No Fear

In "Reversal Time?" I pointed to several sentiment indicators that suggest investors are way too complacent about the risks ahead. A post at Walter Kurtz's Sober Look (a site worth visiting, I might add), "Risk Aversion the Lowest in Over Two Years," highlights other measures that indicate investors have set themselves up for a nasty surprise, including the Fisher-Gartman Risk-On Index, which is trading at its highest level since the index was launched.

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Comments

[Coming soon...famine]

SECRET VIDEO: Romney Tells Millionaire Donors What He REALLY Thinks of Obama Voters

There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement. And the government should give it to them. And they will vote for this president no matter what…These are people who pay no income tax.
Romney went on: "[M]y job is is not to worry about those people. I'll never convince them they should take personal responsibility and care for their lives."
[UPDATE: We can now report that this fundraiser was held at the Boca Raton home of controversial private equity manager Marc Leder on May 17 and we've removed the blurring from the video. See the original blurred videos here.]

http://www.motherjones.com/politics/2012/09/secret-video-romney-private-fundraiser

[Rocky]

Actually, some of "those people" are among Mitt's most dependable voters. In 2008, the voters in Kiryas Joel, NY voted over 90% for John McCain and will undoubtedly vote Republican in 2012. In the Hasidic community, religion trumps everything. They oppose abortion and family planning, they support religious based education (and school vouchers to pay for it) and they are champions when it comes to getting government handouts (food stamps, Section 8 housing vouchers, Medicaid and even TANF). Personal responsibility takes a back seat to "be fruitful and multiply" (from the Book of Genesis).

Too bad for Romney that New York state is still heavily Democratic. Even the block voting of the Hasidics won't help him there. But in a very close Florida vote, the Hasidics may just put him over the top. I wonder if he has promised them a special deal that the rest of us don't know about.

Read about the new face of welfare here: wwww.thedailybeast.com/articles/2012/06/13/welfare-reform-not-for-the-orthodox.html

If the Evangelicals only knew where their tax dollars were going.

[sharonsj]

Trust me, the Evangelicals get their share of tax dollars too. So does Romney and all his rich friends--and they probably get the greatest share. How soon Romney forgets that it was government money that saved the Olympics and his ass.

[roger]

The Magnitude of the Mess We're In 18/09/2012
The next Treasury secretary will confront problems so daunting that even Alexander Hamilton would have trouble preserving the full faith and credit of the United States. Sometimes a few facts tell important stories. The American economy now is full of facts that tell stories that you really don't want, but need, to hear...

Read
Wall Street Journal

[roger]

In an automated technological world, humans are rendered obsolete.
Global corporations have created a world of infinite production capacity without the need
of human labor, the difference between humans and animals is the hands and the brains, eliminating productive human labor is destroying the human intellectual spirit.
What do you think Art is all about?

[Tom]

All the complexity we've developed, from global supply chains to interbanking is the Achilles heel of civilization:

http://vimeo.com/5699608