Thursday, 31 May 2012

Thursday 31st May

After all it is the Farmers' fault.. I'm glad to clear that up..
ALWAYS SELL IN MAY (or when people are too clever for their own good)

Nassim Taleb, author of “The Black Swan,” said he favors investing in Europe over the U.S. even with the possible breakup of the single European currency in part because of the euro area’s superior deficit situation.

How Political Clout Made Banks Too Big to Fail - Bloomberg

The U.S. has historically kept the financial sector in check through a combination of sound principles and serendipitous decisions. But as the financial system gained strength in recent years, it also gained political influence. In the last decade, it has become too concentrated and too powerful, which has damaged not only the economy but the financial sector itself.

‘Hitler’ Hashimoto Comes to Japan Fed Up With Status Quo - Bloomberg
Certainly not the majority of the 2.7 million people in the western Japanese city. Toru Hashimoto boasts an approval rating more than twice that of the prime minister. Osakans love their mayor’s crusade against Tokyo’s dysfunction and absolute power over the country. It has Japan’s old guard running scared and comparing Hashimoto to Europe’s most notorious genocidal fascist.{}

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