The Bowyer Briefing

Many of you have asked me about the youtube video of Lord Monckton warning about the Copenhangen meeting on global warming. My view was that the agreement was a horrible, destructive power grab, but that the good lord Monckton had perhaps gotten a little hysterical in his warnings. The WSJ today said pretty much the same thing.

http://online.wsj.com/article/SB40001424052748703574604574500580285679074.html?mod=wsj_share_facebook

USDA says we just had the worst grain harvest since 1980. Too cold, water doesn’t evaporate, tractors get stuck. Soybeans in very short supply. Anyone who invested on the premiss of global warming got burned. Anyone who invested on the premiss of global cooling made a cool fortune.

http://online.wsj.com/article/SB125651018436706915.html?mod=wsj_share_facebook

Most of the world gets its radio-isotopes as a by-product of nuclear power. Since we don’t do much nuclear energy, we don’t have much by-product. So one branch of government labesl these istopopes as ‘waste’ and forbids their production. Another branch notices the shortage and subsidizes their production.

Congess is looking at legislation to subsidize the production of radioactive isotopes for medical purposes.

http://www.cbo.gov/ftpdocs/106xx/doc10684/hr3276.pdf

It’s official, and not news to anyone who reads these posts that the economy grew in the third quarter. The number was slightly higher growth than average, but much lower than a typical recovery. Both inflation measurements included with the report showed inflation at about 3%. Two strong sectors were cars and homes, both benefitting from temporary government subsidies. This is a weak recovery.

http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.economy.com%2Fdismal%2Fpro%2Frelease.asp%3Fsid%3DF8FAFBBDD35A11d4B01F00A0C91E992D%26src%3Ddd_immediate%26r%3Dusa_gdp&h=c234bab299cdf722260f36cbd97fc56f

Is there anyone else out there that sees it as a positive sign that the anti-utopian 1967 series the Prisoner has been placed free On Demand on cable, and that a remake will start broadcasting next month? “I am not a number: I am a free man.” Could there be a clearer repudiation of national health care than that?

Is there anyone else out there that sees it as a positive sign that the anti-utopian 1967 series the Prisoner has been placed free On Demand on cable, and that a remake will start broadcasting next month? “I am not a number: I am a free man.” Could there be a clearer repudiation of national health care than that?

With an exciting title like “The Beige Book”, who knew what thrills awaited us? Alas, this octannual (8 times per year) study shows that as of mid-october, tourism and shopping are weak. Housing and manufacturing are getting strong. And nobody is hiring except through the occasional temp agency

http://www.economy.com/dismal/pro/release.asp?edition=1&r=usa_beige&src=dd_immediate

China grew at a 9% rate last quarter. You see they have a zero capital gains tax rate, while we are raising ours in a couple of months. Also, their ‘stimulus’ bill was actually a stimulus, it was an infrastructure bill. Not for community organizers and social workers, but for roads and bridges.

http://www.economy.com/dismal/pro/release.asp?edition=3&r=chn_gdp&src=dd_immediate

Is the dollar worse off, or the Euro. WSJ says Euro. The dollar is in a chronically inflationary environment. The Euro is in a chronically deflationary one. Can’t we just all agree that they both stink, but in opposite ways?

http://online.wsj.com/article/SB125615030853999499.html?mod=wsj_share_facebook