Sellers? Or Short Sellers?

Wall St tumbles to worst quarter since Lehman fall
REUTERS — 6:33 PM ET 06/30/10

By Chuck Mikolajczak

NEW YORK (Reuters) - U.S. stocks staggered to the end of a dismal second quarter on Wednesday in another low volume session as investors found little reason to take on risk after conflicting economic data.
To make matters worse, leveraged short ETFs, widely blamed for a portion of Tuesday's losses, were also cited for the late sell-off as managers piled on bets the market will fall. Those funds shorted the market to keep up with customer demand.

But this is ultimately good for stocks because those shorts will need to be covered and that will drive prices up.

Don't Buy What You Can't Afford

SIMPLE RULES

Don't buy what you can't afford.

Don't loan money to people with poor credit. If a situation calls for charity then call it what it is.

Plan for idiocy.

Be responsible.

Don't forget to pay your bills.

Don't ask other people to pay your bills.

Be thankful! Live in gratitude!

Austerity Means "Pull The Plug"

Austerity is the best route because it means reducing the least efficient parts of economies.
Government spending is inefficient and wasteful.
I wish I had a big argument to support that assertion. Maybe it is just axiomatic.
Stimulus means taking money from the efficient and giving it to the failing. That just ends up with less for everyone.
So, right now people don't like austerity, but it is best in the longer run.

We should not be lavishing our energy and attention on failing enterprises. Businesses and governments should be allowed to fail. Bankruptcy is good for the community. It is pruning, it is getting rid of dead wood. It is not euthanasia, it is just pulling the plug and letting the dead die.
They call them zombie businesses.
We are much better off without zombie businesses.

On another note.

We should not be searching for new energy supplies. We should be learning to use a lot less energy.

We should not be trying to return to past levels of employment. We should let the labor force shrink. People not looking for work are not unemployed. In my household none of the four of us are employed. But tomorrow we could decide we want jobs and then there would be three more unemployed people.

We are producing and consuming more than enough. We don't need to grow the economy. We need to be content.

Consumer Spending Hits All Time High

In spite of the "great recession" consumer spending is hitting new highs. But you won't hear that reported very often. Somebody seems to want to keep us thinking that the economy is terrible.

California Is Full

In the last ten years the population of California has increased by about 4.4 million people.
PEOPLE 4,400,000

Too many people are already in California.
My hope is that this increase will cease immediately.

INCREASED!

This increase is more than the total population of 25 states

JUST THE INCREASE is more than the total population of
Kentucky
Oregon
Oklahoma
Connecticut
Iowa
Mississippi
Arkansas
Kansas
Utah
Nevada
New Mexico
West Virginia
Nebraska
Idaho
Maine
New Hampshire
Hawaii
Rhode Island
Montana
Delaware
South Dakota
Alaska
North Dakota
Vermont
Wyoming

Pray For Property Rights

If my neighbor sprays oil on my property, he has violated my property rights.
I should be able to get damages.

If the government caps damages in this situation, then my property rights have been taken away.

Who owns the Gulf of Mexico?
Whoever it is, they should be able to get damages from whoever damages that property.

Canada Oil Economy

I was reading that the economy in Canada is better than the USA or Europe.
The article mentions banking regulation as a cause of the good economy. The article does not mention that Canada exports a lot of oil to the USA. In fact, the USA imports more oil from Canada than from any other country.

Texas and Alaska are also doing pretty well lately.
Being rich with oil certainly helps.

They must be really smart to have all that oil!