Friday, July 31, 2009

The Insurer Capco, a Pillar of Lehman, Begins to Look Flimsy - NYTimes.com

The Insurer Capco, a Pillar of Lehman, Begins to Look Flimsy - NYTimes.com
At times you would think the whole US Finanical industry is a huge ponzi scheme.

Q2 GDP: -1%, -6.4% for Q1

Q2 GDP: -1%
Really ugly number from Q1
If we get a revision down and things to do not improve we will be temping the 10% mark. A key indicator of a depression.

Tuesday, July 28, 2009

Dark Time

http://www.zerohedge.com/sites/default/files/The%20Dark%20Years%20Are%20Here.pdf

News from 1930: Monday, July 28, 1930: Dow 240.31 +2.83 (1.2%)

News from 1930: Monday, July 28, 1930: Dow 240.31 +2.83 (1.2%)

or a ringing heard in 2009

Germany in crisis: von Hindenburg's dissolution of the Reichstag is climax of long series of financial crises. After a remarkable economic recovery in the past five years, Germany's access to foreign capital has been cut off by the financial crisis; they're now faced with severe unemployment and need to bridge large budget deficits. Temporary dictatorship is an opportunity for drastic measures, though there is some worry that after new elections Socialists and National Socialists will gain. Some positives in continued export growth and solid condition of Reichsbank.

Insiders have quickened the pace of their selling - MarketWatch

Mark Hulbert: Insiders have quickened the pace of their selling - MarketWatch
Last one with stocks loses.

Sell Your House Now!

Sell Your House Now!
Timely

Monday, July 27, 2009

The Scary Reason Healthcare Can't Be Reformed

The Scary Reason Healthcare Can't Be Reformed
Some good thoughts about Heath care

Regional banks on the brink - MSN Money

Regional banks on the brink - MSN Money
Problems are not over for the banks by a long shot.

El Nino threat blows commodity prices higher - Telegraph

El Nino threat blows commodity prices higher - Telegraph
What is the differnce between a recession and depression-Famine

Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’

Raw Story » Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’
Awesome read

Citi ‘milestone’ as Washington takes 34% stake

FT.com / Companies / Banks - Citi ‘milestone’ as Washington takes 34% stake
In a shock to no one the bailout continue