Stacy Summary: The US and UK economies and consumers are still taking on loads of debt. In the UK, I believe quantitative easing, printing money, whatever you want to call it, is far more aggressive than in the US and in a much smaller economy with fewer canals through which all those pounds can escape. So I would be more skeptical of green shoots in the UK (where personal debt levels were much worse than in America) than those ‘green shoot’ claims coming out of the US. That’s my opinion . . . what’s your opinion??
- What deleveraging? (must read)
Photo by rb:
Max Keiser's Zig Zag
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@Stacy, my opinion?… living in Sweden (a bit from UK and far from US) I am still fucked. Preparing for devastation in half a year or so.. I am not one of those suckers with huge loand but still I will probably get fucked both sideways and upside down by “those upstairs”..
btw, keep up the good work!
On the otherhand, we may have a chance to see a supernova soon:
Red giant star Betelgeuse mysteriously shrinking
http://www.berkeley.edu/news/media/releases/2009/06/09_betelim.shtml
BERKELEY — The red supergiant star Betelgeuse, the bright reddish star in the constellation Orion, has steadily shrunk over the past 15 years, according to University of California, Berkeley, researchers.
Long-term monitoring by UC Berkeley’s Infrared Spatial Interferometer (ISI) on the top of Mt. Wilson in Southern California shows that Betelgeuse (bet’ el juz), which is so big that in our solar system it would reach to the orbit of Jupiter, has shrunk in diameter by more than 15 percent since 1993.
[...]
“But we do not know why the star is shrinking,” Wishnow said. “Considering all that we know about galaxies and the distant universe, there are still lots of things we don’t know about stars, including what happens as red giants near the ends of their lives.”
Betelgeuse was the first star ever to have its size measured, and even today is one of only a handful of stars that appears through the Hubble Space Telescope as a disk rather than a point of light. In1921, Francis G. Pease and Albert Michelson used optical interferometry to estimate its diameter was equivalent to the orbit of Mars. Last year, new measurements of the distance to Betelgeuse raised it from 430 light years to 640, which increased the star’s diameter from about 3.7 to about 5.5 AU.
“Since the 1921 measurement, its size has been re-measured by many different interferometer systems over a range of wavelengths where the diameter measured varies by about 30 percent,” Wishnow said. “At a given wavelength, however, the star has not varied in size much beyond the measurement uncertainties.”
The measurements cannot be compared anyway, because the star’s size depends on the wavelength of light used to measure it, Townes said. This is because the tenuous gas in the outer regions of the star emits light as well as absorbs it, which makes it difficult to determine the edge of the star.
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Other Intellectual Property News
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Kianna Dior aka Kianna Orling is from Vancouver, BC — she is the more adult version of Kristen Kruek — and married.
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Performer Kianna Dior Wins Domain Name Dispute
http://www.xbiznewswire.com/view.php?id=109079
SYDNEY, Australia — The World Intellectual Property Organization’s Arbitration and Mediation Center has ruled that the domain name KiannaDior.com, owned by adult performer Kianna Dior, is not confusingly similar to trademarks owned by French fashion design house Christian Dior Couture.
Christian Dior Couture had been previously successful in disputes involving the domains AnnaDior.com and ChloeDior.com.
I can smell the next leg down coming on, we had our chance and all we got was govt propaganda, a couple of tea parties and G20 protests where most ppl didnt even know what they were protesting and enormous handouts to oligarchs.
Morning Stacy
WHEN IS THIS BASTARD £ going to fall????
God, i so hate the British, i so want it to Crash & Burn………….Yet it refuses……….will someone, something drive a stake though its heart!!!!!!
Mike
@Bill Stewart … ” Betelgeuse ”
How far is Betelgeuse?
http://web.austin.utexas.edu/edcannon/betelgeuse.html
So we might actually “feel” something in 300 – 1400 years, although the average estimate is 427 yrs.
BTW … a new Element has been discovered : GOVERNMENTIUM
http://www.youtube.com/watch?v=ydcPjktMgHw
The US has the reserve currency, and there are still a considerable number of people with a ‘sucker’s frame of reference’ to buy into that. The UK just has fish and chips…
The war angle on the 134,5 billion bonds is disconcerting. If Japan knows more and is allied with China the asian block is consolidating. By the way, Switserland is not safer than any other place these days..
@ME the war angle as far as I would think would be if N Korea went silly on Japan.
I am loving this site. There are so many varied and interesting viewpoints on so many topics right around the planet.
Its so cool. Thanks Stacey (and the other weird dude) Ha!
Trying to take a positive spin on all this.
I do think that this moment in history may be quite a good opportunity for folks in general to explore more interesting aspects of themselves and their lives.
Look at it as a wonderful opportunity for self discovery as well as important human attributes such as personal relations, communication with other ‘pissed off’ people. Look at all the friends we have met here! Finally, we are questioning everything. It took a GFC to get us to do it, so thats a good thing. I work in the media and everyone here says I’m cynical – Ha!
