Another Nancy Pelosi Moment

Posted: May 25, 2013 12:01 AM

The markets are confused by Ben Bernanke’s testimony; but they really shouldn’t be.  Bill Tatro also joined the program to talk about some of the unexpected items that might wage war on this so-called “recovery.”

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Show Prep:

Big Three:

Buy things when nobody wants them. (Assuming people will want them in the future.)

Buy the Dip, We’re Going to Dow 16,000! Says Schoenberger | Breakout - Yahoo! Finance

Durable Goods are up! Surprisingly Bloomberg’s Chief Optimist, the ever positive Michael McKee, found some bad news in the report. . . Watching Mike McKee report “bad” news is kinda like watching a sad clown:

Durable Goods Orders Increase on `Boeing Effect': Video - Bloomberg

It turns out that some of the more profitable sectors (like the tech sector) aren’t making their profits by expanding. . . They’re simply cutting costs. With Obamanomics here to stay for a while, growth is just not possible, but layoffs are always an option.

Tech's Dirty Little Secret: Growing by Shrinking: Video - Bloomberg


Ezra Klein is an Idiot:

Nancy Pelosi on the IRS scandal: It’s Bush’s fault. (See, the buck always stops in Crawford Texas.)

Pelosi Blames Bush For IRS Scandal | Nancy Pelosi | Fox Nation


Other News:

Um. . . If our economy was doing better, wouldn’t we have less people dependent on the government for food?

Sessions: Food stamp spending to remain double pre-recession levels | The Daily Caller

Kinda makes you wonder: Why were conservatives overjoyed with man?

Obama's Tuesday: The Jersey Shore with Chris Christie -

Viva la France:

French govt backs 75% tax rate, scraps exec pay cap - FRANCE - FRANCE 24