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Banks Rally, Airlines Soar and Pole Dancing Booms

Stacy Summary:   These are headlines I think explain gold.  Everyone (in the market anyway) thinks all is good now.  If they are flying first class, then it’s all okay . . .

Pink Floyd and Queen to Leave EMI as Guy Hands’ Buyout ‘Implodes’

Stacy Summary:  Oh dear.  We warned of this so long ago, I can’t believe Pink Floyd and Queen were still with EMI.  I also can’t believe Queen is still a band?

Video of our EMI prediction (from 5 minutes in . . . )

[1112] The Truth About Markets NZ – 10 March 2010

Stacy Summary:  The Truth About Squid . . .

For more download & listening options, visit Archive dot org

Fitch warns Greeks first year of fiscal austerity is easiest, gets harder next year, and harder still the following year

Stacy Summary:  Ooooooh boy.  And by the way, there is a downgrade warning in the article just for you @Mike/Liverpool.

“The first year is fiscally the easiest. Next year they have to cut another 3pc of GDP, and the following year a further 3pc,” said Chris Pryce, the agency’s Greece expert. “The great question mark is whether the Papandreou government is going to conform. There is already dissent in the cabinet,” he said.

Karl Denninger on when an Entire Market is a Scam

Stacy Summary:  Arguments for maintaining the current Credit Default Swaps market argue that the ‘markets’ should be free.   Strangely, the threat of a real market exchange on which to trade these instruments gets met with howls of rage.  If the entire market as it is at present is mired with fraud and betting against what only what a few insiders know is hologram paper based on fictional exchange rates and fake assets, then I say bring in the prosecutors, the exchanges and the light of day.

[KR23] Keiser Report – Markets! Finance! Scandal!

Stacy Summary: With guest, Greg Palast.

China Takes a Page out of Soros’ Playbook, Talks Down Gold in the Process of Buying It

Stacy Summary:  I like the way that all official statements coming from China relating to almost anything, including the economy; are contradicted by several other official statements.  So, for example, in the last week we have heard from several official sources that the yuan will rise by up to 5pc and that the yuan, in fact, will not be allowed to rise at all.  It’s the art of war I suppose of never letting your enemy, in this case, the other players in the market, know what you are really doing.

Double or Quits Jibber Jabber

Stacy Summary:  h/t to @Danny for sending this link about the transfer of Irish wealth to the few bankers.

Double or Quits Jibber Jabber

Stacy Summary:  h/t to @Danny for sending this link about the transfer of Irish wealth to the few bankers.

McNugget Jibber Jabber

Stacy Summary:  Yummmmm.  McDonald’s comparable sales up 4.8% . . .

Thomas Jefferson Quote of the Day

"All, too, will bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will to be rightful must be reasonable; that the minority possess their equal rights, which equal law must protect, and to violate would be oppression."

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