Archive - Feb 1, 2011 - Blog entry

Inflation is already exploding worldwide, which means paper money in general is going to be worth less and less on its way to worthless. If you think the US is immune to this situation, you're in for a very RUDE surprise in the coming months. Indeed, the Fed’s Hoenic just announced there might even be QE 3… and he’s supposed to be one of the Fed HAWKS!

Canadians have voiced their opinion. They're worried about their retirement and rightfully so. They're expected to manage their own investments in schizoid wolf markets that are battering professional money managers. The time for reforming the Canada Pension Plan (CPP) has come...

Hosni Mubarak ... Teacher extraordinaire.

A guess at the NFP and what it might mean if I'm right.

There simply cannot be a con without two opposing but cooperative parties involved. And both sides need to expect to get something out of the deal, regardless of whether it happens or not and despite all the facts not being known by one or more of the parties.

Of course, all of this is just financial speculation and trading models. No sane person could possibly invest in the Euro today based on fundamentals. After all we’ve already seen Greece ask for an extension of its bailout payments from three to 30 YEARS. And it’s not as though investors are interested in buying bonds from Spain or Portugal (see the recent bond buying activity from the ECB). And then of course there’s the Irish wild-card now that the elections will be held in late February.

The puppet show.

A short recap of today's meeting...

Thank you, President Mubarak ... for educating the world about the concepts of agents provocateur and false flags ...

Forget "million man march" ... Egypt has over TWO million.

Google's Android is now the undisputed top selling mobile OS in the world, unseating Research in Motion's Blackberry, Apple's iOS and Nokia's Symbian/MeeGo in record time. Being that Android is essentially a front end to Google's cloud services and apps, does this mean that Google now has (or soon will have) more application reach than Microsoft - the world's largest software company? Pretty good performance for a search engine, eh?

If you don’t want the Florida Supreme Court to pass the Florida Bar’s new rule violating the rights of citizen journalists, by the end of the day on Feb. 1, 2011, send an email to katherine.giddings@akerman.com and jjenning@flabar.org

The basic problem is that nobody cares. Cotton, the grains, and oil all go up for the short term. But the long term impact of the Egyptian blow up on the global economy is minimal. But expect volatility to start trending upward from here. There are black swans out there gathering.

Honestly, at this point why do the Feds even bother trying to make GDP sound credible. If you’re going to just make stuff up, why not shoot for the moon? We could be posting GDP growth of 500% per quarter and employment at 200%. Why not simply REMOVE inflation from economic data? Just claim the Dollar hasn’t moved EVER.