(Ellijay, GA) Have the Kleenex ready for the nose bleed when the markets opening in a few minutes. No surprise here, though. Since it’s a given that Romney would attempt to extend tax cuts, and is considered more business-friendly than Barack Obama, the pre-opening performance of the markets today offers insight into who really won last night’s final presidential debate. Don’t need to “ex-spurt commentators” when we have a ticker, now, do we?
With gold down almost $20, and with the futures showing a distinctly negative opening is ahead for the Dow and S&P (*at least at press time) the markets are worrying that tax breaks and some kind of rollback of Obamacare is fading. 100 to 200 down, perhaps?
On the other hand, while the markets are saying one thing, we see plenty of conflicting data which could confuse economically unsophisticated folks. Just to see what the “search engine oracle” would come up with, a Google news search of “Obama won” showed 52,000 returns while a search of “Romney won” returned only 28,300 hits.
Of all of the pre-debate interviews we watched last night, I think I was most impressed with Gloria Steinem’s view that the real (e.g.. moderate/progressive) republican party had been highjacked by its conservative wing. Which, as I thought about it, is why I’m voting third-party this year.
Hats off to Wikipedia for trying to sort out the two major candidates this year, although their efforts are highly contentious.
Stupidity Is Contagious
Well, after Mayor Mike decided to come down on oversized drinks (a bad idea, not because of health issues (real) but because government has enough it’s already doing badly, so why add to the list?) seems like stupidity is going viral.
Why, next thing you know, we’ll have government sending over inspectors for dinner to make sure you ate all your carrots and peas… I think we file this under legislated morality, don’t we?
Meantime, the Fooled and Drugged Administration (You know, the ones who approved colchicine going off generic to “fund research” which is already covered in 17,848 related papers…) is looking at high caffeine drinks as a possible health risk. D’oh….there are 25,757 papers to choose from on wakey-wakey.
Hey! Why not triple the cost of energy drinks to fund a study? Worked for gout sufferers…so let’s scale and roll, shall we? FMTT.
No one seems to be picking up the chorus as I sing verse after verse of no regulators should be allowed to work in the industry they regulate for 10-years after leaving government service. Why am I not surprised?
Middle East Implosion Imminent
It’s kind of like a fire that is smoldering and putting out lots of smoke before bursting in flame as Lebanon is having all kinds of internal strife over divided loyalties now.
You know, it dawned on me in a moment of clarity this morning that if religion was totally banned in that part of the world there’d be nothing to fight about…
Of course, that would end a lot of power-tripping and that would….oh, we don’t need to go there, I suppose.
Ah…shades of our take on longwave economics as Dr. Doom (Marc Faber) is telling CNBC that the West has to cut government by 50% now or we’re really going into the financial crapper shortly.
Of course, we hold these truths to be self-evident and Faber will be – once again – proven right.
Near as I can figure it, about the only choice between presidential wannabes is whether we take the tollroad (Obama) or the surface streets (Romney) to get there.
Spanish industrial output shrank for a 5th quarter in a row amidst bailout talks but don’t let that bother you.
So, wonders a new article out today, are whales make human-like voice noises?
Flip side of the question also lingers; Do people make human-like noises?
More after this…