Media business and music world is still struggling with the modern version of human entertainment!
Selling painted bodysuite by Sports Illustrated to politicians womanizing by TVs and publishers alike havent really spurred much of enthusiasm in this internet enabled population...
From Unintended acceleration to late night talkshow street fights dont seem to stick longer..
From Mr summers to Ms Merkel the Golden mantra for their inadequate policies GS has been a boon with an intended acceleration toward financial reforms and market regulations - yet failing to gin much traction..
But, But not the Golden boys and their Greecy business tactics!!
Yes Mr Blank-enstein ala God - May be the Wall Street Version -and His abode Goldman Sachs seems to attract media attention and main street anger and gives incapable policy makers and politicians enough ammunition to garner followers!
We have seen New York Times go after GS with minded focus - maybe to get shareholder attention? And Fox Business News with its newly acquired asset - Mr Gasparino from CNBC doing the same to create an audience....From Wall Street Journal to Financial Times try and do some investigative journalism
Now a these we an understand..
But, But - Rolling Stones on Golden Squid and the Goldman Boys and practies....? Its like Playboy writing on Faith and Religion for intellectual masturbation! And all media giving them an airplay and wasting ink on reproduction?
May be , Just May we have reached the bottom in this Goldman Sach dog and pony show and it should start fding to the background!
Tuesday, March 2, 2010
Monday, March 1, 2010
Pounding the British is not an Olympian task!
After milking the Germans with the Greecy practice the market movers look to London for another Golden triump!
With the British Pound losing over 25% in this crisis and the value still headed South is it safe to bet against the Brits?
With Modern Economics of Global monetray system still misunderstood by politicians and policy makers alike - it is hardly the time to bet against the English - the master mind of the monetary system that is widely practiced globally!
What Mr Soros failed to do - the rest of the gang may find it even more difficult to achieve - however it might give a temporary opportunity to benefit from the wild swing that the currency market will produce.
With the British Pound losing over 25% in this crisis and the value still headed South is it safe to bet against the Brits?
With Modern Economics of Global monetray system still misunderstood by politicians and policy makers alike - it is hardly the time to bet against the English - the master mind of the monetary system that is widely practiced globally!
What Mr Soros failed to do - the rest of the gang may find it even more difficult to achieve - however it might give a temporary opportunity to benefit from the wild swing that the currency market will produce.
Healthcare: Pay for Results & not for procedures - Mr Buffet
Indeed a loaded statement from Mr Buffet on health care practices in America.
Politicians and Practice leaders are tongue tied when it comes to medical compensation and practices are everyone is affected & close to those who provide them the care & are obviously nervous to take an objective view into the healthcare reform.
Everyone talks about healthcare cost running out of control & trying to slice the bread with the wrong end of the knife.
And Mr Buffet in a CNBC interview on healthcare reform made the most profound statement anyone has made till date - A loaded statement which if paid attention to in Washington we will have an affordable and practical healthcare solutions and open up the multi-trillion dollar industry for REAL COMPETITION like every other industry making the cost of services affordable and driven by market pressures!
Politicians and Practice leaders are tongue tied when it comes to medical compensation and practices are everyone is affected & close to those who provide them the care & are obviously nervous to take an objective view into the healthcare reform.
Everyone talks about healthcare cost running out of control & trying to slice the bread with the wrong end of the knife.
And Mr Buffet in a CNBC interview on healthcare reform made the most profound statement anyone has made till date - A loaded statement which if paid attention to in Washington we will have an affordable and practical healthcare solutions and open up the multi-trillion dollar industry for REAL COMPETITION like every other industry making the cost of services affordable and driven by market pressures!
Thursday, February 25, 2010
Old Cool Aid in a New Bottle!
How long does it take to rebrand , repackage and sell the same stuff after getting slapped and bailed out?
Not Very long!
GMAC & Ditech - know for predatory lending and aggressive marketing campaigns in attracting every one who fell in the Sub prime category!
After getting a very sweet deal - which not many realised - which is being currently questioned and investigated with little or no traction - is back at it!
Same aggressive tactic & predatory campaigns!
Under a new name!
Ally!
Yes Ally Bank! What the hey!
Who is sleeping on the wheels when so much has been talked about learning from the past!
Well now that Ally Bank is part owned by the Tax payers like every other major Banks , Autos & AIG ....one wonders if we will ever learn from the mistakes if the Government keeps intervening to protect failures and prevent the market from self correcting!
Not Very long!
