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"November blew away even the most pessimistic estimates"

Wednesday, December 10, 2008, 6:36 PM

Amidst all of the Fuzzy Numbers offered up, there are two that I trust implicitly because they cannot be gamed, massaged, seasonally adjusted, imputed, or hedonically inflated.

They are taxes and gaming revenues.

Today there were a couple of mind-blowing numbers. Think about these next two articles as if you were a government budget official trying to make plans or a social scientist attempting to assess the current social mood.


Daily Digest - Dec 10

Wednesday, December 10, 2008, 4:03 PM

Oracles of doom, consumer credit decreases, world's hungry near 1 billion, the financial "experts" speak, and hotels in for some rough sailing.


Floating on air: Treasury bills go negative

Tuesday, December 9, 2008, 5:30 PM

Separating truth from fiction, especially when listening to politicians and Fed officials talking about the positive aspects they see in our economy, is never easy.

However, separating words from actions is as easy as pie.

Today, something so unusual happened in the world of bonds that I have to tell you about it. (All quotes below from this one article).


Daily Digest - Dec 9

Tuesday, December 9, 2008, 7:56 AM

Demise of the middle class,  CSFB forecasts more than 8 million foreclosures, November job losses analyzed, pending home sales expected to drop, Big Three nationalized, Chicago workers continue their sit-in.


Daily Digest - Dec 8

Monday, December 8, 2008, 1:11 PM

Fred Thompson on the economy (video), Time & Co. to borrow against flagship building, Hard Numbers by Kevin Phillips, Paul Volker is back, Nassim Talib on bystanders....


DVD .ISO Master Files available on BitTorrent

Sunday, December 7, 2008, 11:18 PM

If you are located in North America, the best way to get the Crash Course on DVD is to place an order for as many copies as you need at As described in an earlier post, they are very inexpensive in quantity and will begin shipping on Monday Dec. 8th.

If you need the PAL version of the DVD (which works in Europe, Africa, and much of Asia), or if you prefer to download and burn your own NTSC version (which works in North America, western South America, Japan, South Korea, etc.), you can use BitTorrent to download the master file for the DVD (called a .ISO file) and make your own DVD using your computer's DVD burner. Instructions follow:


New Martenson Report ready

Sunday, December 7, 2008, 10:15 PM

Part II of the prior Martenson Report is now ready.

A Crisis Is a Terrible Thing To Waste (Part II) - Quantitative Easing


The Fed has begun a very aggressive program of money printing (that goes by the fancy name “quantitative easing”) and shows every indication of continuing this program into the indefinite future. Chances are that the Fed will err to the inflationary side with this program, raising the prospect of serious inflation emerging at some point over the next year.


DVD Fulfillment Update

Sunday, December 7, 2008, 12:49 PM

UPDATED Dec. 9th 2:00pm Eastern Time

Our initial order with our fulfillment partner was for 10,000 DVDs, but All 10,000 discs sold out in the first 36 hours! As of this morning (12/9), we have orders for more than 14,000 DVDs! The first 10,000 discs were shipped from Texas today, Dec. 9th. The vendor is now producing another 7,500 DVDs and expects to ship the remaining orders on Wednesday or Thursday of this week, still in plenty of time for Christmas.

If you have not yet placed your order, I recommend you do so immediately. There are about 3,000 more DVDs in the 2nd production run that can be shipped in time for Christmas. Once they're gone, subsequent orders won't arrive until after the holiday.

The vendor is still saying that regular ground orders placed before 12/12 "should" make it well before Christmas, provided that the remaining 3,000 DVDs don't sell out. However, I know FedEx ground has had problems with the holiday rush in past years. If you place new orders for ground shipment, they "probably" will arrive before Christmas, but you should be aware of the risk that they might not.

Ordering info is repeated below:


Daily Digest - Dec 7

Sunday, December 7, 2008, 10:56 AM

Foreclosures soar to record 1.35 million,  unemployment in the Great Depression, minimum pricing battle, job creation by administration, and more bailouts.


Daily Digest - Dec 6

Saturday, December 6, 2008, 10:10 AM

Gold price manipulation,  bailout lacks coherence, liquidity trap, Citi Ponzi scheme alleged, Harvard endowment loses 22%, worst retail in 35 years, China faces social unrest, one-in-ten (!) mortgages in forclosure, Jon Stewart video, CA issues IOUs to vendors, community proposes to print own money, and a challenge from Chris Whalen to Timothy Geithner.