Bad Breath, Colorful Language, and a Feather Duster - 8/9/2012
Here's what we're following this morning:
(care to take a guess what this is?)
Your "efficient" market has a designated market maker that bought $2.6 million worth of stock per second - Nanex via Zero Hedge | Not even an HFT levitation bid could offset a wholesale market dump.
Microsoft, 2 weeks ago: "We made Windows stronger!" Researcher, 2 weeks later: "I just broke your fix." - Ars Technica | What's the trade-off? Eh, forget it. Windows says I have updates available....
Terrorism: "When other people do what we do." - Washington's Blog | What's the difference between "carefully-targeted strikes" and "terrorism"? Nothing, if you're in the wrong place at the wrong time.
Calls to scrap ethanol mandate intensify with drought - CNN Money | To adhere to the current rule that 10% of the nation's gasoline supply come from corn-based ethanol, up to 40% (!) of the country's annual corn production can be required.
Heard in Europe - NJB Deflator | "Whoever wins, we lose."
Using the postal service to gauge government efficiency - Wall Street Journal | Some of the best? The US, El Salvador, and Czech Republic. Some of the worst? Somalia, Myanmar, and Liberia.
Casual corruption of the markets is now being accepted as necessary system overhead - Jesse's Cafe Americain | Your government "would rather trash a potentially legitimate case than admit that they were asleep at the switch."
Recession generation turns into rental generation - Market Montage | Renting isn't just for houses, any more.
We are on the verge...but of what? - Armstrong Economics | I would agree that there may be no hyperinflation. The alternative will be just as crippling.
"Golden Brown," complete with mariachi band - Dangerous Minds | Even if you only know The Stranglers from a Guy Ritchie movie, this is still awesome. I just don't know about the current version of the band, though.