Arkady's Thoughts

What's that? Another campaign promise down for the count? Obama scraps taxes on oil companies . I am not going to sit here and celebrate how prudent he is acting in the face of a crisis, after all he still wants to magically create jobs out of thin air - but I am going to humbly say, DUH!? Did you really think singling out companies and punishing them for profits especially considering that all 401k mutual funds own big oil in their portfolion was a good idea? Did you? You probably also thought that John McCain was planning to give tax breaks only to oil companies too, right? KABLAM. Reality check. If anyone can find reactions from loony lefties on this piece of news, I would love to see them - send them my way. My guess is that they are tightly clutching their Che t-shirt and praying furiously to Marx such that he shows big O the WAY. T-t-t-t-there is still hoooooooope. *sniff* By the way, the oil company tax now joins the the growing pile of other broken promises. RIP: ...

Barack Obama proposed legislation titled Global Poverty Act (S. 2433) and was approved by the Committee , on which Joe Biden was on. The bill suggests we spend .7% of our GDP - .7% of 13.8 Trillion is just under $100 billion EACH YEAR! - on helping people around the world that live on less than 1 dollar a day. Coincidentally that does not include impoverished people living in the United States. If this does not rub you the wrong way, then nothing will. The bill has 30 co-sponsors, 5 of whom are Republicans (mostly moderate) and this somehow lends the bill to the auspices of bi-partisanship. Spending 100 billion dollars a year (assuming our income remains constant - and it won't) on battling poverty through the administration of the United Nations, an outfit which has repeatedly demonstrated it's anger with the United States. What should strike you is that every single taxpayer in the United States will be forced to spend thousands of dollar a year on random strangers in the ...

America is heading towards the path of inflation and under Obama's economic plan it may very well be one of the worst inflationary periods ever experienced. The cornerstone of Obama's economic plan rests on the following, from a CNN story : On Monday, President-elect Barack Obama said the measures would be "creating and saving 2.5 million jobs - jobs rebuilding our crumbling roads and bridges, modernizing our schools, and creating the clean energy infrastructure of the twenty-first century." In order to understand why this is far more dangerous than meets the eye, one needs only to look at the root cause of inflation. Despite what you may know or not know about inflation, the primary cause is the increase in monetary supply, or simply put - money. When money is created out of thin air and not matched by a corresponding output (GDP), the value of this money drops. There is only force that can create money, it is our government and it is doing so at a very rapid rate...

I am sure by now all have heard about the terrorist attacks in Mumbai , India's largest city and financial capital. Over 170 people have been reported killed and the Muslim terrorists made it a point to not only go after Western interests, but also the fledgling Jewish population in India. While the majority of the deaths have been local Indians, 5 Jews were killed at a Jewish Center and it is absolutely stunning to see that the radicals will stop at nothing. India and Pakistan are no strangers to conflict and the Kashmir region has been a great source of discontent, but I am pretty sure this is the first time that Jews have been targeted in India by Muslim radicals . While some will no doubtingly point to US and Israeli foreign policy as somehow responsible for these tragedies, the explanation falls short in understanding how 170 people lost their lives. Terrorists like the ones killed or captured in Mumbai operate on a different moral compass . No amount of justification or ...

In this increasing politically correct world where everyone is offended over everything, I want to wish everyone a happy Thanksgiving. There are many reasons to give thanks, one of which is to this country of liberty, opportunity and freedom. The trailblazers that came from Europe formed a bastion of freedom here and we should all be thankful to the opportunity given to so many generations before us. We will be back to our regularly scheduled programming after Black Friday! Arkady

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...