Archive - Sep 14, 2010 - Blog entry

Expect a dramatic roll back of the leftward policies the country has adopted over the last two years, and a sudden revival of the industries that have suffered as a result. Big oil, defense, health care, coal, nuclear energy, and for profit education companies are all big winners. And alternative energy too.

Claims of "national security" are used to keep basic financial information - such as who got bailout money - secret. That might not bode for particularly warm and friendly treatment for someone persistently demanding the release of such information ...

I think the action is heating up.

A few articles for you to consider as global pension tension heats up...

I mention all of this, because the European banking system seems to be repeating the exact same policies today, only two years later.

We’ve already seen the phony “stress test” charade along with the “all is well” proclamations. Now, the largest, most venerable European banks are starting their own version of the “we need capital, but all is well” tightrope act.

Take a guess...