GMAC & Ditech - know for predatory lending and aggressive marketing campaigns in attracting every one who fell in the Sub prime category!
After getting a very sweet deal - which not many realised - which is being currently questioned and investigated with little or no traction - is back at it!
Same aggressive tactic & predatory campaigns!
Under a new name!
Ally!
Yes Ally Bank! What the hey!
Who is sleeping on the wheels when so much has been talked about learning from the past!
Well now that Ally Bank is part owned by the Tax payers like every other major Banks , Autos & AIG ....one wonders if we will ever learn from the mistakes if the Government keeps intervening to protect failures and prevent the market from self correcting!
Drive to Washington wasn't bumpy for Mr Toyoda!
A long journey!
And a long ordeal in Washington!
Absolutely Positively Mr Toyoda has the right Answer for all the questions and humiliation:
I am Sorry- Mr America & Mr Consumer! We will do better!
Several Hours several questions - Same Sincere and sorry face!
Good Work Mr Toyoda!
The press has turned soft & has started showing the good side!
And a long ordeal in Washington!
Absolutely Positively Mr Toyoda has the right Answer for all the questions and humiliation:
I am Sorry- Mr America & Mr Consumer! We will do better!
Several Hours several questions - Same Sincere and sorry face!
Good Work Mr Toyoda!
The press has turned soft & has started showing the good side!
New York Times and Goldman: Who will win?
Another day and another missile and another attack!
From bail-outs to derivatives and everthing in-between!
From V#$kerrule to Propreitary trading
From Executive bonuses to H1N1 flu shots
From lobbyists to conspiracy theories
From Sheila Bair to Big Ben
From AIG to Greece......
From every angle New York Times has a story and investigative reporting- weaving in and out on Goldman Sachs and how it and it only played the most damaging role in this Financial Whatever we are experiencing!
Is NYTimes trying to get recognition in the gobal Financial market- like WSJ and FT? Looking at the approach and the flimsy nature of the investigation it certainly looks like a Financial Tabloid trying to smear at Goldman Sach and its dominance of the Wall Street activities and their influence in Washington!
From bail-outs to derivatives and everthing in-between!
From V#$kerrule to Propreitary trading
From Executive bonuses to H1N1 flu shots
From lobbyists to conspiracy theories
From Sheila Bair to Big Ben
From AIG to Greece......
From every angle New York Times has a story and investigative reporting- weaving in and out on Goldman Sachs and how it and it only played the most damaging role in this Financial Whatever we are experiencing!
Is NYTimes trying to get recognition in the gobal Financial market- like WSJ and FT? Looking at the approach and the flimsy nature of the investigation it certainly looks like a Financial Tabloid trying to smear at Goldman Sach and its dominance of the Wall Street activities and their influence in Washington!
Wednesday, February 24, 2010
Does Greenspan support his co-workers at PIMCO?
Mr Greenspan correctly pointed to the recession before anyone did and got bad mouthed for the premature predictions & eventually got the blame for it as well.
In a recent comment about the American economy his catch phrase is on exuberance but "extremely uneven" and an extended period of elevated unemployment with not so visible growth in areas of high impact business areas - like housing and autos and small businesses-
sounds like PIMCO's preaching of "NEW NORM"....if this is an independent assessment by Mr Greenspan and not influenced by his affiliation to Germany's PIMCO then it might be something we should pay attention to!
In a recent comment about the American economy his catch phrase is on exuberance but "extremely uneven" and an extended period of elevated unemployment with not so visible growth in areas of high impact business areas - like housing and autos and small businesses-
sounds like PIMCO's preaching of "NEW NORM"....if this is an independent assessment by Mr Greenspan and not influenced by his affiliation to Germany's PIMCO then it might be something we should pay attention to!
Privacy PLEASE...Finally Italians spank Google!
Nude beach in a private corner...
Pay to keep your name off the telephone books...
Fence to keep your neighbor off your property...
dress to shield your skins....
speak softly to keep a secret....
And on and on and on....From time immemorial mankind has always paid a premium for privacy & keeping it close and tight until some one found a way to make money out of exposing them..GOOGLE!
Is it fair for a company to expose what is others and belongs to others and profit out of it? How is this diferent from Papparazi and the TMZs of he world?
Mapping your private quarters and detailing information that are kept aside precisely and instantaneously...locally and globally all at a price for teh affected and for a profit to the Google shareholders!
Now someone wised up and is ready to slap the hands of Google for not getting the consent of thosse affected before broadcasting them not to mention profitting from it!
