Next the statesmen will invent cheap lies, putting the blame upon the nation that is attacked (Syria), and every man will be glad of those conscience-soothing falsities, and will diligently study them, and refuse to examine any refutation of them; and thus he will by and by convince himself that the war is just, and will thank God for the better sleep he enjoys after this process of grotesque self-deception.” –Mark Twain
“When the rich make war, it is the poor that die.”–Jean-Paul Sartre
Case Study of Cisco:
Case Study on Cisco Third Quarterly Earnings (includes 2012 for comparison purposes). Instructions and questions in the document.
CSCO_VL (for reference) CSCO March 2013 Qtr Report
Please explain what you see.
The Lord of Dark Matter
Fleckenstein: “Probably anyone who listens to your wonderful interviews already understands that money printing can’t solve anything … Most recently the housing bubble led to the collapse in 2008/2009, and now we’ve got QE of biblical proportions being foisted upon us by the Fed, BOJ (Bank of Japan), Swiss National Bank, and probably the BOE (Bank of England) soon, etc.
The irony of it all is that 5 years into zero rates, and America alone (with) $5 or $6 trillion of deficit spending, the economy is still crummy. No one ever says, ‘Why is that?’ Well, the reason is because money printing doesn’t work.”
….Everybody and his brother is bearish. I get sent two articles a day about some knucklehead who’s bearish on gold. Well, you know what? They are all bearish for the same two reasons: The chart looks bad, and the price is wrong. Like they know what the price (should be). How do any of us know what the price is supposed to be? It’s just a price.
Click the link below to hear the twelve-minute interview:
P.S. I have been a bit swamped with work, so I will post next week. Be well and BE CAREFUL!