Archive - Nov 3, 2010 - Blog entry

What do we get for $900B? Every-ting you want. Everything? Every-ting. So sock it to Bernanke because...

Norway's Auditor General recently issued a report to the parliament that was highly critical of Norges Bank Investment Management (NBIM), the arm of the central bank which runs the $512 billion Government Pension Fund.

My take on the "Big Plan".

Thanks a LOT ...

Gridlock can be a good thing. Don't expect much from the Republicans.

No more waiting, the Fed did it. And it's just the start.

Do I feel bad about that? Not anymore, they are going to get the economy they just voted for and that's survival of the financially fittest and we'd better get serious about it because no prisoners will be taken in the next round of "Survivor, America."

On this inauspicious day, as we collectively ponder today's smoke signals from the Keynesian Vatican, we offer this visual tribute to the man with a bottomless wallet...full of your hard earned cash!

Treasury issued its QE2 cheat sheet this morning. Also learn how Basel 3 will turn banks, traditionally known for taking deposits and lending, into hedge funds for sovereign and IG corporate debt. Loan sharks to presumably pick up the lending slack.

The Tea Parties have returned the 10th amendment and constitutional governance to the discussion, and clearly impacted elections. What they don't seem to talk about much is the weak dollar's role in our malaise. Absent changes in dollar policy, the Tea Party movement could be discredited too.

Let us think tactically about where we are, where we want to go and how best to get there, shall we?

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?

The following post includes Part 2 of the Alice Schroeder interview with Simoleonsense. My sources tell me that the last parts are the most revealing. So read this and stay tuned...

Truth is the first casualty of war ...