Five Posts in One Short Blog
December 11, 2009
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Many people post blog after blog, but I've decided to reverse that trend by posting multiple blogs into one short blog - yet retaining every bit of information. Impossible you say, I say let the free market prove you wrong!
(First notice how the headlines are linked directly to the article - by removing the "Click this link" text, I've completely revolutionized blogging from this day forward.)
Headline 1) Moody's sees no threat to U.S. top rating for now
Synopsis: Of course Moody's sees no threat to the US rating - we can REGULATE them! What are they going to do, downgrade us, make politicians mad and go down the road to regulation hell? Highly doubtful.
Headline 2)OIL FUTURES: Crude Dips Below $70/Bbl On Oversupply Worries
Synopsis: Oil has been dropping since October. The economy can't be moving forward if energy consumption isn't increasing.
Headline 3) November retail sales rise more than expected
Synopsis: After removing cars and petroleum prices, sales increased by .8%. Not bad, but add in that in the same period, import prices were up 1.7%, it's hard to say that sales increase - rather prices increased and sales declined slightly.
Headline 4) China recovery gathers pace as export slump eases
Synopsis: In a world of diminished expectations, this sentence says it all (emphasis added) "The trade figures for November were the best in a year with exports falling just 1.2 percent from the same month of 2008."
Headline 5) EU calls for global financial levy
Synopsis: Politicians believe by increasing taxes on bonuses they will bring pay into alignment and curtail some of the risk financial companies take. So let's get this straight - if Banker X kept 85,000 of his 125,000 bonus last year, he will have to get a bonus of 170,000 if his tax rate is going up to 50%. And this will make bankers LESS likely to take risks? I suggest the exact OPPOSITE happens, and bankers maker riskier investments to maintain their pay.
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