During the first 6 months of 2011, Greek immigrants into Germany grew by 84%. Spanish immigration to Germany increased by 49% – a total of 67,000 people apparently.
"…every 48 hours during 2010, more data was created than was created in the 30,000 years previously…"
- via Eric Schmidt of Google
"I don’t know where the money is" -Jon Corzine
"There used to be no income inequality in China because everyone was poor. This is a tradeoff you accept for growth and freedom." — Michele Caruso-Cabrera
"My dog has created more shovel ready jobs than this administration." -comment quoted on my blog.
"Let’s pass a bill to cover the moon with yogurt that will cost $5 trillion today. And then let’s pass a bill the next day to cancel that bill. We could save $5 trillion." — Paul Ryan
“The messaging and browsing delays being experienced … were caused by a core switch failure within RIM’s infrastructure.” — Research In Motion, maker of BlackBerry, in a statement explaining service disruptions experienced by customers on four continents.
"[The Tea Party] has to be the first 'Totalitarian' movement in the history of mankind that, if it gets everything it wants…will leave you the hell alone." — Ed Driscoll
"Weighing benefits against costs is the way most people make decisions — and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large." — Thomas Sowell
“Nobody should believe that another half century of peace and prosperity in Europe can be taken for granted. Therefore, I say that if the euro fails, Europe fails.” — Angela Merkel, German chancellor.
"It’s no coincidence that trust in government is at an all-time low now that the size of government is at an all-time high." — Paul Ryan
From our friends at the Obama administration:
"Medicare in particular will run out of money, and we will not be able to sustain that program no matter how much taxes go up." — Barack Obama
Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit. Biden was agreeing with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting.
“We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group of terrorists have made it impossible to spend any money.”
Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists,” according to several sources in the room.
Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect | Mike Shedlock