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

To: ajtj99 who wrote (109014)	2/25/2010 10:03:01 PM
From: mishedlo	2 Recommendations Read Replies (1) \| Respond to of 116555

California Delays Payments, Ponders IOUs Again, Demands 80% of Income Tax Paid Before It's Even Earned globaleconomicanalysis.blogspot.com Tactics in California to shore up its municipal bond rating are quite humorous. Supposedly, by delaying payments to schools, California can boost confidence in its bonds. Please consider this sure-fire confidence booster: California Passes Bill to Guard Cash as Bond Delayed. .... Mish

To: ajtj99 who wrote (109014)	2/26/2010 11:01:35 AM
From: Steve Lokness	11 Recommendations Read Replies (1) \| Respond to of 116555

ajtj99; Greece, GS and unions Interesting segment last night on PBS News Hour on the problems in Greece. It basically said that Greece needed to get control of their spending (and mentioned unions) back when Greece wanted in EU. However instead of Greece doing what they needed to to qualify for inclusion into this union [of countries] they got together with GS and cooked the books. The argument was that GS knowing that Greece was cooking the books - after all GS did it - then went out using currency derivatives to bet against the Greek currency. ......Sound familiar? It should because it is just what GS did with home mortgages. Like the plays using AIG that were unregulated, this crap that might very well bring down Greece was also largely unregulated - AND no one can see what they are doing. But they are doing ........"God's work". Nobody wins in this Gods Work except GS - everyone else is a loser. These narcissistic managers need to be flush from our economy so we can get back to making stuff.