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Man this US decline is getting serious. We can’t even do an IPO for a BS company right anymore! — Doug Henwood on Facebook The current Silicon Valley bubble has popped. We just moved here. There is much rationalization, hand-wringing, and blame-tossing going on in local startup-oriented blogs about why the Facebook IPO was a dud. [...] Trading in Bankia was halted until the board decides how many more billions to demand from the government. That money will of course immediately be hoovered off by debtholders AKA the banksters and none of it will go to helping the bank regain solvency. I found this amusing. Who could ever have predicted that seven [...] Paraphrasing from Zero Hedge The ECB has no more to lend The Fed cannot step in The IMF can’t do it because of political blowback here Germany has had it and is tapped out. They and ECB are preparing for EU breakup and are now intent on protecting themselves China’s economy is slowing. So [...] Long coal train, South Dakota, 1946. Carol M Highsmith, American (Carol M. Highsmith's America, Library of Congress, Prints and Photographs Division.) SSA Marine, which is 51% owned by Goldman Sachs, has applied for federal and state permits to build facilities at Cherry Point to ship coal from the Rocky Mountains to China, thereby making the Pacific [...] There was so much law enforcement protecting Obama in San Jose today I would not have wanted to even sneeze loudly anywhere nearby. Truly, it is of no consequence that thousands were inconvenienced so Obama could have partisan fundraisers. And did I see Secret Service agents doing beer bongs in the alley with hookers outside [...] From tomorrow’s edition of Deutsche Wirtschafts Nachricthen: “The Greece-exit is a done deal: According to the German economic news from financial circles EU and the ECB have abandoned the motherland of democracy as a euro member. The reason is, interestingly, not in the upcoming elections – these are basically become irrelevant. The EU has [...] If you add in the drop in the stock price, then JPMorgan losses are more like $30 billion. Obama is of course mute when it comes to criticizing the banksters, especially when it involves an old pal like JPMorgan CEO Jamie Dimon. Dimon, in his comments on Monday, said the bank wasn’t going to keep [...] DoD and the VA have spent over $2 billion on drugs since 2001 to treat mental illness and PTSD, depsite evidence that such drugs can make things worse attempting to treat sharply higher rates of hospitalization. (In this, they are following the current and deplorable medical trend of treating everything with medication and not [...] California governor Jerry Brown is full-tilt in favor of spending $68 billion on high speed rail and $14 billion on water projects, cheerfully ignoring that California can barely keep the lights on now. “You’ve got to build to accommodate the growth,” Brown said. “California is not stopping. We’re not some tired country in Europe.” I [...] |  | ||||
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