Daily Archives: July 14, 2009

Our $17 Trillion Chinese Split Won’t Be Pretty

Returning from China last month, U.S. Congressman Mark Kirk had a bearish take on a high-level visit by American officials. Treasury Secretary Timothy Geithner claimed the U.S.’s biggest creditor voiced great confidence in its debt. Kirk, an Illinois Republican, came … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, China and the Treasuries - A Dependency Relationship, Coming Social Unrest, Death of the Dollar, Deflation-Inflation-Stagflation, It Is Nice To Be Part of the Elite!, Let's Call What It Is - DEPRESSION, Market Strategies, Obama's Hypocrisy, Our phony middle class, TARP fruit loops, US Trade Imbalance, Watch The China Market, We Have Become Beggars To The World | Leave a comment

Here’s the clincher: Year-to-date, Dow Jones stocks are off 7 percent, while China stocks are up 71 percent

Washington’s enormous expansion of the government’s spending share of GDP to over 40 percent — including Bailout Nation, TARP, and government takeovers in numerous industries — is eerily reminiscent of Old Europe’s old policies. In a twist of irony, Europe … Continue reading

Posted in A Growing List Of One Term Presidents, A Picture Is Worth A Thousand Words, A Shareholder-Not Just a "Stakeholder", A State of Distress, AIG and all that..... | Leave a comment

“Let’s not remember California as a bloated, rotting freakshow corpse hanging above a filthy public pension toilet”

Under the management of the flamboyant Austrian body builder / therapist, California began a rapid descent that ultimately ended in death. Some faulted Schwarzenegger’s unconventional therapeutic methods and prescription spending pills, including state pension steroids that some say were powerful … Continue reading

Posted in Even the Terminator Can't Help California | Leave a comment

Look, let’s not beat around the bush: Wall Street economists, as a group, well, they suck.

Most of them did not see the crisis coming; many were deep in denial about the recession long after it started. They missed the housing boom and bust, the credit crisis. They continued to see phantom bottoms and false recoveries … Continue reading

Posted in Dismal Science-Ignorant Scientists?, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, Unindicted Co-Conspiritors | Leave a comment

That thing called China

In a recent Wall Street Journal/NBC poll, 49% of Americans said they were concerned a great deal about federal deficits and government involvement in the economy. America’s gross government debt is expected to climb from 62% of national income to … Continue reading

Posted in China and the Treasuries - A Dependency Relationship, US Trade Imbalance, Watch The China Market, We Have Become Beggars To The World | Leave a comment

Global Banking Economist Warned of Coming Crisis

William White predicted the approaching financial crisis years before 2007′s subprime meltdown. But central bankers preferred to listen to his great rival Alan Greenspan instead, with devastating consequences for the global economy. William White had a pretty clear idea of … Continue reading

Posted in Economic Prophet | Leave a comment