Fannie And Freddie Are The Real Budget Busters, And They're Spending Money To Preserve An Accounting Fiction
All Money pits are good money pits :)
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. "
Thursday, February 11, 2010
Tuesday, February 9, 2010
Greece much worse, Goldman to blame???
http://www.spiegel.de/international/europe/0,1518,676634,00.html
Things look worse in greece, not a good sign.
Things look worse in greece, not a good sign.
Monday, February 8, 2010
History does not repeat it only rhymes...
http://www.businessinsider.com/biggest-bet-against-the-euro-in-its-history-as-investors-short-currency-2010-2
Holy Cow, it is 1992!!! For currency fans you remember when Soros almost broke the bank of england by shorting the pound. Looks like we are about to see something fo down in Europe!
Holy Cow, it is 1992!!! For currency fans you remember when Soros almost broke the bank of england by shorting the pound. Looks like we are about to see something fo down in Europe!
The Times of Monday, October 26, 1992, quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell.