By John Galt September 15, 2011 – 18:30 ET You may now put your seat in the panic position and order doubles from your flight attendant. From the U.K. Telegraph, a quick excerpt from this evening’s entry by Ambrose Evans-Pritchard; please click on the headline to read the commentary in full. China to ‘liquidate’ US Treasuries, not dollars The debt markets have been warned. A key rate setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to run…
By John Galt September 15, 2011 – 18:00 ET The United States has elected to neglect, ignore, and bypass the fruits of the ignorant, rookie laden Hillary Clinton State Department by turning the other cheek as a new arm of Al Qaeda found the freedom to expand into the most dangerous region in the world. The emergence of a jihad movement in the Egyptian Sinai region illustrated their recklessness with the attack last month on the Israeli border but the danger expands far beyond that…
By John Galt September 15, 2011 – 17:20 ET So let’s get this straight; if you listen to the headlines today, the Great Depression started last week. BUT, if you look at the non-seasonally adjusted numbers, the recovery is around the corner again (and again, and again, and again, …etc.). I tend to lean towards the NSA numbers only because I believe raw data is a better indicator and despite the improvements of the last month, the reality is that we are still substantially above…
By John Galt September 15, 2011 – 17:00 ET Of course even Goody Two Shoes had to eat, live in a house, and maybe, just maybe, got the sniffles. Unfortunately for the American consumer, and somewhat to my shock, the BLS was unable to manipulate the Hedonic Horror known as the Consumer Price Index and create a deflationary indicator to validate the Fed’s wave of liquidity and next shove against the string to save their precious banks while destroying American citizen’s ability to earn a…
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