• asiablues
    03/20/2010 - 19:47
    My take on views expressed by Jim Rogers at a BBN interview on Mar. 18 about the recent currency and trade confrontation between the US and China, the Canadian loonie and the U.S. bond market.
  • Chopshop
    03/20/2010 - 04:48
    Phinance's phavorite political prisoner, Martin Armstrong, cautions that "the EU is in dire position", on the precipice of shattering. Since "debts will never be paid and interest expenditures are the greatest transfer of wealth in history ... Western society is falling apart ... If we do not act, civil unrest will explode. The current choice is DEFAULT or HIGHER TAXES & CIVIL UNREST ... Someone has to step forward to save us or we may be doomed. It's time to wake up for this is the future of our children and their children at stake. "
  • Econophile
    03/20/2010 - 00:41
    As promised, here is the complete article, "China's Fragile Economy, Its Housing Bubble, and What It Means To Us," in a downloadable PDF. You can download it, print it out, and read the entire piece at your leisure. The conclusions aren't encouraging, for them or us.

Frontrunning: November 23

Tyler Durden's picture




  • Wave of debt payments facing U.S. government (NYT)
  • Jamie Dimon seen as good fit for Treasury (NYPost)
  • Goldman's response to questions about AIG (NYT)
  • Deficits and loose money should lead to higher gold (MarketWatch)
  • Gold hits record as dollar slips (Reuters)
  • Geithner's crisis sleepwalk is reason he must go (Bloomberg)
  • Aluminum bubble concerns mount as surplus may add 29%: enough aluminum in store to build 69,000 Boeing 747s (Bloomberg)
  • Bills yielding zero as stocks soar make 1938 moment (Bloomberg)
  • India's Reliance bids for Lyondell (BBC)
  • China asks its banks to slow down (NYT)
  • JAL seeks 40 percent pension payout cut for survival (Reuters)
  • Chinese are just like New Yorkers. They can't stop talking about real estate (Slate)
  • H1N1 deaths doubling almost every two weeks in Europe (Bloomberg)
  • New iPhone worm can act like botnet say experts (BBC)
0
Your rating: None



by LoneStarHog
on Mon, 11/23/2009 - 08:45
#139218

"Jamie Dimon Seen As Good Fit For Treasury" -- Yeah, just the way that Robert De Niro and Joe Pesci were great "fits" in the movie Casino; only this ain't no damn movie.

by Sqworl
on Mon, 11/23/2009 - 09:09
#139235

lol

by Screwball
on Mon, 11/23/2009 - 08:58
#139229

Ron Paul on Squawk Box talking to Kernan, Liesman and Santelli about Fed and the bill.  Video should be up after 9 am.

by SWRichmond
on Mon, 11/23/2009 - 09:04
#139231

The Bloomberg article on Timmy is an obit.  It's a done deal.

by Sqworl
on Mon, 11/23/2009 - 09:15
#139240

He will be rewarded with citi...

by Rainman
on Mon, 11/23/2009 - 09:17
#139241

Sadly, Mickey Mouse could take the job at Treasury now and it wouldn't mean shit.

The damage is done. Stick a fork in the Dollar.

by TwelveTone
on Mon, 11/23/2009 - 09:30
#139259

Re Bloomberg Geitner article. Nothing coming out of the American Enterprise Institute has credibilty. Where were these guys during the GWB years. If you answered "promoting dead ideas and looking the other way," you're right!

by earnyermoney
on Mon, 11/23/2009 - 09:54
#139275

I disagree. The "Standup" section of the article clearly states Timmy's valuable role on the Obama team.

by Gordon_Gekko
on Mon, 11/23/2009 - 10:18
#139315

Yup. Sacrificial lamb. Come to think of it, the guy always looked like "shark meat"  to me. Unfortunately for the puppet masters though, the public is onto their game and it won't do jack to "calm" them. They are slowly but surely realizing that the Fed is the real criminal behind this mess.

by Anonymous
on Mon, 11/23/2009 - 09:05
#139233

Jamie Dimon for the Treasury??? Who comes up with this stuff? According to whom, he is a good fit.

What a joke

by E pluribus unum
on Mon, 11/23/2009 - 09:27
#139252

Now that John Gotti is dead, Jamie is the obvious choice.

by Racer
on Mon, 11/23/2009 - 09:14
#139237

And oh look at those futures soar, can't have more than a couple of down days at most now can we... got to get those silly shorters in out of hours pump

by Racer
on Mon, 11/23/2009 - 09:22
#139247

Trichet said some countries are in a "relatively favorable position" due to "wise and prudent" past management, while "others are already very close to losing credibility."

 

Now I wonder which toilet paper currency country he was referring to eh!

by Anonymous
on Mon, 11/23/2009 - 09:36
#139262

Just how much of the price of gold is attributed to the weak dollar and how much is pure speculation? Remember what the speculators did to the price of oil while blaming it on the weak dollar?

by tip e. canoe
on Mon, 11/23/2009 - 09:39
#139263

if there was ever a time to turn the ZH light from the squid to JPMoRock, NOW is the time.

by Anonymous
on Mon, 11/23/2009 - 10:04
#139299

When Paulson went to Treasury the question was "what's wrong at Goldman?" and I think he took care of it....now with Dimon it's "what's wrong at JPM?"....we'll see if he has the pull that Paulson had...

by stoverny
on Mon, 11/23/2009 - 10:26
#139325

Wow those responses from Goldman to the NY Times are just too much...  my favorite quote is this:

"Even ignoring the collateral, it would have required multiple failures of large financial institutions for Goldman Sachs to have lost material amounts of money through lack of performance of our credit protection."

LOL I can imagine him and his colleagues laughing their asses off as he typed this.

by Anonymous
on Mon, 11/23/2009 - 13:08
#139537

Dracula seen as "good fit" to be new director of the Blood Bank.

by Anonymous
on Mon, 11/23/2009 - 17:56
#139910

G'day ZH - Good write up in the weekend edition of Australian Financial Review on financial bloggers; has ZH listed as one of the most prominent and controversial sites and credited you with exposing the HFT fiasco. No hatchet job by the AFR, if anything was supportive of the work done by financial bloggers. Many Aussies enjoy your posts; we hardly get in-depth analysis here, just a constant re-run of greenshoot stories and the marvels of China. Beers & Cheers…

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