Where’s the party? I can’t seem to find it.
Author: TLO
Petition @SenRandPaul to Audit the Pentagon, not the Fed
We hereby petition @SenRandPaul to prioritize auditing the Pentagon, not the Fed. The latter is bathed in sunlight compared to what we’ve learned about military spending. #SpecialReport
Stein's Law and the Human Condition
Stein’s Law states that “If something cannot go on forever, it will stop,” so when I came across two articles and some little-known statistics last night, it got me thinking about this whole “Obamacare” debate. Maybe elimination by attrition is how survival of the fittest manifests itself in a democratic system.
Of Mice, Men and Wine Tumblers
It occurred to me that maybe “polarized politics” reflects what’s happening on the ground in the United States. The income inequality seen in the country follows a macroeconomic trend that’s happening all over the world: prosperous cities vs. the rest.
The Last Word on Low Risk, High Return
There is no need to rewrite any textbooks. When prices rise, they don’t fluctuate much compared to when prices decline, thanks to their human traders puking and heaving all the way down.
The Demise of Bitcoin
Bitcoin is back, and the price in USD hit an all-time high again today. There are two developments you need to know right now because they are potentially related, and could destroy Bitcoin as we know it.
Savings: restating the obvious
I guess people can never see it coming, to the point that CNBC felt it necessary to remind seniors to avoid overspending.
$TWTR: Risk unloaded onto retail
Pundits are obviously doing the bubble dance, seeing that the company has never made any money, and is not expected to do so until 2015.
Attention Kmart Shoppers
Kmart sold an item originating from a re-education labor camp to a woman in Oregon.
Nick Bilton on Hatching $TWTR
NYT’s Nick Bilton tells the story the piranha-like founders of Twitter.