Archive - Dec 2010 - Blog entry

The Danish tax authority has been robbed blind by a carbon trading scandal that has rocked the market for carbon off sets: while the story saw some press a year ago, significantly higher losses have since been reported and the MSM has ignored the story.

The data starkly show a comatose Wall Street being resuscitated with whatever financial might the Federal Reserve could pump into its tangled web of funding vehicles. It also points to how the Fed was dispersing sums which dwarfed the U.S. Treasury’s $700 billion TARP (Troubled Asset Relief Program) bailout program...

Are you the Ghost of Crashes Yet to Come?” asked E-Benron Scrooge, “I fear you more than any other spirit.”

Just in time for Christmas, On Wednesday, Dec. 22, U.S. gasoline prices hit an average $3 a gallon for the first time in more than two years, according to AAA's Daily Fuel Gauge Report. Meanwhile, U.S. stocks and oil also climbed to the highest levels since 2008.

From New Jersey to Canada, the pension pot is boiling and many will soon find out that there are no irrevocable rights to benefits...

Don't leave it to the experts ... economics and financial stuff is easy to understand!

A bet.

No. Tax cuts are good, but right now it's like pushing on a string.

Are those who have forgotten the past condemned to repeat it or has the market, like Scrooge, truly turned over a new leaf and will forevermore keep the bullish Christmas Spirit alive in its heart - heading ever higher, never again to come down? Ah, there's a Christmas fable we'd all like to believe in!

Get ready, get set, chop (I mean shop!)...

After the dotcom bust of 2000, these bad boys spent nearly a decade in the penalty box, shunned by the investing world as the poster boys for wild excess. During this time, cash balances doubled, free cash flows soared, outstanding shares shrank, and multiples fell to a tenth of their bubblicious peaks.
The lessons of the bubble made them ultra conservative in their capital spending, which will lead to product shortages and much higher prices in any recovery. There are short squeezes developing for a whole range of tech components. (CSCO), (IBM), (JNPR), (CSCO), (JDSU), (XLK), (QQQQ), (ROM).

“God Bless Bankstas, each and every one!” said Tiny Timmah...

The economic problem is not caused by sovereign debt but by bad bank loans, deceptive financial practice and neoliberal bank deregulation...

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Extend-and-pretend won't work for the economy, and it won't work for the Gulf either ...