bail out
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1/13/10 Midday Report: Google threatens to pull out of China, claims “not properly protected,” but does offer to finish on China’s back
With macro news today apparently scarcer than free speech in Chinese search engines or free standing buildings in Haiti (too soon?), the big news moving the market is Google’s threat to leave China after China left the toilet seat up one too many times and refused to take out the trash. Google’s panties are currently…
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1/12/10 Midday Report: China trying to cool economy, hires Justin Timberlake to dole out stimulus funds
The big macro news today is that China raised the reserve ratio that banks need to hold aside as deposits, signalling that China’s central bank is starting to become acutely aware of inflation concerns (whereas the world is starting to become acutely aware of Christina Hendricks‘ “concerns”). Given that China is going to spend roughly…
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12/31/09 Midday Report: Let the New Year’s party begin (Except for the 10% of you unemployed)
2009 finally ends tonight and what a year it has been. The market sunk to a low of 666 before being exorcised by a low quality rally and a bottle of jesus juice, the US goverment bailed out the financial system and printed enough money to make Bill Gates seem like a pauper, unemployment spiked…