Is the Future Rhyming with the Past once again?

Back in the 1990’s many will remember the glory days of the NASDAQ. Computers were basically new, and everywhere you turned someone was starting a company, and then selling out for a gazillion dollars. It was a great time for many, and there were great advances. But then came the companies that “seemed like” they were the next big thing. We saw a plethora of companies that were getting money thrown at them hand over fist just because they had a great domain name. (remember A great sounding name was the key because if you had the catch phrase, easy to remember .com spelling, and a memorable mascot or icon, well success was then guaranteed right? Business model be damned. Don’t worry about that. This is a new era, and demands “New” thinking. All that other “business” stuff will work its way out over time. And shortly after that we all remember what happened, don’t we?

We once again might be looking at history repeating, or shall I say rhyming? I don’t know if I’m correct, but my observations of a few critical factors are telling me there is something very, very, very important to watch coming up.

LinkedIn will be offering its IPO to the general public Thursday. It will be greeted by all the press with great fanfare. However, there are a few keys that may demonstrate the fallacy in the valuations for not only LinkedIn, but the whole social media company genre. Valuations for these companies are based on linear extractions of the prices paid by the so-called “Smart Money” who invest first, and is not open to the general public. The IPO is not based on the business model, but more on what the smart money thinks you will pay. So far, they have raised the price up, and increased the offering because they believe people will be clamoring to get in. What if it doesn’t go as well as thought? What are the implications? Here’s where it could get a little tricky just like the 90’s. Why? All the “Big Boy’s” are right behind it like Facebook just to name the obvious. Currently Facebook is said to be worth gazillions of dollars. But again, those valuations are based on what someone “thinks” its worth. Not what people have actually purchased in shares. And just like in real business, it only matters what someone will pay, and that the check clears. All else is irrelevant.

Remember General Motors IPO? That went off with great fanfare. It was said to be worth so much more than they were going to let you the general public get in on. They set what was heralded as such a fantastic buying opportunity that if you didn’t get in now, you would never get a chance again because people were lining up to buy. Well they did buy…and then they sold, and they’re still selling. You can today buy GM shares as of this writing at a 10% discount than the price they said you might never see again. There just might be more truth in their statement than at first blush.

If LinkedIn goes well, they’ll be partying to be had like it’s 1999. If it goes badly, it will be tears around, just like 1999.


© 2011 Mark St.Cyr  All Rights Reserved

What the “King’s Speech” should mean to You

Movies can be entertaining of course. But there are times although not by intention, they can shine a light on subject matter that bears reflection.

In the movie the King’s Speech, the dynamics between the main characters  (the King, and his speech therapist) reflects an underlying state of contention in the real world that one side (because of title) is an embodiment of superiority, while the other who has demonstrated talents is regarded as inferior because they lack some moniker of worthless alphabet soup following their name. Let me be clear before some of you with degrees starting yelling at your screens. There are times when actual legal attributes are necessary. If you’re a doctor than yes. However, if you’re the “Love Doctor” you can’t (nor is it legal) use the title of Dr. preceding your name unless you have the requisite degrees, and licenses. This of course goes for lawyers, and others that society has required must pass a degree of proven competence with testing, and certifications before interacting with the general public as to protect that same public. If you’re a doctor, lawyer, or architect just to name a few, and I can either go to jail, get crushed in a building, or die by your advice, you can bet I not only want, but will demand to see your credentials. However, most get caught up in “looking like” they are something they’re not, rather than demonstrating what they are, or what they can do to solve a clients problem. Joining some organization (or paying for most) for the sole intention of adding letters to your title so you may appear smart is just plain dumb in my book.

In the movie there is a dramatic scene. There is a confrontation between the King, his therapist, and the Bishop. This analogous scene plays out in more boardrooms than one can count. It’s also where most who have been in the position of the therapist fold like a cheap suit. Why? Because they invest more time in how their business card appears, or how important their title sounds rather than demonstrating what they can actually do to help a client. This is nothing more than an inferiority complex for most acronym seekers. It also cuts the other way for clients seeking results. Many think just because there is some alphabet soup after the person’s name they are competent. And if not, and are later called out for not hiring someone of “caliber” by their peers, they’ll  have what they believe to be some form of defense for their decision. Both situations come from the same convoluted weighting on the importance of monikers, or worthless attributes. In the real world today, yesterday, and tomorrow only one thing has merit, Results!

