The QEII plan. WSJ
Bernanke's backflip. QEII little. Tim Duy
Buy the rumour, sell the fact. Bloomberg
Orwell's curse: G20 resumes currency war. Bloomberg
FT disagrees. FT
Naked Capitalism disagrees with FT. Naked Capitalism
Wall St's new gambling model. Michael Lewis
Mortgage insurance bailout. Chris Whalen
Greece sick! Bloomberg
Why does The OZ persist with Frank Gelber?
Nick Xenophon approves senate bank enquiry. BS
Are commodities in a bubble? Seeking Alpha
Food gets Dutch Disease. BS (h/t The Lorax)
1 comment:
This is pretty good too:
Our food bowl is filling with rocks
The report, prepared by the Australian Food and Grocery Council (AFGC) and KPMG, shows the food processing industry's export position declined from a $4.5 billion surplus in 2004-05 to a $1.8 billion deficit in 2009-10.
“This alarming result shows food and grocery manufacturing – which employs 288,000 people – is now a net-importer of food and grocery products which impacts industry’s growth and competitiveness,” said AFGC chief executive Kate Carnell.
...
A friend of mine in Perth once had a job flying in a light aircraft to a spot off the north-west coast to air-drop cases of wine to mining executives on a yacht. No doubt similar excesses are being generated by this mining boom. For while the mines generate wealth to fund imported cheeses and cases of Méthode Champenoise booze, virtually every value-adding sector of the economy is learning to 'be competitive' – that is, lay off staff and wind up the business.
Post a Comment