Looking Backwards … LB #1 Today we see that the ratings agency have finally gotten the pigeon shit out of their eyes and taken a more objective look at these countries that they are supposed to be monitoring. This from ZeroHedge, “Alas, after Marine Le Pen toppled Barnier’s government in a dispute over deficit reduction …
LBLF
Looking Backwards … LB #1 As I look outside the window and watch the winter rains slowly steal the sunshine and fall colors away from the landscape it occurred to me that something else was reigning across the world. Chaos. ZeroHedge will be featured heavily today as chaos shaking the ship doesn’t seem to generate …
Looking Backwards … I recently came across a funny joke by Norm McDonald in which he said something to the effect, I was reading the history books and the good guys always won, can you believe that? What are the odds? Norm loved to gamble, so I am sure he found the odds being a …
Looking Backwards … LB #1 Today we begin with a fun story written by Andrew English who is very much English and writes for the Telegraph. He got to drive the new Ford Mach-E mustang during a busy travel week in the UK. “Perhaps autumn half-term week was not the best time for driving long …
Looking Backwards … LB #1 One of the weird things I have been hearing about lately is that tariffs are good. Tariffs are about balancing equality amongst countries and protecting countries key exports and have a hundreds of years’ old history. Customers don’t care. We want lower prices. That is why WalMart wins. Always low …
Looking Backwards … LB #1 As we wrote about on Bygone Relics on Wednesday, the German economy is in dire straits. Furthermore, the government was on the edge of collapse. Well, it took less than a day after we wrote the story. This from Andreas Rogal from EuroNews, “He has broken my trust too many …
Looking Backwards … LB #1 We have lots of distractions right now which require us to put our heads down and focus. There are elections, BRICS meetings, UK economic instability, German recessions, Chinese stimulus, and a bond market that is not behaving how the US government wants, at all. These are all worthy subjects but …
Looking Backwards … LB #1 We told you about the military coup that just took place in America and while Joe Biden thumbs through the phone book to determine where he can order ice cream sprinkles, the real leader of the country ahs been busy. This from ZeroHedge, “Secretary of Defense Lloyd Austin arrived in …
Looking Backwards … LB #1 This week the BRICS summit will take place in Kazan, Russia. One of the main topics will be the alternative payments system to the US dollar. This from Gleb Bryanski at Reuters, “Central to that is the proposal for a new payments system based on a network of commercial banks …
Looking Backwards … LB #1 The layoffs have begun at Boeing. 17,000 workers were fired as the plane maker goes through a strike. If they are no longer building planes, they need less people and obviously they need to conserve cash. They have offered 30% to the workers and they were turned down according to …