Archive for January, 2008
japan
I knew it was bad, but I did not realize just how bad Japan’s economy has been for last 18 years.
This, from an article on Bloomberg.com:
“Average wages slid 0.7 percent to 330,212 yen ($3,090) in 2007, the biggest drop in three years. Salaries are about 11 percent lower than they were a decade ago.”
Sobering.
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spoiled children
This, from a blog comment on today’s market action:
“The market behaved [after the Fed cut the funds rate by .50%] like a spoiled child who asked for an expensive toy, got it and quit playing with it a half hour later.”
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”BREAKING NEWS- the good folks at GM see no recession in the U.S. Who could argue with their business vision?”
- From the Shark Report Blog
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satellite
Maybe we could ask the Chinese to do some target practice with our jacked-up satellite…
Link
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conspiracy
I’m normally not one for conspiracies. The fact of the matter is that most conspiracy theories require that the would-be conspirators posess far more intellectual capabilities and organizational skills than they do. Criminals are dumb.
But two news stories this week are really causing me to scratch my head, particularly in the current market conditions:
The South [...]
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gold
I reluctantly purchased a small amount of Streettracks GLD last year. Hey, everyone else was doing it, right?
Personally, gold strikes me as one of the most worthless of natural resources, but others don’t seem to agree.
Anyway, I saw on Marketwatch that Streettracks GLD, were it a nation-state, is now the 7th largest holder [...]
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oil
I don’t really have the first clue what will happen to the price of oil over the next few years.
But if the demand from the emerging markets slackens, I would imagine that it will fall precipitously.
So if we assume that oil goes to $45/bbl (we can assume that goes to $180/bbl in the next post, [...]
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childishness
In Sunday’s NY Times, there was an interesting opinion piece by Lauren Fox that mentioned political yard signs:
“The only [yard sign] I’ve seen recently begs, “Impeach Bush and Cheney,” which seems to me a slightly deranged sentiment, reminiscent of the way my 5-year-old daughter will demand something unreasonable and then, knowing there’s no chance she’ll [...]
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sovereign wealth funds
The cover story of The Economist is on sovereign wealth funds.
Every time I think of these wealth funds, I can’t help but feel sorry for the citizens of these countries. The fact that these governments see nothing better to do with their people’s money than invest in the likes of Citigroup speaks volumes.
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bloomberg
I hope he runs. He is exactly what this country needs.
Link: http://news.yahoo.com/s/ap/bloomberg2008
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