Posted without comments. From ZH “Morgan Stanley warns Germany may decided to secede from EMU”A fantastic overview of all the game theory aspects embedded in the European crisis, from Joachim Fels, head of Euro research at Morgan Stanley.* Somewhat paradoxically, the show of solidarity for Greece by other euro area members and the ECB raises ...

From Rolling StoneWall Street’s Bailout Hustle Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash MATT TAIBBIOn January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming ...

The PR department in SGX seems to be taking a leaf from Obama’s book recently. Falling approval rankings for the Bailout Barack has seen an equal rise in populist statements that have lots of wordsmith, but zero action. So on that note, let us look at two recent PR announcements, and we’ll offer a free ...

Another head scratcher for the spinners. Is there a good way to say “Singapore Sept factory output falls by 7.7%”? While you’re waiting for tomorrow’s headlines that somehow link “shrinking industrial output” to “recovery”, here’s a previous posting on how the Singapore economy is ‘recovering’ because …

While the world markets continue their respective melt-ups, here’s some Big News from China – according to Bloomberg, all loan guarantees by local governments are now declared null and void.Yes. Null and void.For those wondering what the BFD is, try putting yourself in the shoes of those who lent approximately US$3.5 Trillion (yes, it’s T, ...

Americans and the world have been offered Hope for change we can believe in, but instead, we’re now getting a dose of Indonesian-style KKN (perhaps a throwback to his days of schooling in Jakarta). 2010 will be a watershed year, but only because America and the world will have learnt not to trust his smooth-talking ...

The continuing inability of the whole of Europe – even as it enters full blown depression – to garner as much global press coverage as, say, when the Obamas bought a new puppy, continues to haunt the ruling class. Here’s a quick update of what’s actually happening in the Old World:1. Spain tips into the ...

This is just too good not to post. Thanks to FinReg, rating agencies are asking their customers NOT to use their ratings for bond sales, until further notice. Why? Apparently, a provision which was quietly slipped into FinReg prior to its passing makes ratings firms LEGALLY LIABLE for the quality of their ratings decisions, effective ...

Toyota seems intent on blowing itself up, in effect giving the failed US automakers like Ford and GM a HUGE bailout, by building deathtraps that can’t brake, accelerator pedals that get stuck, and airbags that don’t work. (Well, the last one was Honda, but I thought since Toyota was on a roll, they should put ...

So that all the surfing will not go to waste, here are a collection of useful items linked to the Profitable Plots scam: First, the sales pitch: http://www.profitabl egroup.com/index.asp x Then, the reality: From CNA “Profitable Plots Investors hold protest at Speakers’ Corner” Some investors of Singapore-based investment firm Profitable Plots took to the …