Friday, September 14, 2012

Coming apart at the seams

-WH foreign policy is collapsing.
-WH, others had a 24 hour heads up on the Libyan Consulate assault and did nothing.  Well pp continuing campaigning.  Four Americans died including the US Ambassador to Libya.
-Maybe the WH and DNC had earlier info on the upcoming soft target Sept 11 assaults?  Proof, perhaps the reluctance to add back the words Jerusalem and God to the DNC platform at the Convention.  Remember, the senior senator from Illinois went bonkers when FSN just asked why were those words taken out in the first place?  Apparantly the person (s) to took out the words and later reinstall remains in hidding.  Couple that with a later pp snub of the Isreali PM for a meeting in NY after the UN session?
-Chicago Teacher Strike took to the streets last night, hard to distinguish the difference from Cario, Egypt?
-Gas prices last night in Cincinnati was $3.96/gal,  as crude nears a $100/barrel.
-With the Feds cranking up the $ printing presses, QE-3 was born.  Something close to $90 B/mo to be printed for a time to be determined later.  If hyper-inflation is the goal that's what is going to happen.   Only cheap money will  do is lower our $16T+ debt figure.  If the economy has been a pain YTD, take a deep breath when hyper-inflation takes it grip. However, its takes 12 to 18 months for these cheap $ to have an impact on the street.  A sugar high for investor, market crash to follow.

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