Financial Markets

Random musings on global financial markets, technology, physics and geopolitics

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China cements role as top creditor to US: Treasury

March 19th, 2009 · No Comments · Geopolitics, Markets

The USA owes China $740B and the USA continues to beg China ad Japan buy more bonds in the next several years while we spend like a profligate drunkard.   Like Chavez (cash has run out), who is telling creditors that he will give them useless paper (like we do bonds) or turn on the […]

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Unions should butt out . . .

April 10th, 2008 · No Comments · Markets

Unions know they are steadily becoming extinct in the USA . . .  they were needed a century ago  . .  much less so today. In a powerplay to organise another group of workers, the Service Employees International Union(SEIU), with their puppet Assemblyman Albert Torrico(D-Newark, CA) bumped up against Calpers, CalSTRS and Gov Arnold Schwarzenegger  . […]

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