Stacy Summary: With special guests, Dmitry Orlov and Dr. Housing Bubble!
To watch the whole episode on Blip, click here
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Stacy Summary: With special guests, Dmitry Orlov and Dr. Housing Bubble!
To watch the whole episode on Blip, click here
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Stacy Summary: In the headlines you can see the rapid response of reduced competition. The too big to bail are really raking it in after their oligarch loving politicians let their competitors fail. You also see that the second wave of wealth destruction as with the first Great Depression will be the more devastating one. What else are you reading?
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Stacy Summary: The Truth About Markets, New Zealand.
More listening and download options here at Archive dot org
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Stacy Summary: I love this latest blog from Max for Huffington Post. So make sure you go there and comment / debate. (Here too
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Stacy Summary: Okay, which argument do you believe in the high frequency trading debate? Front running all the little chumps and ponzis that dear take them on? Or a Geldofian worthy cause to help all in the market?
Hat tip headlines:
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Stacy Summary: Repeat after me, “do not enter the ‘markets,’ they are rigged.” Now say it ten times because even if you beat the riggers, you will pay! As we have seen with the trillions in bailouts. But chances are you will not beat the riggers because they have powerful computers and powerful friends.
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Stacy Summary: Of course it is no surprise that India, which, by the way, is not a signatory to the Non-Proliferation Treaty, but protected by the US has now escalated tensions with Pakistan by launching a nuclear armed submarine. No doubt, the tensions caused was the outcome that was desired. There must be facts on the ground to warrant all those lucrative contracts for $1 billion embassies and military bases to ‘protect’ the region from the instability we sow. I also like that similarly the second story (h/t to several!) is a consequence of pro-oligarchy legislation that tried to lock the peasants forced to live in the free-market in perpetual debt but which has come back to create instability. The NYTimes asks whether the battle between debtors and creditors will escalate into a Shay’s Rebellion like conflict.
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Stacy Summary: Thanks for the great headlines.
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Posted in Headlines
Tagged chinese steelworkers, credit card defaults, gilts, kevin rudd