Whose responsibility is it to get the PROPER consent before capturing, storing & broadcasting them?
Is it the person who initiates the process or the entity who stores and broadcasts them & promotes such activity?
If ditribution is an intrical part of the activity - then the peddler have a responsiblity to share the bame!
What the Italian court did may not be enough to stop the Google juggernaught...however sooner or later a modified version of "PRIVACY LAW" will take over and people will have the opportunity to enjoy their PRIVACY once again!
Pay to keep your name off the telephone books...
Fence to keep your neighbor off your property...
dress to shield your skins....
speak softly to keep a secret....
And on and on and on....From time immemorial mankind has always paid a premium for privacy & keeping it close and tight until some one found a way to make money out of exposing them..GOOGLE!
Is it fair for a company to expose what is others and belongs to others and profit out of it? How is this diferent from Papparazi and the TMZs of he world?
Mapping your private quarters and detailing information that are kept aside precisely and instantaneously...locally and globally all at a price for teh affected and for a profit to the Google shareholders!
Now someone wised up and is ready to slap the hands of Google for not getting the consent of thosse affected before broadcasting them not to mention profitting from it!
Whose responsibility is it to get the PROPER consent before capturing, storing & broadcasting them?
Is it the person who initiates the process or the entity who stores and broadcasts them & promotes such activity?
If ditribution is an intrical part of the activity - then the peddler have a responsiblity to share the bame!
What the Italian court did may not be enough to stop the Google juggernaught...however sooner or later a modified version of "PRIVACY LAW" will take over and people will have the opportunity to enjoy their PRIVACY once again!
PIMCO's New Normal...
What is NEW NORMAL according to Mr El Erian of Germany's PIMCO:
> Greater Government Regulation
> Lower Consumption
> Slower Growth
> shrinking global role for US economy
And Resulting in
Lower Than Average Returns!
> Greater Government Regulation
> Lower Consumption
> Slower Growth
> shrinking global role for US economy
And Resulting in
Lower Than Average Returns!
Tuesday, February 23, 2010
Toyota & the Art of Japanese Management!
When Akio Morita ruled the Management World - Japan was peaking! From Harvard to Silicon Valley the rage was Japanese style Management!
From Quality circles to pull systems - the world was amazed! Every market that the Japanese entered the eventually dominated the market - from consumer electronics to industrial automation!
That is yester years! Or yester Decades ago!
After 20 years of struggle from its peak- is Toyota incident an aberration or just the kind of symptoms that leads to systemic collapse of a developed economy?
The largest market for Toyota till date - the North American consumers - have kept Toyota and Lexus in a pedestal and they have maintained an impeccable image.
The last three months of events are exposing a style of Management that Japan is used to when it comes to markets outside Japan!
Mr Lentz - a poor choice for Toyota t send to the fire storm - doing more damage than an average Joe blow could have done in a similar set up!
No Preparation!
No recollection of case data!
Fumbling on details and communications!
An air of arrogance - a typical used car sales attitude till he was put in his place!
An about turn to accommodate and apologise - and surrender - an attempt at crying - yes its an emotional narration - but hardly believable!
This certainly exposes the Japanese style of management that the World hasn't been exposed to - where the domestic market and operations are nothing but a bunch of puppets who cannot think and act independently!
Sony and Nissan - have been handed over to non Japanese executives to turn around their businesses as they have failed to survive under Akio Morita's Art of Management!
If Toyota does not change its style of Management it will be very difficult to handle their dominance with manufacturing alone!
Mr Toyoda - Good luck with your Washington encounter! Hope your legacy and openness will leave a believable impressions - which Mr Lentz failed to accomplish!
From Quality circles to pull systems - the world was amazed! Every market that the Japanese entered the eventually dominated the market - from consumer electronics to industrial automation!
That is yester years! Or yester Decades ago!
After 20 years of struggle from its peak- is Toyota incident an aberration or just the kind of symptoms that leads to systemic collapse of a developed economy?
The largest market for Toyota till date - the North American consumers - have kept Toyota and Lexus in a pedestal and they have maintained an impeccable image.
The last three months of events are exposing a style of Management that Japan is used to when it comes to markets outside Japan!
Mr Lentz - a poor choice for Toyota t send to the fire storm - doing more damage than an average Joe blow could have done in a similar set up!
No Preparation!
No recollection of case data!
Fumbling on details and communications!
An air of arrogance - a typical used car sales attitude till he was put in his place!
