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Frontrunning: June 2
- West moving toward deeper financial crisis (China Daily, h/t Ian)
- SEC seeks to bar union-puppet Steve Rattner from Wall Street (NYT)
- HFT - Fast, Loose and Out of Control (Newsweek)
- Deepening right hampers ECB public opinion battle (Reuters)
- Greece urged to give up euro (TimesOnline, h/t John)
- BP at risk as share plunge fuels takeover speculation (Bloomberg)
- Are the 180 M1 tanks rolling out of Fort Knox over the next year and a half carrying more than just MREs? (NYT, h/t Kyle)
- Todd Harrison: Forging a path to economic recovery (Minyanville)
- Prada mulling IPO for fifth time in 10 years (Bloomberg), or maybe just Radioshack will LBO it preemptively
- Poland sells PNL 900 million in 2 year notes, 2.74 billion in total bids (Reuters)
- Whiplash (Alhambra Investments)
- Much ado about Libor (Forbes)
- ATT drops unlimited-data plans (WSJ)
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Why shouldn't they. There's nothing more to guard anyway.
Great China Daily article.
"... Western economies - including the US and the European Union (EU) but excluding Australia and Canada, which are big natural resources exporters - are marching toward economic failure. I base this assertion on just one thing: Their governments are afraid to do the right thing."
Australia and Canada could easily blow up, both have large housing bubbles. Thus a heavily indebted private sectors.
Both countries private sectors are very sensitive to interest rates, even though rates are at near record lows the percentage of income going torwards payments is at near record highs. Thanks to overpriced housing.
Time will tell for both these countries, from where I sit they are no different to anywhere else, asset bubbles and a 10 year plus credit binge.
The article is spot on. If the article's viewpoint is held by more than a few Chinese, then they are much more realistic about the current situation than most Americans. There are many ways in which today's politicians could better serve their constituents - educating them about the ill effects of prolonged, unsustainable spending would be a good place to start.
However, when almost half of all workers have no skin in the tax game, it's not surprising that they don't want to look a gift benefits horse in the mouth.
The more time passes, the more I respect what Ross Perot was trying to do many years ago with his big charts, even if he was a less than ideal messenger.
Could anyone explain why Apple has gotten so much coverage over the past few month? Before the iPad even was released they have been making headlines. Every news outlet drools every time they can to put out an Apple story. It just seems so fabricated.
Looking at Googletrends for 2010 the only searches on the net come during prime peaks of news mentions of "iPad."
http://www.google.com/trends?q=ipad&ctab=0&geo=all&date=2010&sort=0
So much hype...I guess the masses needed something to fill in for Lost, American Idol and 24.
I have an I-PAD. It has many drawbacks if you look at it as a Lap Top. On the other hand, the thing is very useful. First of all my back feels much better since I am not constantly hunched over my Power Book. Second, there are a handful of very useful Apps if you are in formation hungry on the go. Third, my eyes appreciate the larger screen when I am out. Fourth, as I type this I am looking at dual screens, one on my lap and the other laying on a pillow. Finally, I know Apple are busy filling in the Gaps.
I am sure my kids will have other reasons to love or hate it.
For $499, I would say it is a bargain.
As for the press, they never want to look stupid. So they will Ape what all their peers are saying without understanding the substance of the matter.
Thanks for your input. I guess my point is tablets have been around since 2001. The Oqo, while very expensive, is a micro computer (expensive but ahead of its time at least) and there was nary a story about it.
That China Daily tirade really cracked me up.
Perhaps true, but coming from China? ORLY?!? Nothing they themselves should consider, but a good plan for everyone else no doubt.
Yes, but the Chinese do execute corrupt government officials:
http://tinyurl.com/2ekgjqn
Maybe they have to get rid of their Tungsten filled bars over the next year before a stronger Audit bill passes that might catch them at their crooked game.
In oil spill times, it's good news:
http://www.telegraph.co.uk/science/science-news/5353809/Worlds-first-bat...
(World's first battery fuelled by air)Tyler, for the sake of truth, on the issue "Greece urged to give up euro (TimesOnline, h/t John)", please suggest reading the comments that Times online pucblisehd below that pathetic article...
"Are the 180 M1 tanks rolling out of Fort Knox over the next year and a half carrying more than just MREs?"
HA!
I guess since everything is owned by the state all crime becomes a crime against the state. Execute those suckers.
Posting this here as it's a generic comment.
About 20 minutes ago this buffoon "Dick" (I didn't catch his last name) was on CNBC stating that the market is forming a bottom, there's lots of cash on the sidelines, and funds are buying tech.
What cash on the sidelines? Mutual funds have seen huge redemptions and are holding historically low levels of cash.
When is CNBC going to be criminally investigated for all their lies and for giving air time to any idiot who wants the opportunity to talk up their book and frontrun the market?
Those guys are just as culpable as GS.