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"We're taking an even bigger share of your paycheck... and you can't do a thing about it."
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Friday, October 16, 2009
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By Daily Crux Editor Brian Hunt:

Dan Ferris has a unique gift for reading through financial news... then sorting out the crap to deliver the "crux" of the story. His take is often far different from what the headlines indicate.

Below are several financial headlines of the past week. The actual headline is underlined, and Dan's comments follow underneath.

Latest Air-Safety Idea: Naps in the Cockpit: Airlines, Unions Urge FAA to Allow Pilots to Sleep Midflight to Alleviate Fatigue; a Tough Sell for Passengers

Comment: For longer flights, the pilots union suggests a strip bar in the cockpit.

Obama wins Nobel Peace Prize

Comment: The prize includes $1.4 million in cash. If you divide it by all the speeches Obama has made, it's maybe $1 per speech. 
 
US mantra of strong dollar loses its value

Comment: Chanting the same unlikely mantra in the face of overwhelming odds got O.J. off the hook, and damn it, it can work for the U.S. dollar, too.

Surprise jobs spike driven by public sector

Comment: This is government code for, "We're taking an even bigger share of your shrinking paycheck and giving it to people who produce nothing, and you can't do a thing about it."

Wall Street on Track To Award Record Pay

Comment: I bet your 401(k) didn't hit an all-time record high this year.

Crux note: Dan Ferris is the editor of Extreme Value, and he's currently recommending a true rarity in the gold industry- a deep value gold stock with the potential to return 28 times your money. Learn more about Extreme Value here...

More from Dan Ferris:

"Fed faces truth, craps pants."

Why you must own this "World Dominator"

If the repeated warnings of disaster have you concerned, read this...

Topics: Dan Ferris | Media | Cruxallaneous
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