This and That...

Started by Warph, September 04, 2012, 01:52:35 AM

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Warph

Chicago Mob Boss POS Obuma To Republicans:
Don't "Screw Up" The World Economy

(You know, like he did to the U.S. economy)


Via CNS News:

Speaking in suburban Maryland on Thursday, President Obama continued to spread fear about the consequences of not raising the debt ceiling.

He noted that the U.S. has never before failed to raise the debt limit:  "And you know, the United States is the center of the world economy, so if we screw up, everybody gets screwed up. The whole world will have problems, which is why, generally, nobody's ever thought to actually threaten not to pay our bills. It would be the height of irresponsibility."

But in the next breath, the president said he will not negotiate with Congress, even though everybody will get "screwed up" and "the whole world will have problems." (What an a**hole this Clown is)
"And that's why I said this before. I'm going to repeat it. There will be no negotiations over this," Obama insisted.
(Wanna bet, a**hole?????)
"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Warph

#1821

POTISKUM, Nigeria (AP) — Suspected Islamic extremists attacked an agricultural college in the dead of night, gunning down dozens of students as they slept in dormitories and torching classrooms in an ongoing Islamic uprising in northeast Nigeria, the school's provost said.


Like lecherous wolves, they attacked in the dead of night. Starting at 1 a.m. Sunday, Nigerian Islamic militant jihadists viciously slaughtered sleeping college students. They were helpless and completely ambushed. The jihadists killed well over 50 students, shooting them and burning them, and torched many of the buildings at Gujba, Provost Molima Idi Mato of the Yobe State College of Agriculture in Nigeria. More senseless bloodshed, violence, and murder in the name of Jihad; but this is Islamic jihad, and it's never going to stop.


Every day it's something new. Another attack, more beatings, an unending stream of brutality that is akin to wild animals. The carnage and bloodshed is too much to take in. Late last night, an innocent group of students were attacked by vicious Nigerian Islamic militant jihadists, in an area where an Islamic uprising is in progress. But why these students? Why were they targeted? There is no reason. The only reason is Islam. There is no group that is immune to to the bloodshed. Kill the infidels. Kill everyone, and this they keep doing.

Why? Islam demands it. However, the horror of gunning down and burning sleeping college students in the dead of the night is nothing short evil and demonic. Even fictional vampires wouldn't do this, but Islamic jihadists would, in a heartbeat, or whatever they have in place of a heart.

"They attacked our students while they were sleeping in their hostels, they opened fire at them," he said.

The students were sleeping in their hostels. All of the students were between the ages of 18 and 22, and they are still in the process of collecting bodies. The exact death toll is not known, merely estimated. Not unlike last weeks church bombing in Pakistan, it may take time to figure out exactly how many are dead.

Naturally, that attack was much larger in scale. But the endless wave of attacks in the region shows no sign of letting up. What's next? No one wants to contemplate what might happen next. For the next attack could be hours away. Or merely minutes.

The Nigerian military has collected 42 bodies and transported 18 injured students to Damaturu Specialist Hospital, said a military intelligence official, who insisted on anonymity because he is not authorized to speak to the press. The school's other 1,000 enrolled students have fled the college that is about 40 kilometers (25 miles) north of the scene of similar school attacks around Damaturu town, said provost Mato.

Vicious monsters without souls. This is the enemy we are fighting, and we don't realize it. Most schools in this region have been closed since July 6th attack that killed 29 students and a teacher, who too were burned alive in their hostels, much like the college students in this attack. But this school bravely stayed open. But there was a huge price to pay for their bravery.
Just in the last week alone, 30 people have been murdered by jihadists in Nigeria. And not just murdered, but tortured, and brutalized in unimaginable ways.

Twenty-seven people died in separate attacks Wednesday and Thursday night on two villages of Borno state near the northeast border with Cameroon, according to the chairman of the Gamboru-Ngala local government council, Modu-Gana Bukar Sheriiff."

The attacks in Nigeria are intensifying with every waking moment. A pastor and his son were slaughtered at a Christian church in Dorawa on Thursday. And now the attack on sleeping college students.

