Archive - Oct 2011 - Blog entry

Hey, that FDIC insured hedge fund took massive prop trading losses despite many billions of $ in tax payer aid. If only I were as skilled... For those who believe Goldman is out of the hot water cauldron, all I have to say is watch out for that brother with the spear!

All you need to read.

The Eurozone debt crisis gets worse. Bankers interfere. And the truth comes out: "The dreams to see the crisis ended by Monday couldn't be realized," says the German government.

Want to know what Occupy Wall Street is about?  Watch this ...

Better late .....here is all you need to read.

Given the economic backdrop in the US and Europe, I remain convinced we’re breaking out of this range to the low side. I’ve warned to get defensive for over a month now. This week looks to be a good time to add to shorts as I expect we’re going to likely see a top this week as earnings season kicks into higher gear and the usual options expiration nonsense ends.

Due to the rampant misinformation and disinformation (please recognize and appreciate the distinct difference) being bandied about, I've decided to run the #s 1 more time and put it right here in this post.

'Nuff said!

Marine To the NYPD: "You can laugh all you want but it takes a coward to harm unarmed civilians"

Monday rants against established thinking

So lame is Europe’s latest attempt at spin control that Americans could view it as comic relief from our own worries about the U.S. economy’s accelerating death spiral. Creating a global diversion was doubtless a goal of the exercise, which featured Sarkozy and Merkel, president and chancellor, respectively, of France and Germany, posing for the photo-op unveiling of a scheme – sorry, no details at this time –  to put Greece and the rest of the PIIGS on sound financial footing. Never mind that France itself starts to look like a financial basket case if one scrutinizes their books too closely; or that the German people, if not yet their leaders, have lost their appetite for bailing out the rest of Europe. And never mind either that, rather than describing their supposed plan, Merkel and Sarkozy have merely promised to tell us more about it in the fullness of time – reportedly at a November meeting of Euroland’s potentates, wizards and feather merchants.

A new study concludes that so far, oil exporters were winners and oil importers losers of Arab Spring.  In aggregate, the Arab Spring has actually provided a positive economic boost across the region worth almost $39 billion.

Sell offs will likely remain contained as there will be willing “dip” buyers at lower prices.

Think again...

It's not just uninformed people who want to end the Fed.