Believe Me, It's Torture | vanityfair.com

Believe Me, It's Torture vanityfair.com
Yes it always has been. You can talk all you want about if we need too. But there is no debate that is.

Moody's: US AAA Rating Not Guaranteed Forever

Moody's: US AAA Rating Not Guaranteed Forever

Translated into Italian.
You want us to nationalize you? You want to keep getting bonus? Then don't F#$% with the AAA.

China Hoarding Oil

China Hoarding Oil
If all we think of china is a potential convention war opponent or a trading partner we are limiting our view. You can wage economic war to defeat an enemy as well.

WILL GAS PRICES KILL THE CONSUMER? | THE PRAGMATIC CAPITALIST

WILL GAS PRICES KILL THE CONSUMER? THE PRAGMATIC CAPITALIST

BankUnited FDIC take down.

FDIC: Press Releases - PR-72-2009 5/21/2009
Big Bank going down out of cycle.

Geithner Says TARP Can’t Help U.S. States Solve Budget Crises - Bloomberg.com

Geithner Says TARP Can’t Help U.S. States Solve Budget Crises - Bloomberg.com
Now when you get some CDS or Loan problems come on back :)

American Thinker Blog: Letter from a Dodge dealer

American Thinker Blog: Letter from a Dodge dealer
Posted without comment

Todays Must Read Time To Make The Federal Reserve Accountable For Its Actions

Zero Hedge: Time To Make The Federal Reserve Accountable For Its Actions

U.S. wants to originate all student loans - MarketWatch

U.S. wants to originate all student loans - MarketWatch
Cause the government does everything so well. Maybe we should curtail college spending. Maybe we should re-think college for everyone. It does not benefit most people in soft majors. The only thing it is doing now is placing our students under a crushing burden when they leave college.

Taiwan’s Economy Shrank By Record on Export Decline (Update2) - Bloomberg.com

Taiwan’s Economy Shrank By Record on Export Decline (Update2) - Bloomberg.com
More signs no one is buying. Inventory reductions are not a green shoot in the GDP numbers if we are not buying something. Consider the lead times from Asia to the US is several months we are looking at negative GDP for sure in the second quater. If this continues Christmas could be bleak.

S&P Threatens To Cut UK's AAA!

S&P Threatens To Cut UK's AAA!
A collapes of the sterling is just one of the major events that could take out a large chunk of the rally.
Also look for messy problems from the GM BK, Califorina and its cash problem at the end July.

Greatest hits of our times :Market edition

Zero Hedge: Guest Post: One Thought Could Change Your Life

The Associated Press: Former head of pension agency takes the Fifth

The Associated Press: Former head of pension agency takes the Fifth
Cause I am sure there was no Conflict of interest that would make him guilty.

Fund Managers Burned by Obama Now Say They Are Wary - Bloomberg.com

Fund Managers Burned by Obama Now Say They Are Wary - Bloomberg.com
Even if you think it was need to cram down on the senior lenders in the Chrysler deal. It is the long term damage which is more concerning. The cooling effect will force the government to do more which in the end has to stop somewhere.

Mish's Global Economic Trend Analysis: Automotive Pension Disaster; $42 Billion in Pension Promises Completely Unfunded

Mish's Global Economic Trend Analysis: Automotive Pension Disaster; $42 Billion in Pension Promises Completely Unfunded

GM is going to mess.

Japan and its huge negative 1Q numbers

Timid in Tokyo afoe A Fistful of Euros European Opinion

Is California Too Big to Fail? - Megan McArdle

Is California Too Big to Fail? - Megan McArdle
Please let them default. There is no fix or bailout big enough to help them.

Congressman Ron Paul - Audit the Fed, Then End It! - Texas Straight Talk

Congressman Ron Paul - Audit the Fed, Then End It! - Texas Straight Talk
Presented without comment

I think the colloquial term for that is "slaves." - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip

I think the colloquial term for that is "slaves." - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip
Totally Great read.

Brace For Hyper-Inflation Must read of the day

Brace For Hyper-Inflation, 3

Great, next stop 1921 Germany. Hopefully we can skip the 1932-1945 period....

FT.com / Global Economy - Property slump worsens across the globe

FT.com / Global Economy - Property slump worsens across the globe

CRE Carange is now ramping up.

Och Stores Up Cash as Funds Brace for Stock Losses (Update1) - Bloomberg.com

Och Stores Up Cash as Funds Brace for Stock Losses (Update1) - Bloomberg.com

Another Hedge Fund questions the market

Zero Hedge: The Flagrantly Visible Hand

Zero Hedge: The Flagrantly Visible Hand
PPT in action? Obama tired of being whacked by the Markets? If so this will end very badly.

GM And Chrysler: The Revenge Of The Car Dealers – 24/7 Wall Street

GM And Chrysler: The Revenge Of The Car Dealers – 24/7 Wall Street#more-34812#more-34812Just more sign of problems to come.

Soak the Rich, Lose the Rich - WSJ.com

Soak the Rich, Lose the Rich - WSJ.com

It should be common sense that high taxes will make people leave.

craigslist blog » Blog Archive » An Apology Is In Order

craigslist blog » Blog Archive » An Apology Is In Order
What is up SC and other states targeting Craigslist? There reamin plenty of ways for services to be found on the web. In the end we need to have a conversation about what should be legal.

Zero Hedge: Angry Chrysler Dealers Demand Rights

Zero Hedge: Angry Chrysler Dealers Demand Rights

More fighting, and GM is now only three weeks away from this mess as well.

Greg Mankiw's Blog: The Latest Bailout Request HUMOR

Greg Mankiw's Blog: The Latest Bailout Request

Angelo Mozilo Explains How Fannie & Freddie Were His Enablers

Angelo Mozilo Explains How Fannie & Freddie Were His Enablers

We should be very scared of both. They are huge problems and we continue to pump into them without trying to fix them.

naked capitalism: Guest Post: BankUnited's Sordid History

naked capitalism: Guest Post: BankUnited's Sordid History

This will be on of the largest banks to collapase and the FDIC has not taken them down yet cause of the size.

"The Worst Is Yet to Come" If You: Tech Ticker, Yahoo! Finance

"The Worst Is Yet to Come" If You: Tech Ticker, Yahoo! Finance
Awesome read.

Geithner's Treasury Department Can't Get Anything Done

Geithner's Treasury Department Can't Get Anything Done

More problems under the hood at treasury.