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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (106012)	1/2/2010 3:15:09 PM
From: mishedlo	3 Recommendations Read Replies (1) \| Respond to of 116555

Actually it is highly likely something major blows sky high but given all the possibilities I bet it does not start in the US. Mish

To: ecrire who wrote (106012)	1/2/2010 3:16:14 PM
From: mishedlo	2 Recommendations Read Replies (2) \| Respond to of 116555

Iceland's Parliament Coerced Into Offering Bribes, Hoping For Quick Entry Into EU globaleconomicanalysis.blogspot.com British and Netherlands savers lost $5 billion when Iceland's banks collapsed during the financial crisis. In a controversial vote, hoping for quick entry into the European Union, Iceland parliament approves Icesave repayment bill, a bailout of those foreign savers. Icelanders Protest Vote .... Mish

To: ecrire who wrote (106012)	1/4/2010 7:13:01 PM
From: SliderOnTheBlack	21 Recommendations Read Replies (3) \| Respond to of 116555

re: "We've heard all these voices of gloom and doom over and over again. Getting a bit boring." Message #106012 from ecrire at 1/2/2010 10:53:15 AM ********* Now I hate to piss on anyone's parade when things are going so good. Especially when they're only 3,696 DOW points and 35% away from getting back to even with October 2007. I mean it's not like the DOW closed out the last decade in December 1999 at 11,497, or anything. Gloom and Doom? 17.2% real (U6) unemployment, 1 in 8 Americans on food stamps, housing prices still falling, pension funds going broke, commercial real estate crumbling, and states and cities collapsing into the abyss left and right. Not to mention the banking system is still insolvent, both the FDIC and the PBGC are broke, and neither the derivatives problem, or "too big to fail" has been solved. Throw in a war on two fronts, another in the offing, and social unrest growing on four continents, and you have to wonder -- what were they thinking? You can add another gloom and doomer to that list, this one being one of the chief architects (and beneficiaries) of the bankster-gangster mess - Robert Rubin. Now I know this is down right blasphemous on this board <vbg>, but Rubin is actually worried about inflation, along with "severe distress in the bond and currency markets" over America's soaring debt, deficits, and spending. He also warns that a severe market dislocation could occur with "great force and unpredictable timing." newsweek.com But hey, why worry, what's $23.7 trillion among friends? It's not like Pimco is dumping U.S. Treasuries, India is buying gold, or China, Russia, and the G-20 are still calling for the end of the dollar or anything. And don't pay any attention to Martin Feldstein either, he's just flip-flopped so he can get some camera time and sell some more books... blogs.wsj.com I mean it's not like they just had to give Fannie & Freddie an $800 billion dollar, life sustaining, blood transfusion or anything? And just move along, because there's nothing to see here either... bloomberg.com Pay no attention to that little $4 trillion dollar slush fund Congress just handed Bennie & The Fed in HR 4173 for the next (when, not if) systemic meltdown. And regarding that little addendum where Congress would be limited to only a 10 hour (ceremonial) debate before the Fed can just start handing out the cash again... hey, it's not like this is a democracy any more or anything - get over it. Don't worry - be happy! SOTB PS: And about the Dow rally, at what cost? Is it real, or is it Memorex? "Is The Government Buying Stocks?"** zerohedge.com So simple, even a caveman can figure it out...