Friends, It has been a while since I posted anything political or economic on this blog. Just trying to catchup with the news on the economic front – after a 2 month hiatus. Not surprisingly, Farage comments caught my fancy: Watch this video on YouTube Watch this video on YouTube
Brian Williams makes all those appearances on comedy shows, makes people laugh and still maintains his dignity. Clever way to gain young viewers for his newscast.
Question: How do you solve alcohol addiction? Answer: Give the addict heroine! Don’t laugh – this is the solution of the US Federal Reserve Board for more than two decades. Bill Fleckenstein is a savvy investor, fund manager and an analyst. A decade ago, I had the pleasure of interacting with him on Silicon Investor […]
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If you are watching the economic developments around the world through the tainted glasses provided by CNBS, you would think that everything in the world is just fine. Economic utopia is around the corner, yada yada yada. What else do you expect from a TV network that panders to the financial shills, a la, mutual […]
The problems in Greece have exposed structural problems associated with Euro as a currency. Several parallels are drawn between Greece and Bear Sterns: Greece problems are to sovereign debt as Bear Sterns problems are to mortgage debt. I am watching this unfolding crisis with disgust over two things: a) Wall Street corruption that has a […]
As I have alerted earlier on this blog that the epicenter of a new financial storm is currently centered in PIIGS countries – specifically, Greece. The problem is simple – Greece borrowed heavily for Olympics related spending and other growth. About 30 Bil Euros of that debt is due or needs to be rolled over […]
In the next few weeks we will be hearing a lot about sovereign debt crisis for Greece. Debt crisis is derivatives crisis. Derivatives are Greek – a lot of Greek! I found this simple chart at Zero-Hedge and it explains the ramifications in a decision tree, and in simple English.
