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Monday, October 26, 2009

What's been happening?

Nothing much but allot of the same thing.

Iran is "hiding" nukes. What else is new?

Banks are facing more pressure, and persons like George Soros want more regulation. Also, persons like Mervyn King of the Bank of England, wants to cut banker pay. Good luck with that, King.

I am of the opinion that if someone wants to pay you for a job and pay you well, you should be paid.

How should regulation look going forward for the financial services sector, however? There has been more talk than actual doing. The average voter has turned their station off of the talk about banking regulations and, if I may say so, they have forgotten about what was at the root of the crisis. Same old same old!

What about growth moving forward? Well, to me, it's growth for who? Seems as if Asia has gotten off of the first start if they were ever really that bad off. The tousism sector in Asia was hardest hit, due to the lack of travel due to the loss or the fear of loss of jobs. The manufacturing sector was also hit, because orders went down as sales dwindled-- it has picked up to some extent, but are there orders to the western European and North American countries, is another mix of confusion that we don't have the answers to.

I don't know why information, critical information is so hidden from investors and the public.

The IMF has forecasted and has tracked which economies are growing. However, they are not so rosy about Europe and North America. Reports have it that Germany and France have gotten back on track....but, we will have to wait and see if it is sustained.

Also, how they have gotten on track is yet another mystery. Manufacturing in Germany is at the lead, but still no idea as to where the orders are placed. The rest of the Euro-zone is still depressed. France was never as hard hit....French Exceptionalism? Perhaps!
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