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QUOTE (cwd @ Oct 16 2009, 04:15 PM)

Want to see why Dylan Radigan got fired at CNBS?

 

Goldman Sachs Is Robbing Us Blind

Dylan Ratigan|Oct. 15, 2009, 5:22 PM

 

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Sounds like somebody should invite him over here for a playdate.

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Yeah, he would make a good Stoolie. For all we know, he already is one. Maybe

he's the person with the handle "Anonymous User."

 

He got fired, huh? Just goes to show you, no good deed goes unpunished.

 

Don't know if everyone saw his wonderful interview below with the head of the U.S.

Chamber Of Commerce that I posted earlier this week. I've been gone today until now.

Good to see a day when Bears made some coin.

 

http://www.huffingtonpost.com/2009/10/14/d...r_n_320397.html

 

This interview made me finally understand what people on TV mean when they talk about a "free market." Apparently they mean a system where people compete to deliver goods and services most efficiently. The one who does the best job ends up making the most money. It has nothing to do with competition between businesses though. It has to do with Congress people competing with one another to do the best job of "delivering the goods" to the bobbyists and the corporations-- delivering government contracts and a wide array of other favors to the corporations or other Special Interests represented by the lobbyists. This includes the service of allowing the corporate lobbyists to write our laws. Whichever Congress person does the most efficient job in serving the corporations and their lobbyists, and ignoring the will of the American people as a whole, is rewarded with the most campaign contributions.

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QUOTE (cwd @ Oct 16 2009, 04:15 PM)

Want to see why Dylan Radigan got fired at CNBS?

 

Goldman Sachs Is Robbing Us Blind

Dylan Ratigan|Oct. 15, 2009, 5:22 PM

 

---------

 

-------

Yeah, he would make a good Stoolie. For all we know, he already is one. Maybe

he's the person with the handle "Anonymous User."

 

He got fired, huh? Just goes to show you, no good deed goes unpunished.

 

Don't know if everyone saw his wonderful interview below with the head of the U.S.

Chamber Of Commerce that I posted earlier this week. I've been gone today until now.

Good to see a day when Bears made some coin.

 

http://www.huffingtonpost.com/2009/10/14/d...r_n_320397.html

 

This interview made me finally understand what people on TV mean when they talk about a "free market." Apparently they mean a system where people compete to deliver goods and services most efficiently. The one who does the best job ends up making the most money. It has nothing to do with competition between businesses though. It has to do with Congress people competing with one another to do the best job of "delivering the goods" to the bobbyists and the corporations-- delivering government contracts and a wide array of other favors to the corporations or other Special Interests represented by the lobbyists. This includes the service of allowing the corporate lobbyists to write our laws. Whichever Congress person does the most efficient job in serving the corporations and their lobbyists, and ignoring the will of the American people as a whole, is rewarded with the most campaign contributions.

we, the maSSes, oughta roust up our own lobby right quick

just poke them CONgress critters a bit

all in good fun

don't wanna hurt nobody

no need to tar and feather and rumpride 'em outta town on red hot steel shafts

post-2457-1255736772.jpg

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Naughty, naughty, naughty

 

IBM, Intel execs arrested over alleged insider trading

Executives from IBM and Intel have been arrested amid allegations they were involved in an insider trading scam.

 

According to a report from the Associated Press, six people were arrested today as part of an insider trading case, including Bob Moffat, senior vice president and general manager of IBM's Systems and Technology Group; Rajiv Goel, director of strategic investments at Intel Capital; Anil Kumar, a director at management consultancy McKinsey & Co; and Raj Rajaratnam, the founder of the $7bn Galleon Group hedge fund.

 

The AP reports that these executives (as well as two others who were not named) had passed insider information concerning Google, Polycom, and Hilton Hotels to Rajaratnam, who then executed trades that helped Galleon Technology Funds to get more than $20m in profits between January and July 2007. A report from Reuters says that trades took place at Intel Capital as well and that insider information was used in the trading of stocks for IBM, Sun Microsystems, and Advanced Micro Devices.

 

post-2079-1255741792.jpg

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we, the maSSes, oughta roust up our own lobby right quick

just poke them CONgress critters a bit

all in good fun

don't wanna hurt nobody

no need to tar and feather and rumpride 'em outta town on red hot steel shafts

 

I hear your anger, Shorty. In fact, I feel angry too. However, as Pogo says, "We have met the enemy and he is us." We voters created or allowed a system where the only kind of person who can afford to run for Congress is the kind who has sold their soul to Special Interest groups. Get rid of the ones we have, and the system will put more in their places. We all need to search our communities for trustworthy folks who are willing to run for Congress, on the platform that they will accept NO Special Interest Group campaign money and will work for campaign finance reform, such that the taxpayers will pay for political campaigns. Then the voters, if we are eternally vigilant enough, can begin to choose our laws. The chosen candidates should also be willing to work to enact laws that are in the best interests of the American people as a whole, rather than to grease the palms of their friends.