Nigeria is in peril, as is the entire Middle East region. Where is the outcry from U.S. government officials about the atrocities being committed by Islamists in the region? There's only silence, and arming so-called "moderates."

About the attack last night, "The extremists rode into the college in two double-cabin pickup all-terrain vehicles and on motorcycles, some dressed in Nigerian military camouflage uniforms, a surviving student, Ibrahim Mohammed, told the AP. Almost all those killed were Muslims, as is the college's student body, said Adamu Usman, a survivor from Gujba who was helping the wounded at the hospital. One body had its fists clenched to the chest in a protective gesture. Another had hands clasped under the chin, as if in prayer. A third had arms raised in surrender."

Forced surrender. What other option did the young man have when being ambushed by the jihadists, who came with one intent: to kill? Never mind who was there, or why. Slaughter them all, like a pack of dogs. Save no one.

"We ran into the bush, nobody is left in the school now," Ibrahim Mohammed said.

There is no one left. The school is empty. Islam is overtaking the region and Jihad is sending those running for any safe place to escape.
This is Islam, and there is no escape.

"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Warph

Dead People Can Sign Up For Obumacare In Kentucky

(Zombies unite!  You knew that Democrats let you vote,
now you can have healthcare insurance too.
Next comes free brains)

Via Daily Caller:


Obamacare can help dead people, too.

This is apparent in Kentucky, where application forms for the state's new Obamacare benefit exchange asks if the application is for someone who has recently died.

Question 39 on the kynect: Kentucky's Healthcare Connection printable application form for a single person health seeking either coverage or help paying costs, states: "If you are filling out this application on behalf of a person who recently passed away, enter the deceased person's date of death."
"This is for Medicaid — it will pay three prior months of medical expenses for the eligible," Gwenda Bond, a spokeswoman for the Cabinet for Health and Family Services, told The Daily Caller on Friday. "It also allows us to prevent fraud by noting the date of death, time-limited benefits."

"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Ross

Federal Government Kicks People From Their Home: Lake Mead
Posted by: Allison Martinez Posted date: October 05, 2013

In a stunning move, the federal government threw people out of their homes on Lake Mead. A popular place to live on a boat, the federal government shut down access to the lake during the federal shutdown. According to  Rob Richardson at OffGrid Surival's website, the order has had people who live on the Lake Mead scrambling to find another place  to go. People pay monthly fees to moor their boats on the lake. For many who live on the lake,  there house boat is their only home. Some have lived on the lake for as long as 20 years.

This follows on the heals of reports of capricious and arbitrary tactics on the part of the National Park Service reported in the Washington Times.  In that report, Wesley Pruden, former editor of the Washington Times,  published an interview with a National Park Service Ranger that said

"It's a cheap way to deal with the situation," an angry Park Service ranger in Washington says of the harassment. "We've been told to make life as difficult for people as we can. It's disgusting."

While it is easy to argue that this is being done in an arbitrary fashion, a closer analysis shows that the Park Service is actually being very systematic and thorough. They appear to be going into every red state they can to punish the people who live there. Earlier, Free Patriot reported that Obama has shut down, or attempted to shut down several places. Among those include George Washington's home Mount Vernon which is privately owned,  the Atlantic Ocean, Mount Rushmore, among other places.

This is just one more example of the Obama Administration's efforts to inflict pain on the American people.

http://freepatriot.org/2013/10/05/federal-government-kicks-people-home-lake-mead/

There is an amateur video on the web site and pictures.

Warph

#1824
Quote from: ROSS on October 05, 2013, 08:29:26 PM
Federal Government Kicks People From Their Home: Lake Mead
Posted by: Allison Martinez Posted date: October 05, 2013
This is just one more example of the Obama Administration's efforts to inflict pain on the American people.

http://freepatriot.org/2013/10/05/federal-government-kicks-people-home-lake-mead/

There is an amateur video on the web site and pictures.

POS Obuma and his dirty crooked mob hard at work putting the screws to the American people.  I would hate to be in Obuma's and his lousy minions shoes after this crap is over.  This will catch up to them big time one day!


Obuma-nation! Elderly Couple Tossed Out Of Home
They've Owned For 40 Years Because Of "Shutdown"


(They weren't even able to grab Ralph's pants)

Las Vegas, NV (KTNV) — The government shutdown is being felt close to home for some locals. They say they're being forced out of private homes on Lake Mead because they sit on federal land.

