By SueN
- Guest:
- Mike Hammond of Gun Owners of America.
- Topics:
- 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?
- Bumper Music:
- 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.
- Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
- Citigroup Plutonomy Report Part 1, Oct 16, 2005:
- 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.
- Article: Report on Bailouts Says Treasury Misled Public by Louise Story.
"The inspector general who oversees the government’s bailout of the banking system is criticizing the Treasury Department for some misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks.A Treasury official made incorrect statements about the health of the nation’s biggest banks even as the government was doling out billions of dollars in aid, according to a report on the Troubled Asset Relief Program to be released on Monday by the special inspector general, Neil M. Barofsky.
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