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Geithner's Legacy:
• zerohedge.comAs of this morning Tim Geithner is no longer Treasury Secretary.
Contents Pages by Subject
Economy - Economics USA
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Marc Faber Fears 1987 Redux As "Markets Will Punish Interventionists"
• zerohedge.com"Regardless of what the markets do near-term, a correction is overdue," Marc Faber tells Bloomberg TV's Betty Liu.
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Tim Geithner's Annotated Exit Interview: "F--- The Banks" And Other Pearls
• zerohedge.comToday is Tim Geithner's last day as Treasury Secretary. Below are some quotes from various exit interviews and recaps conducted with the former NY Fed president.
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Scam complete: the US government takes a page from Diocletian’s book…
• sovereign manEgan-Jones, a smaller rating agency, has been even more aggressive, downgrading the US credit rating three times in 18 months. And while the federal government may not have imposed Diocletian’s death penalty, they are just as willing to squash dissen
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Two commentaries debunk poppycock on wages
Menckens GhostThe following debunks conventional non-wisdom from most of the media and academia about the supposed stagnant middle class. Among other facts, it mentions the growing proportion of non-cash pay in the form of benefits that aren't included in governm
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Oshkosh Truck (OSK) Updates FY13 Earnings Guidance - OSK up 10% overnight
• Jags ReportCheck out Oshkosh truck, maker of heavy armored military noncombat vehicles, the ones they always need to replace.
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CHART OF THE DAY: Tim Geithner's Amazing Rally
• Business InsiderTreasury Secretary Timothy Geithner leaves office today, so it's as good a time as any to reflect on his performance.
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Here Comes New Home Sales
• Business InsiderNew home sales for December will be out at 10 a.m. ET.
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Microsoft, HP & Amazon Will Be The Next Tech Firms Taken To The Woodshed
• Business InsiderApple welcome to the world of “Commoditized Products”
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The Evidence Against Actively Managed Investment Funds Is Staggering
• Business InsiderThe amount of evidence stacking up that hedge funds, mutual funds and even private equity do not provide value for their investors is just staggering.
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Don't Believe The Myth About Americans Living Beyond Their Means
• Business InsiderBrace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating what’s left of the federal government’s discretionary spending.
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Does China Plan To Establish “China Cities” And “Special Economic Zones” All Over America?
• theeconomiccollapseblog.comWhat in the world is China up to?
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Amazon Sets Up (Really Big) Shop to Get You Your Stuff Faster
• Wired.comAcross the country, Amazon is erecting massive distribution centers in the nation’s exurbs to shorten the distance between online shoppers and the stuff they want.
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The Worldwide Demographic Cliff Is Going To Be Brutal
• Business InsiderTHE post-war generation of baby boomers - those born between 1946 and 1964 - have had a huge appetite on the world, creating "youth culture", changing social attitudes from the sixties onwards,
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Apple May Face First Profit Drop in Decade as IPhone Slows: Tech
• bloomberg.comEighteen months after taking over from Steve Jobs, Cook is facing rising production costs, competition from Samsung Electronics Co. and slowing growth in smartphones, threatening profits for the world’s most valuable company.
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Obama ‘will not oppose’ House GOP plan to suspend debt limit until May
• Washington PostForget about raising the federal debt limit. House Republicans are proposing to ignore it altogether — at least until May 18. The House plans to vote Wednesday on a measure that would leave the $16.4 trillion borrowing limit intact but suspend it
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$7.66 Trillion Of Stimulus In America From 2008 To 2012, Itemized
• Business InsiderThe U.S. Government took some enormous steps and continues to take enormous steps to right the economy.
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KRAUTHAMMER: Obama Declared 'The End Of Reaganism' And That 'Big Government Is Back'
• Business InsiderFox News contributor Charles Krauthammer called President Barack Obama's inauguration speech an "amazing" and "important" one — for the themes of progressivism and what Krauthammer called an "ode to big government."
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Bill O'Reilly: The U.S. Dollar will Collapse
• Daily Paul.comBill O'Reilly: The U.S. Dollar will Collapse
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To Survive the Coming Financial Hurricane, Physical Holdings of Gold and Silver Are a Must
• The Daily Bellhis Solution Provider Can Help You Now – Without Leverage or High Pressure Tactics
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Fitch ratings agency highlights threat of aging population time-bomb
• AFP“Whilst a successful resolution of the current fiscal crisis remains the most important driver for many advanced-economy ratings, without further reform to address the impact of long-term aging these economies face a second, longer-term fiscal shock,
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America's Real Spending Problem Is A Lot Harder To Fix
• Business InsiderConservatives have a legitimate gripe about America's excessive "commitments and obligations" to "unfunded liabilities" but their focus on Medicare and social security misses the larger point:
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How to Spend a $37 Venture-Capital Infusion
• Wired.comMaciej Ceglowski, the noted Silicon Valley venture capitalist, spent two weeks deciding how to award his much-anticipated first funding round.
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Ron Paul: Fiat Currency is NOT Wealth!
• Prison PlanetThe former Congressman breaks down the reality of a fiat currency.
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Houston, you have a problem with spending
Menckens GhostSelf-rule isn't working, folks, because it doesn't work with a brainwashed, unlearned and drugged citizenry. But don't worry: more money for public education, more computers and cops in the classroom, and more college degrees will fix this
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Hip, hip, hipaa, hooray! The government proves me right
Menckens GhostYesterday I published a commentary about the skyrocketing growth in regulatory-related jobs in both the private and public sectors--tens of millions of needless paper-pushing jobs that are crowding out jobs that produce goods and services of real val
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X Date: The New Fiscal Cliff
• Free Press PublicationsZeroHedge.com reports X date is approaching, that is “the day past which the US government will no longer be able to rely on 'extraordinary measures' to delay the day of reckoning, and will be unable to pay all its bills without recourse to additio
Mohamed El-Erian's 'New Normal' Is Ending — America's Watershed Moment Is Near
• Business InsiderIn 2009, Mohamed El-Erian, CEO of PIMCO – the world's biggest bond fund manager – coined the term "new normal" to describe the period of economic malaise the U.S. would experience in the wake of the biggest recession of a generation.
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WARREN BUFFETT: 'The Debt Itself Is Not A Problem'
• Business InsiderCBS's Rebecca Jarvis had a brief profile on billionaire Warren Buffett this morning.
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To Live Like A Middle Class Citizen In NYC, You Have To Make At Least $80,000
• Business InsiderThe New York Times set out to define what "middle class" means in Manhattan.
