EuroBank technocrat ducks hard questions

Vincent Browne v The ECB - YouTube: ""

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Random Academic Quote Generator

Random Academic Quote Generator:

Generates random, bafflingly intelligent academic quotes. Impress your brainiac friends.

Sample:
"The morphology of poetry is undeniably unorthodox in its psychology."

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Pay

The Black Swan of Cairo

Complex systems that have artificially
suppressed volatility tend to become
extremely fragile, while at the same time
exhibiting no visible risks. In fact, they
tend to be too calm and exhibit minimal
variability as silent risks accumulate
beneath the surface. Although the stated
intention of political leaders and economic
policymakers is to stabilize the system by
inhibiting fluctuations, the result tends
to be the opposite. These artificially constrained
systems become prone to “Black
Swans”—that is, they become extremely
vulnerable to large-scale events that lie far
from the statistical norm and were largely
unpredictable to a given set of observers.

Europe: "You're either at the table or you're on the menu."

Art Cashin Explains Why The One Key Indicator That Matters For Italy Is Flashing Red | ZeroHedge

Art Cashin Explains One Key Indicator For Italy Is Flashing Red | ZeroHedge:

A successful hedge fund manager of Greek heritage has relatives still living in Greece, several in Patras, the country’s third largest city and a key port on the west coast, facing Italy and much of the Mediterranean.  Over the decades, immigrants from Afghanistan, Bangladesh and other poor nations would work their way to Patras. They would stay for days or weeks awaiting a chance to smuggle themselves on to a freighter headed for Italy. Once there, they could make their way north into Europe to find hope and opportunity and maybe a job.

Last week his relatives told him that things were changing. The immigrants still come to their way station of Patras. But now, after a couple of weeks in Greece, they are trying to hop ships going the other way. They are going back home. Life was better, or at least no worse, where they came from and they had friends and family for support back there.

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OBAMA Signs Police State NDAA legislation

From Henry Blodget

On New Year's Eve, President Obama signed into law a bill that eliminates one of the fundamental protections of the U.S. Constitution:

The right for people not to be detained indefinitely by the government without being formally convicted of crimes.

This erosion of the Constitution, which came in the form of new language in the annual National Defense Authorization Act (NDAA), allows the government to hold anyone suspected of being associated with terrorism indefinitely, without any form of due process.

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Botanical - Educational plate - Cycad anatomy-757x1024.jpg (757×1024)

Cycad anatomy-757x1024.jpg (757×1024):


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Peter B. Medawar quotes | Quotations at Dictionary.com

Peter B. Medawar quotes | Quotations at Dictionary.com:


 "Considered in its entirety, psychoanalysis won't do. It's an end product, moreover, like a dinosaur or a zeppelin; no better theory can ever be erected on its ruins, which will remain for ever one of the saddest and strangest of all landmarks in the history of twentieth-century thought."

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File-Sharing Recognized as Official Religion in Sweden | TorrentFreak

TorrentFreak:

 
"Since 2010 a group of self-confessed pirates have tried to get their beliefs recognized as an official religion in Sweden. After their request was denied several times, the Church of Kopimism – which holds CTRL+C and CTRL+V as sacred symbols – is now approved by the authorities as an official religion. The Church hopes that its official status will remove the legal stigma that surrounds file-sharing."

Interview with James Grant

The Scourge of the Faith-Based Paper Dollar - WSJ.com: " Good deflation, he says, is "when prices fall as a result of productive processes and technical apparatus, that is called progress." Bad deflation is when merchants, drowning in debt and unable to get credit, dump goods at firesale prices. "The Fed refuses to make that distinction.""

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