Frontrunning: September 8

• Michael Lewis: Beware of Greeks Bearing Bonds (Vanity Fair)
• Gold nears record as economy bears circle markets (Reuters)
• Just like everything "else" was responsible for the financial crisis, so BP blames "everything else" for the oil spill (Bloomberg)
• ECB to proudly fund the ponzi in Europe for another year in 2011 (Reuters)
• Portugal auction meets strong demand, mostly from the ECB which is now in the "stick-save" business (WSJ)
• China 'Tightening' Speculation Follows Property Surge (Bloomberg)
• Austerity lite sure makes for good theater: Sarkozy to Change Pension Bill, Won't Budge on Retirement Age (Bloomberg)
• The "green" fad is dead - there are iPads to be bought: Hybrid sales plummet 40% in August; Prius records 37.5% decline (Autoblog, h/t Paul Kedrosky)
• Hussman: The Recognition Window (Hussman Funds)
• The college tuition bubble (Fundmastery)
• Developing World Catches a Fresh IT Wave (Caixin)
• Basel Capital Ratio Compromise Reached, Zeitler Says (Bloomberg)
• EU Probes Hidden Greek Deals as 400% Yield Gap Shows Doubt (Bloomberg)
• Is Watching CNBC Detrimental to Investment Performance? (Guru Focus, h/t Jeffrey)

Comments

[VK]

Frontrunning bitchez! Just like Goldman does every single day.

[Goldenballs]

Ah,another day of woes ahead.

[Abu Morpheus]

Third article this month on "higher" education (see Michael Barone and Rich Karlgard for the other two).  Somehow we were convinced that the best way to help our kids was to saddle them with $80,000 in student debt in exchange for a degree in basket weaving and other worthless bullshit from your local liberal arts college.  That is, if they manage to finish college within 6 years or even at all.

[bronzie]

and don't forget that student debts can't be erased through bankruptcy

we are creating a generation of debt slaves - six-figures of debt for a worthless college degree - no job after college - no way to erase the debt - sounds like a good plan to me ...

[Battleaxe]

This ponzi of central banks buying government bonds has got to crash soon!

Doesn't it? Or can it go on forever? As long as the various world goverments keep playing the game together it can go on. If any of the big players quit playing it will be the basis for WAR!

Then they'll want the sons of us PIONS to go fight their battles for them!

[Herry12]

Nice article thanks.
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