Friday, September 12, 2014

Economy

When the government steals so much power from consumers, businesses like Hewlett Packard try to buy that power with bribes. There's no such thing as a bribe in the private sector.

Government-created monopolies don't have to worry about customer service.

Funny how it's OK to make a female-only taxi service, but if somebody made a male-only taxi service, they would be accused of discrimination.

Apologists for weak job numbers.
"Friday’s release of disappointing August payroll numbers should have been a jarring wake-up call warning Wall Street that the economy has been treading on thin ice. Instead the alarm clock was stuffed under the pillow and Wall Street kept sleeping. The miss was so epic in fact (the 142,000 jobs created was almost 40% below the consensus estimate) that the top analysts on Wall Street did their best to tell us that it was all just a bad dream. Mark Zandi of Moody’s reacted on Squawk Box by saying “I don’t believe this data.” The reliably optimistic Diane Swonk of Mesirow Financial told Reuters the report “sure looks like a fluke, not a trend”."
Inflation hawks like Schiff should explain why the high inflation they've been warning about for years hasn't shown up and why, since they've been wrong on the timing for so long, we should expect it any time soon.

IPhone 6 disappoints in every way compared to the competition, but iZombies line up to throw away their money anyway.

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