You must be ready to argue your value proposition to the client. And that proposition must be something that is deliverable, or transferable. Not some pie in the sky no matter what happens you can spin it as a job well done, and collect a check. You should be ready to defend your dignity, reputation, and repute to any mudslinging or any self anointed elite no matter where you are, and more importantly no matter who they are. It is irrelevant that someone holds a Ph.D. in astrophysics, and you may have never graduated high school. If the subject is about selling, and you’re a skilled and competent salesperson with a track record, the smartest person in that room will be You! And you had better get rid of the inferiority complex that allows you to be intimidated if the Ph.D. crowd at the board meeting start demeaning your lack of schooling. You need to argue your value, and demonstrate your skills, or decide that you’re wasting your breath, and politely end the meeting, and leave. If you don’t see yourself as a peer, and an expert in your own field, just as capable, just as competent to argue the good, the bad, and the ugly in your chosen vocation, then no amount of letters after your name will make a damn bit of difference.


© 2011 Mark St.Cyr All Rights Reserved

The Unthinkable?

Here we are one year later almost to the day from the proverbial “Flash Crash” that rocked Wall St., and its beginning to look very similar today.

I wrote back then the “Flash Crash” was far more sinister in nature than what was being touted across the financial networks. If you can’t remember that day, the audio in my article should help remind you why I stress my points to anyone who asks. One of the points I stressed was, if it was a so-called “mistake,” why wasn’t anyone buying at what would now be considered discount prices? If anyone remembers back to that time (1 year ago) the stock market was trading LOWER than the lowest point of that down spike. Many were worried of another leg down after we just seemingly recovered from the abyss. But have no fear…Mr. Bernake is here! That was when Bubblicious Ben gave his now infamous “Jackson Hole Speech” stating he was going to buy $600 BILLION worth of bonds (that’s paying 1 credit card with another, but that’s for another column) and we were once again off to the races.  So Ladies and Gentlemen, place all your bets on Benny’s number one horse “Leverage.” He’s the one sporting the red white, and blue silks! It sure has looked like Benny bred a winner over the past year, but he’s now looking quite frail.

Back then I had also been stating that the Euro Zone was in the beginning stages of disrepair. I felt, and argued that it was only a matter of time before the Euro fell apart. People called me crazy, I was told by some in the financial world that I had no idea of what I was talking about, and used the last 12 months trying to pound my thoughts into submission. Just for the record, 12 months to the day the UK Guardian reports, “Euro plunges after reports Greece could leave currency.”  Will it happen? Who knows, but were you one of the ones saying never? Or did you just figure the so-called “Smart Crowd” would know first, and alert you.

The stock market as I said earlier has been running a race that even Secretariat would wince at. But its seemingly more like groundhog day than a derby. And once again nobody thinks the unthinkable could ever happen again. I wrote earlier in a column titled “Bubblicious Bernake” just what was taking place, and the consequences of such manipulations. Well in what seems like again almost on cue of the anniversary, warning signs are to be seen by all who care to look. And there are no clearer details expressed of what may happen than in the silver markets this past week. Welcome to the wonderful world of “Margin.” (also known as Leverage) The exact same process that caused the plunge on Wall St. in 2008 is taking place in the commodity markets. This genius of chasing higher, and higher yielding “investments” backed by leverage are once again front and center because everyone, and I mean everyone thinks that was in the past, and it couldn’t, or wouldn’t possibly happen again because that’s what the “Smart Crowd” has been saying. How’s that working out with today’s news?

If one truly stops to think (fewer, and fewer can actually critically think these days) how can one reconcile the data from the releases of Government statistics that are touted across all the major news outlets, and financial channels with the reverence as if they’re quoting the Rosetta Stone. GDP as just one example was supposed to be 3.5 to 4%, and some were stating even higher numbers. It came in under 1.8%. Folks, that’s less than half! Oh, and by the way, these same brainiac’s are stating we’re going to make up for the loss in the next quarter. Welcome to the “Smart Crowd” is all I can say.

The real problem that underlies this dilemma is the fact we’ve already maxed out the proverbial credit cards. This is where things begin to look very dicey everywhere one looks, If you’ll look!

