More picks of the bunch

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John W Clark

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Jan 11, 2012, 12:50:46 AM1/11/12

to MonitoringTheMadness Google Group

Dear all,

Some more selections for you:

If no trade reversal now, then when? (Michael Pettis)

I don't always agree with him, but there is no doubt Michael Pettis is an extremely intelligent and thoughtful individual, with a very deep level of understanding of global economics (much deeper than mine). I found his latest piece to be very thought provoking and raises some important "economic mathematical identities" that definitely ought to be thoughtfully considered by those working the levers of power. I won't hold my breath, however.

How inferior American education caused the credit/real estate/sovereign debt bubbles and why it's preventing a true recovery (Reggie Middleton)

Allow Reggie the opportunity to get you thinking about possible deeper structural problems in the US education system and how they may have played a key role in laying the foundations for the numerous bubbles and collapses we have experienced (and continue to experience).

US Secretary of Defense let's it slip that they know Iran is not developing nukes (Rawstory via Mish)

The movers and shakers in the military-industrial complex will be choking on their caviar when they learn that the US Secretary of Defense has admitted that they know Iran is not developing nukes. Whoops! Kinda undermines those warmongers posturing against Iran now, doesn't it???

Do the Hedge Funds Now Hold Future of Europe Hostage? (ZeroHedge)

If Tyler from ZeroHedge is right, then these hedge funds involved in this issue are very clever and will make piles of money exploiting the manipulations going on in Europe. If they fail, then the eurozone will be one big step closer to disintegration.