Why The Fed Is So Desperate To Keep Its Bailout Gifts Secret
History rhymes we like to say here. In this case Ben may be listen but I think it is off base since most consumers only care about the FDIC, but shareholders would pound banks in trouble.
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, August 28, 2009
Treasury Document Called AIG Investment ‘Highly Speculative’ - Bloomberg.com
Treasury Document Called AIG Investment ‘Highly Speculative’ - Bloomberg.com
Gosh wonder why the government did not mention this before? Oh yeah we need to save the system. Right.
Gosh wonder why the government did not mention this before? Oh yeah we need to save the system. Right.
Thursday, August 27, 2009
Be Patient With Gold
Be Patient With Gold
I have not ranted on gold in awhile, but as part of my big in 2010 predictions I mention gold would underperfrom and disappoint. Clearly this author wants you to hold on. It is going up. Here is a clue. All things bubble then collapse. As a final question who can eat gold :) Just saying if the end time comes, what good is gold?
I have not ranted on gold in awhile, but as part of my big in 2010 predictions I mention gold would underperfrom and disappoint. Clearly this author wants you to hold on. It is going up. Here is a clue. All things bubble then collapse. As a final question who can eat gold :) Just saying if the end time comes, what good is gold?
April 2007: when Gordon ignored the warnings | Coffee House
April 2007: when Gordon ignored the warnings Coffee House
Plenty of people knew there where problems. No body wanted to stop the money train.
Plenty of people knew there where problems. No body wanted to stop the money train.
GDP Revision (Unchanged) Is Good News
GDP Revision (Unchanged) Is Good News
Not really. We continue to shrink and business is not spending. Q3 may be ugly.
Not really. We continue to shrink and business is not spending. Q3 may be ugly.
Wednesday, August 26, 2009
Tuesday, August 25, 2009
Is Banco Santander The Canary In The Coalmine
Is Banco Santander The Canary In The Coalmine
Spain has big problems.
Spain has big problems.
Cumberland Advisors - Market Commentary
Cumberland Advisors - Market Commentary
Buying some cheap USO calls at $48 for OCT 2009
Buying some cheap USO calls at $48 for OCT 2009
Monday, August 24, 2009
FDIC report tomorrow
Will it start a bank run? Tomorrow the FDIC will likely report they need to borrow money from the Treasury. Is that enough to panic people? Hard to say but I lean towards no.
Calculated Risk: Bank Failure #81: Down Goes Guaranty
Calculated Risk: Bank Failure #81: Down Goes Guaranty
3 more along with the big one. MW called for 300 this year. I think we are on track to push past that.
3 more along with the big one. MW called for 300 this year. I think we are on track to push past that.