 

Hmm... seeing Quanta's post, if the INTC and IBM execs end up being guilty as charged, we can add them to the growing list of powerful stock market participatants who have a huge short position in Ethics. There are tons of these people around lately.

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jickiss is back!

 

 

 

jickiss is back!

 

 

and

 

 

well, da Sheeple will figger it out, but, let's face the facts (coming facts) by now, da Boyz have bot all the cheep major gold miners shares, such as GG, back at the enforced bottom, after the Lehman abuse disaster.

 

when a former believer, that used to make $120,000 or more has been out of work for 15 months, it is not going to be easy for this same to call his borker and order 3,000 shares of GG at $79.25.

 

See what will happen?

 

anyway, look at the GG chart, and Thimk!

 

 

click here (ball of confusion, "the Band played on")

 

http://www.youtube.com/watch?v=5Qh-8ZMoLeY...PL&index=39

 

jickiss!!!!!!!

post-1911-1255750394.png

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I asked this a few weeks ago in a week night MTM, but no response, so I ask again -

 

The USD rallied last year, theoretically in part due to counter parties of derivative contracts scrambling to find USD's to settle their obligations on said contracts. As Central Banks have absorbed these contracts on their balance sheets, has it theoretically, removed the need for said counter parties to find USD, thus eliminating a major piece of fundamental support for the USD?

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post-6859-1255811630.jpg

 

 

Nice picture of Merisa Rhee and the cast from "Lost Money".....looks about right

 

Let's see, who do we have...

 

...on the left.....Timmy See-More-Butts, Groucho, Broccoli a/k/a Glide Path, Zeke

 

...and on the right, Pony Tail #1, Steve "Greaseball" Grasso, and last but not least Joe "Eddie Munster" Terranova

________________

 

Incidentally, during last night's episode "Greaseball" was reco'ing H&R Block....then Merisa says, "So that's a buy on H&R Brock" and realized she mispronounced it...

 

I almost lost my sh*t I was laughing so hard

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World trade, some improvement. Although given the bailouts, stimulus and low rates you would have expected some improvement ?

 

some mindless statistics for the weekend

 

EU exports fell 20% in August YoY

 

USA Year-on-year, overall exports rose to minus 20.7 percent from minus 22.2 percent in July while imports improved to down 28.6 percent from minus 30.3 percent the prior month. (Released on 9th October)

 

SHANGHAI (AP) - The slump in China's exports eased in September in a sign global trade is improving and bolstering the government's efforts to sustain an economic recovery.

 

Exports from the world's third-largest economy in September fell 15.2 percent year-on-year to $115.9 billion, the slowest decline in nine months, the customs agency said Wednesday. Imports declined by 3.5 percent to $103 billion -- the smallest drop since imports started to slide in November last year.

 

Both drops were improvements over August, when exports contracted 23 percent and imports fell 17 percent.

http://finance.yahoo.com/news/Chinas-trade...451924.html?x=0

 

September 24 – (Bloomberg) (Kartik Goyal): “India’s merchandise exports dropped 19.7% in August from a year earlier… That compares with an average 30% slide in the six months through July."

 

September 24 - (Bloomberg) - Japan’s exports fell for an 11th month in August as the economic recovery struggled to gain traction

 

Shipments abroad dropped 36 percent from a year earlier compared with a 36.5 percent decline in July, the Finance Ministry said today in Tokyo. From a month earlier, exports fell 0.7 percent, the second straight decrease.

http://www.bloomberg.com/apps/news?pid=206...id=aSAWj8tsMEQg

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US CPI is still above 5% by this measure

 

The CPI on the Alternate Data Series tab here, reflects the CPI as if it were calculated using the methodologies in place in 1980.

http://www.shadowstats.com/alternate_data

 

US CPI is still around 2% by this measure

 

The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990.

http://www.shadowstats.com

 

Officially US CPI is negative YoY

 

The CPI index has decreased 1.3 percent over the last 12 months on a not seasonally adjusted basis.

http://www.bls.gov/news.release/cpi.nr0.htm

 

Around the world

 

Consumer prices in the EU rose 0.3% YoY

Canada’s consumer prices fell 0.9% YoY

Poland, Consumer Price Index, September: 3.40%

Hungary, Consumer Price Index, September: 4.9%

Brazil, Consumer Price Index, September: 4.3%

Mexico, Consumer Price Index, September: 4.9%

Japan's consumer price index fell 2.4%, the fastest pace on record

UK CPI dropped to an annual rate of 1.1% in September from 1.6% in August.

India's wholesale prices rose for the fifth straight week after declining for three months, and consumer-price inflation is already running above 10 percent. India CPI

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Treasury

 

The U.S. government ran a deficit of $1.4 trillion in fiscal 2009, the Treasury and the White House said Friday, smaller than predicted in August but more than triple the $455 billion shortfall recorded in 2008.

 

Treasury International Capital

 

Total net flows, which include short-term securities predominately Treasury bills, were up $10.2 billion vs. an outflow of $107.7 billion in July.

 

Chinese holdings of long-term and short-term Treasuries are flat, at $797.1 billion vs. July's $800.5 billion.

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