Joyce Spencer is 77-years-old and her husband Ralph is 80. They've been spending most of their time in the family ice cream store since going home isn't an option.

The Spencers never expected to be forced out of their Lake Mead home, which they've owned since the 70s, but on Thursday, a park ranger said they had 24 hours to get out.

"I had to go to town today and buy Ralph undershirts and jeans because I forgot his pants," Joyce Spencer told Action News.

The Stewart's Point home sits on federal land, so even though the Spencers own their cabin outright, they're not allowed in until the government reopens.

Park officials said property owners can visit only to retrieve belongings; they sent Action News a statement which reads in part, "Unfortunately overnight stays are not permitted until a budget is passed and the park can reopen."

Joyce Spencer said she's alright in the meantime, staying with nearby family, but the move was a lot to handle as a senior citizen.

"I had to be sure and get his walker and his scooter that he has to go in," Spencer said. "We're not hurt in any way except it might cost me if I have to go buy more pants."

The Lake Mead properties are considered vacation homes; one of the lease requirements to own a plot is people must have an alternative residence.

Regardless, the Spencers said it's their property and they should be allowed in, shutdown or not.


"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Warph

#1825


This Man Needs To Resign![

NSA Director Admits Obama Administration Misled
[Lied To] The Public About Utility Of NSA Surveillance

(200 years ago this "Obuma Faker in Chief " would have been tried... found guilty, and hung for TREASON! ... All in the same day!! kari Marx had a category that fits POS Obuma's low-information followers and it is: Lumpenproletiat: 1. In Marxist analysis, people regarded as living on the margins of society, particularly criminals, homeless people, and the long-term unemployed
2.lower-class people: people from the lowest social class who are regarded as too content with a life that is supposedly intellectually empty and socially inferior.

To put it in much simpler language, the Obama crooked regime lied through their teeth to 'We The People' to justify blatant violations of the Fourth Amendment.  Paranoid, psychotic people like our very sick President must always know what is being said about him, laws be damned and our Constitution. 

Why did he do it?  Was it to "to bolster support for the government's vast surveillance apparatus."

NO... it was to bolster Obuma's chances at re-election.  He used a top secret agency, charged with protecting us, for political purposes.

And, as always, NOTHING that this administration says is true.

It is all fabricated, scripted for public political consumption)


Via Salon:

In so many words, NSA director Keith Alexander admitted Wednesday that the Obama administration had issued misleading information about terror plots and their foiling to bolster support for the government's vast surveillance apparatus.


During Wednesday's hearing, Senate Judiciary Committee Chairman Patrick Leahy pushed Alexander to admit that plot numbers had been fudged in a revealing interchange:

"There is no evidence that [bulk] phone records collection helped to thwart dozens or even several terrorist plots," said Leahy. The Vermont Democrat then asked the NSA chief to admit that only 13 out of a previously cited 54 cases of foiled plots were genuinely the fruits of the government's vast dragnet surveillance systems:

"These weren't all plots, and they weren't all foiled," Leahy said, asking Alexander, "Would you agree with that, yes or no?"

"Yes," replied Alexander.

Proof positive of what many of us have long posited: that under the flimsy guise of a targeted War on Terror, the surveillance state has established itself with little regard for an honest relationship with the American public.





***********************************

Can the NSA Operate in Secrecy Anymore?

by Bruce Schneier
http://www.defenseone.com/management/2013/10/can-nsa-operate-secrecy-anymore/71346/


As I report in The Guardian today...
http://www.cascity.com/howard/forum/index.php/topic,15531.msg213695.html#msg213695

.....the NSA has secret servers on the Internet that hack into other computers, codename FOXACID. These servers provide an excellent demonstration of how the NSA approaches risk management, and exposes flaws in how the agency thinks about the secrecy of its own programs.


