<blockquote>'A Canadian housing crash is a given. The only thing that remains to be seen is how deep the crash is.'
- Mish,
Hosed in Canada; Housing Crash is a Given, May 30, 2010
'The next set of moves by the Reserve Bank of Australia will likely be lower along with a weakening housing market. Expect to see the Australia dollar weaken as well if the reserve bank aggressively cuts rates hoping to keep the property bubble alive.'
- Mish,
Australia Holds Rates at 4.5%; Canada is First G-7 Country to Hike, June 01, 2010
'...Technology has gotten a lot better at drilling deeper and deeper wells. Technology to cleanup spills has made no gains.
Is that a sign the penalties for major screwups are not big enough? I think so.'
- Mish,
BP Robots to Cut Damaged Pipe; Oil Dispersant Maker Says 'We Have Nothing to Hide'; Oil Déjà Vu, May 30, 2010
'Of all the dumb stunts by BP, that has to be among the stupidest. How could anyone at BP think this stunt would not be immediately caught and blasted? It is one mistake after another after another for BP.
We still do not know exactly how much oil is leaking. What we do know is BP has lied every step of the way about every facet of this disaster while underestimating the damage and overestimating when the problem would be fixed.'
- Mish,
BP Abandons Top Kill; More Images; Failed Politics and Policies; Can BP do Anything Right? May 30, 2010</blockquote>