Will the 'Age of America' end in 2016? - CNN.com

Will the 'Age of America' end in 2016? - CNN.com: "The lender posted data on its World Economic Outlook that puts 2016 as Year Zero for China as the world's dominant economic power -- the year when China's growth trajectory intersects the decline of the U.S.'s share of world gross domestic product in terms of purchasing price parity."

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Chinese companies 'rent' white foreigners - CNN.com

Chinese companies 'rent' white foreigners - CNN.com: "Zatkin was paid 2,000 yuan (about $300) to fly, along with a couple of Russian models, to a small city in the central province of Henan where he delivered a speech for the grand opening ceremony of a jewelry store there.
They have not told me what my name is today. I think it is Lawrence or something
--Beijing actor pretending to be a New York architect
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China
"I was up on stage with the mayor of the town, and I made a speech about how wonderful it was to work with the company for 10 years and how we were so proud of all of the work they had done for us in China," Zatkin said. "They put up a big bandstand and the whole town was there and some other local muckety-mucks."
The requirements for these jobs are simple. 1. Be white. 2. Do not speak any Chinese, or really speak at all, unless asked. 3. Pretend like you just got off of an airplane yesterday."

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Sarkozy regret over Greece as Europe eyes China - CNN.com

Sarkozy regret over Greece as Europe eyes China - CNN.com: ""Let's be clear; it was a mistake," Sarkozy told French television.
"Greece came into the Euro with numbers that were false and its economy was not prepared to assume an integration into the Eurozone. It was a decision that was taken in, I believe, 2001, for which we now are paying the consequence.""

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Sarkozy regret over Greece as Europe eyes China - CNN.com

Sarkozy regret over Greece as Europe eyes China - CNN.com:

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(1) Twitter / Search - Bill Gross Pimco

(1) Twitter / Search - Bill Gross Pimco: "Gross: EU is a dysfunctional family. Recession ahead even if agreement is reached. Greek default certain, Portugal/Ireland loom."

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Here Is How The 50% Greek Haircut Is Actually Just 28% | ZeroHedge

"Just the math, something Europe is unable to do:

Greece has €350 billion in total debt including about €70 billion in Troika "post-petition" loans; these are untouched.
Of the €280 billion, roughly €75 billion is held by the ECB: this, like the Troika loans, will be untouched.
This leaves just ~€200 billion in actual debt to undergo a haircut.
Apply a 50% haircut to this debt (ignoring the fact that of this about €35 billion is held by Greek pension funds, and once the realization that Greek pensions have been cut in half dawns upon the population, the result will be the biggest riots ever seen in Athens yet).
Total debt to be cut: just about €100 billion.
Hence, of the total €350 billion, just €100 billion is eliminated, most of it used to backstop and service Greek pension and retirement obligations
€250, or the residual, of €350, the original, means 72%, or a 28% haircut.
Greek GDP was €230 billion on December 31, 2010 and declining fast.
And that is how a 50% haircut is "cut" almost in half"

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Euro Zone Debt Crisis - Hear the One About the Greek, the German and the Haircut? - CNBC

Euro Zone Debt Crisis - Hear the One About the Greek, the German and the Haircut? - CNBC:


Very funny !!

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Time to short ???

NYSE Short Interest Drops To Two Month Low As Weak Hands Have Been Squeezed Out

It was bound to happen: after hitting a two year high recently at (adjusted) 15.3 billion shares, total NYSE short interest, which failed to be satisfied with a violent market plunge and instead got caught in a vicious short squeeze, has dropped to the lowest level since mid-August, or 14.7 billion shares. Naturally, this, coupled with the massive bearish bias in the euro, discussed previously, where covering merely added to reinforce the squeeze dynamics, are sufficient to explain the weak hands covering following the unprecedented near 1000 point jump in the DJIA. The good news for bears: it appears the weak hands have been shaken off now. At this point, even if no incremental shorts are layered on, then certainly the autopilot melt up in equities will be next to impossible to be sustained, and some real, not rhetorical, pick up in the global economy will be needed. Alas, one is not coming.

The trades Steve Cohen is being investigated for....I think he'll be just fine ;-))

Occupy Wall Street’s Bank Under FDIC Scrutiny - US Business News - CNBC - CNBC

Occupy Wall Street’s Bank Under FDIC Scrutiny - US Business News - CNBC - CNBC:

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Sales Mistakes Young People Make | Inc.com

Sales Mistakes Young People Make | Inc.com:

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Badger State Industries. The Wisconsin company that uses inmates to manufacture goods

Badger State Industries:

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2011 article about same thing as last post.Proposed bill would allow inmates to manufacture goods for market

Proposed bill would allow inmates to manufacture goods for market:

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2008 article...now being implemented in 2011. Yet we look down our noses and criticize China for the very same. Putting Prisoners To Work - Forbes.com

Putting Prisoners To Work - Forbes.com:

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Nassim Taleb on Wall Street Protest, Banking - Video - Bloomberg

Nassim Taleb on Wall Street Protest, Banking - Video - Bloomberg:

A link to the video.. The real problem

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This is the problem with America, not the parties or all the other fluff thrown in our faces by the media...this is the core...and it's rotten.

There was a time when Nassim Taleb media appearances were a daily thing. Then he decided to take a sabbatical from the public's eye, and literally fell off the face of the planet. And while over the past year or so, he has gradually resurfaced, his extended discussions on various topics are still almost as rare as a double digit move in the Dow Jones Industrial Average. Tonight he broke his vow of silence, and joined Bloomberg TV's in discussing the "Occupy Wall Street" protest, which he expects to devolve into class warfare, as well as his view of the global banking system. And an interesting tangential discussion to develop is his observation of applying the principles of the "Hammurabi's Code" to the banking system.

Global Demand for U.S. Assets Climbs More Than Forecast Amid S&P Downgrade - Bloomberg

Global Demand for U.S. Assets Climbs More Than Forecast Amid S&P Downgrade - Bloomberg: "‘No Imminent Demise’
The data show that “there is no imminent demise of the U.S. dollar” and are a reminder that the dollar “still has some attractiveness despite the negatives that are still out there,” said Joseph Lupton, global economist for JPMorgan Chase & Co. in New York."

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Goldman Sachs Earnings - Goldman Sachs Posts Loss as Investment Banking Slides - CNBC

Goldman Sachs Earnings - Goldman Sachs Posts Loss as Investment Banking Slides - CNBC:

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Bank of America Reverses Loss on Accounting Gain - US Business News - CNBC

Bank of America Reverses Loss on Accounting Gain - US Business News - CNBC:


Hilarious !!! Profit on "Accounting gains" !!

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Pastor denies remarks against Romney were ‘bigotry’ – CNN Political Ticker - CNN.com Blogs

Pastor denies remarks against Romney were ‘bigotry’ – CNN Political Ticker - CNN.com Blog

Another brilliant example of stupidity

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Jack Welch: How I'd Fix The Economy - CNBC

Jack Welch: How I'd Fix The Economy - CNBC:

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European Crisis: Precise Solutions in an Imprecise Reality | STRATFOR

European Crisis: Precise Solutions in an Imprecise Reality | STRATFOR:

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