Archive - Jan 18, 2011 - Blog entry

Is the The Utah pension model the solution to states' pension woes?

On the occasion of PRC President Hu Jintao's historic visit to the United States, I thought it would be helpful to provide the
following visual presentation comparing the Asian and Western cultural mindset.

The "tape" never lies. Ben can't ignore what he is doing.

D'oh!

The new "global economy" is designed to funnel more and more of the wealth of the world into the hands of the wealthiest 0.001% of the global population. Everyone else is left to fight with one another to divide up a pie that is increasingly shrinking.

Remember, regardless of short-covering bounces, the Euro HAS violated the trendline that support it from July onwards. This technical damage of that move was severe and makes the odds of additional downside significantly higher.

From a technical perspective, expect the stock to get clobbered by at least 8% in the first trading day after Jobs medical leave announcement, and could test $300 or below in the next few days. Looking ahead, there’s a good probability that Jobs may not come back...

The road to ruin ahead of us is clearly laid out. US debt is about to exceed 100% of GDP for the first time since WWII. By 2020, the Treasury will have to pay a staggering $5 trillion a year just to roll over maturing debt. The capital markets will emerge as the sole source of any fiscal discipline, with the return of the “bond vigilantes.” Will China and Japan demand a retreat from our $150 billion a year commitments in Iraq and Afghanistan to protect their bond holdings? (TBT), (TMV).

Goldman pulls the Facebook IPO, I mean private offering from US investors. They don't know how luck they are! Now, how do we educate the foreign gamblers?

Bloomberg News: Goldman Squid...No Comment, FaceBook...No Comment, SEC...No Comment

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