Here are the FOXACID basics:

By the time the NSA tricks a target into visiting one of those servers, it already knows exactly who that target is, who wants him eavesdropped on, and the expected value of the data it hopes to receive. Based on that information, the server can automatically decide what exploit to serve the target, taking into account the risks associated with attacking the target, as well as the benefits of a successful attack. According to a top-secret operational procedures manual provided by Edward Snowden, an exploit named Validator might be the default, but the NSA has a variety of options. The documentation mentions United Rake, Peddle Cheap, Packet Wrench, and Beach Head—all delivered from a FOXACID subsystem called Ferret Cannon. Oh how I love some of these code names.

Snowden explained this to Guardian reporter Glenn Greenwald in Hong Kong. If the target is a high-value one, FOXACID might run a rare zero-day exploit that it developed or purchased. If the target is technically sophisticated, FOXACID might decide that there's too much chance for discovery, and keeping the zero-day exploit a secret is more important. If the target is a low-value one, FOXACID might run an exploit that's less valuable. If the target is low-value and technically sophisticated, FOXACID might even run an already-known vulnerability.

We know that the NSA receives advance warning from Microsoft of vulnerabilities that will soon be patched; there's not much of a loss if an exploit based on that vulnerability is discovered. FOXACID has tiers of exploits it can run, and uses a complicated trade-off system to determine which one to run against any particular target.

This cost-benefit analysis doesn't end at successful exploitation. According to Snowden, the TAO—that's Tailored Access Operations—operators running the FOXACID system have a detailed flowchart, with tons of rules about when to stop. If something doesn't work, stop. If they detect a PSP, a personal security product, stop. If anything goes weird, stop. This is how the NSA avoids detection, and also how it takes mid-level computer operators and turn them into what they call "cyberwarriors." It's not that they're skilled hackers, it's that the procedures do the work for them.

And they're super cautious about what they do.

While the NSA excels at performing this cost-benefit analysis at the tactical level, it's far less competent at doing the same thing at the policy level. The organization seems to be good enough at assessing the risk of discovery—for example, if the target of an intelligence-gathering effort discovers that effort—but to have completely ignored the risks of those efforts becoming front-page news.

It's not just in the U.S., where newspapers are heavy with reports of the NSA spying on every Verizon customer, spying on domestic e-mail users, and secretly working to cripple commercial cryptography systems, but also around the world, most notably in Brazil, Belgium, and the European Union. All of these operations have caused significant blowback—for the NSA, for the U.S., and for the Internet as a whole.

The NSA spent decades operating in almost complete secrecy, but those days are over. As the corporate world learned years ago, secrets are hard to keep in the information age, and openness is a safer strategy. The tendency to classify everything means that the NSA won't be able to sort what really needs to remain secret from everything else. The younger generation is more used to radical transparency than secrecy, and is less invested in the national security state. And whistleblowing is the civil disobedience of our time.

At this point, the NSA has to assume that all of its operations will become public, probably sooner than it would like. It has to start taking that into account when weighing the costs and benefits of those operations. And it now has to be just as cautious about new eavesdropping operations as it is about using FOXACID exploits attacks against users.

 
"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Warph



The One National Park That Remains Open


Going into the second week of the Government shutdown, most facilities operated by the federal government have been closed. Crime scene tape, "barrycades," and various other signs of closure can be seen from coast to coast. There is one national park that remains open: Barack Obama's favorite golf course.  That's right, Andrew's Air Force Base Golf Course, remains open.

After all, the President's golf avocation is of vital importance to the operation of the United States, right?

As a fiscal note, the operation of golf greens is not as cheap as one might think. According to the Professional Golf Association, the US government spends an average of  $384,000 – $1,000,000 per year on every golf course it owns. The federal government  owns 234 courses around the world; that is about  $140 million per year on this form of recreation.

While the President's favorite course remains open, grocery stores on Army bases in the U.S. are closed. In fact, there seems to be no logic to what is kept open and what is not. Things that cost the government no money, such as the Army Navy game which is paid for by private funds, will be evaluated as events unfold in the coming days.

FDA drug tests continue, but the National Institute of Health which treats cancer patients  is shut down.  The Saint Lawrence Seaway Development Corp. is open, while 3,000 safety inspectors employed by the Federal Aviation Administration are off the job.

