Posts Tagged ‘ethanol’

Notes From Underground: The World Awaits the State of the Union but it is Sarkozy in Search of A Balcony

January 24, 2011

First and foremost: My thoughts and prayers go out to  the Russian people as the nihilistic elements of global terrorism crafted its senseless actions on the Moscow Airport. It is not my bullish view on Russia that provokes my thoughts, but rather the ugliness of NIHILISM. Random terrorist acts are to be opposed wherever and whenever they raise its spectre of wanton destructiveness. The Russians will of course respond with a heavy hand for Putin et al care very little about public relations. Brutality will beget brutality. Political expediency will trump all rationality for  neither Medvedev nor Putin will want to be perceived as weak in the eyes of a resurgent nationalistic populace.

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Notes From Underground: G-20 is History

November 15, 2010

The G-20 is history and so should be the U.S. Treasury Secretary. It seems that the U.S. was the whipping boy of the new and improved world conclave. It was George W. Bush who set the wheels in motion by granting so much HOPE to the G-20 and the U.S. has been unable to accomplish almost nothing at this forum. So much hyperbole goes into the media guide and so little tangible comes out.

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Notes From Underground [REPOST]: G-20 was in Korea looking for its Soul

November 11, 2010

The statements coming from  G-20 central bank chiefs and finance ministers in South Korea tried to calm the markets nervousness about currency wars. Brazilian Finance Minister Guido Mantega didn’t attend as a form of mild protest to what he  felt was previous inconsistencies between words and actions. The U.S. had put forth a proposal that was leaked to the media ahead of formal proceeding for some numerical target on current account surpluses and deficits. In the final communique no formal targets were established.

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Notes From Underground: G-20 was in Korea looking for its Soul

October 24, 2010

The statements coming from  G-20 central bank chiefs and finance ministers in South Korea tried to calm the markets nervousness about currency wars. Brazilian Finance Minister Guido Mantega didn’t attend as a form of mild protest to what he  felt was previous inconsistencies between words and actions. The U.S. had put forth a proposal that was leaked to the media ahead of formal proceeding for some numerical target on current account surpluses and deficits. In the final communique no formal targets were established.

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Notes From Underground: Tomorrow the FOMC–extended period expected to stay

June 22, 2010

The FOMC statement will be released Wednesday and it will reinforce the discussion about the uncertainty of deflation/inflation. Bernanke and his fellow output gappers will stay the course as long as unemployment stays too high to comfort the Washington politicos. As we head into the Toronto G-7 and G-20 photo ops this weekend, the FED will not wish to create any type of uncertainty into what will prove to be a raucous weekend.

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Notes From Underground: The Long March toward Yuan appreciation–Schumer, Levin, Graham vs. the G-20

June 17, 2010

As we head into next weekends G-20 meeting, the swords of reprisal are being sharpened by the wagging tongues of political expediency. Sander Levin, chairman of the House Ways and Means Committee, is threatening that Congress will move to punish the Chinese for their recalcitrant behavior toward the rebalancing of the global financial and economic system if the Obama administration fails to get China to revalue the YUAN.

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