Sanofi CEO want to spend US tax money to help his company make money... too!

When ask Sanofi CEO about the biggest challenges

Q: What do you see as the biggest challenges for your company and the industry?

A: As we're looking at deficit reduction in both Europe and the U.S., there's huge threats to our industry. ... I think it's going to be extraordinarily important to preserve the ability of the NIH (National Institutes of Health) to invest in research, make sure the FDA (Food and Drug Administration) has the means that it needs. ... 

Let me help you to translate this

Q: How to make more money for your share holder?

A: US need to put more tax money into NIH, so that it create more innovative idea and Sanofi can take these ideas and make money off of them. Honestly, I don't want to spend our company's profit on R&D. It should be US tax payer's money, not even the French government money!

What a blood suckers!!!! Wait.... He is............

Central Bank + Printing Press = Hyperinflation

See post from my friend. It already happen.  The amount of copper needed to make a penny, cost more than...... well, a penny.

It was a very cold winter in 1928 and this German lady was putting the "Mark" (German Money) to the stove to burn it in order to keep warm. She did that because the "Mark" depreciated too much and it was cheaper to use "Money" as a fuel comparing with Wood.

The inflation was a disaster at that time. The highest denomination was "100,000,000,000,000" Mark. yes, It is not a typos. It is "100,000,000,000,000".

Now, at least 6 central banks are printing money.

1. Bank of England announced to print 170b pounds before Nov.
2. Swiss National Bank printed extra 82% M2 swiss franc in Sept 2011.
3. Euro Central Bank have to print a least 1T Euro, inject to EFSF for the bailout of Euro banks.
4. Monetary of Singapore is doing open market purchase in order to make the sing dollar depreciate.
5. Brazil central bank cuts the rate in order to increase the M2 supply.
6. Indian central bank announces that they will not apply any monetary tighten policy anymore and likely to do QE instead.
7. Federal vice president and one of the fellow announced that another round of QE is necessary for maintaining the economy growth.
8. Bank of Japan is printing 13000b because of the radiation disaster in March.
9. People bank of China is making the monetary policy not that tight because of the "Wen Chow" credit crises.

I worry that we are going to have a serious inflation... I think everyone should find someway to against it ASAP.

ETFs: Inflation Index (TIP), SPDR Gold Trust ETF (GLD),

Captain America have good news for big pharma

Chris Evan have a great idea.... No, no, no, not Captain america. Chris Evans is introducing the new Pharma model.

The new model ask big pharma give them pre-clinic drug candidates for Chris Evans company to take it through clinic. Advantage of that have 2 fold
1. Consolidation for cost saving
2. Better Knowledge Management - Learn from failure, no more hush hush between pharma!

 More consolidation is coming. If you are in Pharma R&D, fasten your seat belt because more lay off is coming. What NC pharma will do is to consolidate all the clinical trial study into one company. Hence, more efficiency and cast saving. Great concept, let hope it will work!

QE3.... There is no choice.

By my boy Terry. I agree with him. We are looking at a long term inflation risk. But until then, buy your houses.

We are living in the Currency war age.

It is the powerpoint presentation from the Bank of England. It is for convincing the British citizens to accept print extra 170 billions pounds this month.

If you go to dig out the swiss national bank (Central bank of swissland) M2 statistic, you will find that the bank print extra 82% money in order to control the swiss frank appreciation in Aug 2011.

The Euro leaders consider to print/inject extra 2 Trillions Eur to the EFSF fund pool this Sunday in order to bailout the banking system.

The above printing will force the USD to appreciate indirectly. The fed will not allow this and there will be another round QE in US soon.

It is going to have disaster inflation. Be prepared. Hold tight with your GOLD.

Groupon: Biotech vs Internet Startup sample

Last couple years, VC money have been taken away from BIOTECH because of Internet 2.0 bloom. But without a good barrier of entry, internet companies, like groupon.com, cannot be a good long term investment.

Depression in US/EU???

From my friend Terry Chan

This was happening during the great recession -- 1930. A lot of professionals (Accountants, Bankers) were lining up outside a church and begged for foods. This may happen again in Euro/US. For the Stock market rebound last week, i would say, "Sorry, nothing has been resolved..." It looks like a technical rebound and the only reason for the rebound is "the market dropped too quick, NOT too much.". That's it.

Great Depression

The Euro Leaders are saving the dates, not the crises.

In fact, the total amount of PIIGS crises debt is EUR 5 Trillions and the Total reserve in Euro Zone is USD 0.8 Trillions. Even China is willing to spend all her USD 3 Trillions reserve to save the PIIGS, it is still far away from enough.

It is impossible to save the Greece. The only solution for the crises is let her to default. Yes, just let them default! Let those banks who lend the PIIGS money suffer the lose. It is extremely painful but it is the only way. Let them default and rebuild their countries. It is how financial system works.

Leftist Opinion on Property right

A picture say it all.....