Friday, November 20, 2015
Friday night news
Here's some Friday night news:
LA Times - this el Nino will be most powerful on record. As long as I don't have to suffer through another fucking deep freeze, the millions threatened by drought can go fuck themselves.
Martin Wolf - corporate surpluses are contributing to the global savings glut. So you know what you should do? Let the government tax retained earnings away, and spend that money on public capital. Either that or slip into a new dark age. I know which choice the plutocrats will go for.
Reuters - Modi's gold deposit scheme has attracted one whole shiny pound of gold so far. And no, it's not because they don't have enough assay labs or refineries. It's because it's not meant to take in gold, it's meant to be a subsidy program for banks.
BI - Bill Ackman's lost 24.5% this year. So why do people continue to listen to this idiot, if he can't even outperform the S&P 500 index?