Archive - 2009 - Blog entry

Contrary to what you might have heard, higher military spending leads to HIGHER unemployment and lower GDP...

In the letter to the IASB, Jörgen Holmquist, director general of Internal Markets at the European Commission, said more assets might be marked to market under the new system than even under existing rules. He urged the IASB “urgently” to consider further changes.

Dodd's bill - while sounding good - is really an all-out attempt to save the current, broken system...

In this piece, we compare the relative performance of the 6 primary domestic equity markets, highlight extraordinary Fibonacci cycles on the VIX, illustrate possible dueling Head & Shoulders patterns between the S&P 500 and the VIX and address the current technical profile of the US Dollar

Saudi Aramco, national oil company of the world’s largest oil producer and exporter, decided earlier this month it will drop West Texas Intermediate (WTI) as the benchmark for pricing its oil for sale in the US market. The news instantly sparked speculation that other major producers would follow. Chavez (not surprisingly), reportedly already indicated Venezuela would follow Saudi’s lead adopting the new index.

Is this bill good or bad? What's it missing?

This from the FHFA. The private sector financial institutions nearly killed us. The public sector lenders might just finish the job.

For clues on inflation expectations in this carry-trade-crazed market, Tuesday’s auction of some $25 billion in 10-year treasury notes is something to pay attention to.

Disclaimer: The following set of links and associated cynical commentary touches on mature subjects and may not be suitable for some investors. Topics covered include: hyperinflation, sovereign default and yes, even investing in Zimbabwe.

Should we throw out capitalism altogether? Or would that be throwing out the baby with the bathwater?

Yes, you've been Bamboozled! Hoodwinked! You're being taken for suckers that not only can't count, but whose memories have been washed away by threats of swine flu and reality TV shows. Do not fret, though. What I have is PROOF of the great Banking Bamboozle, for all to see. Now, armed with this proof, all I need for you is to go out and do something about it.

Upgraded Failflu v2.0 spreads in Ukraine, Americans too stupid to buy a gold Maple for $50, windbag Chavez prepares for war against Columbia, Pelosi's health insurance bailout includes jail terms for Americans, Damon Vickers claims US Dollar Will be Utterly Destroyed

... the 'fixed period drop-off effect,' the differences between moving average methodologies, the true nature of the term “fractal” as applied to the structural composition of trading systems, the 'four basic qualities of great technical indicators' and a practical nuance within stochastic calculus that can help you anticipate what others are about to think.

The head of Goldman Sachs literally said he's doing "God's work" with his banking activities.

The head of Barclays also recently told his congregation that banking as practiced by his company was not antithetical to Christian principles.

Are they right? Is big banking as practiced by the giant banks in harmony with Christian principles?

In addition to PPT or other gaming of the stock market, here is another reason it can go up while jobs are crashing downward ...