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marți, 29 ianuarie 2013
Just for You from YouTube: Weekly Update - Jan 30, 2013
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
Posted: 29 Jan 2013 08:09 AM PST The Chinese banking system is insolvent. Of course, the entire global banking system is insolvent, but today's spotlight is on China. Please consider China averts local government defaults. Chinese banks have rolled over at least three-quarters of all loans to local governments that were due to mature by the end of 2012, an indication of the immense challenge facing China in working down its debt load.Extend-and-Pretend Chinese Style Since details on refinancing and interest rates are lacking, the reported $482 billion is undoubtedly on the low side. The key point is that massive rollovers were needed to stave off defaults. "That's a correct observation and explanation," said Stanley Li, a banking analyst with Mirae Asset Securities. "Based on the payback period for the infrastructure projects [started by local governments], it will take more than 10 years to pay these loans back." Ten years? How about never? Many of these projects were never economically viable, especially the housing and land schemes. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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Damn Cool Pics
Damn Cool Pics |
- Potato Chip Rock in San Diego
- 40 Cool and Unusual iPhone Cases
- Dining With Wolves
- Top 10 Failed Social Media Sites [Infographic]
- Panhandler Party – NYC Subway Style [Video]
- Pictures of Wild Cat Jaguarundi
Posted: 29 Jan 2013 06:18 PM PST |
40 Cool and Unusual iPhone Cases Posted: 29 Jan 2013 06:01 PM PST |
Posted: 29 Jan 2013 04:22 PM PST Werner Freund, 79, is an ex-paratrooper who for 40 years has hand raised and lived among wolves at his sanctuary in Merzig, Germany. The magnificent creatures, naturally feared by any man, all behave playfully and submissively towards Werner, who has over the years exerted his dominance in the pack. At feeding time, Werner must ensure he continues to feed first and disallows any of the hungry and salivating wolves to come near, in order to maintain the respect of the pack. It is for this reason that they do not attack him and, instead, lick his face and act playfully when they are not feeding. Via dailymail |
Top 10 Failed Social Media Sites [Infographic] Posted: 29 Jan 2013 10:46 AM PST The folks at mylife.com have put together this infographic showing the top 10 list of the most epically failed social media sites of all time. Click on Image to Enlarge Via mylife |
Panhandler Party – NYC Subway Style [Video] Posted: 28 Jan 2013 09:09 PM PST |
Pictures of Wild Cat Jaguarundi Posted: 28 Jan 2013 08:45 PM PST The jaguarundi is a small-sized wild cat native to Central and South America. The jaguarundi is found from southern Texas and coastal Mexico in the north, through central and South America east of the Andes, and as far south as northern Argentina. |
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