Saturday, June 1, 2013
Weekend Chillout - Top Place
With one of my favourite cities in the world, Bangkok being voted this week the world's top destination I thought the following tune was called for.
Japan market's wild ride might just be beginning
Article link
Is the Bank of Japan creating the biggest pyramid scheme in history? In recent weeks Haruhiko Kuroda has been the toast of the financial world, winning plaudits from Nobel laureates Paul Krugman and Joseph Stiglitz. The move by the BoJ governor to end deflation with large bond purchases has been cheered by International Monetary Fund managing director Christine Lagarde, Asian Development Bank president Take
Yet markets are raising troubling questions about Prime Minister Shinzo Abe's revival plans - dubbed Abenomics - of which Kuroda's bond-buying is a critical part.
On Thursday, the Nikkei 225 Stock Average plunged more than 5 per cent. The broader Topix lost 3.8 per cent, after a 6.9 per cent drop on May 23, its biggest one-day decline since the March 2011 tsunami and nuclear disaster.
The market is now down 11 per cent since May 22. That officially puts Japan in correction mode.
Read more: http://www.smh.com.au/business/japan-markets-wild-ride-might-just-be-beginning-20130531-2nher.html#ixzz2UxgbADns
Keiser Report - Love, Trade, Recession
From RussiaToday
In this episode of the Keiser Report, Max Keiser and Stacy Herbert observe that spankings are trading at an all time high in London while on international markets, the enduring love for gold sees record volumes of physical metal trading hands.
In the second half, Max talks to Mitch Feierstein, author of Planet Ponzi, about VIX volumes surging as old dummies are replaced with new dummies in the global central bank operated ponzi scheme. They discuss the optimism bias that provides a ripe environment into which UK chancellor, George Osborne, can introduce the biggest ponzi of them all with his "Help to Buy" scheme.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert observe that spankings are trading at an all time high in London while on international markets, the enduring love for gold sees record volumes of physical metal trading hands.
In the second half, Max talks to Mitch Feierstein, author of Planet Ponzi, about VIX volumes surging as old dummies are replaced with new dummies in the global central bank operated ponzi scheme. They discuss the optimism bias that provides a ripe environment into which UK chancellor, George Osborne, can introduce the biggest ponzi of them all with his "Help to Buy" scheme.
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