From the Arab world to the Baltics, the 2nd derivitive of "change" is increasing.
Its so amusing to see various Arab states attempt to divert the unwashed masses by bribes (such as increasing the minimum wage, etc.)...this will of course prompt the opposite of the desired effect as the general populace realizes THEY hold POWER.
This also dovetails nicely into a discussion about the Foreign Corrupt Trade Practices Act in the United States. I will comment about this at length soon.
Wednesday, February 16, 2011
Tuesday, February 08, 2011
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NEW YORK (Reuters)—Al Gore's Generation Investment Management LLP is starting a $500 million fund to invest in Asian stocks, Bloomberg reported on Sunday
Tuesday, February 01, 2011
The tin-hat crowd is aflutter...
...the IMF brazenly states its goal. A world currency is something that never should happen. The power to issue a currency requires power over fiscal policy as well to achieve any sustainable coherence. Europe is slowly learning this painful lesson.
It reminds me of a joke:
"Q: What is a communist?
A: Someone who reads Lenin and Marx
Q: What is an anti-communist?
A: Someone who understands Lenin and Marx"
In other words, even assuming a world currency was technically possible, why would we want one?
The topography...
...of global markets remains very much in flux.
I still hold my beliefs that we have entered into the next phase of deflation, and national policies of "austerity" (which, among other things, always leads to increasingly protectionist and downright mercantilist policy actions).
Thus, come March or so we should experience another sell off in equities, coupled with a strong dollar, decreased rates and a large commodity sell-off.
The recent events in North Africa have punctuated the the threat of action and thrown into stark relief the difference between perceived and actual power of national governments.
I still hold my beliefs that we have entered into the next phase of deflation, and national policies of "austerity" (which, among other things, always leads to increasingly protectionist and downright mercantilist policy actions).
Thus, come March or so we should experience another sell off in equities, coupled with a strong dollar, decreased rates and a large commodity sell-off.
The recent events in North Africa have punctuated the the threat of action and thrown into stark relief the difference between perceived and actual power of national governments.
Absurd.
Ability to pay? How does this reasoning even apply in an era of computerized spreadsheet debit/credit entries? Countries simply change entries in a spreadsheet...they do not ship gold to foreign locales, nor must they "get" their own sovereign currency "from" somewhere in order to debit or credit these security accounts. Has Japan exibited a decreased "ability" to pay in light of its 190 debt/GDP ratio?
Another possibility is that Moody's is aware of the above, but is publishing this for other, more self-interested reasons.
Moody’s Says Time to U.S. Outlook Change Shortens (Update1)
By Christine Richard
Jan. 27 (Bloomberg) -- Moody’s Investors Service said its time frame for possibly placing a negative outlook on the Aaa rating of U.S. Treasury bonds is shortening as the country’s deficit widens.
The outcome of the November elections, the extension of tax cuts and the chance that Congress will not address deficit reduction have increased Moody ’s uncertainty over the willingness and ability of the U.S. to reduce its debt, the credit-ratings company said today in a report.
“Although no rating action is contemplated at this time, the time frame for possible future actions appears to be shortening, and the probability of assigning a negative outlook in the coming two years is rising,” wrote Steven Hess , a senior credit officer in New York and the author of the report. The rating remains stable, according to the report.
Another possibility is that Moody's is aware of the above, but is publishing this for other, more self-interested reasons.
Moody’s Says Time to U.S. Outlook Change Shortens (Update1)
By Christine Richard
Jan. 27 (Bloomberg) -- Moody’s Investors Service said its time frame for possibly placing a negative outlook on the Aaa rating of U.S. Treasury bonds is shortening as the country’s deficit widens.
The outcome of the November elections, the extension of tax cuts and the chance that Congress will not address deficit reduction have increased Moody ’s uncertainty over the willingness and ability of the U.S. to reduce its debt, the credit-ratings company said today in a report.
“Although no rating action is contemplated at this time, the time frame for possible future actions appears to be shortening, and the probability of assigning a negative outlook in the coming two years is rising,” wrote Steven Hess , a senior credit officer in New York and the author of the report. The rating remains stable, according to the report.
The Benevolent and paternal paper dragon...
...the actions of a state wishing to usher in the peaceful transition to an open society, or another example of its desire to maintain the illusion of control? This in combination of the recent findings of used footage from "Top Gun" in lieu of actual aircraft operations tells us more than official statements from Beijing.
Wary Of Egypt Unrest, China Censors Web
BEIJING — In another era, China’s leaders might have been content to
let discussion of the protests in Egypt float around among private
citizens, then fizzle out.
But challenges in recent years to authoritarian governments around the
globe and violent uprisings in parts of China itself have made Chinese
officials increasingly wary of leaving such talk unchecked, especially
on the Internet, the medium some officials see as central to fanning
the flames of unrest.
So the arbiters of speech sprang into action over the weekend.
Sina.com and Netease.com — two of the nation’s biggest online portals
— blocked keyword searches of the word “Egypt,” though the mass
protests were being discussed on some Internet chat rooms on Monday.
The use of “Egypt” has also been blocked on Weibo, the Chinese
equivalent of Twitter.
Wary Of Egypt Unrest, China Censors Web
BEIJING — In another era, China’s leaders might have been content to
let discussion of the protests in Egypt float around among private
citizens, then fizzle out.
But challenges in recent years to authoritarian governments around the
globe and violent uprisings in parts of China itself have made Chinese
officials increasingly wary of leaving such talk unchecked, especially
on the Internet, the medium some officials see as central to fanning
the flames of unrest.
So the arbiters of speech sprang into action over the weekend.
Sina.com and Netease.com — two of the nation’s biggest online portals
— blocked keyword searches of the word “Egypt,” though the mass
protests were being discussed on some Internet chat rooms on Monday.
The use of “Egypt” has also been blocked on Weibo, the Chinese
equivalent of Twitter.
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