Archive - Feb 16, 2010 - Blog entry

Forget the claims and allegations that false flag terror - governments attacking people and then blaming others in order to create animosity towards those blamed - has been used throughout history.

This essay will solely discuss government ADMISSIONS to the use of false flag terror.

A statistics problem. One I would love to solve. Me and a few thousand other people. A big payoff if you do solve it. The question is, has some already figured this out?

Love him or hate him, Putin sets the record straight. While the media's attention remains on the Greek fiscal crisis, the bigger debt crisis is in the US, and the world is starting to take notice.

How the Middle Kingdom Became the World’s Largest Exporter. Is it possible that Obama’s stimulus program is reviving China’s economy more than our own? A free floating Yuan today would be at least 50% higher than it is today.
(CYB)

It appears as if SPG offered a reasonable acquisition premium over what we feel is reasonable for GGP. Ackman's (publicy disseminated) valuations were apparently in the stratosphere (and our analysis clearly demonstrated this point) while Hovde was a little pessimistic. I'll leave it up to the readers to determine who was the most accurate regarding GGP both on the short side going down (I think I was the only one declaring a position publicly) and on the long side going up (I did not have a position).

Fleckenstein, Roubini, Rogoff, Eichengreen all sound off on the European debacle and more on the big, fat Greek swap.