GEITHNER ON A MISSION SUCKING UP TO THE CHINESE
With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload [...]
SINGAPORE AND THE PHILIPPINES ARE CASHING IN ON SHIPPING
With international trade now in double digit percentage decline, as ships unload their last cargoes they head back to Asia in ballast to await their fate. And Singapore and the Philippines are welcoming them with open arms because it is a lucrative business. Already over a thousand large container ships are anchored in their ports. [...]
WHAT’S WRONG WITH A LITTLE PROTECTIONISM AND ISOLATIONISM?
The United States of America is abundant in resources (give or take a few billion barrels of oil), has the most productive workforce in the world and is far and away the most innovative nation on earth. Seeing the country is already flooded with Central Americans, both legal and illegal, why can’t we make a [...]
Wall St Collapses
As you can well imagine I am dancing on the graves of Merrill Lynch and Lehman Brothers. For years I have written about the greed and avarice of big business and the antics of Wall Street. I enjoyed claiming that the N.Y. Mercantile Exchange and Wall Street traders were simply cowboys. Yesterday, I almost “threw [...]
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