Week in Review

Quote of the week

“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.” – Thomas Jefferson

Congress Must Reject the Welfare/Warfare State

by Ron Paul

“It is time for Congress to get serious about cutting spending, not merely tinkering around the edges of the proposed budget and kicking the can down the road for future generations. If we fail to act decisively now, there will soon come a time when both our money and our capacity to borrow will run out. When that happens, our ability to negotiate and play political games with spending priorities will be over. To avoid real chaos, the time to start dealing with our bloated government budget is right now.” more…

The Political Economy of Government Employee Unions

by Thomas DiLorenzo

“American taxpayers finally seem to be aware that they are the servants, not the masters, of government at all levels. Government-employee unions have played a key role in causing bankruptcy in most American states, and their pleas for more bailouts financed by endless tax increases are finally ringing hollow.” more…

DNA “Genetic Patdown” Introduced to Airports by DHS

by Nicholas West

“A new level of invasive screening is scheduled for airports this summer: a portable DNA scanner to conduct on-site, real-time genetic testing.” more… [Officially the TSA denies everything. The comments on the TSA blog post are worth skimming.]

How the News Impacts Your Health (and What You Can Do About It)

by Mark Sisson

“In the end, the question remains: is there a way to be informed in a meaningful, deeper sense while not immersing ourselves in the constant barrage of bad news? While we all have the power to turn off or throw out the TV or otherwise unplug, there’s got to be a healthier middle ground between sticking your head in the sand and putting yourself in the middle of every human tragedy. What information truly obliges our attention for the sake of self-improvement and social action and what information simply constitutes unnecessary – even cruel – emotional clutter?” more…


  • The Bain Report
  • One failed bank this week.
  • Failure Friday
  • Amazon Best Sellers: #1 The 17 Day Diet: A Doctor’s Plan Designed for Rapid Results by Mike Moreno; #2 Tell to Win: Connect, Persuade, and Triumph with the Hidden Power of Story by Peter Guber; #3 A Dance with Dragons (Song of Ice and Fire) by George R.R. Martin

And now the numbers…

DOW Jones Industrials – 12,169.88 (+39.43/0.33%)
S&P 500 – 1,321.15 (+1.27/0.10%)
VIX – 19.06 (-0.16/-0.83%)
CSI 300 (China) – 3,270.666 (+73.049/2.28%)
BSE 500 (India) – 7,090.36 (+278.45/4.09%)
MICEX (Russia) – 1,780.62 (+32.90/1.88%)
BOVESPA (Brazil) – 68,012.102 (+1,109.571/1.66%)
Nikkei 225 (Japan) – 10,693.66 (+166.90/1.59%)
RICI (Commodities) – 4,308.77 (+144.57/3.47%)
Oil/bbl (Brent) – 115.97 (+3.54/3.15%)
Corn/bu – 728.00 (+6.00/0.83%)
Wheat/bu (CBT) – 832.25 (+21.00/2.59%)
Rough Rice (CBOT) – 14.19 (-0.12/-0.84%)
Copper/lb – 448.55 (+3.05/0.68%)
Gold/oz – 1,428.60 (+19.30/1.37%)
Silver/oz – 35.327 (+2.404/7.30%)
EUR-USD – 1.3987 (+0.0233/1.69%)
USD-JPY – 82.316 (+0.64/0.78%)
USD-BRL – 1.6546 (-0.0138/-0.83%)
USD-HKD – 7.789 (-0.0044/-0.06%)
NZD-USD – 0.7383 (-0.0133/-1.77%)
3 Month Treasury – 0.11 (-0.01/-8.33%)
2 Year Treasury – 0.68 (-0.03/-4.23%)
10 Year Treasury – 3.49 (+0.08/2.35%)
30 Year Treasury – 4.60 (+0.10/2.22%)
3 Month LIBOR – 0.31 (UNCHG)
U.S. Public Debt (official) – 14,182,086,199,057.00 (+62,278,377,037.50/0.44%)
Baltic Dry Index (BDIY:IND) – 1,346.00 (+104.00/8.37%)

Again this week I have to cut it short, the main reason being that I am traveling and relaxing. I’ll be back on-time next week and hopefully with something interesting to say. Have a nice week!

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