Archive - Apr 2011 - Blog entry

Big B tips his hand. What it might mean.

The very same banks that taxpayers bailed out, and saved from going completely belly up, are actually making consumers pay once again in the form of higher Oil prices, and the resultant higher gasoline prices at the pump

A federal board will soon propose that U.S. states disclose more about their pension funding as worries grow whether states and municipalities can pay for their employees' pensions...

For well over two years now we’ve been told that the US was in recovery and that as most the biggest risk was a potential double dip. The reality however was that the US never experienced a real recovery (unless you work at one of the “chosen” firms on Wall Street).

Going forward, we’re going to see economic data become even MORE divorced from reality, assertions that the economy is back on track, and that at worst there is the specter of a “double-dip” recession looming. Heck, even these fears are sugar-coated… literally (making an economic nightmare sound like an ice-cream sundae is a GENIUS marketing move).

The lack of water means the nuclear fuel is unshielded. Its gamma rays are rising into the sky and bouncing off air molecules through a phenomenon called "skyshine."

There is too much cheap money sloshing around markets these days. This is not a good thing for true market based price discovery, and ultimately leads to the creation of market bubbles.

BaNZai7 to quit blogging...

The Fed apparently has more empathy for foreign mad men then the American people ...

Sure we will hire more workers for the same total amount of money. This is what is known as the Vietnamization of America,...

When we talked about these kind of target prices for silver six years ago, when the metal was still trading below $10 per ounce, people would consider us cowboys. Nowadays, things are looking more realistic, but still investors can't seem to grasp a three-digit silver price.

Well, we've got news for you: our TP of $300 for silver could turn out to be too conservative!

The pension system for California's teachers has $56 billion less than it needs to cover the benefits promised to its 852,000 members and their families, the fund reported Thursday, as big investment losses in 2008 continue to reverberate...

As I warned last year, Portugal is on the verge of getting bailed out. Just like its already bailed cousins in insolvency, Greece and Ireland, Portugal declared to the very last minute that they didn't need, and would not ask for a bailout. Credibility is the key!!! What many may be missing is that the cause of all of this mess is the overleveraging of banks into over valued real estate. The default or restructuring of debt in Portugal, Greece or Ireland (or realistically a combination that may include larger countries) will spike rates that will make the 2008 real estate crash look like a bull rally. Here's the lay of the land...

The market was relatively quiet today as investors brace themselves for tomorrow's Labor Force Participation Rate Report...

USDJPY continues to march higher as a result of intervention, we are seeing retail long positions decrease for the first time in many months. USDCAD continues int its down trend whilst retail long positions at pretty much at the strongest we have seen them. AUD and EUR continue their march higher even though 60%+ traders are short.