothecation!

Bloomberg Businessweek: The Housing Hangover

In a speech to the crowd, he also called on the North Koreans to “solidify the monolithic leadership” of Kim Jong-un.

“What would Ron Paul do?”

Mr. Paul marveled at the crush of reporters and cameras at his first event, a reflection of the new attention and scrutiny that his campaign is attracting.

“There will be a lot of volatility, but as people realize the underlying structural weaknesses of the BRIC economies, you’ll see money coming out,” Deutsche Bank’s Smith

"I have found ways not to have to buy gas and so I’m going to keep doing that.”

J.M. Hamilton: Always Cutting Edge... Often Prescient!

JM Hamilton: Often Ahead of the mainstream: "As 2012 proceeds, this disgust with the two parties could well give birth to a third-party candidacy, quite possibly in the person of Paul himself."

Japan also has bilateral swap deals with Indonesia, the Philippines and China.

“I do think it's possible that he views gays personally with disgust while maintaining a belief that the government should not regulate their lives.”

“The problem is that we need to re-launch economic growth but there isn’t a lot of money to do this. It’s a huge problem and they don’t know how to do it.”

“It’s true that the church doesn’t have a First Amendment right to have a government contract,” he said, “but it does have a First Amendment right not to be excluded from a contract based on its religious beliefs.”

Those sanctions have not targeted Iran’s oil exports, the world’s third largest. But in recent weeks, the European Union has talked openly of imposing a boycott on Iranian oil

The heavy use of the deposit facility indicates that banks in the euro zone remain wary of lending to one another

U.S. District Judge Robert Gettleman in Chicago approved the AIG settlement on Dec. 21, calling it “fair, reasonable, and adequate.”

Bernanke “is a good teacher,” she said. “This is his strength.”

Republicans should be focused on who can win the general election, not who has the most muscular conservative DNA.

“One thing he can do as commander in chief is he can pull all our troops home,” Mr. Santorum said. “He can shut down our bases in Germany."

Ron Paul long ago disqualified himself for the presidency by peddling claptrap proposals like abolishing the Federal Reserve

It gets even worse in the derivatives markets...

“When did I get ‘Heart’s Greatest Hits’?”

Geekmom.com.... and the Price of Legos!

Atlanta and Las Vegas posted new post-peak lows in October, the report showed.

More and more, banks are losing talent to Teach for America, a fact that may turn out to be one of the most heartening consequences of the financial crisis.

The details of a possible government takeover also remain murky.

“There’s a lot of walking dead.” “There’s a lot of walking dead,”

Nineteen of the 20 cities experienced price declines: Real Estate....

“I was among those who helped President Putin stabilize the political system. I was among those who helped President Medvedev liberalize it.”

“Our motto is friendship and brotherhood, but Westerners are not willing to abandon their plots.”

And nothing could be more contrarian, in the early years of the last decade, than for a hero of the left to embrace George W. Bush. It breathed new life into Hitchens

Mr. Diez, as it turned out, was one of more than 240,000 people in North Carolina with a permit to carry a concealed handgun.

Noncompliance would be punished with a withholding charge of up to 30 percent on any income and capital payments the company gets from the United States.

The moves might reduce the dominance of the U.S. dollar in East Asia, the world's fastest-growing region.

Dien Bien Phu & the Last Empire

That sort of sounds like something we should regulate, doesn’t it?

Tuesday 27: Against the backdrop of better housing news, investors will closely watch the S&P/Case-Shiller home price index in the holiday-shortened week.

“There were people who claim that they wanted somebody who was more of their Tea Party aspect, but in doing so they killed off the Republican chances for majority,” Lugar said.

“The fair-trade movement has profoundly lost its way.”

Investing in Europe is not without risk; a big bet on European sovereign debt helped bring down MF Global, which went bankrupt on Oct. 31.

The C.I.A. has conducted 64 missile attacks in Pakistan using drones this year, compared with 117 last year and 53 in 2009, according to The Long War Journal

"But a look at the trajectory of Mr. Paul’s career shows that he and his closest political allies either wittingly or unwittingly courted disaffected white voters... where the far right and the far left sometimes converge."

Rick Perry’s campaign went after Mr. Obama with a similarly deceptive ad that takes an out-of-context approach to the president’s remarks

“Venture capital is absolutely foaming at the mouth over big data.”

“It all hinges on why the account was opened,” he said.

Also according to their postings, the breach appears to have been conducted in retaliation for the arrest and imprisonment of Pfc. Bradley Manning

The expansion of top domains could be costly for businesses

"My response is, there are no good or bad bonds, just good or bad prices," Kuhn says.

Hope springs eternal. But in 2011, bullish investors may have wished they had exited commodities before spring turned into summer.

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