Daily Highlights: 2.1.10

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Mon, 02/01/2010 - 09:19 | 213143 AN0NYM0US
AN0NYM0US's picture

good article from Jesse

"And that is the nature of Goldman. Gather up as many customers as possible, aggregate the available information to achieve a superior market view and then relentlessly extract rents from the marketplace. Better yet, tell yourself you’re smarter than everyone else and you’ve earned the rents from the symbiosis."

http://jessescrossroadscafe.blogspot.com/2010/01/front-running-markets.html

Mon, 02/01/2010 - 09:49 | 213164 phaesed
phaesed's picture

ROFL

 

Judd Gregg - " I Believe it was Einstein who said 'the definition of insanity is doing the wrong thing over and over again and expecting change'"

LOL. It's "the same thing".

Maybe he should have thought about that when he voted for Bernanke.... again.

Perhaps Einstein should have said the definition of insanity is believing politicians are anywhere near intelligent :)

Mon, 02/01/2010 - 10:43 | 213200 SWRichmond
SWRichmond's picture

From Bloomberg:

The $1.6 trillion deficit forecast for the current year represents 10.6 percent of the U.S. gross domestic product

And remember, kids, the US GDP grew in the last quarter of '09 at a 5.7% annual rate.  Do the math.  We're dead men walking.

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