Thursday, July 09, 2015

Mysterious tough drifter

"China Bans Stock Sales by Major Shareholders for Six Months":
"China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout.

Investors with stakes exceeding 5 percent must maintain their positions . . . "
When are those stupid commies going to realize that the whole point of a stock exchange is to fleece middle class investors for the benefit of the 0.1%?  What kind of monsters fix a problem caused by the super rich by putting the burden on the super rich?

Tweet (Molly Crabapple):
"Thank you to my local fixer, Jamie Dimon, who perished while researching this piece. War is hell "
While Chinese problems are all the rage in the American media, the plunge protection team in New York appears to have been unable to contain the plunge (remember that stock market indices are the only evidence that the American economy isn't in the dumpster), requiring a mysterious 'internal technical issue' to explain yesterday's closing of the NYSE.

It would be nice to think Anonymous had that much power:  "This Is the Message Anonymous Posted Last Night Before the New York Stock Exchange Outage"

"The surprising decline in US petroleum consumption":
"Petroleum consumption in the US was lower in 2014 than it was in 1997, despite the fact that the economy grew almost 50% over this period."
Do you think it is possible for professional economists to conceive of the fact that possibly, just possibly, the rate of petroleum consumption represents a reflection of the real state of the economy, and the 50% growth is just the measurement of paper shuffling?

"British GQ Disappears Negative Feature Story About Rupert Murdoch"

"'Hackers' give orders to German missile battery"

"Is Alexis Tsipras the Mosaddegh of Our Time?"

"FBI raids Michigan Jewish college suspected of defrauding federal government"

"Yanis Varoufakis to become mysterious tough drifter"
blog comments powered by Disqus