Archive - Nov 10, 2011 - Blog entry

Although the title says “in Massachusetts,” many of its salient points have broader application. If you really want to understand MERS, I suggest making time to read this one in full.

"This will not be resolved quickly or easily." Maybe it will never be resolved. 

You can't handle it. 

Once again, it is time for the Banzai7 Thursday Rip! [COFFEE IS ABSOLUTELY PROHIBITED]

As far back as May 2011, Bernanke admitted the benefits of QE were less attractive. Now he’s not only admitting that asset bubbles exist (something Greenspan never admitted) but that Central Banks may even need to “burst” them!?!? In plain terms, the Fed will NOT be launching another round of QE or major policy changes until the next round of the Great Crisis hits in full force. And by that time it will be pointless anyway as once the defaults begin, the leverage in the global banking system will implode rapidly.

Missing customer funds might be those of MF Global itself.  Also, JPM gets to keep any and all collateral and cash it seized in return for $8 million?

European Central Bank policy makers said the bank can’t do much more to stem the region’s sovereign debt crisis, suggesting they are reluctant to significantly ramp up bond purchases to lower Italy’s borrowing costs.

The overwhelming majority of media content being created now in 2011/2012 (film, television & music) is being BLINDLY financed with hopes that NEW reliable and profitable media streams will emerge quickly before the "old" income streams completely dry-up.

It was self-defense! Those skinny students must have been terrifying to those poor "peace officers" in riot gear ...