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Frontrunning: February 28
- Madoff to NY magazine: Government a Ponzi scheme (WSJ) - Full NYMag interview here
- U.S. cables detail Saudi royal welfare program (Reuters)
- Saudi activists eye protests, wait for new cabinet (Reuters)
- Congress Inches Back From Budget Shutdown Abyss (Reuters)
- Beijing to Slow Growth (WSJ)
- Will 'Chindia' rule the world in 2050, or America after all? (Telegraph)
- Governors Scramble to Rein In Medicaid (WSJ)
- Irish poll winner eyes bail-out ‘manoeuvre’ (FT)
- Organized Labor: On the Way to Obsolescence? (RCM)
- Cash and Credit - Implications for the Financial Markets (Hussman Funds)
- North Korea Threatens to Attack South Korea, U.S. (WSJ)
- EU Presidents Draft Competitiveness Pact (FT)
- A bull market in risk rages on (Fleckenstein)
- Five Questions for Bernanke on Capitol Hill (Bloomberg)
- Portugal faces more pressure on bail-out (FT)
- Historical Oil Shocks (NBER)
European Economic Highlights:
- Euro-Zone CPI for January -0.7% m/m 2.3% y/y-lower than expected.Consensus -0.6% m/m 2.4% y/y.Previous 0.6% m/m 2.4% y/y.
- Germany Import Price Index for January 1.5% m/m 11.8% y/y-higher than expected.Consensus 1.1% m/m 11.2% y/y.Previous 2.3% m/m 12.0% y/y.
- France Producer Prices for January 0.9% m/m 5.6% y/y– in line with expectations. Consensus 0.9% m/m 5.6% y/y.Previous 1.0% m/m 5.4% y/y.
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Did someone misplace a decimal on that Personal Income number? Seems a bit way too high there.
Chindia my ass. America bitchez!
Was watching an old travelog vhs of NYC architecture. Every building of significance was built buy an old dead rich guy Morgan, Astor, Guggenheim, Rockefeller, Getty. I thought it was telling that in each case the narrator noted how the original owner "made his money" in copper, oil, railroads, etc... Then we watched a video about Czech castles. All of the castles were built by monarchs or other royalty and usually change ownership through war.
After the ongoing collapse is completed, America will return to making things, buildings and money. Go back and learn about your family tree. Nearly every one of us is the end result of a long line of persistent, tireless survivors. It is in our nature.
Laughed hard at the thought of China Slowing Growth. Like the tap was ever in their hands. Should have read, City of London to Slow Growth in Beijing.
Taking one on the Chindia!
ORI
http://aadivaahan.wordpress.com/2011/02/27/the-fascinating-dr-chippalone/
Just watched Santelli completely run bulldozer over Fed's Dudley and LIESman regarding the Fed's inflation calculation methods.
Fuking priceless Santelli. Can't wait for Tyler to post the video!
A Citigroup prediction of 2050? I also might ask a Romanian fortune teller...
And what is Chindia? Sounds like an ancient chimera. And no, I am not afraid of India or China. Actually, I like the history and culture of both nations. But to think they would've something in common. But who knows? Maybe tomorrow it will be the "United States of Eumerica" to keep up the ponzi scheme game.
Brystol Myers to have an Joint Venture with Threshold Pharmaceuticals -TH302 in order to improve Financial Facilities over Prostate Cancer Studies.
GSK and BCG also interested in TH302 multicancerine platform.
Ticker: THLD US EQUITY
Buy till 8$
"Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme."
Hmmmmmm......... well --- takes one to know one .......... I trust his sage opinion
Is Chindia a subsiditary of Goldman's?
It's funny Madoff is viewed as a monster by most people in America. He only ruined very rich people and trusts.
And his Ponzi was very pale in comparison to the global financial/political system.
I have sympathy for him.
When the pension/social security Ponzi will blow out, there won't be any trials, lawsuits or sheeple outrage.
Everybody is a criminal. The only ones who are viewed as such by the sheeple are those who get caught...
Yeah, Madoff is a good guy. After all, he cried for two whole weeks after the suicide of his son. That's grief. Good grief.
"The winner of Ireland’s election said he saw “room for manoeuvre” to change the terms of Europe’s bail-out of the country’s banks."
Not the done deal the IMF thought it was. Go Ireland.