Archive - Feb 24, 2010 - Blog entry
Is Bernanke Worried About Japanese Deflation?
Submitted by Leo Kolivakis on 02/24/2010 22:55 -0500In his testimony on Wednesday, Fed Chairman Ben Bernanke did not rule out the possibility that deflation risks could revive. Is he worried about what's going on in Japan right now? Or maybe he's worried about what Bob Prechter is calling the biggest bubble in history...
BKX Bank Index - Daily, Weekly & 135 minute
Submitted by Chopshop on 02/24/2010 15:36 -0500After running firmly in place, going absolutely nowhere, for 29 weeks, the BKX Bank Index is (still) coiling, (still) marking time before it leaps off the ledge. Tik-Tok, Tik-Tok. In the meantime, a very quick glance at daily, weekly & 135 min charts.
Economist With Financial Services Committee For Eleven Years, Assisting With Oversight Of The Fed, Supports Ron Paul's Questions
Submitted by George Washington on 02/24/2010 14:55 -0500Ron Paul's questions today sounded nutty ... but seem to be backed by an economist with the U.S. House of Representatives Financial Services Committee for eleven years, assisting with oversight of the Federal Reserve, and subsequently Professor of Public Affairs at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin
Foundation for the Study of Cycles: Gold to $2,000 By Late 2011, While Dollar and Stocks will Sink
Submitted by George Washington on 02/24/2010 13:10 -0500Obviously, even if they're right, gold could seriously correct in the meantime ...
Diamonds Are Still an Investor’s Best Friend
Submitted by madhedgefundtrader on 02/24/2010 10:23 -0500Diamond prices have jumped 30% since March, but the business is being turned on its ear. Your local neighborhood jewelry store is about to get wiped out. A 5% annualized return, with benefits. Eating Blue Nile’s lunch. The stock plunges a nausea inducing 20% in one day. What’s up with those toothpaste tubes? A consumer spending play with a turbocharger, and the reverse.
Don’t call me Mr. Doom, call me Mr. Realist
Submitted by Vitaliy Katsenelson on 02/24/2010 09:29 -0500
It's Supposed to Work, Dammit Part II: New Reports on Housing, Consumer Confidence, and Banking
Submitted by Econophile on 02/24/2010 01:49 -0500The Case Shiller housing report, the Conference Board's Consumer Confidence Index, and the FDIC Q4 bank report came out Tuesday with mostly negative results. Things like the biggest loan contraction since 1942 ought to grab your attention. These are significant numbers.
For Those Who Chose Not To Heed My Warning About Buying Products From Name Brand Wall Street Banks
Submitted by Reggie Middleton on 02/24/2010 00:56 -0500Some of the top secret AIG bailout info is out. One Goldman Sachs Guess who's at
the heart of it, making money by creating straight trash, selling it to
its clients then buying insurance to benefit from its inevitable
crash? I quote "divulging the names of the [trash] CDOs could erode their value: “We will be hurt because traders in the market will know what we’re holding.”.