It may be the best thing that ever happened to the human race.
What is money anyway? You have more than me – Woohoo!
This is a great opportunity to get real and realise the value of money and stop the obsession with it.
Sorry to be such a nerd. I think that video of the guy beating up his computer must have affected me pofoundly. Hahahaha!
Sorry, off this topic, but on a previous one.
About the Zero Coke ban in Venezuela.
The replacement for sugar in those sugar free drinks sometimes contains aspartame. This is known to damage the central nervous system especially in people susceptible to such damage.
http://www.sweetpoison.com/aspartame-information.html
We used to have a couple of clowns here in Aus.
Their names….
Zig and Zag
Zig Zag are much nicer papers than Rizla but rare in the UK.
on your Zig Zag strategy Max it’s sound a bit yin and yang. Taoism/Zen i think would be right up your street with it’s Koans, humour, quantum theory description of reality and lack of dogma.
Also Zig and Zag: 90′s anarchic breakfast muppets
http://www.youtube.com/results?search_type=search_playlists&search_query=zig+and+zag&uni=1
Well according to the news here in the UK we are no longer in a recession. Isn’t that great? I might just celebrate tonight coz I was getting a bit worried and now I don’t need to. Life is just brilliant and the future is bright.
Its time to expose the financial oligargy for what it is : a religious cult.
@sharon – yes, I saw that news. I wouldn’t believe it. Not while the rest of the world is reporting double digit declines in output and exports. The only thing the UK is increasing manufacturing of is pounds sterling. How many hundreds of billions have been printed since March in quantitative easing?
@Mike2liverpool – - aren’t you British? Ha ha. How can you hate yourself!?
@Stacey
Some famous quotes you might like to use for your website …
… when the right occaison demands !
http://www1.investorvillage.com/iv2/smbd.asp?mb=144&mn=25340&pt=msg&mid=7412516
@sharon – of course, there is oil which has doubled from its low: http://bit.ly/zpWuN
@ Stacy, yes there is oil, and huge debt, and a crap government led by the prince of darkness, and a reliance on a financial market that is collapsing, and no manufacturing base, and too many people on benefits, and the price of food already double (even treble in some cases) what it was just months ago, and children leaving school with no jobs to go to (what will in fact be a lost generation), and an expensive war in Afghanistan, and, and, and………….
But hey, at least we’re no longer in recession!
@MyGoldPrediction (Mother Earth)
Just a small idea… as your camera is obviously kaputt !
You (probably) know there is screen capture software such as snagit which allow you to capture your screen as a video, so that you can edit it afterwards and add speech etc.
Just an idea , otherwise Thx for the website .
BTW .. you were lucky to get that name “mygoldprediction.com” …. normally they are all bought up and parked for big dollars !
Irish news just a couple minutes ago– “Ireland is coming out the recession. We should preform better in the recovery than other countries because we have had an increased level of deflation”
WHAT A LOAD OF SHITE!!!!!
…and people believe this stuff. State propaganda. Unbelievable
@Danny . . . some ‘green shoots’ quotes from 1930 & 1931. Sound familiar?
fric and frac go zig and zag,,,
About that supernova…Did you hear? Pretty soon some space activity will be classified…”A recent U.S. military policy decision now explicitly states that observations by hush-hush government spacecraft of incoming bolides and fireballs are classified secret and are not to be released, SPACE.com has learned.”
http://www.floridatoday.com/article/20090610/BREAKINGNEWS/90610048/1007/rss06
Max & Stacy,
I am now rolling a joint in your honor.
Peace.
@Stacy
You wrote that quantitative easing has been more aggressive in the UK than in the US but according to this article ‘only’ £150bn has been created by the Bank of England,
http://www.guardian.co.uk/business/2009/mar/06/bank-of-england-printing-money1
while $1.2 trillion has been created by the Fed.
These amounts are I think about the same after taking into consideration that the US economy is about five times larger.
However, this article states that the money supply has been growing at a much faster rate in the UK than in the US, so you may be correct. The article does not state the source of the data, however.
@Stacy sorry, here are the links
http://www.spectator.co.uk/business/coffeehouse/3592736/the-alarming-trends-surrounding-quantitative-easing.thtml
http://news.bbc.co.uk/1/hi/business/7951493.stm
It seems that all the money created by QE in the UK is being used to purchase gilts. I think this is different from the US.
well some were predicting (and word out of the bilderberg group seems to back up) that the powers that be would let the economy have a fake recovery to sucker in a few last investors/suckers (people may go out and spend if they think we are in recovery) and then let the reality hit home with another crash to the deck and those people to lose there hard earned.
Going buy this dead cat bouce it looks like phase one is nearing its end.
Hope it dosent happen but i just cant see how we are in a recovery with jobs still falling and global outlook looking worse than it was stated by the world banl IMF etc.