A quiet beginning to the week. Markets are up slightly and news flow is low
also. This sure seems more like the
middle of summer as opposed to the beginning of spring. So far the only interesting news that I can
find is that the former mayor of Detroit, Kwame Kilpatrick, is guilty of
several racketeering charges and should go to jail for a very long time. I can only hope that HBO does a series similar to The Wire about Kilpatrick Enterprises just to give the rest of the country a view into the city of Detroit and how the former mayor treated the place as his kingdom. The other notable news is that hedge fund
manager John Paulson is considering moving to Puerto Rico to avoid paying
several hundred million dollars in taxes.
The only notable economic news that I can find coming out this week is
the CPI and Industrial Production on Friday but even these numbers seem
unimportant because Bernanke just keeps printing money and never allowing even
a 5% correction. Oh Well, have a good
week.
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