JoeP
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AIJ Tokyo Asset Management: Billions In Customer Funds Are Missing
“The FSA says it’s now going to do an audit of all 263 firms that have similar investment-management mandates to AIJ’s.”
LG wrote: If they cannot dazzle the sheep with their footwork, they will use the military.
What are the odds that the Adrams tanks purchased by Greece in Oct 2011 will be pointed at Greek citizens in the near future?
Arvind R.(from comments) wrote: The story is a plagiarism of the events in the USA – the new ideal of Indian neo-liberals. The correspondence is stunning – but our literates don’t seem to notice. This story is about the stupendous rate that our economy is descending quietly into extreme financialization with neo-liberals and feudalists at the helm. High levels of food wastage, the soup kitchens and the homeless shelters have saved USA from suicides – we do not have that luxury. The alternate media is growing in the west mostly due to the highly qualified pool of indebted students realising the hopelessness of their future – here the better off have thicker skins probably attributable to our feudal past. Whereas I was skeptical about the Indian trajectory, this story cleared up matters – we are indeed governed by the failed policies of the IMF and other western banksters. Kudos to The Hindu for the story – but an editorial is needed that will connect the dots for the vision impaired of our country.
I think Arvind “gets it”.
“Rajyam was unable to pay off Rs. 1.18 lakh owed to eight different companies. Employees of microfinance companies, including SKS, urged other borrowers to seize the family’s chairs, utensils and wardrobe and pawn them to make loan payments, her family told investigators. Unable to bear the insults and pressure of the crowd of borrowers who sat outside her home for hours to shame her, Rajyam drank pesticide on September 16, 2010, and died, the family says.”
The authors wrote: Others also left no doubt the cash is needed to calm markets and secure economic growth. “In order to overcome the crisis, you have to get ahead of the curve and have a big enough bazooka,” said Olli Rehn, European Commissioner for Economic and Monetary Affairs.
So is Germany’s plan to entice Greece to leave the Eurozone before (or after) the “bazooka” is deployed?
Successful Chinese Emigrating to West in Droves
“These people long to live in a constitutional state that would protect them from the party’s whims. And they want to enjoy their wealth in countries where it’s possible to lead a healthier life than in China, which often resembles one giant factory, with the stench and dust to match.”
Interesting…But what about “legendary investor” Jim Rogers hauling his kids off to China to grow up and be educated there?
Candace,
“What is it that you want? What is the point of your comments?”
Does somebody always have to “want” something? I was simply making an observation with my comments.
Glennjeff,
“about one half of the old sites commentariat response”
Maybe it’s just me, but when I look at a chart that shows a 50% decrease in anything, it usually gets my attention.
“Considering that we are now free of the frequentl drive by attacks of trolls, noting that a couple of frequent posters such as p01 and IMNobody threw up there hands and quit whilst the site was still on blogger”
The trolls attacks were usually “removed” fropm the comments…and as far as P01 & IMN go, people quit blogs all the time – why would TAE be any different?
LG – interesting article.
Salbuchi writes:
“Greece today should do what Argentina did a decade ago: better to endure pain and hardship, and sort out the mess made by your politicians in connivance with international bankers on your own, wielding whatever shred of sovereignty you still have left than allowing the Banker Vultures sitting in Frankfurt, New York and London decide your future.”
And before that, he wrote this:
“today we find that Greece too has a Trilateral Commission Rockefeller/Rothschild man at the helm: Lucas Papademos who is doing the same things Argentina did in 2001/2”
What has to happen in Greece for them to be able to “do what Argentina did a decade ago”?
https://www.zerohedge.com/news/oil-wont-stop-until-economy-breaks
Oil & the Economy…..thoughts?
Jt,
Sounds good…but analytically speaking, the frequency of comments has taken a Wylie Coyote nosedive here. Really, this should be very obvious to anyone but the extremely reality impaired. Why? Not sure. But I work in “analytic” software and I’ll just say it was an untested and dramatic “transition”.
this indicates chinese officials are not concerned with inflation. .2% price decrease for 4 months is not alarming. so they are “relaxing property tightening measures”? looks like abrupt policy reversal to me.
“Relaxing it’s tightening policy”…nice. Looks to me like the chinese officials are not not that worried about inflation…after all, we’re only talkin about .02 pct a month decline in price for 4 months…and they reverse policy?
I thought most trading was dark pool trading these days. I don’t think this is reflected in the chart.
OT – not important, but i thought the trend in the stock market was odd between the last hour of trading and “after hours”. ramp in the last 30 mins and then an after hours sell off…but no big market news to cause this? and i think volatility is low? so it looks to me like the “smart money” is selling off in the after hours and the sucker mutual funds are doing their usual buyng in the late afternoon. I always liked LG’s slant on stuff like this. BTW – i changed my “name” from Joe_in_NC to JoeP for giggles.
