This morning we were treated to the usual stupifying comments from Greek leadership that "Greece won't need more loans," and will "start becoming a normal country," because the Greek 'recovery' is "built on solid foundations." However, it appears the public-at-large is not so happy as the BBC reports shots were fired at the German ambassador's residence in Athens. Samaras said Greeks "have gone through hard times." With over 60 bullets fired, it seems the someone is upset that their union overlords won't lift those hard times anytime soon...
It is perhaps ironic that the creator of the AK-47 assault rifle, also known as the Kalashnikov named for its creator Mikhail Kalashnikov, and of which there are between 70 and 100 million in circulation making it the world's most popular weapon, has just passed away from what is essentially old age, at 94. "It is difficult and sad to realize that Mikhail Kalashnikov is no longer with us. We have lost one of the most talented, memorable and committed patriots of Russia, who served his country throughout his life,” said the statement from the press secretary of the Udmurtia administration Viktor Chulkov.
We have shown the recent surges in both sales and capitalization of several far, far smaller weapons-makers in the US: Smith & Wesson and Sturm, Ruger (along with the world's seemingly inexorable demand for 'bulk ammo'), but one can only wonder whether the market cap. of Kalashnikov (the maker of the world's most popular rifle) would be greater than that of AAPL if the firm had been based in the US and gone public at inception.
- Investors Shift Money Out of China (WSJ)
- Rajoy Risks Riling ECB in Bid to Avoid Union Ire (Bloomberg)
- Romney-Ryan See Fed QE as Inflation Risk Amid Subdued Prices (Bloomberg)
- Spanish savers offered haircut then money back (FT)
- Must wipe all traces of illegality and settle for $25,000: Standard Chartered Faces Fed Probes After N.Y. Deal (BBG)
- Greece debt report backs cuts plan (FT)
- Greece seeks two-year austerity extension (FT)
- Brevan Howard Looks To U.S. To Raise Money For Currency Fund (Bloomberg)
- Can he please stop buying gold? Paulson, Soros Add Gold as Price Declines Most Since 2008 (Bloomberg)
- BOE Drops Reference to Rate Cut as It Considers Policy Options (Bloomberg)
- EU Banking Plans Asks ECB to Share Power, Documents Show (Bloomberg)
Earlier today, we remarked on the story of a 77-year old Greek, now identified as Dimitris Christoulas, who at around 9 am took his life in the middle of Athens' central Syntagma Square with a bullet to his head. His full suicide note has been released. The note, presented below, ends in a solemn call to arms to "hang the traitors of this country."
Guest Post: The Andean Nightfly Pamphlet - A West Side Story Of Post-Baby-Boom Doom, Oil And Power Being Shifted (On A Platter) To The BRICSubmitted by Tyler Durden on 04/08/2010 23:13 -0400
Quite a ride in the Andean cordillera last night. Flooded Inca roads yielded fresh new bumps which in turn shook the gringo tourist, and synapses went to work. Pondering the idiocy of being born in the 1970s and what not. And taking action as per global warming. Sold my coat to an asshole who still believes in winter. The jerk! I've knocked down the garage and I'm growing broccoli. If you want to cheer up today, stop reading this and snort a line of pollen.
We the famous people of the West are in a bad shape. No matter how rosy the media put it; current state of affairs is feverish like 1937 (at best). The last 50 years of all-out complications from geopolitics to socio-economics seem impossible to digest. Our situation would compare to Mike Tyson after a sex change: same but different, with a totally erratic output. And probably dangerous.
In other news, soon to be skyrocketing Udmurtia unemployment from released Kalashnikov assembly-line workers, will be well below worst-case expectations, resulting in a dramatic pop in the regional stock market, where three Atari 2600 machines trade 10 shares of the one listed stock. Next steps: UAW to start a local branch to assimilate the work pool, and all secured debt in the semiautomatic gun maker will shortly be wiped out courtesy of a Steve Rattner, who seems to have disappeared completely from the face of the earth (but not so sure about 998 Fifth). Lastly, Goldman will somehow end up with full equity control over the legendary maker of AK-47s.