Tuesday, April 10, 2012

News 04-10-2012

Marc Faber is back.  More doom coming.  Down turn in the markets coming?  Believe it... or not. 

Good take on how low the unemployment rate can really fall. 

Pray for the miners in peru.  There's another mine collapse and folks trapped.  I couldn't imagine.....

Syrian forces are actually shelling a refugee camp.  The UN's going to send a strongly worded letter.  I'm absolutely certain that's going to work.  It's worked in the past, right?

*WHEW*  We've Iran has one LAST chance at talks on it's nuclear program.  So...glad...they're...giving...them...one...more...chance...   Because the other 7 rounds of talks went swimingly.  Gasoline at $20/gallon in 3....2....

Sony is cutting 10,000 jobs.  This is because the economy is getting better? 

If it weren't for the number of people dropping out of the search for jobs, unemployment would be well over 11%.  When the BLS reports on itself - that's like having the fox guard the hen house.  Or your dog guarding the plate of bacon on the floor.  Or me guarding those chocolate cookies my wife just made.  yum.

4 pension funds have already blown up the B of A settlement.   This is a win for them, (finally) but horrible for the secondary markets.  I'm wondering if we'll see another lock up of the secondary like we did when Lehman and Bear went under. 





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