Friday, February 26, 2010

SOS Finnish proverb



  • A Finnish proverb: "Sh*t must be good. Millions of flies can't be wrong"

  • More should be investigated on world derivatives of USD605 Trillion and its actual impact to the financial instituitions

  • Charlie Monger said US has become a casino country, ponzi over ponzi schemes

  • Iceland, PIIGS, Baltic Countries, UK, etc is over geared

  • Everyone is relying on China, Shanghai Tower (highest building in the world)is due to open 2014

  • James Chanos believe China properties bubble is Dubai 1000 times
  • China sold USD46 billions of US treasuries and most likely to buy GOLD
  • What about Australia?


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