Sunday, March 01, 2009

March Kpop Randomosity

  • That's Korean singer Lee Hyori.  U go, girl. She is the highest-paid female singer in South Korea.  She's the Albert Haynesworth (not pictured) of Kpop.
  • Worse job losses in 60 years expected.  "Pink slips continue to fly," said Meny Grauman, an economist for CIBC World Markets.  Seems like we had a bubble in stocks, a bubble in real estate, a bubble in energy, and really a bubble in employment when the unemployment rate was under 5% for so long.
  • I expect energy prices to go back up.  Obama isn't addressing our energy needs in anyway that's meaningful.
  • A double-top in gold?
  • Kathy Lien's thoughts on how US bank nationalization would impact the US dollar.  Nationalization will ultimately be negative for the US dollar becauseit increases the debt and liabilities of the US Federal Reserve andhence taxpayers.  Only the "rich" taxpayers, Kathy.
  • Peter Schiff says that Obama is putting the economic cart before the horse.  I haven't seen Pete on the Fox Business Block lately.
  • Heading into March, the path of least resistance is down"The path to least resistance remains down," said Alec Young, marketstrategist at Standard & Poor's. "We need some real capitulation,and for people to stop buying the dips and let it crash. Then, we couldget a new low." 
  • At least the AFC doesn't have to run through Albert Haynesworth, anymore.  He was a fantasy stats killer. Should be a good thing for the Redskins.
  • Warren Buffett taking some heat on his recent investments. From Mish, Warren Buffett’s Berkshire Hathaway Inc. posted a fifth-straight profitdrop, the longest streak of quarterly declines in at least 17 years, onlosses from derivative bets tied to stock markets.