September 2006


Former chief of staff Andrew Card tried but failed to convince Bush to fire Defense Secretary Donald Rumsfeld. Maybe he didn’t find the right words? Let me try:

Mister Bush, please do me a favor, I know you can. Just get out of your presidential chair, take your big foot and give Mister Rumsfeld a big nice kick into his stupid fat ass.

Please?

All the articles that are trying to sugar the shit of current situation by saying that new home sales unexpectedly increased 4.1% in August are comparing apples to oranges. They are comparing unrevised data for August to revised July numbers.

As shown by calculate risk, the initial July numbers were 1.072 million, revised down later to 1.009 million. Comparing apples to apples August numbers (1.05 million) fell by 2%. Because later on, they will be revised down, too. They always do.
Don’t fool yourself!

The Greenspan & Bush games with taxcuts, budget deficit and 1% fed rate are going too funny now. This is the

real estate prices falling
Do you want to see September data? I don’t have them yet, but I bet you it should be so much more funny. Greenspan was a funny guy :-)

Did you expect me to say “inflation“? No, I’m saying deflation. As some well-known economists are worried about inflation, I’m worrying about deflation.

What happened just this week is amazing:

  1. M-1 money supply is on decline
  2. Housing starts are down 6%
  3. Thai cup will force players to decrease leverage
  4. Philadelphia Fed manufacturing index is -0.4
  5. Amaranth crash will force commodity players to decrease leverage (see M-1)
  6. NAHB housing market index is at the level, which is lowest since 1991

What inflation? See you at 3.5% soon.

The report says, when you need to sell your house you need to bury the statue of St. Joseph upside down. When the house sells you can dig it up. If you don’t have a statue of St. Joseph, you can shop for “St. Joseph home seller kit“.

St. Joseph home seller kit

I can only applaud Sen. John McCain for his opposition of Bush pro-torture stanza. As he knows what the torture is on his own proper ass, he is against it and is not afraid of the anger of Turd Blossom and Co.

I value his integrity and his hearty desire to be a good man in the party of assholes. But I still wonder – how come he is still a Republican?

About today’s column of Novak about Armitage involvement in Plamegate – it’s all spider fight in the bottle. Especially stupid the Novak spider looks when he claims that he is not Bush’s lapdog. Then who is he?

I want to see the blood, not saliva. Keep working, Mr. Fitzgerald.

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