Consumer spending once again is being reported as “Great News” because it’s showing an increase. But a while back when the Government Data reported a drop in outstanding consumer debt they were touting then it was “Great News” because consumers were getting their households in order by paying off debt. What they weren’t telling was the drop came not because people paid off, but that banks wrote off 93% of the amount reported as “Noncollectable.” That’s not the same as paid off in any common sense language. If you owe me a dollar, and don’t pay me back, and I chalk it up as “I’ll never loan you a dime again!” the Government will tout that as you being more fiscally responsible. (Yep, I would re-read that line myself.)

If we are now in the beginnings of a back swing from the proverbial pendulum, I feel most will be taken off guard far worse than before. The problem with a pendulum is not that it swings. It’s that once you’ve been hit, it’s not the first strike that will get you, it’s forgetting there’s inevitably another swing to come, and you had better be ready to duck.

And yes, I wrote about that possibility also when everyone said there is no pendulum.


© 2011 Mark St.Cyr All Rights Reserved

In case you’re wondering what I think….

“Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, to assure the survival and the success of liberty. This much we pledge — and more.”

                                   John F. Kennedy (Inaugural address 1960)

Nothing more needs to be said. God Bless America!


© 2011 Mark St.Cyr   All Rights Reserved

(on the announcement that Osama Bin Laden was dead May 1, 2011)

Reality vs Bizarro World…or Down the Rabbit Hole

I once thought that people in positions of power, and influence were there because they just might be smart. Boy was I ever wrong. (Please forward all emails to the Easter Bunny if I offend anyone in my analysis. This article is for thinking adults only.)

Many of you that have followed my commentary on the stock market know that I have been calling for what seems like ages dire warnings that have not materialized. Some have scoffed at my clarion calls, and that’s fine. But like I’ve said over, and over again, you can’t find fault in my thesis. My timing is all that seems to be incorrect. The longer this charade goes on, the harder the fall into the rabbits hole will be. Let’s look a little deeper into this shall we?

As I stated back in 2009, and have repeated many times, all you need to know is, “Dollar down…Market up.” As of today the Dow Jones Industrial Average hit its highest level in over 3 years since the calamity in 2008. Guess what? The US Dollar just hit its lowest level in the same 3 years. Who’da thunk it? If your counter point is “but look at earnings?” Sure, however they are based on a corollary of the US Dollar weakness in world export markets, and productivity gains. In simple terms, cheap prices for our goods  compared to other countries, and getting rid of as many human workers as possible. And how is this all being accomplished? Your friendly Government, and Central Bank.

Back in August of last year I was warning that if you looked objectively into the data that companies were in serious trouble. All the programs that were enacted through various Government agencies were at a point of causing more harm than good if they continued in their present forms. e.g.: TALF, TARP, QE1, and so forth. One could make the case for their implementation, and I grant that arguments validity. What I don’t waiver on is the damage that could result from keeping these rogue market forces in place. And this my friends is being proved everyday, and is now clearly quantifiable.

In May thru August of 2010 the markets had begun to show just how vulnerable they were. As the talking heads on TV were touting that a market correction was well within reason because of the meteoric rise from the recent lows caused by the near Great Depression fall we experienced. It seemed however the powers that be didn’t agree with the so-called “Smart Crowd.” So scared, and feeling like he must have been looking into the gullet of a fire-breathing monster, the now famed “Helicopter Ben” (Fed.Chairman Ben Bernake) pulled from his scabbard not a sword, but a fire extinguishing water cannon costing $600 BILLION. Since that moment also commonly referred to as “The Jackson Hole Speech” it has been another rocket ship ride to where we are now. For the US Dollar? Well let’s just say from Benny’s helicopter the dollar wasn’t given any parachutes. It was just shown the door with the words emblazoned above, “Jump…or Else” Some would call that a double negative. But I guess we should be happy we were given a choice, right? Sure….Let’s move on shall we?

Yesterday the President announced he’s forming a commission to look into whether or not the oil markets are being manipulated. ( Warning save the emails or forward them to the Easter Bunny, this is about reality, not political sides. I don’t care who has the job.) This is just about as laughable as the statement ” We’re losing money, but we’re making it up on volume!” I mean, is there no longer reality based thinking on the planet Earth? Let’s hit a few bullet points shall we, just for chuckles.

