Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and elsewhere in Europe and the sudden trading suspensions by three UK commercial property funds.
If this is beginning to sound like August 2007 that’s because it is. And the denials from the casino operators are coming in just as thick and fast.
Like all employees of the FBI, James Comey lives off the sweat of the American taxpayer. His large salary, upon retirement, will be converted into a very generous pension. Like most federal employees in a high ranking position like his, Comey continues to look forward to decades of living at a standard of living far above what is experienced by ordinary people in the private sector.
1. The Mistake of Only Comparing US Murder Rates to “Developed” Countries by Ryan McMaken
2. First the UK, then Scotland ... then Texas? by Ryan McMaken
3. FBI: US Homicide Rate at 51-Year Low by Ryan McMaken
Last month, the Supreme Court issued an opinion regarding the case of Edward Strieff. In this opinion, the majority of the Court argued that it is constitutional for a police officer to detain someone without suspicion and demand their identification in order to see if they have any outstanding arrest warrants. (Or, more accurately, they consider such a search illegal, but will still accept in court the evidence obtained via the illegal search.)
In a speech to the American Society of Newspaper Editors on April 3, 2012, President Obama called a budget proposal of his Republican opponents in Congress “thinly veiled Social Darwinism.”
It is widely held that financial asset markets always fully reflect all available and relevant information, and that adjustment to new information is virtually instantaneous. This way of thinking which is known as the Efficient Market Hypothesis (EMH) is closely linked with the modern portfolio theory (MPT), which postulates that market participants are at least as good at price forecasting as is any model that a financial market scholar can come up with, given the available information.
In its most recent attack on gun ownership, The New York Times went out of its way to confuse gun homicides with homicide in general. As I noted here, this is a rhetorical trick used to mask the true homicide rates in other countries in order to make the United States look like an outlier.
Another trick employed by gun control advocates is to lump gun-inflicted suicides in with gun homicides as in order to inflate the total number of “gun violence” events.
