Sunday, September 9, 2012
Two interesting news articles for you
Business Insider - Merkel is getting ready to cave in on Greece
No surprise there. This was already predicted: as Joe Wiesenthal notes, "It's worth noting that Merkel is getting flexible at a time when the German export workhorse is slowing down, thanks to the depression in the countries surrounding it."
Germans are always happy to be hard-asses until their own survival is at stake, at which point they cave in to save themselves. Do you think that Merkel's buddies in business and finance, who profited from Eurozone integration, will all of a sudden want to turn their backs on profit?
So predictable. And I bet if the depression in Germany continues, we might even see a countercyclical Keynesian stimulus program to encourage economic growth.
Grope and Flail - Silvercorp critic caught in campaign by police
I guarantee you Silvercorp is worth zero, and Alfred Little were entirely correct in their assessment. However, the Chinese local government officials, bankrolled and aided by Silvercorp directly, are now arresting anyone in their reach who was part of the investigation.
#1, Silvercorp should immediately be delisted in Toronto, as the article notes. #2, why the fuck would you invest in any Chinese company whatsoever? I mean, if insightful analysis is met with imprisonment, what does that do for the transparency that you need for rational and safe investment?
I mean seriously, why not just invest in a pinksheet-listed gold exploreco?
UPDATE: for a refresher, here's the Grope & Flail's article from September 2011, and here (couldn't let this be left unlinked) is the original Alfred Little writeup where the damning info is provided.