Archive - Jul 2011 - Blog entry

"Look for a huge shock when they announce just how much more debt the gummit will need to sell compared to what was originally estimated"

“I suppose I could have added that since we somehow acquired the most dismal, virtually unsingable dirge of a national anthem of any known nation, we should decorate Hendrix for turning it into music.”--Dick Cavett

Even though most of us come to Zero Hedge to learn, laugh, share and even rant, ultimately many of us are all alone as we cope with our awakening. While Tyler & Company do an excellent job deconstructing the insanity, rarely is our day to day emotional and psychological battering discussed. I offer the following occasional series as a small step in that direction.

Our forefathers fought and sacrificed their lives, their fortunes and their comfort so we could be free ... but aren't things arguably as bad as under merry old King George?

The easy part was the bounce. The hard part was knowing that the SP500 was going to gain nearly 5.5% in one week.

There are more than 1 million college-educated "ants" in China making an average $286 a month. While China seems to have an over-supply of college grads, the United States, on the other hand, is not producing enough college-educated workers, at least according to a new study released by Georgetown University.

Increasing numbers of economists, market participants and some members of the US policy establishment have come to a greater appreciation of the role of globalization on US economic performance. They view globalization and the US policy response to it as the cause of the US asset price bubbles and hence the balance sheet nature of this “recession”. This perspective also implies that counter-cyclical fiscal and monetary policies do not address the cause of the under-performance of the US economy and hence are not solutions.

Enjoy this great graphic summary of the American Budget on the Day of Liberty. Try finding the little Dot to the left on the Chart. Greece is not a black swan event, the US will be One. Presented without comments.

Following up on saving the world and some 4th of July thoughts on Greek and American nationalism...

Is the Balkan mentality the biggest problem in trying to solve the Greek situation?

Below is a translation of a letter from Professor Schwarz-Schilling to Richard Herzinger of Die Welt c/o my friend Achim Duebel in Berlin. He writes: "Mr. Mladic perhaps is right to be angry, sitting so lonely in the dock in The Hague. A Europe unable to learn from its past sits in the shadow behind him."

Some fireworks go off.

I wish all you a very Happy Independence Day 2011!

Dark Side of The Buffoon...

July 1st marked the 90 years anniversary of the Communist Party of China (CPC). China has undergone huge changes and will be the next super power. If we all end up working for the Chinese or not is to be seen, meanwhile we present some history on the Red Capitalist, that will drive China into the next World Super Power.