  • Close down oil drilling in US Gulf.
  • Issue no new Oil drilling permits for months.
  • Increase regulatory requirements so punitive US companies detract from drilling or new exploration.
  • Middle East uprising topples 2 of the longest standing regimes in oil-producing countries, and threatens to spread to worlds largest.
  • US enters into its 3rd ongoing armed conflict in middle east.
  • China declares its pulling any and all oil exports from world market, and will be 100% importer only, as to satisfy its increasing needs.
  • OPEC announces not only will they not produce more, but they are cutting production.
  • Oil is traded in US Dollars globally. The more the dollar falls, the more dollars it takes to buy a barrel.
  • How much further do you want me to go? This is just scratching the surface.

Mr. Bernake since August has poured $600 Billion dollars onto the markets that has the leverage power at minimum of 10 to 1. There are numbers floated that some of the dealers that are privy to this free money are leveraging at 20 times, and higher. Just to give you an idea of the money we’re talking, that’s anywhere from 6 to 12 TRILLION DOLLARS! Remember, leverage is a bad thing we were told in all the hearings, but I guess it’s “Good News” if privy players are doing it. They’re wicked smart you know. Even though they’re the same crowd that leveraged everything up the last time. I’ll bet they’re really cautious now seeing its your tax dollars, and not their money, I mean c’mon, they must have learned something, right?

Here’s something I wrote back when this craziness all started. I feel it’s more relevant today that ever…

“Markets right themselves with pain… That’s Capitalism.

Back room manipulation to avoid pain only increases the severity of the pain to be felt down the road.”

I feel this bunny has dug himself one heck of a rabbit hole.


© 2011 Mark St.Cyr   All Rights Reserved

Fine Print, Bold Print, seems Nobody Reads Either

It seems you can’t look at an ad on TV or some advertisement anywhere without the proverbial “fine print.” But honestly, does anyone really care? No matter what you write, no matter how detailed you structure the information, people don’t care. You the company might care. You that hired the legal team to make sure you crossed every t, and dotted every i might care. But as far as your customer, the consumer of your goods. Forgetaboutit! It’s going to be sue first, maybe read it later. That’s what the lawyers are there for, regardless of how seemingly explicit you were in your cautioning.

If you’ve watched television of late, you can’t go 5 minutes without some drug company commercial telling you the wonderful benefits of their so-called miracle cure, followed by just as much time dedicated to listing all the hazards. If you listen they basically state, you can DIE, Grow Arms on the bottom of your feet, or something akin to contracting 22 other ailments by curing the one you’ve got! All this while butterflies, and smiling faces of happy people abound on the screen. Is that really all it takes these days to distract the American public? Maybe we really are in trouble.

Years back you were always warned “Beware of the fine print!” But that seems to no longer matter for any transaction. Is it because we’ve become desensitized to the warnings, the labels, the statements? Or is it because we don’t care, and assume we now have the equivalent of a lottery ticket? No matter what the labeling, if something goes wrong, we’re getting the lawyer. If we spill something hot on ourselves it’s because I wasn’t warned hot means HOT! If we decide we don’t want the cautions to apply to us, then we will just ignore them. But if our self-induced ignorance results in the injuring of ourselves then we’ll claim “Where was the warning saying, not to ignore the warning?” Sounds crazy right? Think about it a  little more is all I can say.

Oh, by the way…“The views expressed by the author, are possibly not the actual authors unless they deem to have merit. If the have no merit, and fail to show any true thought process, than the views were from someone else that we may or may not know. If reading this copy results in making you look good, or look bad. Only contact us if you want to send a check. Not responsible for any strange growths, thoughts, or anything else that can be attributed on the planet Earth. All interstellar warnings also apply. See store for details. One per customer. Other conditions, and rules may apply. See Enclosed disclaimers!


© 2011 Mark St.Cyr  All Rights Reserved

Getting Nickel and Dimed to Death for Free!

Free is the word of the day. Free is what everyone seems to expect. “I would like that yes, however, only if it’s free!” or, “I have to pay for that? That should be free!” And on, and on it goes picking up steam in every transaction, every inquiry, and yes, every sales ploy. Personally, the more I hear the word “free” the more convinced I’ve become many businesses no longer have a real value proposition to offer. But wait…There’s more!

Now that customers have seemingly bludgeoned retailers, or any other enterprise with the expectations of “free.” A new, and wonderful old tactic is coming back with fervor. No problem, you wanted all those things for free? Great! Now be prepared to get nickel, and dimed to death! Ah, that’s the ticket right? I don’t think so…

Let’s be honest, free as a real promotional tool can be useful. But it has to be used when free is really an extra, a cherry on the sundae, a way of giving something of true value because of special pricing, or whatever the reason. A deal that only you can provide because others are not be able to. Something that makes a real differentiation in your offering. Not the tired, worn out, “Buy 3 tires, get the 4th Free!” ( yes, pun intended.) But now you’ll charge me $5.95 per tire stem cap to make up for any so-called discount received in the “free.”