An about turn to accommodate and apologise - and surrender - an attempt at crying - yes its an emotional narration - but hardly believable!
This certainly exposes the Japanese style of management that the World hasn't been exposed to - where the domestic market and operations are nothing but a bunch of puppets who cannot think and act independently!
Sony and Nissan - have been handed over to non Japanese executives to turn around their businesses as they have failed to survive under Akio Morita's Art of Management!
If Toyota does not change its style of Management it will be very difficult to handle their dominance with manufacturing alone!
Mr Toyoda - Good luck with your Washington encounter! Hope your legacy and openness will leave a believable impressions - which Mr Lentz failed to accomplish!
Italy latest to gamble in derivatives..!
Italy has made over $10 Billion investing and speculating in the swaps market over the last decade!
Bravo for disclosing their winning streak on the heals of the Olympian failure by the Greeks and getting spanked for their Roman indulgences!
In the name of hedging and spreading risks more and more economies are following the path of least resistance to making money without disrupting their political affiliations and maintaining their populist stand!
This could pose a serious advantage to the Fixed Income players as they find more and more sophisticated mechanism to manipulate and manage smaller economies to favor their investment objectives. Euro in its current form poses a major structural danger that could help people with access to sophisticated financial instruments to disrupt smooth flow of capital while playing God and spanking any player defying their rule book!
Bravo for disclosing their winning streak on the heals of the Olympian failure by the Greeks and getting spanked for their Roman indulgences!
In the name of hedging and spreading risks more and more economies are following the path of least resistance to making money without disrupting their political affiliations and maintaining their populist stand!
This could pose a serious advantage to the Fixed Income players as they find more and more sophisticated mechanism to manipulate and manage smaller economies to favor their investment objectives. Euro in its current form poses a major structural danger that could help people with access to sophisticated financial instruments to disrupt smooth flow of capital while playing God and spanking any player defying their rule book!
Monday, February 22, 2010
Toyota - A good buy in a bumpy road!
Mr Toyoda goes to Washington while Consumers drive to Honda and Ford dealers!
While the Dealers look to Paris for her winning tricks- it sure looks like hell for Toyota motors and its crashing stock!
Saving $100 Million dollars in negotiating with NHTSA is hardly an ethical flaw to break the company given billions and billions are spent in Washington by Lobbyists to manage and swing the policy makers.
Auto market is still licking its wound form the Financial Whatever..and the consumers are ready for the upgrade cycle. With China and India grows at blistering speed the current nightmare might pass as another dream in achieving Toyota's global dream.
Toyota share is a good buy and if it crashes/falls during the Washington reddericks on Toyota - it will be great opportunity to load up on Toyota for long term investors.
While the Dealers look to Paris for her winning tricks- it sure looks like hell for Toyota motors and its crashing stock!
Saving $100 Million dollars in negotiating with NHTSA is hardly an ethical flaw to break the company given billions and billions are spent in Washington by Lobbyists to manage and swing the policy makers.
Auto market is still licking its wound form the Financial Whatever..and the consumers are ready for the upgrade cycle. With China and India grows at blistering speed the current nightmare might pass as another dream in achieving Toyota's global dream.
Toyota share is a good buy and if it crashes/falls during the Washington reddericks on Toyota - it will be great opportunity to load up on Toyota for long term investors.
Is Euro a Risky proposition?
Greece is on everyone's mind and now that everyone knows where Greece is...its a logical extension for people like Soros to question the existence of Euro.
The unwinding of Euro and going back to national currency system will be a major nightmare given its role in the global capital market.
Growing pains and structural inadequcies might be adjusted to accomodate the inequalities in still developing and not so sophisticated EU countries while the fixed income players harvest and feat on the swiss holed currency!
Yet - the failure or fracture f the currency is hardly a case for the demise of Euro!
Euro II will emerge better and stronger and will pose a major threat to Dollar a few exits down the Currency Bahn!
The unwinding of Euro and going back to national currency system will be a major nightmare given its role in the global capital market.
Growing pains and structural inadequcies might be adjusted to accomodate the inequalities in still developing and not so sophisticated EU countries while the fixed income players harvest and feat on the swiss holed currency!
Yet - the failure or fracture f the currency is hardly a case for the demise of Euro!
Euro II will emerge better and stronger and will pose a major threat to Dollar a few exits down the Currency Bahn!
Thursday, February 18, 2010
Washington Invites Mr Toyoda!
Finally a formal invite to Mr Toyoda!
