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.
Focusing on current trends and ways to profit from them "There's a sucker born every minute. These are the people who believe that this time it's different. "
Friday, May 22, 2009
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#$% with the AAA.
Translated into Italian.
You want us to nationalize you? You want to keep getting bonus? Then don't F#$% 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.
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.
Thursday, May 21, 2009
BankUnited FDIC take down.
FDIC: Press Releases - PR-72-2009 5/21/2009
Big Bank going down out of cycle.
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 :)
Now when you get some CDS or Loan problems come on back :)
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.
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.
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.
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.
Wednesday, May 20, 2009
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.
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.
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.
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.
Please let them default. There is no fix or bailout big enough to help them.
Tuesday, May 19, 2009
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....
Great, next stop 1921 Germany. Hopefully we can skip the 1932-1945 period....
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
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.
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.
Monday, May 18, 2009
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.
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.
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.
More fighting, and GM is now only three weeks away from this mess as well.
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.
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.
This will be on of the largest banks to collapase and the FDIC has not taken them down yet cause of the size.