Home > political-economy > Death Match Two: Post-game wrap-up…

Death Match Two: Post-game wrap-up…

A recap in the language most accessible to our American audience:

GlobalDeathMatchSo far, Capital easily dominated the preliminaries, with the Proles and Owners of Capital on one side trouncing the Aristocracy and the Peasantry in a match up that rocked the European continent for several decades. The going was tough in the early rounds, since all the political and economic strength was on the side of the Aristocracy with its almost complete domination of the ground-rent game. But in the end, as economic power shifted to the Proles and Owners in the late round, the Aristocracy was forced to abandon its ground-rent game and strike a deal with the Owners. The Proles, abandoned in late innings by their erstwhile allies, turned briefly to the Peasants for a similar deal, but only scored gains in Russia, China, and handful of Asian heats.

Building on gains in the preliminaries, however, fissures began to open up among the Owners at the close, as each sought to consolidate early gains in their respective divisions –  also called “Nations” – and prepare for the semi-final playoffs. Having effected a surrender on the part of the Aristocracy – in American, in particular, on Team Slavery – and having successfully fended off weak challenges by a motley crew of Proles and Peasants from the Pitchfork Leagues, Owners turned their attention to a World Series face-off among the surviving teams.

These face-offs, known by their popular names, Global Death Match, and Global Death Match Two, saw the United States walk away with the Gold, with the Silver going to Great Britain, and Continental Europe and Japan sharing the Bronze. (Everyone else got dirt cookies.) China and Russia, after sitting out the early post-Global Death Match play, rejoined the games and were respectively awarded positions as Waterboy and the obligatory Angry Maladjusted Fan.

*****

We will return in a moment to bring you a preview of the upcoming post-season play. But, first, a word from Alcoa:

In the below video, Klaus Kleinfeld, President & CEO of Alcoa joined Maria Bartiromo to discuss the prospect for his company. Among the points he makes are these:

  • “When you look at it from a regional perspective, China is back very, very strong, and pulling some of the Asian markets with them – Asian and Middle East, I would say, with them.”
  • “This quarter is also a quarter where we have been completing substantial growth projects in Brazil, in China, in Russia, that have an outstanding opportunity to continue.”
  • “We’ve also got to really look carefully at the headwinds, with the dollar weakening against other currencies that are important to us, like the Brazil Real and the Australian dollar. That’s an important headwind, when we actually need all the cash performance at this point in time.”

Vodpod videos no longer available.

If this is beginning to sound to you a lot like what Jim Cramer was talking about on Hardball last night, it should.

You’re gonna need a bigger boat.

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