Should Mr Toyoda drive to Washington?
Should Mr Toyoda drive to Washington?
Ms Merkel spanks Goldman for Greecy Behaviour!
And ofcourse supports EURO's solidarity and claims EURO's help in managing the Financial Whatever!
Germany benefiting the most from Euro and the Maastricht Treaty in its various evolution cycle- till date.
The Weaker economies and countries are strapped and stripped of their economic prosperity as Germany and to a lesser extent France enjoying prosperity during the last decade. Heading into its teen can Euro be s=distracted by the fixed income players who have remarkable found a loop hole to benefit from the Germany backed EU policies?
As Ms Merkel voices more and more of her iron fisted opinion about Greece has found Goldman Sachs as another scape goat to eat the cake and keep it too!
During the last few years we have seen many scandals and bribery come out of Germany from Siemens to Mercedes Benz which some slapping from US and very little from Ms Merkel's administration - and yet when it comes to slapping Goldman Sachs and Greece , which obviously benefits German interest , Ms Merkel is quick on the draw!
How long can Ms Merkel play this charade before the local communities rebel against the Big Brothers who are stealing their future?
Germany benefiting the most from Euro and the Maastricht Treaty in its various evolution cycle- till date.
The Weaker economies and countries are strapped and stripped of their economic prosperity as Germany and to a lesser extent France enjoying prosperity during the last decade. Heading into its teen can Euro be s=distracted by the fixed income players who have remarkable found a loop hole to benefit from the Germany backed EU policies?
As Ms Merkel voices more and more of her iron fisted opinion about Greece has found Goldman Sachs as another scape goat to eat the cake and keep it too!
During the last few years we have seen many scandals and bribery come out of Germany from Siemens to Mercedes Benz which some slapping from US and very little from Ms Merkel's administration - and yet when it comes to slapping Goldman Sachs and Greece , which obviously benefits German interest , Ms Merkel is quick on the draw!
How long can Ms Merkel play this charade before the local communities rebel against the Big Brothers who are stealing their future?
Wednesday, February 17, 2010
What NEXT...Mr Ellison?
America's Cup is not a dream anymore!
After spending close to a decade and may be more than a Billion Dollars Mr Ellison won the America's Cup with Style & Elegance and by more than a mile!
Oracle has been winning on its own under the able leadership of the Dual Personalities of Ms Safra and Mr Phillips...with Mr Ellison looking from above!
Now that America's Cup is in his locker will MR Ellison focus more on the Corporate World and really make Oracle the leader of the heap beating the likes of IBM and HP?
It is a tall order to scale that wall of Technology- there is no personalities to fight like Mr Gates or Mr Bertarelli from his past brawls - only vision and execution! With IBM and HP close to four times in size by revenue - it will take more than a dozen Peoplesofts and Siebels or Sun Microsystems to beat them in revenue-
However if Mr Ellison has the tenacity and the execution capability - which he has - and focuses in bringing his Thin Client with fat Oracle in the back office - he can make it happen without too much of acquisition. As his vision from over 15 years back - of thin client is slowly taking shapes under a different name - Mr Ellision can conquer the World of Technology if he can execute and deliver on his recent acquisitions.
Oracle is a steal at this price based on the Sun synergy!
After spending close to a decade and may be more than a Billion Dollars Mr Ellison won the America's Cup with Style & Elegance and by more than a mile!
Oracle has been winning on its own under the able leadership of the Dual Personalities of Ms Safra and Mr Phillips...with Mr Ellison looking from above!
Now that America's Cup is in his locker will MR Ellison focus more on the Corporate World and really make Oracle the leader of the heap beating the likes of IBM and HP?
It is a tall order to scale that wall of Technology- there is no personalities to fight like Mr Gates or Mr Bertarelli from his past brawls - only vision and execution! With IBM and HP close to four times in size by revenue - it will take more than a dozen Peoplesofts and Siebels or Sun Microsystems to beat them in revenue-
However if Mr Ellison has the tenacity and the execution capability - which he has - and focuses in bringing his Thin Client with fat Oracle in the back office - he can make it happen without too much of acquisition. As his vision from over 15 years back - of thin client is slowly taking shapes under a different name - Mr Ellision can conquer the World of Technology if he can execute and deliver on his recent acquisitions.
Oracle is a steal at this price based on the Sun synergy!
M & A is back and might help the recovery!
2010 might turn out to be a big year for M&A and might not just help Wall Street firms but will certainly aid the recovery and have a huge impact in the ailing economy!
