"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister

"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."

- Daenerys Targaryen


"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"

- Tyrion Lannister


"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."

- Jorah Mormont


"These bad people are what I'm good at. Out talking them. Out thinking them."

- Tyrion Lannister


"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."

- Michael Barone

"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker

Sunday, November 03, 2013

positive outlook

Economy keeps plugging along despite shutdown and sequester.* Deficit is down to ~$650 billion/year. Debt is up but deficit will continue to shrink as economy grows faster.

Snapshot: November gets off to healthy start
The stock market started November on a strong note as investors reacted to an expansion in US manufacturing last month. The improvement came during what could have been a difficult month for the economy, with a partial government shutdown. The Institute for Supply Management said its manufacturing index rose to 56.4, the highest since April 2011. The positive start to this month’s trading follows a strong October. But some investors are skeptical stocks can keep up this pace. Stocks are also starting to look expensive by some measures. Investors are paying more than $16 for every $1 of earnings in the S&P 500, the most since February 2011.
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*That is despite the Republicans' best efforts. And if they gain power they'll try to cut taxes for the rich, deficits be damned. See the Bush tax cuts.


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