I’m not exactly sure what this move means but I don’t think it’s the beginning of anything good for the U.S. — From China Daily:
Wen said at the press conference that the partnership between Beijing and Moscow has “reached an unprecedented level” and pledged the two countries will “never become each other’s enemy”.
Over the past year, “our strategic cooperative partnership endured strenuous tests and reached an unprecedented level,” Wen said, adding the two nations are now more confident and determined to defend their mutual interests.
“China will firmly follow the path of peaceful development and support the renaissance of Russia as a great power,” he said.
Here’s A Rundown Of Everything That Just Happened In The Huge Insider Trading Scandal
November FOMC Minutes Reveal Significant Concern About The Dollar Getting Crushed
SAC Capital Gets Subpoenaed In Insider Trading Investigation
The Fed Reveals Its Depressing New Economic Outlook
NOW FBI WANTS INFORMATION FROM THE MONSTER MUTUAL FUND JANUS FUND
MARKETS CRUSHED: Here’s What You Need To Know
Meanwhile, The Greek Government Is Also Nearing A Schism Over Austerity
$500 Silver & Imminent Price Explosion! Max Keiser (500 dollar silver) (Hat Tip: Brian B.)
The Agenda Revealed: How Obama Will Rule by Executive Order in 2011 (Hat Tip: Jean Stoner)
Whitney sees 5,000 bank branches closing – Street Sweep: Fortune’s Wall Street Blog (Hat Tip: Brian B.)
Precious metals are going nuts (Hat Tip: Brian B.)
Fed lowers economic expectations for 2011
Medvedev warns of political ‘stagnation’ in Russia
What Happens When China Collapses?
SAC `Eat-What-You-Kill’ Culture Bred Funds Under Scrutiny
Bankers Rigging Municipal Contract Bids Admit to Cover-Up Lies
Ireland to Cut Spending 20%, Raise Taxes as Talks Climax
The Only Way to Fly — At $181G Per Hour
Black Farmer Payout Marred by Fraud?
U.K. Streets Flooded With Tuition Protesters
Lawmakers Mull a Ban on Earmarks
8 in 10 Say Keeping Bush Tax Cuts a Priority
Jobless Claims, Durable Goods Offer Mixed Economic Message
Food bank delivery van stolen on eve of Thanksgiving
Squatters overrunning foreclosed homes in LA
Portugal, Spain hit by investor fears over debt
Jindal: Make Congress part-time!
Pelosi’s ‘Green the Capitol’ program on chopping block?
VOLT PUSH: Obama Bolsters Hybrid Auto Sales in Waning Consumer Market
Don’t Look at Pentagon Budget to Cut Back on Federal Spending
California Squirms with CIRM: The Embryonic Stem Cell Boondoggle
Spread the Word, Not the Wealth
The Complete Guide To The Oncoming Spanish Debt Crisis That Everyone Is Terrified Of
Soc Gen: Here’s Why The U.S. Can’t Make China Revalue Like They Did Japan
Is The European Crisis Now Systemic?
December 7 Is The Drop-Dead Date For The Irish Budget
If You Hate Government Bailouts Then You Should Be Loving The Ireland Crisis
The Weirdest Idea From The FOMC Minutes: Bernanke Might Start Giving Press Conferences
Jim Rogers: Whether Or Not There’s A War In Korea, You Should Buy Commodities
Lawmakers Warn $1.2 Billion Payout to Black Farmers Rife With Fraud (Hat Tip: Jean Stoner)
From Retirement Ethic To Work Ethic (Hat Tip: Jean Stoner)
Mexican senators object to strings attached to U.S. aid money – National Law Enforcement (Hat Tip: Brian B.)
Thanks Barack… CHINA & RUSSIA QUIT DOLLAR!
John Conyers Didn’t Have Time to Read the Health Care Bill But He Had Time to Read This?
Non-shocker of the day: Green jobs boondoogle a bust
Unleashing the plague? (Hat Tip: Brian B.)
Spain and Portugal under fire as bond spreads hit record (Hat Tip: Jean Stoner)
Should You Be Scared That China And Russia Just Agreed To Drop The Dollar? (Hat Tip: Jean Stoner)
Here’s Why the Fed Plan Is Failing: We’re All Austrians Now (Hat Tip: Jean Stoner)
Weekly jobless claims fall 34,000 to 407,000 (Lowest level in 2 years. Are we turning the corner?) (Hat Tip: Jean Stoner) No we’re not – it’s getting worse…
It’s Official: The Economy Is Set To Starve [Peak Oil] (Hat Tip: Jean Stoner)
The SEC’s Absurd War Against Insider Trading (Time to DEFUND?) (Hat Tip: Jean Stoner)
The Fed Writes What May Be Obama’s Obituary (Hat Tip: Jean Stoner)
State’s stem cell agency seeks more time, money [after $3 billion and ZERO results] (Hat Tip: Nancy Jacques)
Climate Talks or Wealth Redistribution Talks? (Hat Tip: Nancy Jacques)
Global Warming Hysteria: IPCC Official Admits its Wealth Redistribution (Hat Tip: Nancy Jacques)
Roberta X provided a link to the USA National Gas Price Heat Map. You will note that some divisions in price ranges follow state lines. These are created by differences in state gas taxes, rather than production and transportation costs. California is mostly mapped in red and Wyoming is mostly green because of what goes on inside state capitols rather than what goes on in oil fields and refineries. And it is no coincidence that the states with the big, pretentious, and intrusive governments are in the midst of budget crises. (California, for example is nearing default.) These same states have high taxes, annual vehicle inspections, civilian disarmament (“gun control”) laws, restrictive zoning, expensive building permits, and on and on. Vote with your feet, folks. Move away from bureaucratic tyranny and toward freedom.
Economists worried about U.S. inflation: survey
FBI Raids Three Hedge Funds. From what I’ve heard, discussion of basic market research has been labeled “collusion” and “insider trading”. Unfortunately, public officials in the U.S. are presently out for blood, and logic is being ignored. This situation will likely get worse before its gets better. Some have argued that the insider trading laws are fundamentally flawed.
Stocks Mixed as Ireland Bailout, FBI Probe Weigh
Treasuries Rally After Government Raises $35Billion
Dying With Debt: A Dirty Little Retirement Secret
Silver Sales to Surge as Investors Seek Protection, Perth Mint Forecasts
