• Mike Hammond of Gun Owners of America.

• Gun rights and health care...lower premiums for gun free homes?
• Is Mattel's new $95 homeless doll proof of Michael Moore's plutonomy?
• Are Europeans right that the Polanski case shows that the American justice system is moving in the direction of the communist Chinese arbitrary prosecution system?

• Bright yellow gun Throwing Muses.
• Lawyers, Guns and Money, Warren Zevon (video).
• Lawyers In Love, Jackson Browne.
• Barbie Girl, Aqua.
• Who Says You Can't Go Home, Bon Jovi.
• Jailbreak Thin Lizzy.
• Call Me, Blondie (video).
• Democracy, Leonard Cohen.

• The World is dividing into two blocs - the Plutonomy and the rest. The U.S., UK, and Canada are the key Plutonomies - economies powered by the wealthy. Continental Europe (ex-Italy) and Japan are in the egalitarian bloc.
• Equity risk premium embedded in "global imbalances" are unwarranted. In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc. This imbalance in inequality expresses itself in the standard scary "global imbalances". We worry less.
• There is no "average consumer" in a Plutonomy. Consensus analyses focusing on the "average" consumer are flawed from the start. The Plutonomy Stock Basket outperformed MSCI AC World by 6.8% per year since 1985. Does even better if equities beat housing. Select names: Julius Baer, Bulgari, Richemont, Kuoni, and Toll Brothers.