Archive - 2009 - Blog entry

Global warming scam exposed as scientific fraud; Copenhagen summit approaches, Abu Dubai goes bust; financing problems spread to governments, Washington insists on Colombia 'full spectrum' base, new H1N1 bypasses adaptive immunity, Gibbs' Virology paper suggests lab origin, US mint suspends sales of Eagles, Bernanke to run his mouth on Thursday.

World trade volumes grew sharply in the third quarter of this year, data from the Dutch CPB research institute showed on Friday, in a further sign that the global economy is pulling out of crisis.

Did you hear about Citi's $8 billion dollar loan to Dubai?

What could possibly connect Best Buy, Paul Krugman and the carry trade? The answer is is that everything is connected.

“Oh what a tangled web we weave, When first we practice to deceive”...ourselves. With apologies to Sir Walter Scott.

I am just waiting for someone on CNBC to utter the "R" word: resilient. When you hear that word, make sure you run for the exits.

To claim that our pension system is working is simply ridiculous. The bankers will defend their profits but they're not delivering the goods at a reasonable cost.

On a global scale, Dubai World's debt problem seems relatively minor, but it illustrates the impact from one tiny country in an increasingly interconnected world. The Dubai news also cast doubt over the strength of the U.S. economic recovery, and the prospects for a bottoming of property prices.

Background to, and fallout from, Dubai debt crisis.

I think Putin is onto something. Now, if only we can figure out a way to redistribute income from Wall Street crooks back into the pensions they keep plundering.

The history of the dollar is one marked by a dominance unrivaled in history. Following the Bretton Woods Agreement of 1944, which established the dollar as the global reserve currency, Americans have enjoyed an era of unprecedented wealth and prominence.

I know you have heard a lot of negative stuff about commercial real estate, but most of it was after the fact, and the new stuff just doesn't seem to convey the gist of how far underwater many players actually are - or will be...

US mint halts sales of gold eagles, gold once again hits all-time highs, Tungsten comes back in fashion, Council on Foreign Relations propaganda rag asserts total dollar collapse "well before 2030".

Is Dubai a head fake? I think so. The main event is still in full swing.

The chickens are (just) starting to come home to roost...