Week in review

Quote of the week

“The neocons love the foreign policy group that [Obama] has put together. So it is just a matter of time before the Democrat base that did not want him to continue the Bush-McCain policies… they are going to get pretty upset I think pretty soon.” – Ron Paul

Free-market Thinkers

by Charles Scaliger

“[T]he free markets, we are told, have failed, and more government supervision and central planning is the only possible cure. In truth, the economic meltdown we are now experiencing is a result of government intervention, not the free market. But that does not stop the proponents of interventionism from blaming the market for the problem and advocating more intervention as the solution.” more…

The Crisis in 10 Points

by Robert Stewart

“The financial crisis of 2007-2008 was a Ponzi scheme writ large. A pyramid scheme is always unsustainable for the simple reason that it is based on faulty principles and built on flawed foundations. Until too late, no one in authority (regulators, risk managers, senior bank executives, credit-rating agencies, investment analysts) asked the key question, namely, how on earth was it possible in the long term to make profits by lending money to people whose chances of paying it back were practically nil?” more…

Here Come the Progressives

by Justin Raimondo

“Those who are hoping for ‘change’ – the mindless slogan relentlessly pushed by the Obama-ites until it becomes a mantra devoid of meaning – are in for a shock. What we’ll see in the foreign policy realm is more of the same, including a fresh crop of neocons with considerable influence among key policymakers. As a new year dawns, it’s the same old same old.” more…

In the news…

  • Army says we need more active duty troops.

DOW Jones Industrials – 9,034.69
Wilshire 5000 – 9,364.55
CSI 300 (China) – 1,817.72
BSE 500 (India) – 3,725.38
MICEX (Russia) – 619.53
BOVESPA (Brazil) – 40,244.22
Gold/oz – 879.50
Silver/oz – 11.49
Copper/lb – 146.10
Oil/bbl (Brent) – 46.91
Wheat/bu (CBT) – 6.11
Corn/bu – 4.1225
Dollar/Euro – 1.3923
Yuan/Dollar – 6.8185
Yen/Dollar – 92.205
Dollar/Real – 0.4314
3 Month Treasury – 0.08
2 Year Treasury – 0.82
10 Year Treasury – 2.37
30 Year Treasury – 2.79
Fed Target Rate – 0.25
U.S. Public Debt – 10,699,804,864,612.10
Baltic Dry Index (BDIY:IND) – 773.00


Well, I’m a little late getting this out, so I’m going to keep it short. I took the week off for the most part, well, since Wednesday. The news is light, because well not much happens the week between Christmas and New Year’s Day. It’s my favorite week of the year for what it’s worth. So peaceful and calm.

Two things. I added the Baltic Dry Index to my list of numbers. It’s an interesting one. It’s a measure of shipping activity.  Also, this civics literacy test is pretty interesting. See how well you do.

Next week it’s back to the grind. Until then I wish you a happy and prosperous new year.

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