Author: lance

It’s Probably Nothing

A massive 13% collapse in durable goods, the biggest since January 2009; a $20 billion miss to annualized Q2 GDP estimates, and well below the lowest estimate, 60+ weeks of constant upward BLS revisions to initial claims “data” and not to mention assorted atrocious economic (note: not to be confused with market – the two are now completely unlinked) data from around the globe. And what does the White House say: the data shows that the “US is making progress.”

I think it was the Seattle game…

that finally set them off.

Green Bay, WI – Like a pot of bratwurst left unattended at a Lambeau Field pregame party, simmering tensions in the strife-torn Midwest boiled over once again today as rioting mobs of green-and-gold clad youth and plump farm wives rampaged through Wisconsin Denny’s and IHOPs, burning Texas toast and demanding apologies and extra half-and-half.
Cartoon that shocked Midwest
The spark igniting the latest tailgate hibachi of unrest: a Texas newsletter’s publication of caricatures of legendary Green Bay Packers coach Vince Lombardi.
Protestors demonstrated against the images throughout the Badger State yesterday, with violent egging and cow-tipping incidents reported in Oconomowac, Pewaukee, Sheboygan, Ozaukee, Antigo, Oshkosh, Waubeno, Wauwautosa, Waunewoc, Wyocena, Waubeka, and Washawonamowackapeepee.

Battle Honours

Battle Honour, “DETROIT”:
56th Field Artillery Regiment (RCA), Brantford, Ont.;
The Essex and Kent Scottish, Windsor, Ont.;
The Lincoln and Welland Regiment, St. Catharines, Ont.;
The Queen’s York Rangers (1st American Regiment) (RCAC), Toronto, Ont.;
The Royal Canadian Regiment, Petawawa, Ont.;
The Royal Hamilton Light Infantry (Wentworth Regiment), Hamilton, Ont.;
The Royal Newfoundland Regiment
And Today in Quebec: Update DEFENCE OF CANADA – 1812-1815 – DÉFENSE DU CANADA
The Royal Newfoundland Regiment;
The Queen’s York Rangers;
The Royal Canadian Regiment;
The Canadian Grenadier Guards;
The Royal 22nd Regiment.
Thank you to all our vets and enjoy the Mess today.

Opinon for Americans, from Canadian media

Realizing that US citizens aren’t getting the information they need to make an informed decision in November, I offer you two opinions from Canukistan.
Paul Wells on Wednesday.

There is nothing in any of the three main parties’ statements to match the subordinate clause that begins this sentence from U.S. President Barack Obama’s statement today: “While the United States rejects efforts to denigrate the religious beliefs of others, we must all unequivocally oppose the kind of senseless violence that took the lives of these public servants.”

Brian Lilley today:

A few of my American friends have been asking lately if they can trade Barack Obama for Stephen Harper. Given polling on Obama’s popularity in Canada, most Canucks would likely take the deal but we’d be fools for doing so.

I should note, that when Paul Wells calls you a sap…well…you’re a sap.

Not enough information

The common theme about the US Embassy attacks are that they were based on an insult to Islam from a movie. I’m having some difficulty believing that.
Point a: Both attacks happened on September 11th.
Point b: It was a Tuesday
Point c: Al Qaeda flag at the Cairo embassy.
Point d: Libya and Egypt are volatile, but not hostile to the US.
I don’t think anyone can claim the September 11th date as an unhappy coincidence. The entire world knows the significance of it. For two attacks to happen on that date seems a little too organized for two different mobs to spontaneously generate.
Muslims riot on Fridays. Friday is the day they go to the mosque and get inflamed over the insult of the week as dictated by their spiritual leaders. Danish cartoon riots…3 Feb 2006…a Friday. For these to have happened on a Tuesday means that the organization for them was separate from religion.
Al Qaeda flag at the Cairo embassy. Very inflammatory and reinforces a link outside of the political or religious leadership in Egypt. This doesn’t implicate Al Qaeda though, there are other actors in the M.E. that would have no bones about implicating a vastly diminished Al Qaeda.
Libya, in general, has moved away from the dictatorship and away from religious fundamentalism. The Muslim Brotherhood lost the election in Libya. The majority of the populace supports the US. For the murders to have happened there go against the grain of the population. Egypt’s gov’t understands the importance to them of US support even if they are the Muslim Brotherhood. I can’t speak to the general population as I don’t know their feelings. I see these points as further proof that external factors contributed more to the events yesterday.
So, to me, the only question that remains is, what entity wants to diminish US influence on the Arab Street. There are only really three possible answers and one makes no sense: Iran, non-Iranian backed terrorists, and Israel. The last being the one that makes no sense.

It’s Probably Nothing

Unregulated banks making loans on invisible inventory and now what inventory they did have isn’t moving.

Steel sector companies have found themselves particularly vulnerable as economic growth slows in China because many played games with credit lines, bank loans, inventory collateralization and multi-company borrowing schemes.
Some steel manufacturers and trading firms used product inventories as collateral for bank loans, then increased their money in hand by convincing another bank to exchange the lenders’ acceptance bills for cash.

h/t: maz2

Short-sighted, simplistic complaints

If Canadian opinion writers knew anything about Canadian diplomacy during the cold war, they wouldn’t write tripe like these articles.
Make no mistake, the Iranian embassy was a message to the only power in the region that really is a threat to the west. If you believe that PM Harper’s visit to Russia and closing the embassy in Iran are coincidences you need to read and think more.
Go-betweens and middle powers have no real skin in the game, but if you’re acting as a proxy and you’re called, you have to show you aren’t bluffing.
The left is up in arms, calling for soft-diplomacy and a return to Pearsonian diplomacy. The left doesn’t even know what that means. This is soft-diplomacy. Canada isn’t going to unilaterally declare war, no one with a brain thinks that.
But Canada as a message-boy and proxy for other powers is perfectly situated.
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