What did you do on Labor Day?
via youtube.com
Real Americans go Mud Bogging
Strategic Marketing Dude. Aging guitar hacker. I have been known to howl at the moon on occasion.
Currently working on my Social Media Strategy chops at Consensio.
"I always like to say if a private sector person does it, it's manipulation, but if the government does it it's policy. So they call it policy and they would say they had reasons for it, but in fact it was massively distorting." - Jim Rickards tells his clients to get out of stocks.
We have entered the terminal phase of a bond bull market ushered in thirty years ago by Paul Volcker, who drove interest rates over 20%. With 30-year U.S. government paper now under 4%, the easy profits have been made and the low-hanging fruit consumed. Investors today are shimmying out on a very tall and thin branch in search of higher “total return.” The snapping of the branch – sending investors big losses – may not be imminent, but it is inevitable.
As we at Casey Research have discussed and warned about often, the fiscal misadventures of the U.S. government will have their consequences. And one of the first victims will be bond investors as interest rates are forced higher, much higher, to attract buyers, particularly foreign buyers. When this happens, the total return on bond funds will be smashed.
The sad and pathetic irony: to escape the beatings endured in the stock markets, millions have sought safety in bonds. The punishment is not over.
We are afraid an awful lot of investors will be left asking, “What was I thinking?”
It's not a matter of IF but WHEN.
For most Americans, the terrorist attacks we now refer to simply as 9/11 were experienced in front of a TV set—remotely, tragically, awfully. Even those of us in New York at the time spent much of that terrible day glued to the television—seeking information, answers, guidance.
For New Yorkers—and indeed millions of Americans nationwide—that guidance came from one man: New York Mayor Rudy Giuliani. On Sept. 11, 2001, as we began to understand the horrible magnitude of the attacks on the World Trade Center towers, the Pentagon and on our nation, Mr. Giuliani, for a time at least, became the central figure to whom we turned.
Now, as we approach the ninth anniversary of those attacks, the National Geographic Channel presents "Giuliani's 9/11" (Monday, Sept. 6, 9-10 p.m. EDT), a remarkable documentary that takes us behind the headlines and into the former mayor's world on that fateful day.
In a series of candid and often moving interviews, Mr. Giuliani gives a personal account of the events of 9/11—from the moment he was informed that a "twin-engine plane" had crashed into the World Trade Center, to his decision to go directly to Lower Manhattan to assess the situation, to the inconceivable collapse of the South Tower (9:59 a.m.) and then the North Tower (10:28 a.m.), and finally to his news conference that afternoon that helped steel a shaken city and nation.
HT @FrankEliason.
The bombshell news Jets fans have been waiting for arrived shortly after midnight.
Darrelle Revis and the Jets have settled their impasse. Revis has ended his 36-day holdout. He has been rescued from Revis Island, at last. He will be at the Atlantic Health Jets Training Center today. He will play a week from tonight against the Ravens.
Rex Ryan got his man!
Revis got his deal -- four years at an undisclosed amount.
"I think it's a great deal for Darrelle," general manager Mike Tannenbaum said. "I think it's a responsible deal for the team."
I knew this would get done before the season started.
Except for the fact that they lost. :-)
On June 12, 1970 Doc Ellis pitched a no hitter. He later claimed that he was tripping on LSD during the game.
To which I say: Bring it, Big Guy!!Let's see if Rex Ryan gets invited to the FOX NFL pregame show.
Host Terry Bradshaw became the latest in a growing line to rip Rex Ryan for his bragging nature, saying once the regular season starts the Jets head coach will "shut up real quick."
"He doesn't play, easy for him to shoot his mouth off," the former Steelers quarterback told Louisiana television station KTBS. "He doesn't make a tackle, he doesn't run the ball, he doesn't make a catch or throw the ball.
"He just sits over there ... unfortunately, I don't think his players are quite as strong minded as he is, and he's putting a lot of pressure on his young quarterback, so if they can't run the football, they're going to have to throw it, and they can't pass protect ... He'll shut up real quick."
Bradshaw joins Patriots quarterback Tom Brady, former Patriots safety and NBC analyst Rodney Harrison, former Colts coach Tony Dungy, and Cowboys linebacker Keith Brooking as some of the high-profile NFLers who have ripped Ryan's act, featured weekly on HBO's "Hard Knocks."Bradshaw then added, "Y'know what, I don't like guys like that, OK."
"I don't think it's a good deal, but for Ryan, he feeds on that stuff, he likes that. So be it," Bradshaw said.
