July 2012 Archives

Salutes to the Homeys


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     Blogger Pater Tenebrarum of Acting Man put it nicely today: Since Mario Draghi "bought" European bankers and politicos a summer vacation by promising to pull out all the stops to save the Euro, this blog will take a break (not a vacation) for a week from the nauseating ongoing melodrama of international finance and instead offer reviews of the other bloggers and podcasters out there that I follow.1. Outstanding for consistent excellence, acuity,...

What the Summer Breeze Said


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     Europe is giving new meaning to the term "bootstrapping," the age-old (virtuous) idea of picking oneself up off the floor after some blow or reversal of fortune has laid you low. The new method might be called "skyhooking" in which a massive rescue apparatus secured at some mysterious point unseen in the clouds lifts whole exhausted nations from their knees in order get them to summer vacation. Hence: the interesting spectacle of an...

The Rising


803 Comments

     The word lamppost is popping up lately with alarming frequency in connection with the word banker in all kinds of respectable places, and I don't think this refers to, say, men in Armani suits searching for their car keys where the light is shining on the sidewalk after quaffing a few rare cuvee jeroboams of Louis Roederer Cristal. Rather, it seems to suggest a certain unease with the levers of jurisprudence in this...

The Drowning Pool


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     News that that a swarm of termites deep inside the British banking system have been fiddling the interbank interest rates (LIBOR) for years in order to systematically vacuum a few billion pence off the exchange floors for themselves is the latest blow to the credibility of the global money system - and probably a fine overture to a looming climactic implosion of the gigantic, creaking, smoldering, reeking, duck-taped edifice of broken promises, booby-trapped...

Hostage Racket


592 Comments

     Not to put too fine a point on it, but didn't that cunning rogue Chief Justice John Roberts pour a jug of Karo syrup into the gas tank of America's twelve trillion cylinder engine? Or, put another way (forgive the metaphor juke), didn't he just give President Obama enough rope to hang himself? Out to dry, that is. Roberts must know exactly what he is doing: prompting x-million young and/or poor voters to...
 
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