Friday, May 4, 2012

The story that caught my eye on my favorite news aggregator site (zero hedge) has nothing to do with partial truth announcements by some bureau or another.  Instead this story points out that the Norwegian sovereign wealth fund has purged all the PIIGS (Portugal Ireland, Italy, Greece, Spain) filth bonds it held, an action they dutifully announced more than a month ago.  The most stagnantly stupid part was that American Hedge Funds were buying them.  Amazing, with that sort of insanity ongoing, there is much bgger trouble in store for our banking system. 

By the way if anyone reading this has never seen zero hedge, they really should check that site every single day. 

Thursday, May 3, 2012


To my viewers I apologize for letting this endeavor lapse.  I will try and drop by regularly in the future. 

For today I give you a simple thought.  It seems many around the world worry about China.  Yet China's entire economy rests on exporting the poorly (or even dangerously) made "stuff" (insert unpleasant term of your own choice here).  Even the Chinese do not buy the "stuff" they make.  How would it be possible for a nation whose entire economic enterprise is based on exporting, to ever become a cause of concern for the countries that receive their exports? 

Just another thought.