Uncle Suess

I do not like this Uncle Sam, I do not like his health care scam. I do not like these dirty crooks, or how they lie and cook the books. I do not like when Congress steals, I do not like their secret deals. I do not like ex-speaker Nan, I do not like this 'YES WE CAN'..I do not like this spending spree, I'm smart, I know that nothing's free. I do not like their smug replies, when I complain about their lies. I do not like this kind of hope. I do not like it. nope, nope, nope.

Lost - 18 Guns per Day

A report was issued Thursday, by The Brady Center to Prevent Gun Violence, entitled; "Missing Guns - Lost and Dangerous".  The report used data gathered from the Bureau of Alcohol, Tobacco and Firearms (ATF).
The report states that firearms are being reported as lost - before leaving the manufacturer.  Since 2009 16,000 firearms have been lost.  This amounts to an average of 18 missing guns each and every day.  Many of which disappeared just prior to having the serial numbers stamped on them.  This means that they are impossible to trace and obviously, very desirable to criminals.

Shocking as this may be, perhaps the most interesting aspect of this report is the reference to Federal law governing the production of firearms.  At the present there is no law which states the manufactured needs to do anything to secure the plant.  As with any business, there are no Federal statutes or even guidelines concerning the security of the plant.  The firearms manufacturer is treated no different than a toy or cookie manufacturer.  A broken or lost gun is merely treated like any business expense and written off at the end of the year.  (read more)

Homelessness in US

Half of all states have multiple risk factors for increased homelessness; that is, they have rates worse than the national average on at least two of five indicators -- unemployment, foreclosure, doubled-up, housing cost burden, lack of health insurance. Endhomelessness.org

California, Florida, and Nevada -- states known to have been disproportionately impacted by the recent housing crisis -- have both high rates of homelessness and high levels of unemployment, foreclosure, housing cost burden, lack of insurance, and doubling-up. (read more)

If You Thought August Was Bad, Just Wait Until September!

Up until August, this year had been fairly dull as the S&P 500 was in a trading range somewhere between 1250 and 1350. July ended near the upper end of that range and by August 2nd we were once again testing the lower 1250 level. Over the following week the S&P 500 plunged roughly 150 points to hit 1101 on August 8th before rallying. The selloff was due to a slew of negative economic releases which led to lowered economic growth expectations as well as renewed concerns over European sovereign debt markets and banks. Since August 8th the S&P 500 rallied just under 10% before selling off once more. The S&P 500's trading range is now between 1205 and 1120, and unfortunately I think we may have another repeat in which negative economic releases and continued worries over Europe may see the current trading range broken to the downside with the markets erasing all of QE2's rally from 2010.  (read more)

25 Signs That The Financial World Is About To Hit The Big Red Panic Button

Most of the worst financial panics in history have happened in the fall. Just recall what happened in 1929, 1987 and 2008. Well, September 2011 is about to begin and there are all kinds of signs that the financial world is about to hit the big red panic button. Wave after wave of bad economic news has come out of the United States recently, and Europe is embroiled in an absolutely unprecedented debt crisis. At this point there is a very real possibility that the euro may not even survive. So what is causing all of this?  (read more)