Archive - May 19, 2010 - Blog entry
Professor of Mechanical Engineering Estimates that 4 Million Gallons of Oil are Leaking Every Day
Submitted by George Washington on 05/19/2010 20:18 -0500How much oil? A LOT ...
Another Trillion Dollar Bailout?
Submitted by Leo Kolivakis on 05/19/2010 20:16 -0500Joshua Rauh, associate professor of finance at the Kellogg School of Management at Northwestern University said that, without reform, some state pensions might run out within the decade. By 2030, as many as 31 states may not have the money to pay pensions. And, if these funds exhaust their assets, the size of payments for the benefits they have promised will be too large to cover through taxes, putting pressure on the federal government for a bailout that could potentially cost more than $1 trillion.
The First Thing We Do, Let's Kill All The Speculators
Submitted by Benjamin N. Dover III on 05/19/2010 16:29 -0500An open letter to Angela Merkel.
New BP Insertion Tube Isn't Working
Submitted by George Washington on 05/19/2010 13:26 -0500S-T-R-i-k-e 3 ...
Watching the Second Coming at the New York Hard Asset Conference
Submitted by madhedgefundtrader on 05/19/2010 09:23 -0500Welcome to the conference of bull markets. Gold hits a new all time high during the conference. Catering to the hard core faithful who suffered a 20 year bear market in hard assets, and even hung on during the dark days when gold plumbed the depths to $260/ounce in 1999. The nuclear power boom in China and the coming renaissance in the US. The new poster child for hard assets: the rare earths.
The Ten Crack Commandments (and the Notorious F.E.D.)
Submitted by EB on 05/19/2010 08:36 -0500When viewed through the lens of a common street hustler, the global central banking system reveals itself to be just that: a hustle. Learn the hustle and you have a chance at profit. Ignore it, and you will lose.
No One Can Say I Didn’t Warn Them About Goldman Sachs, Several Times…
Submitted by Reggie Middleton on 05/19/2010 05:07 -0500You heard my warnings about the "best of breed", "incomparable on the Street" (and all of the other groupie talk, worshiping phrases thrown at this company) Goldman pillaging clients and of their excessive overvaluation for over two years in BoomBustBlog, yet now the mainstream media is starting to catch on as Goldman's stock plummets (down over $5 yesterday and over 20% for the month, with more to go). I wonder when they will get around to the other investment banks and FIRE sector companies that I warned about. Let's reminisce...
