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The Bottom Line

By

Cut to the chase, my brother, speak on it!

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The Minyanville.com take on news, commentary and opinion from around the world:

Egotism Wrong, Says Politician

Russian President Vladimir Putin picks up a pen for the Wall Street Journal editorial pages and writes that energy egotism is a road to nowhere. "It is our strong belief that energy redistribution guided wholly by the priorities of a small group of the most-developed countries does not serve the goals and purposes of global development," he says.

  • Bottom Line: Skimmed article and it doesn't mention me or America by name. Boring.


    I Want You...to Want...Me!



Money Ain't a Thang? East Coast vs. West Coast

With the exception of international trade, no topic in economics contains more myths than monetary theory. But what do we mean by money? East Coast rapper Jay-Z says "Money Ain't a Thang." But economics professor (and West Coast sympathizer) Robert Murphy steadfastly disputes Jay-Z's view, and instead says that, among other things it "ain't," money is not a claim on goods and services.

  • Bottom Line: Jay-Z got more hit records, but Murphy got more science.



SEC Subpoenas First, Asks Questions Later

Securities and Exchange Commission Chairman Christopher Cox implied on Monday that the agency's San Francisco office acted without permission when it sent subpoenas to two financial journalists, including Herb Greenberg, demanding records of their phone and e-mail communications with sources, according to the San Francisco Chronicle.

Greenberg disclosed his subpoena in a column this past Friday. The subpoena demanded unpublished notes and communications between Greenberg and five sources regarding five stocks, including Overstock.com, whose chief executive, Patrick Byrne, has publicly accused Greenberg of helping others trade illegally in his company's stock.

"As I take a sip," Byrne wrote to Greenberg in an e-mail quoted by the New York Times this weekend, "I find myself curious: do you guys know? Are you sitting somewhere, blithely oblivious, still chuckling about Whacky Patty, and all that? Or do you understand now that this is going to end badly for you?"

  • Bottom Line: After reading Byrne email, Bottoms Up. Also, free Herb!


India is the New Nasdaq

First, President Bush decides to pay India a visit, only the second visit to the country by a U.S. President in more than two decades. The Economist gives the President's visit top billing. Now, Newsweek gets involved and declares "India Rising."


  • Bottom Line: See chart below...



No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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