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Tony Crescenzi Discusses Newport Beach Puppet Strings
Some perspectives on why everyone should take out their credit card (preferably one issued by General Electric), dial 1-900-PIMCO and buy as many treasuries as their credit rating will allow them. Also, fast forward to 4:20 for some candid observations on puppeteering regarding PIMCO's most recent personnel addition. Odd that CNBC should be asking such questions.
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TD, the embedd link is broken...but I gave you 5 for trying! LOL
The CNBC player isn't working properly. Showing the code instead:
And now the POPE thinks he knows a thing or two about Capitalism! This really gets up my nose! THe silly old bugger should stick to witchcraf ( and funy aboout the Pope talking about 'deviations and ethics', if you get my drift) :
Pope condemns capitalism’s ‘failures’By Guy Dinmore in Rome
Published: July 7 2009 14:14 | Last updated: July 7 2009 14:14
Pope Benedict XVI on Tuesday condemned the “grave deviations and failures” of capitalism exposed by the financial crisis and issued a strong call for a “true world political authority” to oversee a return to ethics in the global economy.
The pontiff’s call for stronger government regulation was made in his third and eagerly awaited encyclical, Charity in Truth, which the Vatican chose to issue on the eve of the G8 summit of rich nations being held in Italy.
http://www.ft.com/cms/s/cc9150d0-6af4-11de-861d-00144feabdc0,Authorised=false.html?_i_location=http://www.ft.com/cms/s/0/cc9150d0-6af4-11de-861d-00144feabdc0.html&_i_referer=http://www.ft.com/home/uk
The Church has a way of making it very hard for me to be Catholic. Mind you I want to, but sometimes...
Has the pope read Azpilcueta or Saint Bernardino? Salamanca School?
The Pope should concentrate on issues within his Church such as deviant behavior from within against young people (pedophilia).
I accept the Pope being pissed off about losing money, anyone who has is.
The Pope is a socialist.
Typical leftist bent to the papal encyclical. Just read it.
http://www.vatican.va/holy_father/benedict_xvi/encyclicals/documents/hf_...
Nothing really particularly socialist or anti-capitalist about it. And I'd be surprised if the Vatican even knew the G8 was meeting. The government cocksuckers will bend anything to justify their power-grab.
try this:
http://plus.cnbc.com/rssvideosearch/action/player/id/1174095628/code/cnb...
Thanks TD!
Is MSM working off a new script? V unusual questions for msm!
TD, In case you haven't seen this over at Calculated Risk, here's Bryan Marsal, CEO of Lehman Brothers Holdings, who is unwinding Lehman Brothers:
[One of my partners said yesterday that we are going to call this phase the "extend and pretend" phase in our economy. Which is you extend someone's maturity - because they are going to default - and you pretend that business will come back or that leverage factor is going to come back.
Then we'll enter phase two, which he said is the request to extend or "amend".
Then "send". In other words send the keys.
That is the phases we are in right now. Everyone is trying to buy time, as opposed to dealing with the leverage, they are trying to buy time. Whether you are a banker or a company, they are all trying to buy time. I don't see the leverage coming back, and I don't see the consumption of good and services coming back.]
http://www.calculatedriskblog.com/2009/07/cnbc-interview-with-bryan-mars...
Fast forward to 4:20? Hmmm
TD,
OFF TOPIC
http://business.smh.com.au/business/rio-tinto-iron-ore-sales-team-arrested-in-china-20090708-dbyi.html
This article shows you the risk of doing biz in China...especially if you jilt them at the alter! A DPILOMATIC nightmare is looming!
Rio Tinto iron ore sales team arrested in China Mathew Murphy and John GarnautJuly 8, 2009
AN AUSTRALIAN man is one of four Rio Tinto employees who have been arrested and detained by Chinese authorities, with the Rudd Government demanding Beijing provide "urgent consular access to him".
Rio's iron ore sales team was arrested by the Public Security Bureau in Shanghai, including the Australian passport holder, Stern Hu, and three Chinese passport holders. No explanation was given.
In what threatens to become a diplomatic nightmare, the Government said it is yet to make contact with the man. "They just failed to turn up to work on Monday and have disappeared," an Australian source said.
The arrests follow Chinese anger at Rio's decision to abandon a $US19.5 billion merger with China's state-owned Chinalco, and recent tension between the company and Chinese steel makers over the price of iron ore. There was speculation last night that the arrests could relate to manipulation of the iron ore market.
A spokesman from the Department of Foreign Affairs and Trade said the Government was aware the Australian man had been detained since Sunday but it was unclear about the reasons for his arrest. He said the man's family had been informed.
"The embassy in Beijing and the consulate-general in Shanghai are seeking urgent consular access to him."
It is understood Rio's iron ore team has been meeting in Hong Kong and Singapore for more than a month out of fears that their phones and emails were being bugged and that key negotiating information was finding its way back to the China Iron & Steel Association.
The talks, which were due to be settled by June 30, are continuing, with the Chinese steel makers demanding a bigger discount than the 33 per cent cut agreed to elsewhere in the world.
Makes sense since the semi-official response was that of a jilted lover. Not only did RTP end up making ACH pay more just to keep what they had (and they got their first piece at the top)...but the crown jewel of the deal, the Pilbara mine, got tied up with some white folk in a heartbeat.
What the West missed is that China has been playing by the rules. More big dolla dolla firepower than GS could wet dream of is supposed to get you something in this world. But when we won't take their cash they have other ways to get what they want.
Tradewars are on...
I saw this today when it was on and I almost had to spit out my coffee. I couldn't shake the smug look on that fuckers face when he said 'Frequent Flyer Miles.' I couldn't think of anything more condescending he could have said. The fucked up thing is, I don't think anyone to whom it was directed as a sneer would have perceived it so. And the clock ticks on...