You're Correct.... I am an asshole!
Today in Business:
Data Theft: The Dept of Veterans Affairs reported electronic information theft on their 26.5 million veteran database earlier this month. Great idea! "Should we steal the Wall Street Journal customer database? the Robb Report? No way! The veterans!! There the ones with all the good credit!"
'Lapse of Judement': Fed Chair Bernanke conceded a "lapse of judgement" in telling a TV reporter last month that investors had "misunderstood" him. When originally reported, Ben's comments started a brief furor among traders. I find this very funny. From his beginning as Chair, Bernanke has been trying to be super-clear with everyone on what his goals/positions are. I believe he is trying to do this because his predecessor was so obscure in everything he said. The funny thing is, Ben's strategy has backfired on him. Greenspan figured out that if you talk without really saying anything then the markets have no reason to respond. Maybe Bernanke will learn this and we can go back to evaluating the status of the Global Economy by what the Fed Chair eats for lunch...
Here is a GnR Concert review...
Later