Archive - Oct 2009 - Blog entry

→ Washington's Blog.

When a liberal labor leader and a conservative financial policy
analyst unite against something, you know that something is really bad (actually, I don't believe in the whole fake left-right dichotomy;  I think its Americans versus those trying to steal our wallets and our rights, but that's another story).

Why is M3 falling?

How bad will the luxury hotel market get? Well,,, Pretty bad. All of those BS, "better than expected" earnings surprises off of severely lowered estimates stem not from top line revenue gains or economic progress, but from hacking jobs and cost cutting. Ya' think those Four Seasons', et. al. hyper-luxury executive suites are included in those cuts somewhere??? Here are all of those pretty graphs and interconnected hyperlinks to help tell the story...

These are some of the more important stories concerning the European economy

Hey, the little banks are doing their derivative thang too!

In the ongoing debate between the so called freshwater and saltwater economists about how the US got into this mess and how we are going to get out, what somehow often gets lost are the prophetic words of Hyman Minsky. Investors would be well advised to understand Minsky’s ideas concerning financial instability, especially given the current market euphoria.

As I stated before, there is an unprecedented amount of liquidity in the global financial system that can easily lead to another bubble sooner than you think. Is the market "going to the moon"? You can call me crazy, but my bet is still that the market is going to the sun and it will melt up faster than it takes Bill Gross to blow out his midnight candles.

Many people are wondering what will, the impact of the proposed Cap and Trade legislature, be. A renown climatologist David Kreutzer Ph.D offered his view on the impacts of the proposed legislation in his testimony before The Energy and Commerce Committee on April 22nd 2009. This is what he said.

Unbelievable ...

Now, most of you know what happened to the oil prices, and where that lead us. Now multiply that by 10, and you will have a pretty good picture of the economy we will have IF, yet another time, a dark side of that what constitutes Humanity wins.

Is giving the Fed more power like appointing the head of the Medellin drug cartel as drug tzar?

These are some of the more important stories concerning European economy.

The Mother of All Carry Trades has encompassed the big banks in another one of the Biggest Bubbles of recent history – and very few even know about it. Here’s a few tidbits, Goldman Sachs is the most exposed in terms of tangible equity at risk, while JP Morgan has the most gross exposure.

The pension debate needs to reopened. It's not a Conservative, Liberal or New Democratic issue, it's about doing what's best for hard working Canadians. The reforms proposed today are simply not enough and will leave far too many Canadians teetering on the edge of pension poverty. Surely we can do better. We owe it to millions of Canadians that through no fault of their own, have fallen victim to vagaries of the market.

Fellow Zerohedge contributor George Washington parrots the lovely Janet Tavakoli and states his (her?) ire that the "Evil Vampire Squids" at Goldman SHOULD NOT have been paid at Par for their CDS trades with AIG.

I, for one, don't necessarily agree.