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I was wondering what the songs were that played at the top of this segment? Brian said we heard songs from Ireland, French Giana, India and Mexico, but I only counted 3 songs. And the only ones I could id were "There's No One as Irish as Barack Obama" by The Hardy Drew and Nancy Boys" and "O! Oh! Obama!" by La Compagnie Cróle. Could someone post what the other one was/other ones were (if I missed one). Thanks!

So we put our kids with Italian babysitters, go out and enjoy some Indian cuisine made with prosperity if not love, stick our 401Ks in Aussie banks and then, head on over to CBGBs till breakfast (step over those crackheads -- it's the early 80s, after all!)...

...Yes! I'm feelin' worldlier (3rd?)...Whatever, Life is Good!

see Martin Wolf's "Fixing Global Finance".
China and other emerging markets need and are beginning to understand that they need to stop putting their surplus capital in U.S. investments, and start investing in human services, education, and infrastructure. Emerging markets that put their money in the US, holding onto excess foreign currency reserves, in reaction to the crises of the 80's and 90's that resulted from borrowing. They must start investing at home and no one will help them do this, not the IMF. Then the US deficit will come down. This deficit was unavoidable as the world's surplus came to us. And it was the deficit, the US being the lender and borrower of last resort, that resulted in the mortgage and U.S. household credit crises.

Indians, as in many other countries and cultures,
are biased against dark skin.

Is Obama affecting this?

I never in my life seen someone fish so hard for negative comments! I am uncomfortable for you.

Brian what sort of weird question is that? Do they blame President Obama? (which by the way you should get into the habit of saying)

He in office little over 60 days how could they blame him?

You people.

What is the population growth in India? Is the GDB grows by 4% but the population by 5%, then the GDP per head goes down.

The European Central bank did not follow in the steps of the Fed, the BoE, and the Zimbabwe government and does not print money ("quantitative easing").

I am not sure how they would anyway, since they cannot buy any "federal government" bond, only individual EU countries.

Maybe that is why they don't want to have a stimulus.

How much of European opposition to the US scheme of pumping out ever more money stems from the fact that the US controls the world's reserve currency -- the dollar?

China, Russia and others are clearly making moves to end the dollar's currency hegemony. This has to have US officials scared. The end of dollar dominance would shatter the US's ability to manipulate the value of its debt by simply devaluing the dollar (which is what Bush and now Obama have been doing). (And for those who note that the dollar is holding steady, hold onto your hats. The world's economy can't be flooded with dollars without a devaluation.)