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TMFHousel (94.18)

July 2010

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7

BP Passes the Buck to Taxpayers

July 27, 2010 – Comments (4)

LOS ANGELES (MarketWatch) -- BP PLC will reduce its contribution to U.S. coffers by roughly $10 billion due to a tax credit the company is claiming it incurred from the Gulf of Mexico oil spill.  [more]

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4

How About Those European Stress Tests?

July 25, 2010 – Comments (1)

From the WSJ:  [more]

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54

Buy gold NOW!

July 25, 2010 – Comments (35)

I just read this on MarketWatch; thought it was clever:

Gold dealer: The dollar is worthless. Gold is the only safe investment.

Customer: But all I have are these worthless dollars.

Gold dealer: We'll take 'em all.  

 

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14

Mark Zuckerberg May Have to Give Up Facebook

July 21, 2010 – Comments (4)

"A seven-year-old contract signed by Facebook founder Mark Zuckerberg granting a New York businessman an ownership stake in Zuckerberg's then-fledgling Web project may be real, a Facebook lawyer acknowledged Tuesday in federal court hearing."    [more]

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6

What's Mess Up With the Financial System

July 21, 2010 – Comments (0)

From this morning's Wall Street Journal:  [more]

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12

Ben Stein on the Unemployed

July 20, 2010 – Comments (23)

"The people who have been laid off and cannot find work are generally people with poor work habits and poor personalities. I say “generally” because there are exceptions. But in general, as I survey the ranks of those who are unemployed, I see people who have overbearing and unpleasant personalities and/or who do not know how to do a day’s work."  [more]

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2

Great Quote in Inflation/Deflation

July 19, 2010 – Comments (3)

"The yield on two-year Treasuries fell to an all-time low of 0.5765pc on Friday. It's Weimar, all right: circa 1931, not 1923."

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6

Live From Vancouver: What the Gloomy Pros Have to Say

July 19, 2010 – Comments (1)

I'm in Vancouver, British Columbia, covering the Assault on Enterprise Symposium for Fool.com.  [more]

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17

I'm not important enough for an iPhone

July 17, 2010 – Comments (6)

My experience at the Apple store today  [more]

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19

Financial Collapse and Adolf Hitler

July 15, 2010 – Comments (14)

Pardon me while I vindicate Godwin's Law for a moment.   [more]

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15

When Will the U.S. Go Bankrupt?

July 11, 2010 – Comments (15)

This is a very meaningful quote by Felix Salmon, and is backed up by a good body of evidence:

"The best predictor of future default is simply past default: credit ratios tell you almost nothing. The UK managed to get through debt-to-GDP levels of 240% without defaulting or even inflating the debt away in the early 19th Century, while Russia defaulted in 1998 with a debt-to-GDP ratio of just 12.5%." 

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