Archive - Nov 2010 - Blog entry

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 ...

The subcontinent is poised to overtake China’s white hot growth rate. India will grow by 8.5% this year. Growth could exceed that in the Middle Kingdom as early as 2013. Financing and construction of huge transportation, power generation, water, and pollution control projects are underway. India is also a huge winner on the demographic front, with one of the lowest ratios of social service demanding retirees in the world. Many hedge funds believe that India will be the top growing major emerging market for the next 25 years. (INP), (FXI).

The market rallied today as election booths underflowed with discontented voters, unemployed workers looking for a warm place to hang out during the day, and douchey hipsters who thought the lines were for the Apple store.

Recent media reports in Florida and around the country, which reveal rampant error and fraud in the foreclosure process, have shown that courts should take particular care with foreclosure cases. Instead, in the rush to push foreclosure cases through the courts, Florida may be taking shortcuts and, in the process, forsaking constitutionally-required due process protections.

Today's U.S. mid-term election is widely expected to bring bad news for President Barack Obama. But according to Chris Hedges, the situation is way worse than that which is why he's written an obituary for American liberalism.

The latest dismal GDP data probably will cement an official kick-off of Fed's QE2 on Nov. 3. However, as more quantitative easing could further dilute the value of the dollar, pushing up the commodity prices, the system could be pushed beyond its limit into a possible “demand-pull stagflation” scenario.

The scam started at the top ...

Now they promise they’ve sobered up and learned their lessons and are expecting the voters to welcome them back with open arms and Wall Street could not be happier to welcome the new boss, who is the same as the old boss that let them operate free of rules and restrictions and not only bailed them out when their gambling spree lost them $4Tn...