Magnets in Your Ears

I was trying to think if I knew anyone who would do this.  The answer is "Yes."



Nod to Angry Alex, who is one of the people who is now going to do it.

Our S.0.B.?

So Hillary says what happened in Libya won't happen in Syria because our government believes Bashar Assad to be a "reformer".

Jeebus help us!

Nice to just rule out intervention or support for the opposition ex-ante. Nice to let Bashar know we've got his thuggish, brutal, back.

Look, I don't care anymore about our perceived "strategic interests" in the region, I want to see all the dictators there fall including the House of Saud!

Yes, things may get worse in the short run, but it's the only way things can ever get better in the long run.

El Mercurio: Fue un discurso 'de postre'

My amiga linda Carolina gives me a chance to talk about the SOTU in El Mercurio.

And she quoted me accurately, because I did say "Fue un discurso 'de postre': dulce cuando lo estás comiendo, pero después te sientes con sueño y algo lento y te preguntas qué había en él", añadió.

That is, "It was a dessert speech: sweet while you eating it, but afterwards you feel all sleepy and sluggish, and wonder what was in it."

The scariest phrase I read this morning

"We know how monetary policy works"

--James Bullard, President, St. Louis Fed