The Trading Report: 2012 Will Be More Difficult Than 2011
Hope The Trading Report is wrong. If 2012 is more difficult than 2011, we are in for a very bad year!
Trading Report: Tim Tebow Comeback Continues But There's No Miracle Comebacks For U.S. Economy
This just in from The Trading Report:
Never in the history of the National Football League has there ever been anything like this. Tim Tebow engineered yet another miraculous 4th quarter comeback. Almost everyone has been expecting this unprecedented string of comebacks to come to an end, yet Tebow just keeps pulling off miracle after miracle. It seems like nearly every week now we are talking about another unbelievable Tim Tebow comeback. It is truly a great story, and what is wonderful about Tebow is that he is not out to glorify himself. He is very humble, he always recognizes his teammates and he is a terrific role model for a generation of youth that is in desperate need of one. Unfortunately, there is not going to be a similar comeback story for the U.S. economy. It is late in the 4th quarter, we have accumulated over 50 trillion dollars of total debt as a nation, and our economic guts are being ripped out at a rate that is almost impossible to believe. The game is essentially over and we are headed for an incredible amount of economic pain as a nation.
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New Scientist: Capitalist Network That Runs The World
The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere. But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs).
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Steve Jobs for President: Apple Has More CA$H Than U.S. Treasury
Putting the country’s financial position into perspective, The Financial Post’s Matt Hartley reported this stunning factoid Thursday night: Apple has more cash than the U.S. Treasury.
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