Archive - Mar 1, 2013 - Blog entry

Incase you didn’t notice, the sequester is in place cutting the rise in government spending by all of 2%. I woke up this morning expecting the planet to have reversed its rotation, it was no longer winter and I had aged 30 years. But no, everything was the same, except for the bullshit emanating from various pundits or websites. One thing I’ve learned to do, whether its Obama, Boehner, or Reid is just to tune them out. If there’s a national emergency then I don’t know what I’d do or who I’d tune in—Big Sis?  Good grief!

No, American Banks DON'T Need to Be Big to Compete with Bigger Foreign Rivals

Banzai7: Ok

A major shift is taking place in Central Bank policy. The herd is ignoring the language as usual... just like they did in 2008.

Comes with an “Attendance Justification Tool Kit”

Big name brand banks push 75% loss ponzi schemes, yet everybody still flocks to work, and do business, with them. The term Muppet is a compliment!

I look at two problems confronting Japan. Despite huge monetary easing and extended QE, deflation not inflation remains the dominant price characteristic. Many who think that QE drives currencies and creates inflation really need to come to grips with Japan. The other problem Japan is encountering is that foreign investors have responded to the policy signals by rotating out of Japanese bonds and into Japanese stocks. However, Japanese investors have not stepped up their export of savings to protect it. Instead over the past four weeks, Japanese investors have sold more foreign assets than any four week period for more than a decade.

A holiday on ice...

MS has brought us another Awful Deal, basically MS sold Offal to the public.