Afthought

The Great Awakening: Boomers, Your Crisis Has Arrived (Part 3 of 3)

Santayana the poet!? Is this why he is remembered as an aphoristic philosopher, and not as a poet?:

from the poem, Premonition by G. Santayana

"Till haply, lightning through the storm of ages,
Our sullen secret flash from sky to sky,
Glowing in some diviner poet's pages
And swelling into rapture from this sigh."

Does the Mini-Bounce in Retail Sales Mean Anything?

Adjust for spending on gasoline and price inflation, and you don't just have a dead cat bounce - you have a dead cat bouncing down the basement stairs.

The Dow Hates Bush?

Kudlow's law? Never use "financial market stats to backup a political argument.": From my viewing of the CNBC resident class apologist, that's all he ever does is use "financial market stats" to backup his conservative political position.
re Market return since 2001 (7 years, in process): I recall a time when banks advertised the power of compound interest, at a modest 5%, would double your money every 7+ years or so. Since the average Joe/Josephine, isn't coupon cutting like the capital gains layabouts and their agent Wall Street touts, he/she is really suffering financial delusions of well being.