flatulence, foresight and friday, page-126

Interesting despite all of Bernanke's talk of sustainable recovery Obama has requested $50 bill in funds for further stimulus

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/7825162/Barack-Obama-requests-50-billion-in-emergency-funding-from-Congress.html

Also love the way they always release this info on the weekend. Would have to call into question whether the powers at be really believe in the "sustainable recovery"

Considering Germany, Greece, Spain, Uk and now Japan (http://news.smh.com.au/breaking-news-world/japan-pm-risk-of-collapse-from-debt-mountain-20100611-y2si.html) have all announced significant spending cuts the good ol USA is taking leadership again. Talk about flogging a dead horse with their monstrous $13 trillion deficit and consumer leveraged to the eyeballs.

Should be an interesting week with these revelations, and the us banking regulation talks starting to heat up