Archive - Dec 6, 2010 - Blog entry

Sleep tight Bankstas, InAction Jackson and "a broad array of criminal enforcement fools" are not on the case...

British pension funds will be prevented from investing in risky assets, including stocks, by the Pensions Regulator under plans to stop weaker companies with large pension shortfalls from making huge bets.

Copper is often called Dr Copper as the metal is considered a bell-weather for the world economy due to its close correlation to economic growth (used by many industries, copper typically rallies when the world economy is growing)

And predicts banks could face another trillion in housing-related losses ...

Not only does it appear that the judge “withdrew” the defendant's motion to dismiss, he flat out tells him the Fla.R.Civ.Pro do not apply in his court. So much for due process... 4closureFraud.org

The markets are a cartoon. D.C. is a cartoon.

You don’t need a “wikileaks.org” site to reveal much of the BS that is going on in the world today. A lot of revelation can be made simply by having motivated, knowledgeable experts scour through publicly available records. I’m about to make said point by showing that the proclamations of the ECB, IMF, the Portuguese government and all of those other governments that claim that Portugal will not default on their loans is simple nonsense.

Once again, Ireland finds itself with the rare opportunity to strike a blow against the EU and end the dream of a corporate superstate. And all they need to do is vote "No".

The Communist Party learned from Tienanmen in 1989 how surging prices can seed dissent. "Inflation is a redistributive mechanism in favour of the few that can protect living standards, against the large majority who cannot. The political leadership cannot, will not, take risks in that regard," said Mr Ash.

Bernanke looks like he's terrified ...

Benron got run over by a reindeer--walkin' home from Lloyd's house Christmas eve...

When companies are unproductive and destroying wealth, management teams should not be looking to grow that business. Instead, management needs to improve profitability by either divesting it unprofitable units and/or restructuring the units to make them profitable before they earn the right to expand. The alternative is also true, just as investors do not like to see management grow a unprofitable business, investors do like to see management grow a profitable business (generating positive EMs) to maximize its profitability

I posted this before Mr. Bernanke's interview on 60 Minutes was aired on CBS. However, it provides a different perspective about the dynamics among inflaion, jobs, and QE to counter views from the ivory tower of Mr. Bernanke's. RBOB went up 45 cents since Aug., is the fear of inflation really overstated?

Look at any international comparison of taxes to GDP, and one can always find the United States at the bottom of the table. The average amount of tax paid by the top 400 US tax payers came to under 17%, less than half the maximum Federal rate of 35%. Why Warren Buffet pays a much lower tax rate than his secretary. My plan for balancing the budget.

Folker Hellmeyer, the chief analyst with the Bremer Landesbank, gives an exclusive interview to chaostheorien.de on his take on the global currency wars and China's role in the global economy moving forward.