WikiLeakified

blogule's Agence Fausse Presse managed to snatch from PeepeeLeaks a few top secret cables where several US envoys deliver their impressions about key world leaders:

- Nicolas Sarkozy : "A paranoid in love with the States, or rather obsessed with the need to be loved by Tom Cruise. Instills terror into his staff : no one dares criticize him, and he's been replacing them one by one by Oompas Loompas who call him "Your Highness", "Your Greatness", or "Dear Ladder". Now Sarkozy only refers to himself in third person."

- Silvio Berlusconi : "Like many statesmen, an eternal teenager obsessed with new conquests... which in spite of compulsive plastic surgery he needs to pay for. Told us to kiss Don Vito hello, and to thank him for his last delivery of Ukrainian blondes."

- Mahmoud Ahmadinejad : "A narcissic psychopath lunatic. Likely to be good friends with our President George W. Bush."

- Tony Blair : "Very friendly but on the threshold of annoyingness. Insisted to show us his self-flagellation stigmata. Asked again for that seance with Churchill promised by the POTUS."

- Vladimir Putin : "When he enters the room, temperature drops 20 degrees. Each of his muscles is so tensed he constantly needs to tune them like piano strings... quite an experience: his face doesn't move one bit, but every five to six seconds you can hear a 'pling' or a 'plong'."

- Muammar al Gaddafi : "Couldn't meet him: the elevator got stuck between the 4th and 5th floors of his tent."

- Hu Jintao / Wen Jiabao : "The former has the sense of humor of a prison door. No wonder he wants to get rid of the latter, a brillant man with a constant smile on his face. But last time I had tea at Wen's (as usual a very pleasant afternoon), I found out back home that he'd planted about eight hundred acupuncture needles all over my back."

- Saddam Hussein : "Didn't understand why we got rid of him after all he did for us and we for him. Didn't like our farewell gift, a beautiful Lanvin hemp necktie."

blogules 2010 - initially published on blogules VF as "WikiLeakefie".

As if

The Dow Jones Industrial hit the 10k mark, again.

This is not the same index : General Motors or Citigroup Incorporated have gone after September 2008 (AIG left the DJI a little bit earlier). And this is not the same Bank Of America either...
So basically a makeshift index passes a symbolic mark. So what ? This new bubble is simply not sustainable. And Mr Jones cannot make much dough out of industries which often have yet to evolve.

Asia is booming, again.

And real estate bubbles keep inflating in South Korea, Hong Kong, or China. Hu Jintao wants to secure positions for his friends before the 2012 regime reshuffle, and Beijing decided to sacrifice long term economic soundness for short term growth. Seoul also refuses to deflate the housing bubble for fear of accelerating the second dip. LEE Myung-bak knows the demand will grow during the construction of all programs launched before 2008, but hopes that the hard landing will not happen under his "sit and watch".

Financial institutions are racking up profits, again.

Part of their garbage has been collected, but they keep doing business as usual : destroying value in the long term to maximize short term gains, focusing innovation on ways of bending laws, sucking money from places where investments are really needed. Total crap.

...

Three years after the downturn, one year after The Crisis, we are somehow still in denial (see "This is not a financial crisis"), and the same diagnosis applies.

There's still a lot of greedy money out there : unable to find exciting guaranteed returns (closer to 5% than to the 15-20% they were used to - not enough to hedge inflation which is bound to come back with a vengence), investors keep fueling bubbles in stocks, commodities, gold, currencies, private equities, and even real estate.

Regulation remains a dirty word and everything is done to undermine collective and comprehensive efforts to reform the system.

The question is not if but when the next wake up call comes. Before the end of the year ? H1 2010 ? Will the illusion even last until 2011 ? Will everything collapse big time in 2012 ?

Yet I'm still confident : in the long term, we are to evolve from free market to fair market.

blogules 2009

G20 on Twitter

@barackobama.com : "uh... hem... Look : 120 characters left. Good day : we reached an agreement. Bonus: prevented a fight btwn Sarko and Hu."

@nicolassarkozy.fr : "Good day : I made the headlines and saved the World as usual. Bonus : prevented war btwn US & China."

@hujintao.com.cn : "Good day : saved Macau & HK, purchased the US, cut ties btwn France & Dalai Lama. Bonus: spied UK in the process."

@gordonbrown.co.uk : "Good day : managed to kept my chin up, and my jaw not too low."

@tayyiperdogan.com.tr : "Good day : Shimon Peres wasn't there."

@robertzoellick.us : "Good day : if a Bushite like me gets a hike during this slump, there's still hope for easy money."

@bankimoon.un.org : "Good day : wish we had the same cast at the Security Council."

@abhisitvejjajiva.com.th : "Good day : was right behind Obama on the photo. Bad day : his smiles eclipsed mine."

@taroaso.co.jp : "Good day : wasn't caught sippin' sake."

@dmitrymedvedev.ru : "Good day : I kept those morons busy while Vlady nuked Georgia. Even got an Obama autograph."

@stephenharper.ca : "Bad day : got locked in the johns during the official photo op."

@mbtious.co.kr : "Good day : Kim Jong-il helped me get an itw w. BO."

@lula.com.br : "Good day : was hired as a bodyguard for Brown and the Queen. Kept that French lunatic away from Barack."

@angelamerkel.de : "Good day : was seated next to Oby for dinner, far from Sarko on the final picture."

@dskimf.com : "Good day : I got a budget to purchase flowers for Michelle Obama."

@silvioberlusconi.it : "Good day for plastic surgery : on the pixes, I look younger than Obama and Medvedev combined."

@kevinrudd.com.au : "G'day and seeya."