#1
Yep, the market is "Toast". Last depression people made money and their family names are well known to this day. The next fix doesn't matter to them. This downward trend is how people make lots of money. The fear and panic are driving this and governments can't manage that. This is a global economy so no country is immune.
#5
The problem is that most people will lose allot of their investments. This is within 12 months. The dollar goes up so exports will drop, tourism and gold and precious medals will drop. Remember that University that loaded up on Gold. I'd bet they are very nervous at this time. The insiders have made their move. Like he said it's about making money. The market will drop again shortly but most will stay put or buy in. The smart money will sell near next opportunity. Buy low sell high but don't lose money. Constant movement. Buffett just did a buy on his own stock. I'd bet you he did it so others would buy in to drive the value up(yes it does have value anyway). So if it drops he will sell rather than lose money. They can react much faster than most. "Truthful", in my opinion yes he is. The body language and sincerity shows. Among other things.
"We've carried out detailed investigations and can't find any evidence to suggest that the interview with Alessio Rastani was a hoax. He is an independent market trader and one of a range of voices we've had on air to talk about the recession."
#7
More from the Telegraph: How a man who has never been authorised by the Financial Services Authority and has no discernible history working for a City institution ended up being interviewed by the BBC remains a mystery. The BBC declined to comment on what checks, if any, it had done prior to the interview.
Mr Rastani was a little more forthcoming.
"They approached me," he told The Telegraph. "I'm an attention seeker. That is the main reason I speak. That is the reason I agreed to go on the BBC. Trading is a like a hobby. It is not a business. I am a talker. I talk a lot. I love the whole idea of public speaking."
So he's more of a talker than a trader. A man who doesn't own the house he lives in, but can sum up the financial crisis in just three minutes a knack that escapes many financial commentators.
"I agreed to go on because I'm attention seeker," he said on Tuesday. "But I meant every word I said."
#8
Last I looked BBC stands by the man. I wondered what price he might pay for saying what so many have been saying. He is a good talker. He talks too much perhaps. The smear reminds me of political dirty tricks. Time will tell the truth of it.
#9
Meanwhile, IIRC CNBC > SMITH-BARNEY = believes that the US may be able to just barely avoid going into a full-blown SECOND RECESSION [double-dip], at least thru EOY 2011 - early Jan 2012???
#1
Well, we're withdrawing troops from Iraq and Afghanistan because the 'problem' has been 'fixed', it's time to pull the plug on this operation too before it metastasizes more of the budget.
#2
Why does everything grow way out of proportion and cost a huge amount of money once it gets to Washington? The metastasis has already occurred and the patient is dying.
[Dawn] IN deconstructing the debate on the irrationality of anti-Americanism in the Arab world we can turn to statistics. Opinion polls conducted by Zogby International polls in 2002 and mid-2004 in Soddy Arabia, Egypt, Jordan, Leb, Morocco and the UAE sampled the population on a favourable/unfavourable basis.
In 2002, 76 per cent of polled Egyptians had negative perceptions of the US, compared with 98 per cent in 2004; 61 per cent of Moroccans saw the US unfavourably in 2002 and 88 per cent in 2004. The Saudi response increased from 87 per cent in 2002 to 94 per cent in June. Neutral attitudes were observable in Leb and improved ones in the UAE.
The main bone of contention was US foreign policy. The Pew Research Centre's June 2006 report identified three negative westerner stereotypes; selfishness, violence and greed. This view was held by 70 per cent of the polled Middle Easterners.
Amongst the few positive stereotypes elicited, the main ones were devoutness and respect for women.
In Jordan 61 per cent, in Pakistain 27 per cent and in Turkey 16 per cent of those polled held favourable views of Christians, and one, six and 15 per cent respectively of Jews.
Opinion polls demonstrate that many Arab Mohammedans identify with the Paleostine issue with over 50 per cent respondents saying it is 'extremely important' in shaping their worldviews about the US.
The US-Israel nexus has arguably been the major cause of anti-American sentiment. US support for Israel has long generated resentment against US policies in the region. An overwhelming majority of Jordanians, Paleostinians and Moroccans agree, as well as most Europeans and even a plurality of those polled in Israel. The voice of dissent comes from the Americans, where 47 per cent sees US policies in the region as fair -- a case of the US vs the rest.
This 'support' is not ephemeral; for Israel which has contravened numerous UN Security Council resolutions American help is nothing less than generous. Israel receives almost $3bn yearly in military and civilian aid from Washington, which is the largest grant by the US to any country. This is equivalent to some $500 on a per-capita basis and much more than the total GNP per capita of many African countries collectively. Out of 59 unilateral vetoes cast by the US at the UN during the period 1972 to 2006, 41 were linked to averting criticism against Israel or to attempts to dissuade Israel from consolidating its occupation of disputed Arab territories.
