Archive - Feb 2010 - Blog entry

February 28th

Bruce Krasting's picture

Some Thoughts on Fannie's Horrible Year





What do you do to follow up a massive $75 billion dollar loss? Work hard and see if you can break a $100b this year. Should be a piece of cake for our boys at Fannie.

 

February 27th

Leo Kolivakis's picture

An Extraordinary Coup?





While US workers are now working more hours and have become dramatically more productive and profitable, their pay is actually declining and all the dramatic increases in wealth are going straight into the pockets of the Economic Elite. The financial coup that begun in the US is now spreading across the world, threatening the fabric of our societies. How will this all end?

 

Leo Kolivakis's picture

Another US Slowdown Will Jolt Private Markets





The Economic Cycle Research Institute's Weekly Leading Index stood at 128.4 for the week ended Feb. 19, the lowest reading since November 13, 2009, suggesting growth will slow by mid-year. What does this imply for pensions that are very exposed to private markets?

 

February 26th

George Washington's picture

"Bernanke Warned Congress On Wednesday That The United States Could Soon Face A Debt Crisis Like The One In Greece"





"It's not something that is 10 years away. It affects the markets currently," he told the House Financial Services Committee. "It is possible that bond markets will become worried about the sustainability [of yearly deficits over $1 trillion], and we may find ourselves facing higher interest rates even today."

 

George Washington's picture

Pallet Tim





Geithner has long been a yes-man to the powers-that-be, who ships pallets of money wherever he is told without question or any follow-up or tracking whatsoever. ..

 

bmoreland's picture

Bank of America Gaming Government Loan Guarantees





A review of Bank of America's 4th Quarter Call Reports reveals obvious shift of Delinquency Liability to Taxpayers.

 

madhedgefundtrader's picture

Why I’m Not Touching This Rally in Oil





The shrinking contango does not bode well for prices. US hedge funds are operating the world’s second largest navy. You could almost walk across the Caribbean without getting your ankles wet. Don’t buy any more oil at these prices than you can use in your salad dressing. The “monetary” demand for oil is on the wane. There is just a pig in the python in that has to be digested. (USO)

 

Reggie Middleton's picture

About the Politically Malleable FASB, Paid for Politicians, and Mark to My A$$ Accounting Rules





If the engineered bear market rally is running off of the FASB generated lies, then we certainly do have another crash coming, don't we? It truly is a damn shame how the financial integrity of this country has been sold to the highest bidder through the most influential lobbyist. Don't they realize they are destroying the essence of what makes the American markets the global leader - the perception of transparency, honest accounting and reliable financial reporting?

 

Leo Kolivakis's picture

Caisse Reports 10% Return for 2009





Quebec pension-fund manager La Caisse de Dépôt et Placement du Québec generated a return from its investments of 10% in 2009, a sub-par number when compared to other Canadian pension funds but a dramatic turnaround from its catastrophic loss of $40 billion in 2008.

 

February 25th

smartknowledgeu's picture

Why China’s Rumored IMF Gold Purchase, If True, Would Be of Huge Significance





A yet to be verified story from Rough & Polished, a Moscow based website, reported that China had “confirmed its decision to acquire 191.3 tons of gold auctioned by the International Monetary Fund.” Of course, until official confirmation comes from China, no one will really know if this story is true or not. However, if true, here’s why this story would be hugely significant to the gold market.

 

Econophile's picture

Expect the Unexpected





Why is it that the data of the current economic reports coming out are "unexpected" by most economists? Today new unemployment claims and durable goods orders came out and were termed "unexpected." There is a reason. You should learn to ignore (most) economists.

 

George Washington's picture

More Evidence that the Fed Sent Money to Iraq





"In a 13 month period from May 2003 to June 2004, the Federal Reserve sent nearly $12 billion in cash, mainly in $100 bills from the United States to Iraq. To do that, the Federal Reserve Bank in New York had to pack 281 million individual bills ... onto wooden pallets to be shipped to Iraq. The cash weighed more than 363 tons and was loaded onto C-130 cargo planes to be flown into Baghdad"

 

Econophile's picture

Support 'America Saves Week' or Spend?





Team Obama wants us consumers to spend, spend, spend. Somehow Comptroller of the Currency John Dugan didn't get the message since he supports 'America Saves Week' and wants us to save and feel financially secure. I like this guy.

 
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