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Wednesday, November 03, 2004 |
 The bond market fell out of bed this morning and Bill Gross summed it up: ``We're looking at $400 billion plus (deficits) as far as the eye can see; that's a negative for the bond market,'' said Bill Gross, who manages the world's biggest bond fund at Pacific Investment Management Co.
My note: this deficit is essentially our excess defense spending, over what it would take to defend the US "homeland." It's the superpower tax.
6:44:54 PM 
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Bruce Sterling (one of my favorite authors) revised his earlier caveats on his endorsement of Global Guerrillas upon reading bin Laden's statement.
"Do you remember that GLOBAL GUERRILLAS thing I was talking about earlier, when I said that Al Qaeda doesn't think much about leveraged returns on investment? Well, I was wrong. Al Qaeda DOES think about leveraged returns on investment. They think about it a LOT. He's speaking fluent American pocketbookese here." Thanks Bruce!!
10:46:05 AM
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It is interesting that the "corrupt" and "liberal" Massachusetts has the lowest divorce rate in the country. In contrast, the so-called "Bible Belt" runs 50% higher than the national average.
7:10:22 AM
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More Halliburton targeting. Another senior Iraqi oil official was killed in his home. Going after senior management is in line with the theory. A quote from the brief:
Global guerrillas will increasingly target senior management in participating companies (wherever they are located). This will be used as a means of amplifying any specific corporate targeting. The identification of senior executives by name for assassination, even if it is only a bluff, is more than enough to accomplish much of this effect. A single assassination of a corporate executive would be sufficient to make these threats real. By piercing the corporate veil of executive anonymity and immunity, decision making within participating companies will be radically altered.
6:28:05 AM
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Nation-state = 1 Market-state = 0. Indication: Moral issues were the #1 exit poll concern.
6:10:19 AM
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© Copyright 2004 John Robb.
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