By John Galt November 4, 2009 Today the media celebrated more grandiose economic news. First, they proclaimed the great news that Government Motor’s sales increased 4.7% month over month. Since year over year numbers are not important now because they do not look so hot and you can not compare a “private” GM to a “Government owned” GM now, let’s ask the question: If you fall down a 100 foot deep well, climb up 4.7 feet to try to save yourself, does this mean you…
By John Galt November 4, 2009 Well, I think China is the one who might want a smoke now. You see, India, today, enjoyed the ultimate in the equivalent of geopolitical sex. How good is it to be India today? Let’s check out the headline from the Wall Street Journal tonight: India Buys 200 Tons of IMF’s Gold Allotment Move Seen as Effort to Diversify Reserves Away From the Dollar Whoops. That wasn’t supposed to happen. And how China could not have possibly seen this…
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