Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1373677 Comments:2390
Post Fri Jun 01, 2012 8:48 am by mcgowanjm Re: 2012 Bilderberger Meeting
Post Fri Jun 01, 2012 8:48 am by mcgowanjm The problem with being rich and powerful is that you become disconnected from reality.
No one is there(see Jeff Zuckerberg for details) to tell you different. Yes men is all you see.
You don't know your policies have failed until the guards are no longer at their posts. And then it's too late.
The enemy is at the gates.....The Non Linear is at hand.....
The market was anxious going in to the NFP print but once the dismal data point hit, things deteriorated rapidly.
Being “in” produces pleasurable effects in our brains, and being “out” produces real, physical pain. Further, our brains have evolved to make us want to seek status in our tribes, and to prefer immediate gratification over distant, theoretical considerations that might limit our consumption. (For an excellent, evergreen essay on this subject, see Nate Hagens’ post on The Oil Drum, “Fleeing Vesuvius.”)
The mere threat of being on the outs with one’s tribe can be enough to make us avoid thinking independently and rationally about issues like peak oil and climate change.
However, De Guindos has stated that the IMF's stress test provides a hypothetical decline in GDP of 4% this year and 2% for next year, prospects "unreal," said.
"The report goes on to say that 70% of Spanish banks can overcome the situation without capital," he underlined Guindos, in an attempt to instill confidence in the situation of Spanish banks.
Anyone who thinks Spain's banks other than Bankia are "perfectly healthy" is a liar or insane.
