Arkady's Thoughts

My mother asked me ever so innocently, how did Joe Biden know about 9/11 and was unable to stop it? Apparently one of her clients informed her of some speech that Mr. Biden gave the day before 9/11. My mother is certainly not a naive woman, but the quote "the attack will come in the belly of the place" certainly sounds convincing. Why do I bring this topic up? As you know Joe Biden predicted that we will have an international crisis within 6 months of an Obama presidency. Senator Biden is no slouch, a member of the Foreign Relations Committee he is briefed to information that is of the highest secrecy. But what does this mean to us? First of all, let me answer the first question simply, no. He did not know about 9/11. In fact, I dug up his speech and as you can see he lists a plane as a possibility. What the CIA knew at the time, I will never know, but back when I was doing research on the possible conspiracy theory - especially after Loose Change - I was shocked by just ...

The market has bounced strongly and did not visit Dow 7,000 - yet. This may still be a head fake, but it appears for now that the sector rotation is positive. Oil and other commodities will continue their spiral as global recession worries deepen, but another interesting development is underway. This one is rather troublesome too. This is the chart of the 10 year yield. http://stockcharts.com/h-sc/ui?c=$TNX,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20 ] You can play around with it and change the time frame. Suffice it to say that the yield is now flirting with historic lows. Why does that matter to you? Well, first of all, the 10 year note is what the 30-year fixed mortgage rates look at. The lower this yield, the lower the rate. Now could be the best time to lock in a new 30-year fixed rate on your house. Or is it? It appears that the US economy has gone from bubble to bubble and typically, like a cop investigating the mafia, you just need to follow the money. So first we went t...

This state is experiencing what appears to be an epidemic of corruption. I am sure some of the older folks can probably come up with examples from the late 1970s when MA was deeply mired in scandal and corruption, but in the past 18 years or so things have gotten real bad here. Simply in the past half a year or so, observe these developments. Jim Marzilli - State senator who was sexually harassing women and apparently resisted arrest on the grounds that he was a state senator. Power hungry much? Finally he resigned, but it was not because of any public vocal pressure. MA politicians are spineless. Dianne Wilkerson - Another senator got caught by an FBI sting operation. She fell victim to taking bribes and stuffing them into her bra. While a hilarious story in terms of logistics, not so much for the citizens. She finally resigned too, after waiting long enough. Chuck Turner - A Boston city councilor arrested for bribery in relation to the Wilkerson case. This guy is a real blast, a...