Archive - Nov 26, 2010 - Blog entry

As soon as the ink dries on the IMF loans, the second occupation of Ireland will begin, only this time there won't be armored cars and Paramilitaries in fatigues, but nerdy-looking bureaucrats trained in the art of spreading misery.

Only if we stop the speculators from profiting from this game will it ever end. The reason there are no runs on banks in China and Russia isn't because their banks are more solid - I'll bet there are Chinese banks who have nothing but a fortune cookie in their vault - but the difference they will cut your head off if you try to run their banks.

Art imitates finance...

With Black Friday kicking off this morning we have focused our attention on retail stocks we find attractive.

The BoomBustBlog contagion model easily predicted the actions of the UK and Sweden in aiding Ireland 9 months ago. To date, the model has been quite accurate and has some dire predictions for the near future. Here's how we predicted the chain of events of Ireland, the UK and Sweden to date, and sneak peek of what we see is in store for the near future.

Next year, IMHO, we are going to see a further sharp decline in residential home prices as the tide of foreclosures begun in the past year starts to clear the courts and move to market via involuntary sales. The same thing is happening in Spain, by coincidence.