Archive - 2010 - Blog entry

This isn't new stuff people - that cartoon is 100 years old and we fought against the evils of corporate greed and won at some point but now they've changed tactics and moved onto taking over government and brainwashing the masses so the American people now confuse the good of the corporation with their own welfare when they are, almost by definition - diametrically opposed.

There is a right way, then there is the wrong way...

From CNBC: UK ‘Vindicated’ for Refusing Euro: Chancellor Osborne... Whaaaattt????!!!! That’s not the way I remembered it.

I read your comments and I've been busy...

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

Everything is stacked up against the EU these days. Even the Fed.

Changes in pension accounting rules are going to wreak havoc on corporate profits. Just what we need, more earnings volatility!

Earlier this year, I noted that the European debt crisis was mimicking the US’s 2008 banking crisis almost to a T. Greece was the “Bear Stearns” issue: a minor player that was swallowed up in the drive to maintain the appearance of stability.

Then came the $1 trillion bailout, the equivalent of the Fannie/ Freddie “blank check”: a massive sum of money thrown at a problem meant to convey the illusion that the powers that be have everything under control and that systemic risk is non-existent.

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. … the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.

Frederic Bastiat (1801-1850)

I have looked far and wide, high and low, red, green, black and white...No one has designed a universal Anti-Bankster symbol to rally behind...

Put up or shut up ...

After a nice Thanksgiving spectacle of turkey, pumpkin pie, relatives, cool days of bright California sunshine, and college football, it's time to turn back to the serious business of the economy. Here is a review of the latest data. This is stuff you should know.

Those criticizing the use of dispersants were right ...

I go where the mainstream media fears to tread, presenting analytical proof that Ireland will have to default with debt to GDP passing the 160% level. Yes, that's post IMF/EU/Bilateral state banks leveraged too much into Ireland loan/Pension fund raiding bailout! In essence, Germany has admitted what the numbers scream - Ireland is already in default, and it has been staggered out into the future via this bailout. 2013 is the magic number, right Ms. Merkel?

Big day for BABs.