12/05/2012

Iranian MP Warns: Baghdad Nuclear Talks will fail if Iran is asked to stop Uranium Enrichment

by John Galt May 12, 2012 23:30 ET   As if the crisis involving Iran and the world needs any more gasoline to fan the flames higher, MP Heshmatollah Falahatpisheh of the Majlis Foreign Policy Subcommittee of Iran’s Parliament warned that the upcoming negotiations in Baghdad will fail if the West demands the Iranians cease any uranium enrichment activities. The problem with this stance is that if they pursue this course of action it is an almost 100% guaranteed mortal lock that the next sound the world will hear are F-15’s…


China Confirms the World Economic slow down with RRR Cut Today

by John Galt May 12, 2012 08:00 ET   Much to the chagrin of the PPP (Perpetual Polly Pumpers) of CNBC, China has all but verified that the entire world economy has hit just a wee bit more than a speed bump as it made the following announcement this morning (via Bloomberg):   The People’s Bank of China said it is cutting the reserve ratio requirement for banks by 50 basis points starting from May 18, according to a statement on its website today.   Anything to pump the markets up…


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