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In The News – Thursday, July 31th Edition
Posted Jul 31 2014 8:00AM
  • Here’s a good example of a misleading headline courtesy of Bloomberg. If you just saw the headline you would think that Darth Sidious ex-Chairman Greenspan was warning of imminent disaster. Instead, if you actually read the story, you realize he’s just intoning common sense. The stock market has recovered so sharply for so long, you have to assume somewhere along the line we will get a significant correction” Doesn’t exactly live up to the headline’s hype, does it?

  • Here’s a good article about one of the most self-serving, self-annointed soothsayers in the “investment” business, Peter Schiff. I did a Bull/Bear segment on CNBC against him and, if I do day so, ate him alive. He has been sooo wrong for sooo long.

  • Frankly I’m surprised they beat Al Jazeera.

  • I have suggested that the immigration mess and the Executive Branch’s failure to enforce our laws might well become a lightning rod in the November elections. It appears that vulnerable Democrats think the same thing.

  • Well, enough is enough. This time the President may have pushed the envelope too far. “It’s one thing to destroy America’s health care system with a socialist scheme that has totally failed and is ruining our economy. It’s another thing entirely to designate yourself the 21st century Typhoid Mary by spreading your disgusting germs via a burrito bowl-based disease vector.”

  • Well, this is just great. Public Service Announcement from Michelle Obama.

  • Ahh. Southern Food. More particularly, Louisiana food. They didn’t even scratch the surface. Where were the Rocky Mountain Oysters, the Chicken Gizzards and any other number of staples?

  • This could be a big deal for Apple. Mobile Payments.

  • Someone made a big bet on a rally in the S&P 500. It’s a bet on the market rallying and also a bet that any correction will be mild. It’s called putting your money where your mouth is.

  • Here’s another headline that may be a little over the top, but it is based on truth. Chattanooga, Tennessee, my hometown, has the fastest internet speed in the Western Hemisphere. Only Singapore has faster internet speed.

  • A tanker loaded with $40M of ultralight oil left Texas for North Korea last night. It was the first time since the 70’s we have exported oil.