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Notes From Underground: Chinese Economic Policy Is Modeled on Kelly's Heroes Paradigm of Sgt Oddball

It is time to invoke one of the great war movies of the anti-war decade, Kelly’s Heroes. The theme is relevant in two ways. First, a ragtag group is trying to steal a hoard of German gold from a heavily guarded town and divide it up among themselves as booty from the war (similar to Chinese desire for Western-owned gold). 729 more words

ECB

Notes From Underground: Gee, What's the G-20 Thinking About?

The Japanese leave Washington with no support for alleviating one-sided currency moves. For China it is all about respect for growth, wherever it may be. The Chinese GDP was released on Thursday and it came out exactly as forecast at 6.7% (shocking, I know). 538 more words

Gold

Notes From Underground: Song of the Week, "Lies" (The Knickerbockers)

Lies, lies, you’re tellin’ me that you’ll be true

Lies lies

That’s all I ever hear from you

Tears, Tears

I shed a million tears for you…

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Fed

Festival of learning

A few weeks ago we were asked to take part in a skills fair, and we jumped at the chance to show that knitting was (a) not for grannies and (b) not all about aran jumpers. 115 more words

Nikki