Ex-Peoples Bank of China adviser, flat out!

So A little background on this clip. A few weeks ago a man named Chanos came on Bloomberg Charlie Rose's show. He flat out stated China is on a treadmill 'to hell' and that this is going to make Dubai look like nothing. A very bold and agitating statement, but perhaps now it is being taken as an arrogant statement as well.

observe



For a public figure head to be saying 'Chanos thinks Chinese central government officials are stupid'. I was flat out surprised by this language, and not in a good way. The protectionism of last few months includes

100% tariff's on imports from China
calls to reevaluate the Yuan
arm sales to Taiwan
Dhali lama visited president Obama in DC.

Geithner atleast has a sense of history and tact, by delaying the senate hearing over this issue a few weeks back. I sense this relationship between the US and China is getting worse.

SEC was understaffed, under minded? Fuld talks about Repo 105's

SEC finds it teeth Friday

markets had been on a run for a few days, but that has come to a glorious stop.

The SEC has now accused Goldman Sachs of securities fraud, via misleading investors who bought their CDO's. I am kind of surprised, the market is VERY surprised. GS dipped roughly 15% in one day, equivalent to roughly $12-13 Billion. What is even more interesting is the Paulson connection, and how his company was used in the process of investors losing 1 Billion dollars.

Is this the new trend? Can we count on more news to hammer the market downward?

http://www.latimes.com/business/la-fi-goldman-paulson17-2010apr17,0,4780827.story

Jobs report on Friday showed positive jobs. Geither speaks