Archive - Jun 8, 2011 - Blog entry

Surge in stock markets helped US public pension plans recover but will it last?

Don't worry ... if anyone gets cancer 10 years from now, it will have been from hot dogs and cellphones, not Fukushima.

Our research analyst was interviewed by Carolyn Cui from Wall Street Journal regarding why we believe CME should have raised margins on silver earlier and had missed the best opportunity to do so.

By the time the "too big to fail" banks and their lobbyists get through with the rules, banks will be relatively free to pursue lending practices that existed before the crash.

A conspiracy is nothing but a secret agreement of a number of men for the pursuance of policies which they dare not admit in public.--Mark Twain

This is not even getting into the depreciation scam, which is another MASSIVE tax break taken by Big Business that is even larger than the tax avoidance scam we are discussing in this study.

The rise in systemic risk in HY credit markets has spread to equity and IG credit markets respectively as we forecast but we see a number of other indications that are very troubling. Financial systemic risk is up 23% in two months and at eleven month highs (aside from brief spike in Jan).

29 Statistics About Extreme Income Inequality In America That Will Blow Your Mind

We are in real trouble here folks. I am afraid that we are beyond the point of no return…

Stocks are MASSVELY overvalued today and we’re likely going to see a sharp correction if not something worse before the Fed begins another round of money printing. Once this correction ends, those looking for income might want to consider looking at high quality blue chip companies, MLPs, and other equity-based investments that offer decent dividends, rather than bonds.

Credit markets continue to show glaring concerns as European sovereign risk, global financial systemic risk, and global growth scares drive HY and IG to six month wides. The critical aspect is the potential to reverse the virtuous cycle that has maintained primary issuance - and we are indeed seeing this starting to happen.

Who's the fool?

I thought this story would die fast...I should have known better. Banzai7 will not standby while the rest of the comedy world has a field day!