Archive - Oct 2010 - Blog entry

L. Randall Wray (economics professor), Christopher Whalen (banking expert with Institutional Risk Analytics), and William K. Black (professor of economics and law, and the senior regulator during the S & L crisis) explain ...

A little knowledge of history can be a dangerous thing. We are trapped in a runaway Toyota, with the doors locked and broken, the accelerator stuck on the floor, careening towards a cliff at 100 miles per hour. Gridlock assures we can do nothing about it. Be careful what you wish for. This is what lost decades are made of.

This is not some voice from the peanut gallery...

And now it has come to this. With the Fed set to print more dollars than there is available rag paper (though they will soon be able to use the tattered clothing of the homeless and long-term unemployed to make up for that shortage), the US Treasury issued TIPS at a negative yield for the first time in history.

Joe Saluzzi is warning us not to trust the rally. But performance anxiety is hitting asset managers who are now scrambling to make up the difference...

Timmy took a big doo doo on the rest of the World as he pressed fellow Finance Ministers into (in theory) setting mechanisms to address trade balances (which means export countries need to strengthen their currencies against the dollar) while importing countries (like US) should not try to manipulate their own currency. Well, that sounds reasonable EXCEPT, before the ink is even dry on the G20 release, Timmy flies off to China to get them to commit to revalue the Yuan...

Get Bernanke's answer...

Blogs, Banks, Derivatives Risk and the Fiery Sword of Truth: This One Has It All - Even a step by step guide to the TRUTH!

With the Bank of Canada lowering their economic outlook for the third quarter, the BoC maybe accurate as many of the most recent data points have remained tepid. These data points indicate that the Bank of Canada will most likely sit tight on any further monetary tightening at the next policy meeting.

Fraud? What fraud?

It depends where you live, your race, income and age ...

Having rallied virtually non-stop since the beginning of September, stocks are now about to come up against MAJOR long-term resistance in the form of the 200-week moving average.

After observing the considerable amount of interest over my most recent article, The Astounding Failure of the US Educational System that has received more than 15,200 reads thus far, I have decided to extend that article into a 3-part series. Here’s Part 2.

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs. So what are the signals?

I suggest you keep this map handy for the rest of this week...