Political humor and other miscellanea

From Rasmussen Reports: 68% of Republicans Think Gingrich As Ethical as Other Politicians

Yep.

But seriously, this isn’t about divorce. It is about inability to remain committed and be true to one’s vows. It is about arrogance, hubris, unbridled ambition. IFO has known many politicans, from city councilors to national, in her day and she can say that, while they were definitely not perfect, ALL of them had more character in their little fingers than NG does in his entire bloated body.

From Mish’s Global Economic Trend Analysis: CalPERS Earned 1.1% on Investments in 2011, Plan Assumptions are 7.75%

Yep.

CalPERS is not the only state pension fund in financial trouble. This is why we got the Big Bailout and the “Stimulus” to the tune of about $1.6 Trillion dollars. We didn’t get a lot of news on state pension fund losses in 2009, but we imagine they were huge. Not just underperforming funds, but actual LOSSES. This is what happens when managers work with other people’s money.

That’s all for now folks – we’re off to the OR-AMS meeting on Global Warming/Climate Change/ Extreme Weather Events tonight!

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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