Sugar Coated Stimulus?
May 31, 2009
We’ve been STIMULATED into a false-psuedo HIGH. I’m referring to the many different bailouts, money spending sprees, and corporate take overs. It’s time for General Motors to file bankruptcy and you and I get to own something like 70% of General Motors. You’ve always wanted to be in the stock market right? Well, I’m afraid you and I are IN IT and it may not be what we anticipated! <--more-->
The World Bank President Robert Zoellick warned policy makers that fiscal-stimulus plans are insufficient to turn around the real economy and rising joblessness threatens to set off political unrest across the globe.
“While the stimulus has given an impulse, it’s like a sugar high unless you eventually get the credit system working,” Zoellick said in an interview yesterday with Bloomberg Television’s “Political Capital with Al Hunt.” “When unemployment increases, that’s probably the most political combustible issue.” Someone is telling it like it is for a change!
Zoellick’s caution is a contrast with private economists, who are raising their outlooks for growth from India to China as stimulus measures take effect. The biggest developed and emerging nations have committed spending increases and tax cuts totaling 2 percent of their combined economies, a level the International Monetary Fund recommended to end the recession.
The World Bank is monitoring private companies’ abilities to roll over “a lot” of debt in the developing world, Zoellick said. At the same time, he played down risks to the global recovery posed by rising U.S. Treasury yields, saying that “in terms of absolute levels, rates are still pretty low for most players.” Zoellick also said that the dollar will remain the world’s main currency “for a long time,” and noted that investors flocked to the dollar as a haven during the worst parts of the financial crisis.
Zoellick, 55, took the helm of the World Bank in 2007, and served as U.S. deputy secretary of state and chief trade negotiator in the Bush administration, and in positions at the Treasury Department under President Ronald Reagan. At State, he played a central role in formulating policy toward China, before departing government for a stint at Goldman Sachs Group Inc. So, can we trust his warnings? 
No one knows what to expect because we’ve not been this way before. The greatest caution is to stay out of the rain because sugar usually disappears in such conditions. 
The Great Spirit
May 31, 2009
We are returning to a time, a season, and place on the wheel and cycle of life wherein we’ve been before, but who remembers? Messages, codes, and clues have been left for us by previous civilizations about what is to come. Some would even say that we’ve left ourselves messages from the past so that we won’t have to repeat past mistakes. Continue Reading »
China’s “Rock & Hard Place”
May 28, 2009
Chinese leaders speak with forked tongue, but then, don’t all government politicians? Isn’t that part of the official job description of a government employee or representative? In the case of China wanting to get rid of the US$ and go to a basket of currencies, the strategy isn’t so easy. In fact, while voicing concern over the value of the US$, China keeps buying more of the fiat currency. Why? Continue Reading »
Worthless U.N. Resolutions-Condemnations
May 27, 2009
North Korea we want you to know that the United Nations Security Council is not happy with your underground nuclear test. And? And, so there will be yet another worthless resolution, more sword-rattling, but in the end the end the United Nations is powerless providing only a cozy environment for some has been diplomats to feel important and live a more than gracious lifestyle. Continue Reading »
Sonia Sotomayor
May 26, 2009
Barack Obama has picked a winner in many ways. The selection and nomination of Sonia Sotomayor will get some opposition from the Republicans, but if they are smart they’ll hold their bickering and sniping and go with what is a good choice in so many ways though her nomination will further damage the Republican image going forward. Continue Reading »
A Golden Opportunity?
May 25, 2009
After sitting on the sidelines for a couple of months now, gold appears to me to have decided to not drop into the $800 zone. I was “conflicted” 90 days ago about whether or not gold would back off before resuming its upward drive. The stock market was in the 6,000 area, the recession was the talk of the town, and Obama was sweet talking our enemies. All the kind of stuff that’s not helpful to gold. That was 90 days ago, this is Memorial Day! Continue Reading »
Solar Cycle #24
May 24, 2009
Solar physicists wait for the appearance of a reversed-polarity sunspot to signal the start of the next solar cycle. The signal for the start of a new cycle is sighting a particular kind of sunspot. A magnetically reversed, high-latitude sunspot, dubbed as number 981, which emerged on the surface of the sun says we’re now IN cycle #24 which will PEAK in 2012. Continue Reading »
Memorial Day Memo
May 24, 2009
In an holiday interview with C-Span, Obama said, “Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we’ve made on health care so far. This is a consequence of the crisis that we’ve seen and in fact our failure to make some good decisions on health care over the last several decades.” So, does that mean we’re going ahead with national health care anyway? And what’s the message here anyway? Continue Reading »
America’s FICO Score
May 21, 2009
So, what kind of a rating does a nation have? Is 800 good and 500 the pits? A credit score for an individual is a numerical expression based on a statistical analysis of a person’s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit bureaus. So, who is the credit bureau for nations? Can you say CHINA? Continue Reading »
Our Electrical Achilles Heel
May 21, 2009
Today the FBI and the U.S. Marshall’s office got hacked and had to shut down for a few hours. But what if the FBI had to shut down for a couple of day? What would crime be like in America then? More importantly, what if our satellites we disabled and we could not SEE the rest of the world as we do now? And how could we defend ourselves with rockets that had no targets to go to because their GPS was inoperable? Continue Reading »
United Social Federation Of America (USFofA)
May 20, 2009
Who would have ever THUNK it? The Republicans warned that Barack Obama was the most LIBERAL candidate in history: a person who would take us in a far greater SOCIALISTIC direction. I didn’t believe it so. Yes, Barack wanted a health system for all, but who would have ever guessed that the President of the United States would be firing CEO’s and taking over corporate America as he has and IS? Not I! Continue Reading »
More US$ Troubles On The Way
May 19, 2009
Much of the American financial establishment is still pretending that all is well with the U.S. Dollar. After all, it’s been on a good run in the last twelve months going from $71.96 on May 23 to $82.54 today. What’s to worry about? How about the fact that the US$ is being trashed by Bush-Obama with TRILLIONS of newly printed dollars? How about the fact that the US$ is about to no longer be the currency of the realm? Continue Reading »
WolframAlpha & Mathematica Challenges Google
May 18, 2009
Move over Google, here comes a silver bullet! A revolutionary new search engine that computes answers rather than pointing to websites will be launched officially today amid heated talk that it could challenge the might of Google. Ah, say it ain’t so. We’ve come to love and rely upon Google. Is it really possible that there’s a mroe advanced search engine? Can I learn more faster? Can I handle it? Continue Reading »
A 2012 Carrington Catastrophe?
May 17, 2009
What? Don’t tell me there’s yet another 2012 doomsday scenario. No, but the reality is that we’re much more vulnerable today due to our modernization than we were in 1859! The most serious space weather event in history happened in 1859. The Carrington event, named after the British amateur astronomer Richard Carrington, was the first to note its cause: “two patches of intensely bright and white light” emanating from a large group of sunspots. The Carrington event comprised eight days of severe space weather. Continue Reading »
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