Protests in Pakistan; Bloomberg on Protests; an overview of economy

Power Loadshedding runs riots across Pakistan

Pakistan Times,

4 October, 2011

"LAHORE: Rampant loadshedding has brought about mass protests across Pakistan breaking the back of already crippled business activities, a private television news channel reported on Sunday.

"After remaining out of powers at all the hours, people went berserk to stage mass protests crying anti-government slogans, burning tyres, blocking roads, sitting in, and whatnot. Life has become hell, a protestor told the television channel. To add injury to the anguish, police swooped upon the protesters and charged them with batons. They stopped breaking batons on the already broken backs of the poor protestors only to cop 7 of them to populate the lockups."

Bloomberg: 'We'll See' How Long Wall Street Protests Are Allowed To Continue

Business Insider

2 October, 2011

In his weekly radio interview on the John Gambling show on Friday, New York City Mayor Michael Bloomberg said he believes the Occupy Wall Street protesters are misguided for targeting banks.

"The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That's the bottom line," he said.

"And people in this day and age need support for their employers. If the banks don't go out and make loans we will not come out of our economic problems, we will not have jobs so anything we can do that's responsible to help the banks do that is what we need."

Asked by Gambling how long the city would allow the protests to continue, Bloomberg said "we'll see."

"You know people have a right to protest but we also have to make sure that people who don't want to protest can go down the streets unmolested. We have to make sure that while you can say what you want to say, people who want to say something very different have a right to say that as well. That's what's great about this country."

On the same program last month, the billionaire mayor predicted that if the nation's economic situation did not improve then it could face riots.

A Fantastic Overview Of Where The Economy And Markets Stand Right Now

Want to catch up on everything very fast?

Naufal Sanuallah of Shadow Capitalism has put together a fantastic overview of where the economy, macro markets, equities, and geopolitics are right now.

As we start Q4 (following that dismal Q3) it's a great place to get your bearings, and a sense of where everything is right now.

To see the presentation GO HERE

Germany 4.0 Making Its Mark

Is the Whole World Going Into a Recession at the Same Time?

CNBC

28 September, 2011

As the third quarter comes to an end, strategists and investors are beginning to prep their clients and portfolios for the chance that the whole globe slides into a recession at the same time.

The worse news is that with uncertainty in Europe, the U.S. and China as high as when the quarter began, they can’t find much to do about it.

“A more sinister scenario could also unfold, namely a global synchronous recession where deflation becomes more visible,” said Morgan Stanley’s Adam Parker, the head of U.S. equity strategy, in a note to clients this week. “In recent days, a number of clients have told us they are having great difficulty in getting defensive, even when they want to.”

For article GO HERE