Friday, July 6, 2012
Actuarial beaver Friday
Not that beavers really care about cash but this is my evil plan to take over everything beaver at least on Fridays. Not that beavers care anything about a monetary system as they're too busy building their lodges in preparation for the winter. As warm as it's been getting better put some AC in those lodges this year.
I see nary a peep about the Barclays' scandal in the financial sites. But then again it'll take some doing to unravel this puzzle and I'd bet that the accused will start to run out of fingers to point in short order once this thing hits full stride. The markets today were focused on jobs or lack there of. As ugly as the news may seem people don't stop to consider that the direction of the numbers is headed upwards and not down as it was with the legacy of Bush. And you must give Obama a little credit for getting anything past the House filled with the Tea Bag crowd. Nothing like trying to run a foot race with people throwing garbage in your path.
In other buried news wikileaks just unleashed over 2 million documents from Syria's dear leaders computers. Not that it will make headline news or even light reading for the curious but it should provide plenty of evidence against Assad at his trial in the Hague if he makes it that far. What do you mean general you're going to visit relatives in Turkey for your vacation?
The markets the markets up down in and out. They pump them and dump them and watch them fall. As has been reported many times before this has absolutely little to do with actual market forces but blazing fast computers able to squeeze dimes out of nickels. Pay no attention to what the talking heads on the screen in front of you are saying, it's all infotainment. Meant to keep the sucker players amused while the big boys go about robbing the place. And a fine job they're doing. Always said to really screw things up use a computer.
As usual bank fails later.
The parking lot index* stands at 12 (not a good sign but then again the Highway bill just passed congress so we'll see)
* Index of cars parked in the neighborhood during the day representing local unemployment. 10+ = bad 7 or less = good
Update: And we have one bank in GA. that failed this week.