Archive - Aug 11, 2010 - Blog entry

Until I began to examine the Dodd-Frank financial overhaul bill I had no idea that it would so significantly change the direction of the United States. It's scope is so vast and pervasive that it is difficult to grasp its totality. I wrote this article to try to explain this and why I believe it is so important for us to understand it. Because of its complexity it was not possible to do this briefly, so I wrote this major "white paper" and divided it into four parts to make it easier to digest. Please stick with me for the next four days; your eyes will be opened.

A decade from now, it will not be stock investors complaining about a lost decade, but owners of bonds. Is the final blow off top in the great 30 bull market in bonds at hand? PIMCO’s Mohamed E-Erian says that there is a 25% chance of real deflation hitting the US. The higher bonds go, the more imaginative the explanations become as to why it should continue. (TBT), (TMV)

Did the Fed blow it or are Wall Street crooks gearing up for another big payday?

There is no rule that has not been broken.

I'd be Surprised if any of my readers were Surprised by the Surprises announced in the sovereign economies these days...

???

Keynesian stimulus can't be examined in a vacuum.

Markets in a Flash

· The JPY continues to look strong today. The JPY/USD continues its trend and is making new highs.

· The EUR/USD is trading just above the 1.3000 level. It has bounced of the resistance today and may possible go through as people abandon risk for the greenback.

· US equity futures are lower by over -1.0% this morning following the fall in worldwide markets.

Amazon, Barnes and Noble, and Apple now have to compete with free eBooks from the public libraries that play on $100 android tablets or directly from your cell phones. Is the commercial eBook/eReader business model DOA? It certainly looks like it...

If monetary debasement can truly create economic recovery, why did our Founding Fathers establish, in the US Coinage Act of 1792, that any persons discovered to be deliberately debasing US money "shall be guilty of felony and shall be punished by death"?