By John Galt September 14, 2011 – 21:45 ET Today Ambrose Evans-Pritchard posted a series of commentaries on the Chinese interventionist plans along with more on the Euro nightmare. Check out these links to read them in full from the U.K. Telegraph: China states price for Italian rescue China wants to break the ultimate taboo and buy into Western companies such as Apple, Boeing and Intel Europe must take ‘decisive action’ now on banking crisis
By John Galt September 14, 2011 – 21:30 ET I only report the news, you can comment, barf, or whatever you feel like after reading these “interesting” tidbits from the media…. (Click on the link to read the full story) Report: Sarah Palin had fling with former Miami Heat star Glen Rice Amish men jailed for not displaying buggy safety signs Baby suckles directly from cow for milk Eel removed from man’s bladder after entering penis during beauty spa
By John Galt September 14, 2011 – 17:45 ET Where’s my Videodrome? Withdrawals are starting with the shakes. I need a cocktail. 9/14 18:30 ET: Apparently the internet is under some sort of MASSIVE attack and that is what is causing all sorts of service interruptions. Gee thanks President Barry, what did you do to piss of the ChiComs now?
By John Galt September 14, 2011 If you live on the West Coast of the United States, you might want to break out your radiological detection equipment and tune in tonight. This show will raise some eyebrows, especially when you start to realize the big lie told by the Japanese Government, TEPCO, and our government. Doc Toups, award winning journalist will join me tonight to discuss this subject and a few others during the first hour of the program. To call into the program dial:…
By John Galt September 14, 2011 – 11:00 ET Just a reminder: Click on the link in the upper right hand side of the page where the Economic Charts, Data, & Links box chocked full of charts is located to see all of the charts as the quietest month for bank failures is under way. The FDIC is deliberately trying to hide this problem as Cal’s graphic below illustrates:
By John Galt September 14, 2011 – 05:30 ET The Australian dollar continues its sharp downward move against the US Dollar as indications that a worldwide economic slowdown are beginning to impact the so-called commodity currencies and the risk off trade is the norm. While the Australian economy is relatively stable despite the edicts of a Socialist Enviro-Whacko loon Prime Minister, as the demand for raw materials declines, so will the economic conditions there where the housing bubble is looking very Floridian in many major…
By John Galt September 14, 2011 – 05:15 ET Per the story from the BBC: Credit Agricole was cut from Aa1 to Aa2 and Societe Generale from Aa2 to Aa3. A third bank, BNP Paribas, was kept on review for a possible downgrade. Needles to say it did not impact the price of baguettes so the Frenchy-French basically yawned at this news which was priced into the markets a long, long time ago. The CAC-40 is sleeping as much as the regulators at the switch…
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