Meanwhile, ...back at the pound, Zebulon finally found just the friend he'd been looking for... a Pew 2003 Global Attitudes Project Survey found a majority of French, Germans and Spaniards and a plurality of Italians and Britons to be of the view that US policy was unfairly tilted towards Israel, notwithstanding the fact that a vast majority of Europeans express support for the right of Israel to exist.
More recent surveys have revealed a strong dislike for US foreign policy but much more nuanced and often positive attitudes towards American society and culture. The 2002 Zogby poll comments that men and women in different age groups have favourable opinions about US education, freedom and democracy while hardly any respondents have a favourable attitude towards US policy.
Academic Ussama Makdisi argues that anti-Americanism is a recent phenomenon fuelled by American foreign policy, not an epochal confrontation of civilisations. While there are certainly those in both America and the Arab world who believe in a clash of civilisations and who invest politically in such beliefs, history belies their thoughts.
It is also significant that the only common ground Middle Eastern communities share is anti-Americanism; significantly; it is perhaps the only agenda Islamists share with the common masses in a region where many Islamist movements are disliked by the ordinary man and have often been ruthlessly suppressed by governments. Anti-Americanism is perhaps the only thing that brings together Iran, Syria, Hezbullies, Hamas, always the voice of sweet reason, and ordinary citizens of differing political views.
As for the proposition that Arab anti-Americanism is a blind hatred for everything American, political scientist Marc Lynch has argued that it has not yet reached an absolute level of bias, since it is still responsive to new information and tends to fluctuate based on perceptions of the US, which in turn fluctuate with American policies. Another academic Chiozza backs this assertion by arguing that biased evaluations of the US are the exception rather than the norm. Focusing on La Belle France, scholar Meunier maintains that French anti-Americanism is still largely malleable in response to American policy; Lynch's studies about the Arab strain also demonstrate the same.
Mohammad Khouri, an Egyptian scholar, argues that the rising anti-Americanism is driven almost exclusively by cumulative anger with the substance and style of American foreign policy in the area, and not by opposition to basic American values of freedom, democracy, equality and tolerance.
Samer Shehata from Harvard University postulates that anti-Americanism is not primarily about American culture or values
but the way the US conducts itself in the region and the world. He adds that Arab perceptions of America have become more negative as a result of the US war on Iraq, Washington's almost total support for prime minister Ariel Sharon (in a vegetative state for several years now) and the enactment of new policies directed at Arab and Mohammedan immigrants and visitors to the US.
A number of old and new grievances have added up to a perceived image of the US as an implacable foe of Arab illusory sovereignty and rights.
Thus, Arab hostility should be seen primarily in the context of specific US policies, not American culture, since the US is still a style icon for the Middle East. The US still attracts a large number of Arab immigrants and American culture still exerts its all-pervasive influence through Hollywood and the music industry. Cultural dissonance is not a major cause of the divide. It is based not on who Americans are perceived to be but on what they are perceived to do.
Posted by: Fred ||
09/27/2011 00:00 ||
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#1
Radical Islam says it more bluntly + wid less Media, PC fanfare ....
To wit,
* MEMRI.ORG > TALIBAN VIDEO: THE CALIPHATE WILL BE ESTABLISHED SOON IN PALESTINE, LEBANON, SOMALIA, CHECHNYA + ELSEWHERE IN THE ISLAMIC WORLD.
* SAME > IN "ID AL-FITR" VIDEO, AL-SHABAAB CALLS TO KILL THE INFIDELS EVERYWHERE.
#2
JM you did it again. " Radical Islam says it more bluntly + wid less Media, PC fanfare ....". Then "US still attracts a large number of Arab immigrants". I wonder why?. You could do the same poll in Africa, China, France, or Russia. The results in my opinion would be similar. I don't like Zogby polls. I have taken them myself. They push you into limited guided answers.
#6
The story of too many third worlders is their homeland is a nightmare. From a cultural standpoint the things they do promote poverty. They come to the US to escape that nightmare and then create a fantasy memory of the place and try to change their new home into that nightmare.
I'm not sure if it happened as much in the past when we more or less demanded integration but it seems to happen in the Latino and Arab communities fairly regularly.
#7
So much for winning the hearts and minds and being loved across the planet. #@%* it. At the same time we have lost much good will with Israel. Good job BO.
I recall sitting in a restaurant next to a table of California expats who were whining at great length about how stupid their newly adopted state and it's residents were compared to California & Californians. I exercised EXTREME restraint and did not comment on their views.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
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Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
IN deconstructing the debate on the irrationality of anti-Americanism in the Arab world we can turn to statistics. Opinion polls conducted by Zogby International polls in 2002 and mid-2004 in 
