By Mike “Mish” Shedlock
“Big Brother” in Action
In case you have not already realized it, 1984 has come and gone politically. All that remains is how fast we march down the path of “thought suppression”. Here are a couple of articles that will make my point.
The Telegraph reports EU wants power to sack journalists:
A European Union report has urged tight press regulation and demanded that Brussels officials are given control of national [...]
“Some of Mali’s prominent natural resources include gold, being the third largest producer of gold in the African continent.” – Souce: Wikipedia
Labor Minister Says France Is “Totally Bankrupt” !!
Things in France must not be very serious, because the French labor minister accidentally let the truth come out a little earlier today. As the Telegraph reports, France’s labour minister sent the country into a state of shock on Monday after he described the nation [...]
Josh Brown Explains The Huge Mistake That A Bunch Of Investors Are Going To Make Right Now
There is no doubt that in the past few weeks (arguably just the past week) there’s been a real breaking of the bearish spirit.
Bullishness is hitting all-time highs, and even some of the folks who were very skeptical about the economy, are turning positive.
Meanwhile, the S&P just broke 1500. As Josh Brown at The Reformed Broker notes, the [...]
by George Washington
Leading British newspaper the Telegraph reports today:
Ministers today admitted Britain is facing “very, very grave difficulties” after figures showed the economy did not grow at all in 2012.
Economists from the Royal Bank of Scotland said the last four years have produced the worst economic performance in a non post-war period since records started being collected in the 1830s.
“It’s the worst economic performance since at least 1830, outside of post-war demobilisations,” he told The Daily [...]
Fool me once, shame on you. Fool me twice, shame on me.
That’s what I’d say to the Western governments currently planning an invasion of Syria under the pretense that Bashar al-Assad is readying the use of chemical weapons in the Syrian Civil War.
The Telegraph reports:
NBC News quoted an unnamed U.S. official as saying there was evidence that the bombs, loaded with the chemical weapon, could be dropped on the [...]
NEW ORLEANS (CBS Houston) – Scientists at Tulane University recently discovered that mice can match the pitch of their voices to blend with one another.
The findings came as something of a surprise to researchers, since mice were thought to be incapable of being able to change the pitch of their voices, The Telegraph reports.
“We are claiming that mice have limited versions of the brain and behavior traits for vocal learning that are [...]
NEW HAVEN, Conn. (CBS Connecticut) – An experimental drug could stop people from getting drunk off alcohol and thus helping heavy drinkers wean off alcohol.
Yale University researchers are hypothesizing that the drug iomazenil, when taken before drinking, can weaken some of the effects of alcohol on the brain. According to a recent pilot study conducted by the researchers, the effects of alcohol on those people who took iomazenil caused people to [...]
Kim Jong Un recently took a trip to a North Korean theme park, Mangyongdae Funfair, The Telegraph reports, and in comments broadcast on state television, the young ruler offered an unusually damning opinion on the park.
“Pathetic” he said as he noticed a damaged path near a Viking-themed ride. He also pointed out peeling paint and faults with a rollercoaster.
“I had no idea the park could be so pitiful,” Kim reportedly said.
As usual, the most surreal news of the day, perhaps week, is saved for Friday night, when we learn that Germany has magically raised over a quarter of its total EFSF obligation of €211 billion by way of what is essentially magic. The Telegraph reports that “Germany is €55bn richer than it previously thought because of an accounting error at state-owned bank Hypo Real Estate Holding. The mistake at [...]
Over the past few days, Italy has promptly re-emerged as a main cog in the illusion that Europe is a well-greased machine (yes, we know, funny) after it became clear that the country continues to refuse to implement any actual austerity measures following the requirement to do just that months ago when it got access to the ECB’s sterlizied bond monetization scheme. In fact it got so bad that yesterday [...]
The release of the Troika report (stating the what-we-all-know that is much larger haircuts will be needed for any type of debt sustainability) seemed to bring events this weekend in Europe to an early halt, according to SudDeutsche. As the sheer mathematical certainty of the event horizon that is Europe these days is slammed at light speed into the foreheads of the European cognoscenti, we finally see some actual frustration, [...]
Such efficiency out of the Greeks for once- not a single Persian was harmed, or even needed, in this 21st century version of Thermopylae: the Greeks did it all on their own.
More: “Although it was done discreetly, news that Athens had opened the fund filtered out and was one of the factors that rattled markets across Europe. At one [...]