Wednesday, October 12, 2011

Welcome to the madhouse

5 Star © fintag

News comments:
BBC Radio 5 had an alarming phone in yesterday where people described how they were surviving on 4 meals a week and stealing electricity from neighbours. And then we hear the bailed-out bankers are ready for a billion plus share out.

Occupy Wall Street is all so very tame. Why should this be? Governments are destroying the wealth of their people to reward Investment Bankers for having a good year trading balance sheets funded by the tax payer, assets held artificially high by regulators who refuse to allow tier 1 sovereign debt to be marked to market and liabilities taken off their hands by bail out funds.

Welcome to the madhouse. And there is more ...

Today's shorts:
Happy Christmas Bankers (dailymail)

20 years later and Japan is still printing money (telegraph)

RIM. What is it good for? (telegraph)

BNY spy exposed (wsj)

Today's longs:
Tiny country to help bring down the Euro (telegraph)

Heavy Metal town has better credit rating than USA (telegraph)

USA to start taxing the rich but give credits to Investment Bankers because they are so important.