Andrews Golf course staying open highlights the Administration's desire to inflict the maximum pain on the American people.  Previously Free Patriot reported that Obama has shut down, or attempted to shut down several places. Among those include George Washington's home Mount Vernon, which is privately owned,  the Atlantic Ocean and Mount Rushmore.



"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Warph

Obuma Says He Has No Idea How Many People Signed Up For Obumacare,
Tells People Not To "Give Up" Trying To Apply Through Train Wreck Website


(He's either lying about not knowing how many people signed up or admitting his administration is woefully incompetent... my money's on lying, which he does so well!)


Via Politico:
Obama doesn't know how many people have signed up for health care insurance since the marketplaces created by his health care law opened on Oct. 1, he said in an interview released Saturday.

Obama's comments came in a sit-down with the Associated Press, as he encouraged people trying to register to keep trying. Those who want insurance "definitely shouldn't give up," he said. There's been skepticism from Republicans and the press about whether the White House really doesn't know how many people have enrolled this week.

Obama said that early interest in the exchanges far exceeded the government's expectations for the first few days, but "folks are working around the clock and have been systematically reducing the wait times." HealthCare.gov is down for the weekend to give the administration uninterrupted time to improve the site.

"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Warph

#1828
"If Government can be so petty and spiteful,
imagine what they'll do with your health care.
STOP OBUMACARE!"
 
Post by iOwnTheWorld

Hey, GOP: here is your meme, your talking point, your weapon against Obama and the Big Government Demo-rats.  It comes from our esteemed contributor, Mr. Pinko, who says:

If Government can be so petty and spiteful, imagine what they'll do with your health care.  STOP OBUMACARE!

As an example, consider this story:

S.D. officials object to feds barring visitors from highway viewing areas near Mount Rushmore.

           

The National Park Service placed cones along highway viewing areas outside Mount Rushmore this week, barring visitors from pulling over and taking pictures of the famed monument.



The National Park Service closed the monument in response to a government shutdown, but South Dakota officials say the National Park Service went too far when it coned off the highway viewing areas.


The Helicopter illustration is a satire, but the article is not.

We have a would-be despot in the White House, who respects neither the power of Congress nor the American people.  And he is out to punish both!


[...]


LISTEN UP, REPUBLICANS ON THE SUNDAY SHOWS: Here are your damn talking points...
 
Write 'em down on your hand if you need to:


NEVER BEFORE have we had a president who refused to negotiate with Congress over spending. Not Carter, Reagan, Clinton or the Bushes!

NEVER BEFORE have we had a president who punishes the American people during a shutdown by closing open-air War Memorials To Veterans!

NEVER BEFORE have we had a president who plainly states his opening negotiating position with Congress is that he WILL NOT NEGOTIATE!

NEVER BEFORE have we had a president who refuses to fund government using regular order (specific appropriations)!

NEVER BEFORE have we had a president who disdains the balance of power so much that he orders Congress around LIKE A DICTATOR!

NEVER BEFORE have we had a president who so despises the American people that he punishes them when he things don't go the way he wants!

NEVER BEFORE has America had such a narcissist as POTUS who bullies and throws temper tantrums like a 5 yr. old when he doesn't get his way!

If a would-be tyrant can be so petty and spiteful, imagine what they'll do with your health care. Be afraid of Obamacare.  Be very afraid!
"Every once in a while I just have a compelling need to shoot my mouth off." 
--Warph

"If you don't have a sense of humor, you probably don't have any sense at all."
-- Warph

"A gun is like a parachute.  If you need one, and don't have one, you'll probably never need one again."

Ross

#1829
When you spend more than you have year after year there is bound to be trouble sooner or later!
I think that trouble is here!


Jim Rogers: 'Catastrophe' Coming, Thanks to Central Banks
Thursday, 03 Oct 2013 05:25 PM

By Dan Weil

Aggressive easing programs by central banks around the world will create a financial catastrophe, says legendary investor Jim Rogers, chairman of Rogers Holdings.

"This is the first time in recorded history that we have every major central bank in the world printing money, so the world is floating on an artificial sea of liquidity," Rogers told CNBC.com.

