Archive - Oct 19, 2010 - Blog entry

Timberrrrr. The market sold off today as a result of tech companies posting earnings that failed to titillate the street, China raising their interest rates to try to stave off an asset bubble that soon may be only a prick away from popping, and the rent still being too damn high.

The statistics that the government pumps out have been meaningless for decades. The true number of unemployed is closer to 30 million, or about one in five working age Americans. The economy is obliterating jobs far faster than anyone realizes. As many as 25 million jobs were exported to China and other low waged emerging markets.

Bulls were "caught offside" on Tuesday but something tells me we're about to take off again...

Chicago Fed President Evans said that we are in a Keynesian "liquidity trap" which means monetary policy isn't working. As a result the Fed hasn't been able to stimulate the economy because you stupid consumers refuse to spend and are saving money. He thinks they can carry out the Fed's mandate of "full employment and stable prices" by creating inflation. That is, we need to debase the dollar with more fake money and things will be grand.

As the putback parade gets going, the question is not whether the banks can afford to buy back the mortgages. The question is “Can the Banks Afford the Instantaneous and Guaranteed HIT to CAPITAL?” What investors will lend money to see it instantly evaporate, and how much will they charge for those evaporation services? TARP 3.0 coming to a door step near you!!!

The Democrats do the same nothing about this scam that the Republicans did while the American people pay tens of Billions of dollars every month to speculators like GS, JPM, C and other market manipulators who buy oil they have no need of and store it on tankers to fake demand and wait until the last minute to cancel contracts to make sure supplies are in a constant state of disarray - all in order to reach into the American consumer’s pocket and steal as much as they can from one of the few things you can’t do without.

Sheila shows a weak hand.

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Increased Competition begets more pressure on margins. It's simple business 101. But "Apple's margin pressure came from growth so rapid that they couldn't source the components fast enough" you say. I say you should just take a closer look at that story before you go around repeating it... Maybe the Android will listen to it?

Episode QE3 of the Scam Trek Series takes ZH readers on a guided tour of select "Garage Mahals," "Hummer Houses" and "Faux Chateaus" located on postage stamp lots somewhere in the verdant Northern quadrant of the Borough of Queens, New York City. Ahead Warp 3 Mr Zulu...

Banking and fraud were born into our global word as Siamese brothers, inseparable since birth. And just like Siamese brothers, if ever separated, they would likely die together as well. But how well do we really understand the illusory empire of the banker-influenced commodity world, where bankers often create artificial supply and artificial demand numbers to set real prices? Here, we take an inside look into this complex, often-misunderstood Empire of Illusion.

This daily report is designed to help traders find opportunities to trade against this group. The premise is very simple we are looking for 66% of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair. The pairs that we feel offer the highest opportunity for success are described in the Short and Long Zones.