Archive - May 2011 - Blog entry

Indeed the CFTC's allegations are a how-to guide for any small group of energy traders that want to move the NYMEX up and down 5% at will.

We have...

Each claim of collusion - such as between Lloyd "Doing God's Work" Blankfein and Ben "We're Not Printing Money" Bernanke - must be judged on its own merits, either disproven or proven by the facts. But keeping it secret for years ... pfffft ... that's the easy part

I called it the coming RE Depression in 2007! I put MY money where my mouth was and sold off all of my investment real estate. I put YOUR money where my mouth was and shorted all that had to do with real estate (REITs, banks, builders, insurers). I called almost every major bank collapse months in advance. I warned the .gov bubble blowing does not = organic economic recovery. Now I'm saying we need to, and will, continue what's left of the crash of 2009, with ample global company. There will be no RE recovery this year, and there will be a crash. OK, you heard it here!

For now, the markets seem to be pricing in an eventual orderly resolution of the Greek debt crisis. As long as a unified and clear solution remains elusive to the Euro Zone, euro would continue to weaken against the dollar, while gold would prosper on fear and uncertainty.

Cracks are not spreading on the façade, real estate sales are not falling, and that the economic engine is not starting to sputter. China has literally been building a Rome a day. But 160 million are expected to move from the hinterlands to urban areas, enough to soak up this excess. The country’s real challenge arises when its demographic pyramid starts to invert in about five years. When that happened in Japan, a 21 year bear market followed. (FXI), (CYB).

You’d think that the world’s largest economy (and home of the world’s reserve currency) exceeding its debt limits would be big time news. But we’ve yet to hear a peep about it from the mainstream financial media. It’s even stranger that we haven’t heard mention of the fact that the US is in fact RAIDING pension funds to continue to fund its debt.

More spying on elite funds like Paulson & Co., Soros Fund Management, SAC Capital Advisors, Citadel Advisors, Renaissance Technologies and Baupost Group...

A special report...With the latest ball breaking EURO BAMA updates. [ABSOLUTELY NO COFFEE OR ORANGE JUICE ALLOWED!]

Obama says we should "look forward" instead of prosecuting Wall Street fraud. That guarantees that we will have more economic crises.

Similarly, if we only "look forward" and never look back at unanswered questions, it will ensure more hanky panky in Iraq ... er, Libya ... um, Iran or elsewhere ...

Greece says it will not default because it has made a perfectly circular argument against default, and we all know that Circular Reasoning Works Because Circular Reasoning Works Because...
Greece is Guaranteed to Default. It's shouldn't even be up for debate since it is simple math: 2+2=4, not 3. I've laid it all out for you below, complete with the requisite advanced mathematical formulae (2+2...)

For those who watched television with any frequency in the 1980s, they surely remember the ubiquitous presence of Robin Leach, host of Lifestyles of the Rich and Famous. With a recovering economy having powerfully revived the ability of Americans to grow very rich, Leach's show was a guilty pleasure for those eager to see how they lived.

While the commodity complex has been on a tear ever since the global recession cooled, there is one commodity that has been going nowhere: Natural Gas! Yet, we have been receiving hints that this game is about to change.

The stock market peaked last February, not on April 29, as the indexes are suggesting. The stock prices of the best run companies in the most profitable industries are rolling over like the Bismarck. The best case is that we are nearly three weeks into a 10% correction that will take us to the 200 day moving average for the (SPX) at 1,234. (AAPL), (GOOG), (GS), (FCX).

A special presentation from the Banzai7 Institute of Behavioral Finance and Montary Schlemielery...