Wednesday, June 15, 2011

Anything That Can't Be Fixed, Won't Be/ But Why Didn't We Try?

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More Fun Facts:
-) S.A's cost to produce oil may approach $110/bbl by 2015 estimates the WSJ.
-) The Average NFL (Not For Long) salary in 2009 was $1.89 million, this season in the NBA  it was $5.8 million.
-) Work related to real estate accounted for nearly 40% of U.S. job growth in 2001-2006 almost all of it middle-class.
-) More than 77,000 federal government employees throughout the country earn more than the governors of the states in which they work.
-) New Limousines owned by Uncle Sam increased by 73% during the first two years of the current administration.
-) Uncle Sam alone spends half the world's defence budget....U.S. defence spending will peak this year at $712 billion...reported the WSJ.
-)The world's largest bond investor said, "bond investors are like frogs in slowly heating water and that investors are soon to realize negative real yields, that they are being skunked by this hidden tax. And that wealth is being transferred from investors to the government without investors entirely even realizing it.... a financial repression."
-) The largest ETF in gold is now about the same size as the world's largest technology switching company minus it's cash.
-) Mergers and acquisitions are up 39% from a year earlier...right on cue.
-) This July will have 5 Fridays, 5 Saturdays and 5 Sundays. This happens once every 823 years.

Coal produces 47% of all electricity in the USA.  1.5 billion people around the world have no electricity. The U.S. burns 1 billion tons of coal per year. China's consumption has doubled in a decade to 3.6 billion tons per year or half the world's supply. India's demand is up 50% since 2005......and is growing so quickly that it faces a shortage by 2014. Reports Forbes.

Where will all this new energy come from when most of the world's nuclear energy supply is being shut in?

In the last 24 hours, Brazil, China and India have raised their interest rates because of concerns over inflation.

Danny Boy seen here wondering where everyone went.