H33,
Robry's reporting on the Investor Village CWEI board:
www1.investorvillage.com
He seems to have erred on the bullish side this week. GSX remains stable though still unconscious and in intensive care. Won't walk again for awhile. Still a mystery how it got run over in that crosswalk, and nobody got the license plate. CNR's new ops rpt has brought the shares out of the doghouse and so far holding their gain. If we'd bought last month when it was expiring at .63, we'd have a near double now. The Manavi well looked very promising to me two years ago, but has been more outrageously cursed than all the mummies in Egypt. I agree w/ your nice timing: GPXM is coming back into the limelight.
The cabal had the sledgehammer out in the gold pits today. Slam, bam, thank you, maam. Must mean that the economy and dollar have suddenly recovered their vitality. Paulson's taking dancing lessons. Iraq is reopening next week as a country club.
Economic propaganda watch: << TALKIN' BOUT GROWTH. This is a great catch over at Dean Baker's blog. Baker noticed The New York Times writing about Europe's 1 percent growth rate -- a pathetic, anemic figure, that supports all the conservative crowing about the failure of the social democratic system. Except that the NYT, for God knows what reason, reported Europe's growth only in quarterly terms, and never contextualized it into a yearly rate (the standard measure for growth). By contrast, even when relaying quarterly numbers, America's growth is always extrapolated into yearly terms (see here for an example). So non-economists -- which is to say, mostly everyone -- reading the NYT article would think Europe was pleased over a miserable one percent rate of growth when, in fact, the relevant number for comparison's sake would be 4 percent, nearly a full percent higher than America's average annual growth of 3.2 percent between 2002 and 2005.
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Something else that always bothers me is that these figures for GDP growth never control for population growth. Europe's population growth is nil, while the U.S.'s is fairly strong, so the U.S. economy MUST post higher growth simply to maintain a standard of living while any economic growth in Europe is an improvement in standard of living.>> |
