Stocks To Keep A Close Eye On

[DanPickUp]

Anger is for those who are Ignorant...

Spend some time at "Articles Of Interest" which shall be completed in 14 months.... You will find answers... to most of your present & future queries

SavantGarde

Hi Savant

I have been there and your choice of articles is very informative. As I read every day a lot in my job and not only look at charts and sreeens, I was familiar with some posts.

Your last few articles are quit politic. We are clear here in the west, that this country is very extreme and past is past and present is present. We do not speak open about that for certain reasons. We are also clear, that they are not all the same as they also have very extreme people, which we just shake our heads and say : What the f*** are this people thinking.

On the other hand, there are other crazy peoples on the other side.

Speaking about the true is god. Not making more people angry against each other is also god.

My friend, take care and have a nice night.

DanPickUp

 

[gauharjk]

The Irish situation is very well explained by Paul Krugman

I have utter contempt for Paul Krugman's borrow and spend ideology.

 

[DanPickUp]

The Irish situation is very well explained by Paul Krugman

Hi deneb

Most people know Swift as the author of “Gulliver’s Travels.”

The name Swift maybe is more know because of that : Society for Worldwide Interbank Financial Telecommunication.

All financial transaction in Europe are controlled with Swift. http://www.swift.com/

There is also an information war going on between the EU and America, as the Americans have broken in to the system of the company and stole all the transfer data. The company now has changed is main place to Switzerland to be better protected an no more to be in the EU region.

Dan

Sorry about may bad English

 

[deneb]

I have utter contempt for Paul Krugman's borrow and spend ideology.

But what do you think about the present article.

 

[Lalit.Sikaria]

Sir G,

I am thinking of entering in Hanung & LIC Housing Finance (small quantities). what should be ideal level.

I had sold ICICI @ 1200. presently, available at 1125. Should I do so now or wait.

Seeing your post for Hind Oil Exploration, I am getting interested even in that.

What's your advice on Srei Infrastructure Finance & HCC with a long term view.

Further, I am holding 1 NF of january as you had said. But sitting with great loss. Do advice me when I should enter in fresh contracts.

Thanks
Lalit

 

[gauharjk]

But what do you think about the present article.

Paul Krugman is a good writer. The present article is very good. Excellent explanation.

But its his insistence that to get out of recession, the governments have to borrow and spend more money, is what I disagree with. Governments actually listen to him because he has a Nobel Prize in economics. That is very dangerous.

A good thing about the article which I agree with is that Government of Ireland should let the lenders suffer losses for their lax standards and predatory lending. People of Ireland should not be saddled with this bad debt. I completely agree. Same thing should happen all around the world.

 

[gauharjk]

In a Memo to Ireland, Mike Whitney says, "Tell the EU and IMF to Shove It!"

Irish Prime Minister Brian Cowen is Mahmoud Abbas. He's caved in to the demands of foreign capital and transferred control over the nation's budget to the EU and the IMF.

This is a black day for Ireland. The Irish people will now face a decade or more of grinding poverty and depression thanks to their venal leaders. As soon as the ink dries on the IMF loans, the second occupation of Ireland will begin, only this time there won't be armored cars and Paramilitaries in fatigues, but nerdy-looking bureaucrats trained in the art of spreading misery. In fact, the loans haven't even been signed yet, and already IMF officials are urging the government to cut jobless benefits and the minimum wage. They're literally champing at the bit. They just can't wait to get their hands on the budget and start slashing away.

And don't believe the hype about European unity or saving Ireland. My ass. This is about bailing out the banks. The bondholders get a free ride while workers get kicked to the curb. Here's a clip from the Financial Times that spells it out in black and white:

"According to data compiled by the Bank of International Settlements, the three largest creditors to the Irish economy at the end of June...were Germany to the tune of €109bn, the UK at €100bn and France at €40bn. These sums amount to 2 per cent of France’s gross domestic product, 4.5 per cent of Germany’s GDP, and 7 per cent of British GDP."

Ireland is being asked to cut to social services, slash wages, renegotiate contracts, and dismantle the welfare state so that undercapitalized banks in France and Germany can get their pound of flesh. But, why? They're the ones who bought the bonds. No one put a gun to their head. They knew they could lose money if Irish banks went south. That's the risk they took. "You pays your money, and you takes your chances." Right? That's how capitalism works.

Not any more, it doesn't. Not while Cowen's in charge, at least. The Irish PM has decided to bail them out; make all the bondholders "whole again." But who made Cowen God? Who gave Cowen the right to hand over his country to the IMF?

No one. Cowen is a rogue agent kowtowing to international capital. After he finishes his work in Ireland, he'll probably join globalist Tony Blair on the French Riviera for a little hobnobbing with the tuxedo crowd.

The Irish people didn't struggle through centuries of famine and foreign occupation so they could be debt-peons in the EU's corporate Uberstate. Like Sinn Fein president Gerry Adams said, "We don't need anyone coming in to run the place for us. We can run it ourselves." Right. Tell the EU plutocrats to take their Utopian Bankstate and shove it.

 

[gauharjk]

Irish Citizens Sold Down the River in "Firepower of Stupidity"

By MISH

Today the Irish Government sold its citizens into debt slavery by agreeing to guarantee stupid loans made by German, British, and US banks. Those loans fueled one of the biggest property bubbles in the world. Ireland has since crashed.

Why the average Irish citizen should have to bail out foreign bondholders is beyond me, but I do note that the same happened in the US with taxpayers footing an enormous bill for Fannie Mae, Freddie Mac, and AIG.

No matter what stupid thing banks do, prime ministers and presidents are all too willing to make the average taxpayer foot the bill for the mess. That by the way, is one reason why we get into these messes in the first place.

Firepower of Stupidity

Finance Minister Brian Lenihan bragged about the “firepower that stands behind the banking system.” Yes there is firepower alright, a firepower of stupidity.

Wikipedia notes the population of Ireland is approximately 4.35 million. Going into debt to the tune of $137 billion would saddle the average Irish citizen with $31,494.

How long will it take to pay that back? For whose benefit? Perhaps a better question is will it be paid back?

By agreeing to take on that debt, and sticking it to the Irish taxpayers who will be forced to accept various austerity measures to pay back that debt, Irish Prime Minister Brian Cowen and Finance Minister Brian Lenihan just sold Ireland down the river.

For additional insight on how the crash affects Ireland, please see Ghost Estates and Broken Lives: the Human Cost of the Irish Crash

 

[gauharjk]

Paul Krugman defends Bailouts of US Financial Corporations...

http://www.youtube.com/watch?v=cHZ0cNzngMs

 

[gauharjk]

Al-Qaeda Calls Off Attack On Washington DC To Spare Life Of 'Twilight' Author Stephenie Meyer
-The Onion News Network

http://www.youtube.com/watch?v=T1l217B88nk