Monday, June 4, 2012

Barack Obama - #3942 - Maureen Dowd - Dreaming of a Super Hero - NY Times (2) Former Hedge Funders Fearful Forecast: We're Looking at the Biggest Economic Shock the World Has Ever Seen and There's Nothing We Can Do to Stop It - The Blaze

EVEN MAUREEN DOWD BEGINS TO TURN..... FROM THE FRONT PAGE OF DRUDGE.
ON Friday night, the nation’s capital was under a tornado watch. And that was the best thing that happened to the White House all week. As the president was being slapped by Mitt Romney for being too weak on national security, he was being rapped by a Times editorial for being too aggressive on national security. A Times article by Jo Becker and Scott Shane revealed that the liberal law professor who campaigned against torture and the Iraq war now personally makes the final decisions on the “kill list,” targets for drone strikes. “A unilateral campaign of death is untenable,” the editorial asserted. On Thursday, Bill Clinton once more telegraphed that he considers Obama a lightweight who should not have bested his wife. Bluntly contradicting the Obama campaign theme that Romney is a heartless corporate raider, Clinton told CNN that the Republican’s record at Bain was “sterling.” Covering a humorous W. at the unveiling of his portrait, the White House press actually seemed nostalgic for the president who bollixed up Afghanistan, Iraq, Katrina and the economy — a sure sign that the Obama magic is flagging.  Read more........

CHART BELOW:  PERCENTAGE OF US POPULATION EMPLOYED.
Former Hedge Funders Fearful Forecast: We're Looking at the Biggest Economic Shock the World Has Ever Seen and There's Nothing We Can do to Stop It - The Blaze - Former co-manager of the GLG Global Macro Fund Raoul Pal has joined the growing chorus of economists who believe the global economy is headed in the absolute wrong direction. What does the Goldman Sachs alumnus see on the horizon? Mr. Pal, who writes for The Global Macro Investor, a research publication intended only for larger institutions, hedge funds, and family offices, believes that a global banking collapse and massive defaults will bring about “the biggest economic shock the world has ever seen” — and there’s nothing we can do to stop it. Well, that’s pretty dire. Does he have anything to back up his claims? We’re glad you asked. Without further explanation, here is “The End Game,” Pal’s impressively comprehensive (and grim) presentation on the current state of the global economy: Read more...this is a slide presentation, click on photo arrows to see related charts and information.........

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