Archive - May 2010 - Blog entry
May 16th
On Contagion
Submitted by Bruce Krasting on 05/16/2010 20:10 -0500A story of Ecuador and how things connect.
My Interview with MMNews, Germany
Submitted by smartknowledgeu on 05/16/2010 19:41 -0500Lars Schall of MMNews Germany has recently interviewed many outspoken critics of the inner workings of our global financial system including former Federal Housing Commissioner and Solari Inc. President Catherine Austin Fitts and Associate Professor of Economics and Law at the University of Missouri,Kansas City (UMKC) William K. Black. Below is my recent interview with Mr. Schall.
Futures charts; May 17th
Submitted by Cheeky Bastard on 05/16/2010 12:04 -0500Futures charts + open thread
Investor Sentiment: Neutral
Submitted by thetechnicaltake on 05/16/2010 11:29 -0500After 10 weeks of being "all in", the bulls have retreated leaving investor sentiment with a neutral reading this week. This seems kind of odd as you would think that lower prices would be welcomed by those of bullish persuasion. Oh well! The "sure thing" has turned out not to be a "sure thing", and those who waited for the all clear are either back on the sidelines or have positions underwater.
Ray Dalio's Principle #11
Submitted by Leo Kolivakis on 05/16/2010 10:59 -0500Outspoken hedge fund manager Ray Dalio isn't shy about sharing his opinions with employees and clients. His Principles are a must read for any organization. And please, have the guts to follow Principle #11. If you don't, you're just another slimy weasel.
May 15th
Fed Causes Art Auction Binge
Submitted by Econophile on 05/15/2010 18:22 -0500What do you think those bankers with perfect trading days in Q1 did with all the money they made? As Eli Broad said, "No one wants paper money — they want art.” This is the Fed's gift to these bankers.
Rick Santelli tells the truth about GLD and SLV on CNBC [Video]
Submitted by Cheeky Bastard on 05/15/2010 05:46 -0500Finally
Trichet echoes Merkl's call for a fiscally united Europe
Submitted by Cheeky Bastard on 05/15/2010 04:01 -0500Straight from the pages of "How to utilize a good crisis"; a manual written by Rahm Emanuel
May 14th
Stop Targeting "Greedy Bankers"?
Submitted by Leo Kolivakis on 05/14/2010 21:38 -0500Raghuram Rajan, professor of finance at the University of Chicago, and former chief economist at the International Monetary Fund was interviewed on Yahoo Tech Ticker peddling a message for Washington: Stop Targeting "Greedy Bankers" and Focus on Growth.
Hurricanes Could Spread Gulf Oil Inland
Submitted by George Washington on 05/14/2010 19:57 -0500Best and worst case scenarios ...
Mervyn King: "World's Worst Financial Crisis Ever"
Submitted by George Washington on 05/14/2010 17:08 -0500Yet another big name says this could be worse than the Great Depression ...
Where's Sarkozy When We Need Him?
Submitted by Bruce Krasting on 05/14/2010 13:00 -0500We may be in for more action this weekend.
The Fear Premium of Gold
Submitted by asiablues on 05/14/2010 06:44 -0500Many analysts expect gold prices to fall back near $800 an ounce over the next ten or twelve months as demand from jewelry has been weak, and that much of gold's recent strength has been speculative in nature. However, similar to crude oil, gold also has become an asset class in itself and trades beyond market fundamentals.
