Archive - 2010 - Blog entry
December 24th
Denmark Gives Away $7B USD, or 2% of GDP to Carbon Credit Traders
Submitted by Jack H Barnes on 12/24/2010 22:00 -0500The Danish tax authority has been robbed blind by a carbon trading scandal that has rocked the market for carbon off sets: while the story saw some press a year ago, significantly higher losses have since been reported and the MSM has ignored the story.
The Tax-Payers' Tab: a Cool $9 Trillion and Then Some
Submitted by ilene on 12/24/2010 14:33 -0500The data starkly show a comatose Wall Street being resuscitated with whatever financial might the Federal Reserve could pump into its tangled web of funding vehicles. It also points to how the Fed was dispersing sums which dwarfed the U.S. Treasury’s $700 billion TARP (Troubled Asset Relief Program) bailout program...
A SuBPRiMe CHRiSTMaS CaRoL (Part IV)
Submitted by williambanzai7 on 12/24/2010 02:51 -0500Are you the Ghost of Crashes Yet to Come?” asked E-Benron Scrooge, “I fear you more than any other spirit.”
December 23rd
Outlook 2011: Crude Oil & Gasoline, Escalator Up and Elevator Down
Submitted by asiablues on 12/23/2010 21:46 -0500Just in time for Christmas, On Wednesday, Dec. 22, U.S. gasoline prices hit an average $3 a gallon for the first time in more than two years, according to AAA's Daily Fuel Gauge Report. Meanwhile, U.S. stocks and oil also climbed to the highest levels since 2008.
An Irrevocable Right to Benefits?
Submitted by Leo Kolivakis on 12/23/2010 21:13 -0500From New Jersey to Canada, the pension pot is boiling and many will soon find out that there are no irrevocable rights to benefits...
Economics Is Simple ... The Fat Cats Just Want You to Think It's Complicated So That You Won't Demand Change
Submitted by George Washington on 12/23/2010 17:14 -0500Don't leave it to the experts ... economics and financial stuff is easy to understand!
Will The Tax Bill Stimulus Create Economic Growth?
Submitted by Econophile on 12/23/2010 15:17 -0500No. Tax cuts are good, but right now it's like pushing on a string.
Thoughtful Thursday – The True Meaning of Christmas
Submitted by ilene on 12/23/2010 14:12 -0500Are those who have forgotten the past condemned to repeat it or has the market, like Scrooge, truly turned over a new leaf and will forevermore keep the bullish Christmas Spirit alive in its heart - heading ever higher, never again to come down? Ah, there's a Christmas fable we'd all like to believe in!
CHRiSTMaS SHoPPiNG RioT iN HoNG KoNG
Submitted by williambanzai7 on 12/23/2010 14:00 -0500Get ready, get set, chop (I mean shop!)...
Load the Boat With Tech Stocks
Submitted by madhedgefundtrader on 12/23/2010 10:42 -0500After the dotcom bust of 2000, these bad boys spent nearly a decade in the penalty box, shunned by the investing world as the poster boys for wild excess. During this time, cash balances doubled, free cash flows soared, outstanding shares shrank, and multiples fell to a tenth of their bubblicious peaks.
The lessons of the bubble made them ultra conservative in their capital spending, which will lead to product shortages and much higher prices in any recovery. There are short squeezes developing for a whole range of tech components. (CSCO), (IBM), (JNPR), (CSCO), (JDSU), (XLK), (QQQQ), (ROM).
A SuBPRiMe CHRiSTMaS CaRoL (PaRT III)
Submitted by williambanzai7 on 12/23/2010 08:13 -0500“God Bless Bankstas, each and every one!” said Tiny Timmah...
December 22nd
Financial Interests Dictate Sovereign Policy
Submitted by ilene on 12/22/2010 21:55 -0500The economic problem is not caused by sovereign debt but by bad bank loans, deceptive financial practice and neoliberal bank deregulation...
Congressman Miller Joins Economists and Financial Experts In Demanding a Stop to Mortgage Servicer Fraud -- a Significant Cause of Foreclosures
Submitted by George Washington on 12/22/2010 19:10 -0500Please support their important efforts
The Oil BP Tried To Hide Has Been Discovered In Thick Layers On the Sea Floor Over An Area of Several Thousand Square Miles
Submitted by George Washington on 12/22/2010 17:17 -0500Extend-and-pretend won't work for the economy, and it won't work for the Gulf either ...