"Well, the artificial sea is going to disappear someday. And when it does, the catastrophe will be even worse. Yes, it's coming."

http://www.moneynews.com/StreetTalk/Jim-Rogers-financial-catastrophe-banks/2013/10/03/id/529202?ns_mail_uid=7144240&ns_mail_job=1540287_10062013&promo_code=15155-1


Fed's Fisher: 'Three Stooges Act' Plays on Capitol Hill
Thursday, 03 Oct 2013 07:50 PM


Thursday, 03 Oct 2013 08:16 AM

By Dan Weil


Federal Reserve Bank of Dallas President Richard Fisher, who has opposed additional stimulus, said years of high "economic policy uncertainty" in the U.S. Have been a "significant hindrance" to economic growth.

The Fed's surprising investors by delaying the first taper of bond buying amid an improved labor market "may have increased uncertainty about the future path of monetary policy," Fisher, who does not vote on monetary policy this year, said Thursday in a speech in Dallas.

"That was one argument raised against the decision not to taper," Fisher said of the Fed's policy meeting last month. "I know, because I made the argument, and I was not alone."

Policy makers are debating how to curb record stimulus amid a deadlock over the federal government's budget and a lack of agreement on raising the debt ceiling to avoid default. The Federal Open Market Committee at its next gathering on Oct. 29-30 will weigh the impact from the government's partial shutdown as they debate tapering the $85 billion pace of monthly bond buying to boost the labor market.

The Fed has supported the expansion while Congress is undermining growth by failing to provide a sound fiscal policy, Fisher said in speech in Little Rock, Arkansas.

"We actually make decisions and we get things done," Fisher said about the central bank. "We have a Three Stooges act taking place on Capitol Hill."

The first government shutdown since 1996 began a third day Thursday as face-to-face talks between Obama and congressional leaders failed to break the budget logjam.

James Rickards: QE Will Go Down as 'One of the Greatest Economic Blunders in History'

The Federal Reserve should drop its quantitative easing (QE) and just focus on controlling inflation, says James Rickards, a partner at Tangent Capital Partners.

"My own view, which has no chance of happening, is that they should stop asset purchases completely and start to sell assets and raise interest rates," he told Hard Assets Investor.

The Fed should simply declare, "We don't do stimulus. We're a central bank. Our job is to maintain price stability. We're not in the business of boosting the economy or propping up the stock market or propping up the housing market."

Rickards understands the Fed's rationale. "But it has gone way outside the mandate," he explained.

QE will go down as "one of the greatest economic blunders in history."

http://www.moneynews.com/Markets/Rickards-Fed-QE-gold/2013/10/03/id/529051?ns_mail_uid=7144240&ns_mail_job=1540287_10062013&promo_code=15155-1

Blackstone's Baratta: 'We're in Middle of Epic Credit Bubble'
Monday, 30 Sep 2013 08:29 AM

By Dan Weil

While Blackstone Group is a major investor in many areas, one of its top officials sees trouble brewing in the credit markets.

"We are in the middle of an epic credit bubble, the likes of which I haven't seen in my career in private equity," Joseph Baratta, the firm's global head of private equity, said at a private equity conference, CNBC reported.

"The cost of a high -yield bond on an absolute coupon basis is as low as it's ever been."

Editor's Note: Add Up to $152,046 to Your Social Security Benefits Using Weird Trick

The Vanguard High-Yield Corporate bond fund yields 5.8 percent.

Meanwhile, Baratta said Blackstone is "bullish" on the U.S. Economy, but the "valuations we have to pay relative to the growth prospects are out of whack right now."

The economy grew 2.5 percent in the second quarter. Blackstone sees the economy expanding in a range of 1 to 3 percent going forward.

The firm does see investment opportunities in energy, transportation infrastructure, consumer finance, housing and construction, Baratta noted.

He expects "mean reversion" on interest rates, meaning rates will rise.

"Yes, while everyone focuses on the stock market, the real disequilibrium that has been potentially built up over the years has been in credit markets, where the portfolio rebalancing effect has forced investors out of risk-free U.S. Government bonds and into assets that serve a similar purpose in a much riskier credit structure," he wrote on his blog.

http://www.moneynews.com/Economy/Baratta-credit-bubble-economy/2013/09/30/id/528315?ns_mail_uid=7144240&ns_mail_job=1540287_10062013&promo_code=15155-1




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