11/17/2005

Emailer BW sent me this link to Real Clear Politics, a piece detailing another GOP Munich sell out.... It's dated yesterday in case you've been there already.

Malkin has
this piece with links; has to do with what Bush should say. My POV? If we have a president so out of the loop that he has to turn to me for direction...... I know the score so the read is just OK.

Sad to report.....The Los Angeles Times is cutting about 85 newsroom jobs, the paper said Wednesday. Some of the cuts already have come through attrition and some will come through a voluntary separation program, editor Dean Baquet wrote in a staff memo. Think they'll start telling the news straight? Not a chance.

Now here's a market that has been moving on pure speculation (not): The Chinese government is denying participation, but a Chinese metals dealer was allowed to build huge number of short positions at the LME. So what happened? He bet wrong, the market continued to go up, and what took place is known as "a short squeeze." The guy had to unwind (buy back his positions) so the market continues up, now trading over $203 per tonne. Copper used extensively in housing traded at around $60 five years ago and at $95 in Dec of '04.

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