Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 11/7/12

Daily Reading on the Financial Markets: 11/7/12

Well, we have our next U.S. President.

Binary Options Tutor reminds us who the real winners of the election cycle are – media corporations, who pull into over $2.6 billion dollars.  Think a different use for that money could benefit society more?

Charles Hugh Smith on the rise of the “Imperial Presidency” under George W. Bush and his soul mate, Barack Obama.

From Zero Hedge, those job gains that have been recently piling up?  Mostly the elderly, thanks to ZIRP’s retirement benefits.

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  1. November 7, 2012 at 8:26 am

    PTP – I vastly under-stated the campaign spending. $2.6 billion was on the Presidential contest alone. Estimates on the TOTAL campaign spending (Congress, State, Local) adds up to ANOTHER $3.4 Billion. $6.0 billion total.

    What an EPIC waste.

  2. November 7, 2012 at 8:30 am

    I also have to take issue with Charles Hugh Smith about the Imperial Presidency. It would seem to me that by its inaction / ineffectiveness it is Congress who has abdicated powers and responsibilities to the executive branch. This is probably why the Congressional approval rating is the lowest of the three branches and the lowest in history.

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