Archive - Dec 5, 2011 - Blog entry

“As the U.S. economy and especially Wall Street and the banks were less and less focused on funding and financing real economic activity jobs, factories, commerce, the rise of the ersatz virtual world of credit faults swaps and over-the-counter derivatives, all of these gray markets—that are unregulated, that are not traded on exchanges, that have no transparency—were really a way for banks to generate income because they could no longer make their money on the real economy,”

The Fed says they are going to change the way they communicate. I doubt it.

Obummer  Wants to Veto the Indefinite Detention Bill Because It Would Hold the U.S. to the Geneva Convention

Truly, the only reason to buy into a stock rally here is based on the belief that the Fed or someone else is going to be providing more juice in the near future. 

"Most fans go wild when they see a a goalie make what looks like a great save, but the chances are what they are seeing is a save that was made from being out of position." --Mike Richter

Essential charts.

We are approaching resistance areas everywhere.

What is certain? If you take 1350 US dollars today, you may exchange them for 1000 euros.

All you need to read.

GPD Growth can't be solved by fiscal stimulus

The new dollar liquidity injection from 6 central banks essentially took the urgency out of a much needed decisive resolution.  More crises similar to the one in the Euro Zone popping up to the point of one Scary Grandioso--No more spare bailout capacity.