Archive - Oct 2011 - Blog entry
October 26th
Glimmers of Housing Hope In Mortgage Applications Data
Submitted by ilene on 10/26/2011 12:17 -0500We're always more interested in the trend, and whether that trend is showing signs of change.
Germany is Already Printing Money… Deutsche Marks!!!
Submitted by Phoenix Capital Research on 10/26/2011 10:15 -0500Dr Pippa Malmgren is a former economic advisor to George W. Bush and a former advisor to Deutsche Bank. According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation of a possible withdrawal from the EU
Techies don't like you EURUSD
Submitted by Pivotfarm on 10/26/2011 10:07 -0500Does the technical view of the marfkets line up with fundamental?
USDJPY Pain continues!
Submitted by Pivotfarm on 10/26/2011 08:34 -0500Today USDJPY hit an all time low against the dollar trading at 75.71! Despite warnings from the BOJ that it would take "decisive action" to limit JPY strength, continued uncertainty out of Europe as a result of the debt crisis is leading to sustained JPY buying.
Will Markets continue the Sell Off as we put in big reversals yesterday?
Submitted by thetrader on 10/26/2011 07:42 -0500Markets reversed yesterday, now what?
Netflix: Hell Has No Fury Like Subscribers Scorned
Submitted by EconMatters on 10/26/2011 04:47 -0500For now, it seems most of the market bulls have leaned the lesson on Netlfix.
October 25th
HeY...HaVe You CHeCKeD OuT LaRRY'S UPDaTeD LINKED-IN PRoFiLe?
Submitted by williambanzai7 on 10/25/2011 13:22 -0500If you know what's good for you, you will pour your coffee into the sink before you look at this.
Phil Davis on BNN
Submitted by ilene on 10/25/2011 12:55 -0500Phil is interviewed on the Business News Network.
Guess Who’s Even More Leveraged Than the European Banks?
Submitted by Phoenix Capital Research on 10/25/2011 11:21 -0500The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s banking system (more on this in a moment), these levels still mean that an 8% drop in asset values wipes out ALL equity. Then you have Europe’s banking system, which is leveraged at 26-to-1. Anecdotally, this is borderline Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset prices wipes out ALL equity.
Is Larry Summers an Economic War Criminal?
Submitted by rcwhalen on 10/25/2011 10:09 -0500Where does Larry Summers get off giving Americans advice on how to fix the continuing housing crisis? And where does this political opportunist find the unmitigated gall to instruct us not to “finger point” and thereby identify culprits in Washington who helped enable the housing mess?
The Street's Most Intellectually Aggressive Analysis: I've Found What Bank of America Hid In Your Bank Account!
Submitted by Reggie Middleton on 10/25/2011 09:07 -0500I can honestly say that this is probably the hardest hitting (literally) expose on Bank of America Lynch[ing this] CountryWide you will ever come across. Here we illustrate exactly what BofA snuck into America
s savings accounts. It ain't just CDS and it ain't pretty!
On the (not so) Mega ReFi
Submitted by Bruce Krasting on 10/25/2011 07:31 -0500Thoughts on the ReFI.
Winners And Losers: The New Economy
Submitted by Econophile on 10/25/2011 00:42 -0500The economy has become and will continue to be more volatile and less robust for the foreseeable future as wealth is concentrated in the wealthiest segment of the country. This concentration is a direct result of the Fed's boom and bust monetary policy that steers capital into the financial markets instead into more productive uses. We are running on fumes as the top tier gambles. Instead of wealth being distributed widely throughout the economy as capitalism has done historically, we are now becoming an economy of winners and losers.
