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World Stock Market Trading Discussion - Effete ennui


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All Ords noodled along sideways, closing -0.2%. Healthcare +1.6% was the only green sector with Utilities -1% at the other end. Most sectors had minor losses.

 

Nothing too exciting happening in Asia: China -0.7%, Honkers +0.2%, India +0.1% and Nikkers -0.7%.

 

 

On to UK/Europe:

 

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Earlier in the year when thjis POS was at $7ish i pointed out that this thing is merely "an operation" where equity is issued to pay a fat divy to Lutnick and his boyz

 

So far so good

 

 

 

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Scumbag greaseball pump monkey -- and frequent guest on Creamer

 

 

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Mo Mawnin Must Reads

 

Economic and and financial news and analysis

 

Lies, Damn Lies and the Disappearing Middle Class

By Newswires

September 11, 2012

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Lies, Damn Lies and the Disappearing Middle Class (via Market Shadows) Read the latest MarketShadows Newsletter: Lies, Damn Lies and the Disappearing Middle Class (9/10) Excerpt: Is our nation being torn apart by inequality, a lack of opportunity and a disappearing middle class? The short answer is that inequality has become more pronounced, opportunity is...

Read More »

 

D.C. Finalizing Plan for Assault on Metro NYC – Bruce Krasting

By Bruce Krasting

September 11, 2012

bloombergamt-300x204.png

. Bloomberg has a story today that has special meaning for me (Link): Background - The USA has a tax that very few pay. It is called the AMT (Alternative Minimum Tax). - AMT became law in 1969 when it was (shockingly) reveal...

Read More »

 

The French Government Gets Whacked, Even The Left Is Angry, And Hollande Gets Slapped In The Face

By Wolf Richter

September 11, 2012

 

France is mired in a stagnating economy. The private sector is under pressure, auto manufacturing in a depression. Unemployment hit a 13-year high. Over 3 million people are out of work. Youth unemployment of 22.7% belies the catastrophic jobs situatio...

Read More »

 

The Problem with Bankers’ Pay – James Kwak – The Baseline Scenario

By James Kwak

September 11, 2012

b.gif?host=baselinescenario.com&blog=4979860&%23038;post=10330&%23038;subd=baselinescenario&%23038;ref=&%23038;feed=1

By James Kwak From today’s WSJ: “At J.P. Morgan, the biggest U.S. bank by assets, directors are considering lower 2012 bonuses for Chief Executive James Dimon and other top executives in the wake of a multibillion-dollar tradingdisaster, said people close to … Continue reading →b.gif?host=baselinescenario.com&blog=4979860&post=10330&subd=baselinescenario&ref=&feed=1

Read More »

 

The Federal Reserve’s Cargo Cult Magic: Housing Will Lift the Economy (Again) – Charles Hugh Smith

By Charles Hugh Smith

September 11, 2012

incomes-real-growth2-12.gif

 

di

diThe Federal Reserve is ultimately a Cargo Cult, founded on fantasy and a boundless faith that management perception will bring back the cargo ships of debt-based "growth."

 

 

 

I have often identified Keynesian economists and the Federal Reserve as cargo cults. After the U.S. won World War...

Read More »

 

 

Gold Bugs Love It, But a New Gold Standard is Just a Dream –For Now

By Martin Hutchinson

September 11, 2012

MartinHutchinson.jpg

Thanks largely to Ron Paul, the Republicans have suddenly become enamored of gold.

 

And why not?...It is real money.

 

These newly-born gold bugs have even gone so far as to include a call for a commission to examine a return to the gold standard in the party...

Read More »

 

China’s New Stimulus Will Unleash Inflation

By Chriss W. Street

September 11, 2012

10714361-red-and-gold-chinese-dragon-symbol-of-year-2012-in-the-calendar-150x150.jpg

We have been warning that China’s current economic slowdown signals that the country China has entered the “Middle Income Trap” that will mark the end of the nation’s 30 years of 10% compounded annual growth. With inflation having already driven Chinese wages up to uncompetitive levels, manufacturing and construction activities are plummeting. Desperate to try...

Read More »

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Anyone seen photos of the ridiculous red costumes with matching mini-pope caps said-German judges wear?

 

:huh:

 

You know why judges the world over wear stupid robes and smelly white wigs and asinine hats?

 

:huh:

 

Wait for it....

 

:huh:

 

Because stupid robes and smelly white wigs and asinine hats confer authority.

 

:rolleyes:

 

Sheeple....

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