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Snippets of the day

Hype TV

CNBC is owned by General Electric, a company that seeks to make
profits for its shareholders. CNBC will do whatever they can to
keep their ratings up, which means their coverage will coincide
with the universe of momentum investors. Viewers want to hear
stories about a “hot stock” or “hot sector”, not about the wisdom
of buying distressed assets or keeping money on the sidelines. When
the market happens to be down across all sectors, CNBC and Wall
Street cooperate in promoting a specific industry by informing the
world of various upgrades. When tech runs, the hype machine trots
out biotech. When biotech starts to get choppy, the machine trots
out financials. And on and on it goes.
Dollar and India

As China arrives on the global scene, not dependent on any other
nation, nor controlled by any, it has some basic decisions to make
for its own future. It can bow its head and fit in or develop
pragmatically in the face of a crowded globe. One of the basic
decisions it has to take is, will it accept U.S.$ hegemony? After
all Europe has? Will the other newcomer India accept rule by the
U.S.$?
We believe India will, quite happily, because of its very nature.
India’s government does not have or envisage the same sort of
control over its people or geography as is needed to pose any
threat to the West. It is happy to be a fellow traveler.
ARRRRRGGGGGHHHHHHHHHHH!!!!!!!!
:) Falkor

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