Postings will be lite

Lite postings for the a few days I will be traveling

CDS weapons of mass annihilation

http://market-ticker.denninger.net/archives/849-Stop-OTC-CDS-Abuse-NOW.html

GE the ticking time bomb

http://zerohedge.blogspot.com/2009/03/ges-8-billion-downgrade-time-bomb.html

Now trading below $6 and with futures in June showing a huge increase at the $2.50 level. Things are not good from one of the largest comapnies in america.

Marc Faber: Farm and World War

http://www.bloomberg.com/apps/news?pid=20601080&sid=aa4KTmib46Uw&refer=asia

“Buy a farm and let your girlfriend work on the farm,” he said, to the applause of investors. “If the global economy doesn’t recover, usually people go to war.”

Euro zone services drop

http://uk.reuters.com/article/UKNews1/idUKSP48879820090304

More bad signs out of europe.

The overwhelming mood was grim, however, with the International Monetary Fund warning late on Tuesday the global financial crisis had shifted to the world's poorest nations and 22 might need as much as $25 billion

Wow 22 countries and increasing.


http://uk.reuters.com/article/businessNews/idUKTRE5231BG20090304

Also ITV cuts jobs and calls the downturn a "short term horror"

AIG worse decision ever.

http://www.ritholtz.com/blog/2009/03/solvent-insurer-insolvent-insurer/

It's On! CNBC VS Obama Round 2 Cramer take down

http://www.nbcphiladelphia.com/news/business/Obamas-Press-Secretary-Takes-on-CNBC-Host-Again.html
Obama takes on Cramer.

I especial find this funny cause Cramer was a Obama supporter!