Recently my wife and I enjoyed a wonderful weekend at a hotel/casino complex. This is where “Free” is the word of currency. Free this, free that is all you’ll hear. But when we were in our rooms, use the telephone for a local call, better get out the safe deposit box, this is gonna cost you. Wi-fi in the room? Free at Starbucks, an arm, and a leg here. Oh wait, you have 2 devices? No problem. It’s just double the price. When I inquired on why I had to pay again for another device even though we are in the same room ( we each had an iTouch, but needed to pay twice for both to work at the same time! ) the reply was, “Sorry Sir, but that’s the way our system works.” Quite a system I said to myself. Sounds more like forced retribution if you ask me. I thought the slots were the bandits. Holy Moly!

This is occurring everywhere you look nowadays. And I don’t think it’s helping either business nor consumer in the end. It’s become a shuck, and jive way of giving perceived value with no value. It doesn’t work. But it seems to be picking up steam. It used to be nickles, and dimes or even at times free to have someone get your luggage. Now if you want to take a piece of luggage, haul, and load it yourself, just so you might have a clean pair of socks. ( because that’s what you do when you travel.) It’s now $50 buckaroo’s, and It looks increasingly like you may need to check that carry-on also. It appears 2 inches too large per the newest criteria change. Oh so sorry you weren’t aware they changed the size last week. It was posted on their “Free” website. You should always check there to make sure you don’t run into a new 2nd bag fee. OUCH!

Well we can at least enjoy the free peanuts I guess. Oh wait, what’s that gonna cost me?


© 2011 Mark St.Cyr  All Rights Reserved

American Exceptionalism…It’s the Cure not the Disease

Sorry folks, I’m getting a little tired of all the bashing, hand wringing, or the self loathing I keep hearing surrounding the American Exceptionalism argument. Hopefully many of you haven’t bought into all this trite the so-called “Ivy leaguers” like to espouse. For me, I’ll take a little more talk, and action from people wearing cowboy boots than the wing tips. Have most people in this country forgot that it wasn’t the suits, and ties that forged into the unknown with nothing more than a horse, a wagon, and yes a gun. If that bothers anyone, save the emails, I could care less. The schoolboy crowd could have never taken root in this new unknown until the people who had the courage to go out and do It…Did It! Only after these pioneers settled themselves in, and actually built the infrastructure that would allow this “genius crowd” to actually attend a school could they then look down their noses at them.

The term “Cowboy” was once revered in the lexicon of American culture, and I would argue throughout the world. As of late it seems more, and more that any pain being suffered by the “book smart” elite is instantly shoveled onto the vapid argument that it’s because American Excepionalism never really existed. The problem to me is, it doesn’t exist for them. This “thing” of  A.E. is not about studying, It’s about doing! You don’t look for the “How to build a better world 1.0 manual” you go out and build it. When you need to chart a new course, and there hasn’t been any maps created yet, you venture out into the unknown and make one. You also don’t wait for permission from any self-appointed know it all to give you some made up hog wash that they have sanctified your endeavor.

I would venture to say that the real crisis facing this nation, and our economy is that we who hold dear the underlying principles that created the Greatest Nation this little planet known as Earth has ever seen, is in trouble because the wing tips have somehow snookered the boot wearing crowd with drivel that we need to consult their approval first. Nothing could be further from reality, and I give here an example that fills this chin rubbing set with a fear scarier than not getting their Tee time at 9.

It’s more than likely if you have an MBA, Ph.D, BS, or any other host of so-called wonderful acronyms after your name, even if it’s held from one of the those “greatest institutes of learning” you will likely be presenting yourself to be hired by some company which was founded by a dropout. Sorry to be the one to inform you, but yes, more than likely that latest and greatest company will be because of a “Cowboy.”

I don’t know about you, but I take great pride donning my cowboy boots. And they have points that can be so useful when the wing tip wearer who just tried displaying his superiority bends over to tie his undone laces.

Hi Ho Silver!



© 2011 Mark St.Cyr All Rights Reserved

The Death March of the Debate Teams

I don’t know about you, but I am getting a little tired of the assaults on reason by what I like to call “The Debate Team.” More, and more these armchair quarterbacks who can do nothing more than verbally contort statements, facts, or data points act as if they are superior because of their verbal jujitsu skills. What they’re superior at doing is doing nothing while allowing themselves at any time to be able to take credit if there is any to be had while skirting blame if things don’t go their way. I have dealt with this adversary all my career, and I bet a lot of you have also. However I have what I believe will be good news to many, but not so much for the debate crowd. Their time has passed.

In good times the debate crowd wins favor everywhere. Unlike most they require the luxury of sitting back watching, and planning so at just the right moment they can intercede with all the fury they can muster into any situation spouting theoretical statements or ideas that are just vague enough to never be wrong, or cloaked with enough superficial hypotheses that if there will be a shred of credit to be had, they’ll get it. It works for a while when everything is rosy, not so much when the wheels are coming of the wagon.

In times of crisis or situations that demands action, the so-called debaters find themselves in very troubled waters. They don’t understand why others no longer look on their verbal skills with reverence. They look like deer in the headlights when asked to be specific. They just don’t understand why their arsenal of very expensive words, and phrases have no effect. Imagine their horror when realizing after marching all that way their weapon of choice is now as useless as a rifle with no bullets. I can’t help but think “Welcome back to the real world.”

The damage this army of mouths inflicts on unsuspecting businesses, and everything else under the sun can be tremendous. However there is a light in the proverbial tunnel. The rise of the DO’er! Yes my friends, your time has once again been placed squarely in front of you if you wish to enlist. Action is the word of the day. Doing, moving, selling, fixing, are what’s going to win this battle. You needn’t wait for marching orders, you create them yourself. The enemy of doing is on the ropes, and you can win back the higher ground by solving, and creating.

Personally, I love the smell of opportunity in the morning!



© 2011 Mark St.Cyr  All Rights Reserved

Impending Perils of Bubblicious Bernake?

Just as your dentist warned you to stay away from those sugary foods. I’ll also contend they more than likely said if there’s only one thing that you can go without, “Stay away from the bubble gum!” This is analogous to the free money being printed by the Federal Reserve. And it has the same consequences for the economy at large as the bubble gum has on ones teeth. Eventually, the pain will come from the degradation, and the expense needed to repair the damage will be frightening.

As I write this article we are now involved in 3 conflicts (we haven’t declared war since WWII even though we put our treasure in harm’s way which to me is unconscionable) the Middle East is basically on fire, riots, protests, bombings, and too many others to list. Sovereign Debt issues such as Portugal, Ireland, Greece, Spain, and others have once again reared their ugly head. US economic data is coming in much lower than the analysts predicted. ( who’d a thunk it!) Japan has experienced one of the worst disasters in their history. Nuclear contamination issues abound, thousands dead, untold suffering in this the worlds 3rd largest economy and number 2 holder of US debt. All this happening at the same time, and that’s only a partial list. So guess what? The stock market is bouncing back up once again flirting with even higher prices! Sorry folks, but somethings wrong with this picture, and anyone with any common sense knows why. It’s called manipulation pure and simple. Its when free money as in the case being supplied by the Federal Reserve for the banks to purchase equities, so that in the words of the Fed. chairman it “produces a wealth effect” All I’ll say is, you had better make sure you have good insurance, because not if, but when the so-called “effect” wears off, there’s going to be quite the doctor bill. And who or how that gets paid is another problem!

Here’s a great comparison of what I call the “manipulation” effect being played. Everyone is just enthralled with how China is growing, Every talking head will tell you how, its China, China, China that will help grow the US out of the doldrums. I still argue it’s all hogwash. It’s all smoke and mirrors. And I also contend the now famous Fed. Chairman Ben Bernanke will end up at some point more infamous for his manipulations in the economy than his predecessor Mr. Greenspan. It’s only a matter of time.

To give some credence to my assertions I’m posting a link to a Dateline video that aired in Australia this week. You wont see objective financial reporting like this anywhere in the US at this present time. Everyone here is on the Koolaid train and it’s just as dangerous as the bubblegum express. If you think you have a true understanding of the China story, just watch this short presentation.

If after watching you don’t get a little bit of a tingle in your teeth, just keep chewing is all I can say.



© 2011 Mark St.Cyr  All Rights Reserved