Monday, April 25, 2016

The Peanut Gallery

Statements, comments and forecasts that have no substance, but just might turn out to be relevant.

1.Tony Sagami: "Sadly, roughly 50 million Americans live below the poverty line—the largest number in our nation’s history—and the poorest 40% of all Americans now spend more than 50% of their incomes just on food and housing." Check out these numbers

39% of American workers make less than $20,000 a year.

52% of American workers make less than $30,000 a year.

63% of American workers make less than $40,000 a year.

72% of American workers make less than $50,000 a year.

COMMENT: No wonder Saunders and Trump are doing so well. Nobody is even listening to what they say!

2. Having adopted a negative interest rate on some excess reserves to penalize financial institutions for leaving money idle, the Bank of Japan may consider helping them lend by offering a negative rate on some loans, according to people familiar with talks at the BOJ. COMMENT: Pay the banks to give out loans....?! Somebody has lost their collective minds.

3.Terrrorists blew up a bus in Jerusalem a few days ago:



COMMENT: When the bus filled with real and not imagined innocent people exploded Bernie, did you feel the Bern? And then when the Jews of New York let you have it with both barrels...did you feel the Bern? 

4.(CNN): An experimental plane flying around the world without a single drop of fuel landed in California after a two-and-a-half day flight across the Pacific. Piloted by Swiss explorer and psychiatrist Bertrand Piccard, Solar Impulse 2 touched down in Mountain View just before midnight (3 a.m. ET). "It's a new era. It's not science fiction. It's today," Piccard told CNN from California after his successful voyage. "It exists and clean technologies can do the impossible." COMMENT: 

5.The Jewish Press: Prime Minister Netanyahu on Monday announced a new technological breakthrough in Israel’s effort to locate Hamas underground terror tunnels. Speaking after the announcement of the discovery of a terror tunnel reaching 90 feet into Israel from the Gaza Strip, Netanyahu boasted that the breakthrough had occurred only days earlier, making it a light-speed pace between pointing out the need for the technology, in August 2014, and the delivery. The new technology has been dubbed “Iron Dome for Tunnels,” COMMENT: Thje media is already dubbing it "The Iron Mole". 

6. In South Africa the ANC government is slowly (slowly?) losing its racist mind.
Four national sporting bodies have  had their "privileges" revoked, because they have not met their own "transformation" targets. In other words they have not reached the amount of black players in teams based on a percentage of the population. The sports are rugby, cricket, athletics and netball. The South African football federation qualify since 99% of the players are black. Bottom line, players are chosen on the basis of colour and not merit. COMMENT: In the US African Americans are 12% of the population. They make up 70% of NFL football teams. 

7. CNBC:China’s total debt rose to a record 237 percent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn. Beijing has turned to massive lending to boost economic growth, bringing total net debt to $25 trillion at the end of March, including both domestic and foreign borrowing, according to Financial Times calculations. COMMENT: By comparison, Greece is at about 170% and Italy 130%. The US is about 100%

“Sanity and happiness are an impossible combination.” ― Mark Twain

“Show me a sane man and I will cure him for you.” ― C.G. Jung


"Worrying is like a rocking chair, it gives you something to do, but it gets you nowhere" - Glenn Turner

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