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Cianfrocca

  1. Read Art Laffer's great WSJ op-ed, debunking the "Buffett Rule": on.wsj.com/zg3oO2
  2. Good analysis by Bruce Krasting on the nature of Social Security (it's a Ponzi after all): read.bi/pt0wEV
  3. My reading of what happening in the capital and stock markets yesterday afternoon: redstate.com/blackhedd/2011… via @redstate
  4. I'm on radio: America's Morning News with John McCaslin, Aug 8 at 6:30 EDT, to talk about the debt, econ, and the crazy markets. Listen in!
  5. Obama goes fundraising tonite. "Folks, Timmy and I just got a whopper of a margin call. So please, get out those checkbooks and dig deep!"
  6. Stanley Fischer out of contention for IMF head. Big surprise. See also: bit.ly/il85hz
  7. Dan Alpert on the macro outlook: bit.ly/jW8sRd
  8. On the GM/Chrysler bailouts: they were ILLEGAL. Obama simply transferred assets from bondholders to the UAW. Romney made this point lst ngt.
  9. China growth slowdown: I don't think it's as bad as many are saying. Net of (high) inflation, all sectors still growing by BIG numbers.
  10. @bdomenech @JimPethokoukis Could well be true for end-users like the Chinese. I'm not so sure about finance types though.
  11. The new IMF head won't be Brown, an economist, or a non-European. Merkel's support will be decisive. My money is on Lagarde.
  12. @bdomenech How many recent movies can you name that DON'T have clever girls? Girls are the new movie geeks, except they're attractive too.
  13. FT reports MSFT to buy Skype with foreign earns that they can't repatriate due to onerous tax treatment. NOW we know why they overpaid!
  14. Listen to my podcast on Coffee & Markets: http://bit.ly/jACzQn: the Senate had the grilled-oil-executive entree yesterday. Medium rare.
  15. DoD to cut $400bn over 12yrs but expects to KEEP $3.2bn for cybersecurity http://is.gd/psWUCO #bayshorenetworks #layer7firewall
  16. Big Oil execs get beat up in Congress today, but don't cry for 'em. That is, unless the oil price keeps falling.
  17. AWFUL 30-year-bond auction, rates up sharply. Dollar lower, commodities much less bad than this AM. Consequence: stock rally.
  18. @adamsbaldwin Because govt can't keep spending in deficit otherwise. Rates will plunge and stocks will follow. But no more spending? Imposs!
  19. Bernanke to Senate: "Increase the debt ceiling now!" He's right. Congressional Republicans are playing with fire here.
  20. 4 Dem Sens push SEC to force corporations to disclose cyber-attacks: http://on.wsj.com/jCfbBc.