Archive - Sep 10, 2009 - Blog entry

Does all this mean the W-recovery is off the table? Not necessarily. What it means is that there is a lot of liquidity in the system that will spur another asset bubble. And we all know that asset bubbles do not end well.

By my count the D.C. mortgage lenders have upward of $1 trillion of loans on their books that were made to achieve social objectives. This has been 'play money' for Congress and past Administrations for years. The boss at FHFA has told Congress this has to stop. Where are chips going to fall on this one?

This sugar story will leave a bitter taste in your mouth. 30 year old stories come back to life. What is the FDA doing? And What does Don Rumsfeld have to do with this?

For the third time, gold soared past the $1,000 level, causing the market to eye the precious metal's record of $1,033.90 reached in March 2008. While Citigroup is predicting a $2,000 scenario by next year due to continuing dollar weakness, a number of bullish factors, both near and long term, have converged to boost gold.

Biz is booming for guns and ammo. This is not one of those 'Green Shoots' however.