Archive - Apr 2011 - Blog entry

More pension politics up here in Canada and more disinformation on Canada's pension myths...

Today was a quiet day in the market (even quieter than Bernie Madoff's trading floor on a triple witching Friday or...

The Oil market right now looks more like a Vegas style casino, but this April WTI rollover cycle would test the long standing argument that markets are never run-over by speculators.

“By doing this we will send a resounding message that government officials are no longer going to stand by and continue to allow MERS and their joint venture banking partners to profit at the expense of the very same people that they are abusing."

The official story is that Bergman's position was eliminated in a reshuffling at the Chicago Fed, though that excuse feels just as fishy as the Argentina one.

And the EPA is planning on raising them ...

Essentially, we are living in a fraud-based economy but it doesn't seem to be bothering anyone so I guess we shouldn't let it bother us.

No problem!

During the Great Recession plenty of money was made betting against the consumer. In 2010, the number of non-business bankruptcy filings grew by 8.8% to 1.5 million. While this number may seem high, it is significantly lower than the 31.5% jump in 2009. In the shadow of bankruptcy lead defaults lies Portfolio Recovery Associates, Inc. (NASDAQ: PRAA). With a market cap of $1.4 billion, PRAA is the leading receivables management company. Read more to see how you can cash in on their ability to collect.

It's coming to America. And we're going to hate it.

The continuation of my rant on stagflation, and why it is mistakenly being called inflation in the media and how all of it is being denied by US.gov.

I awakened Sunday morning on three hours of sleep, lucid of mind and filled with dread from an essay linked below that I’d read before going to sleep. Amidst the desiccated hell of Colorado’s, and the entire Southwest’s, pine-forest die-off and a disturbingly winterless winter, even my wife still doesn’t get it. She seems to think that because peak real estate valuations have held up so far in our Rock Creek neighborhood, that they will continue to hold or even rise. It’s difficult to say why prices have stayed aloft in here in Superior, Colorado, which lies just south of Boulder, about 20 minute from downtown Denver. Most likely is that it involves a combination of factors.

We live in
Belgium, a little country right in the heart of Europe. The country is in many
ways a small version of Europe. Most have heard of Brussels, which is not only
the capital of Belgium, but of the whole of Europe. Belgium is becoming a divided
country, with the two largest communities – the Flemish (Dutch speaking) and
the Walloons (French speaking) –  opposing
to each other on different levels, but mostly about financial issues.

AUDUSD and EURUSD are building a firm position in the strong long zone GBP pairs with the exception of EURGBP are in neutral territory. Today we have Construction PMI at 4:30 am EST, if this event results in a strong deviation from consensus its likely that we could see some changes in retail positioning

Even if you're not at risk of foreclosure, there could be legal ramifications for a homeowner if the chain of title has been lost. Watch the "60 Minutes" report and listen to Pelley's discussion with "60 Minutes Overtime" editor Ann Silvio about the findings of his reporting team.