http://www.enziosclock.com/market/time/2009/06/07 Comments for "US: Bogus bank profits = lipstick on pigs" en http://www.enziosclock.com/market/time/2009/06/07 <div class="flexinode-body flexinode-8"><div class="flexinode-textarea-35"><div class="form-item"> <label>Intro-Teaser: </label> Readers know that we have warned of the de-stocking going hand-in-hand with de-leveraging in America. Indeed, <a href="/economic/update/2009/01/30">we predicted earlier this year that America&#39;s inventory cycle would bottom around this May i.e. around now, and that this would propel markets up later on in 2011 on a structural basis.</a> The current  rise in markets is a bubble waiting to burst. We now return to this theme, focusing on recent lobbyists&#39;  lullabies in Congress...and wonder whether their subsequent changes in this &quot;democracy&quot; are nothing more than putting even more <a href="/random/thoughts/2008/12/14">lipstick on a pig</a>.<br /> </div> </div><div class="flexinode-textarea-36"><div class="form-item"> <label>Topics Covered: </label> <ol><li><strong>Pork inflation </strong></li><li><strong>External valuation morphs into internal volition </strong></li><li><strong>Lipstick on  pig</strong>s<br /></li><li><strong>How to make e money off this  </strong></li></ol><br /> </div> </div></div><p><a href="http://www.enziosclock.com/market/time/2009/06/07">read more</a></p> http://www.enziosclock.com/market/time/2009/06/07#comment Sun, 07 Jun 2009 08:54:27 +0800 Enzio 1091 at http://www.enziosclock.com