BIG DOGS of Europe!
First it was Barclays; Now it is BNP Paribas - slowly the Phoenix is rising!
Yes after almost two years the winners are emerging and resoundingy!
The Investment bankers are licking their - well not their wounds - but their preys and loading up on profits and bonuses!
Can this trend help them fight the PIMCO's of the world and maintain their superiority and bring the economy back to life?
Ms Merkel and the likes while eating the Cake under an EURO umbrella are also attempting to keep it at the expense of the weeklings of Europe - which will aid the PIMCOs f the world and make it difficult for the Barclays of the world.
Ms Merkel might lose the War as London and NY rise from their ashes - may be with a couple of more quarters of profit!
Yes after almost two years the winners are emerging and resoundingy!
The Investment bankers are licking their - well not their wounds - but their preys and loading up on profits and bonuses!
Can this trend help them fight the PIMCO's of the world and maintain their superiority and bring the economy back to life?
Ms Merkel and the likes while eating the Cake under an EURO umbrella are also attempting to keep it at the expense of the weeklings of Europe - which will aid the PIMCOs f the world and make it difficult for the Barclays of the world.
Ms Merkel might lose the War as London and NY rise from their ashes - may be with a couple of more quarters of profit!
FOXy Moves!
Arrogant , Full of attitude & Great Reporting!
No not Mr Murdoch!
Charlie Gasparino & he has left a blazing record of his character and his ability to bring sensation to an otherwise boring Wall Street Media!
Fox Business has been shooting blank bullets since its inception and missed the Almost Depression opportunity entirely - which was a great opportunity!
Then again WSJ under its umbrella has become a partisan play - another bold bet by Newscorp! Which might help Financial Times gain market share in the US market which has been a WSJ & Barrons world for over a century!
Mr Murdoch has always been a slow started in every asset he has purchased - including FOX - which has become the most watched network after being ridiculed for years to imitate and steat the BIG THREE!
May Be , Just May Be - Mr Gasparino joining his peers - Yes Arrogant , Bold & Opinionated individuals - who have been dominating the viewership - like Mr Oriely , Mr Beck and the likes , is only the beginning and will change the FBN fortune!
No not Mr Murdoch!
Charlie Gasparino & he has left a blazing record of his character and his ability to bring sensation to an otherwise boring Wall Street Media!
Fox Business has been shooting blank bullets since its inception and missed the Almost Depression opportunity entirely - which was a great opportunity!
Then again WSJ under its umbrella has become a partisan play - another bold bet by Newscorp! Which might help Financial Times gain market share in the US market which has been a WSJ & Barrons world for over a century!
Mr Murdoch has always been a slow started in every asset he has purchased - including FOX - which has become the most watched network after being ridiculed for years to imitate and steat the BIG THREE!
May Be , Just May Be - Mr Gasparino joining his peers - Yes Arrogant , Bold & Opinionated individuals - who have been dominating the viewership - like Mr Oriely , Mr Beck and the likes , is only the beginning and will change the FBN fortune!
Friday, February 12, 2010
Greecing the Market with Chinese Legs!
Moving from Financial Whatever to a more stable economic environment is still a complicated process and might be several ones for several books for several years to come!
Even before the stage lights are off from the Greece and EURO play - here comes China and their tightening measures!
And ofcourse the market getting jitty on that!
Unlike Greece - China is a large economy and could potentially have an impact - BUT, Yes BUT like Japan and every other closed market China is also less open to gloabl corporations! Currency is a managed instrument in China! Its a very very Export economy!
A wild swing in teh market only demonstrates that we are still being shunted around the poles byt he handful managing and manipulating hte direction - May be this is what Mr El Elrian call the "New Norm" - where a manipulated and fragile financial system is very pportunisitic f you know who is the Director is for the current stage and know the script - as it gets layed over and over again!
Even before the stage lights are off from the Greece and EURO play - here comes China and their tightening measures!
And ofcourse the market getting jitty on that!
Unlike Greece - China is a large economy and could potentially have an impact - BUT, Yes BUT like Japan and every other closed market China is also less open to gloabl corporations! Currency is a managed instrument in China! Its a very very Export economy!
A wild swing in teh market only demonstrates that we are still being shunted around the poles byt he handful managing and manipulating hte direction - May be this is what Mr El Elrian call the "New Norm" - where a manipulated and fragile financial system is very pportunisitic f you know who is the Director is for the current stage and know the script - as it gets layed over and over again!
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