Archive - May 2010 - Blog entry

Manipulation in commodity prices continues via employment of non-deliverable, cash-settled only, dollar denominated futures contract for Crude Palm Oil

With six consecutive intraday triple digit swings from high to low in the DJIA index beginning last Thursday, volatility has returned to US markets with a vengeance. So who’s going to win the battle between the bulls and bears now? With the loss in confidence in global markets and the further exposure of the rigging games of markets precipitated by the 700 point drop in the DJIA in ten minutes last Thursday, sustained volatility and further corrections are likely in our near future. If so, then where’s the safest place to be now?

Things are starting to heat up. Video below the article.

As we "socialize debt", we risk seeing more drastic adjustments in currency markets, and the world could very well be heading towards parity.

Portuguese National Statistics Institute reported yesterday that the average debt-to-equity percentage of Portuguese companies has reached a staggering 140%. In the economy which is now perceived as the next problem within EMU, such high average percentage of enterprise debt will not only have a big impact on Portuguese economy, but also on EMU in general.

Futures charts + an open thread

Random thoughts on the FX market.

Here's a partial list of ways in which we've REALLY been bailing out the behemoths.

Why the euro-bailout won't work, what will happen when it fails, and what they should do about it.

Our friends at WJB shared these pictures with us earlier today. We’ve been smiling since. Interestingly, we saw a very similar sentiment set-up in September-October 2009, when we wrote "A Gold Mine is a Hole in the Ground with a Liar on Top."

This is a European bank that is thoroughly insolvent, and this is without counting the fact that its sovereign debt holdings will probably drag it 3 fathoms below sea level, yet it is trading at one of the highest premiums in all of European bankdom!

Got Gold?

USSR-ization of the EU can now officially begin.

According to Jim Leech, president and CEO of the Ontario Teachers’ Pension Plan, the failure of pension plan legislation and design to keep up with the times is hurting the ability of Canadians to prepare for retirement. He's right and it's high time we revamp Canada's pension system.