Friday, May 21, 2010

FT.com / US / Economy & Fed - US state pensions becoming federal issue

FT.com / US / Economy & Fed - US state pensions becoming federal issue
Harsh choices are coming.

Thursday, May 20, 2010

Horrendous Close Already Has Investors Worried About A Friday Massacre

Horrendous Close Already Has Investors Worried About A Friday Massacre
As I wrote, the flash crash was not a error. It is people leaving the markets. 3 more points down to confirm.

Wednesday, May 19, 2010

To Greece: Nut Up Or Shut Up

To Greece: Nut Up Or Shut Up - The Market Ticker ®

CalPERS plans to seek $700 million more from state, school districts - latimes.com

CalPERS plans to seek $700 million more from state, school districts - latimes.com
You only to read this to see why CA is so screwed.

CalPERS doesn't need to ask lawmakers or the governor for permission to raise contributions. State law has long given the fund's board unilateral authority to authorize increases, which were set by others, but a 1992 voter-approved initiative gave the board the power to determine the amount of the increases.

Futures Down, Markets Tank Around The World, Euro Ready To Break $1.21

Futures Down, Markets Tank Around The World, Euro Ready To Break $1.21
Some one in Germany must have gone crazy. Continued Bickering will only undermine the Situation. Euro Target now parity with the dollar :)

Tuesday, May 18, 2010

Conspiracy of Banks Rigging States Came With Crash (Update1) - Bloomberg.com

Conspiracy of Banks Rigging States Came With Crash (Update1) - Bloomberg.com
Once again where are the bankers being lead off in hand cuffs?

Dow Theorist Richard Russell: Sell Everything Liquid, You Won't Recognize America By The End Of The Year

Dow Theorist Richard Russell: Sell Everything Liquid, You Won't Recognize America By The End Of The Year
And people say I am negative :)