Archive - Jun 2011 - Blog entry
June 29th
Winning Wednesday - Markets Make Sense to Charlie Sheen
Submitted by ilene on 06/29/2011 13:38 -0500How many times can the market rally on the same news - news that we know is nothing but BS number shuffling out of Europe that pushes the Greek crisis back for a year or two and nothing more?
A EURO PLuMBiNG We WiLL Go (The Wisdom The Three Stooges aND MoDeRN FiNaNCe)
Submitted by williambanzai7 on 06/29/2011 12:52 -0500This ain't a house, it's a sieve...
Federal Withholding Tax Data Says US Already In Recession
Submitted by ilene on 06/29/2011 12:06 -0500Then things fell apart. The government was peeling off its stimulus programs, gas and food prices had skyrocketed, and suddenly on May 17 tax collections fell versus the same period last year.
Finding Investment Treasures in International Markets
Submitted by Vitaliy Katsenelson on 06/29/2011 11:58 -0500Wherever you put your money, it’s important to stick to your investment discipline.
Financial Reform Destined to Fail-Hoenig
Submitted by thetrader on 06/29/2011 11:15 -0500We have heard it all before. Self regulation, too big to fail, must be saved, bail out, tax payer paying the bill etc. Hoenig, not overly positive on the too big to fail institution, gives his view on the subject.
Spain's Cajas hiding Debt
Submitted by thetrader on 06/29/2011 10:43 -0500The biggest Elephant, still around, Spain’s troubled Cajas, are reportedly hiding large amounts of Debt. We have written extensively on the Spanish Economy and the problems it faces. Spain next up? Watch those CDS prices. Translated by Google, El Confidencial.
Greece is fixed, or?
Submitted by thetrader on 06/29/2011 10:04 -0500The Greek vote went great. Now we just have to fix the Economy. Remember, the ship is still sinking. After Greece short term liquidity has been “fixed”, we expect the problems in Spain to regain attention. Kathimerini on the Vote;
The Beginning of the End of the Beginning of the Gutting of the Big Banks Has Begun!
Submitted by Reggie Middleton on 06/29/2011 08:27 -0500In 2009 I warned that putback risk will be the harbinger of big bank downfall. Not much was made of it then, but to quote WSJ now, $8.5 billion in putbacks for BofA could "embolden mutual-fund managers, insurance companies and investment partnerships to seek similar settlements with other major U.S. banks by arguing that billions of dollars in loans they bought before the housing collapse didn't meet sellers' promises or were improperly managed."
Debtocracy-"Don't fight the Doctor....."
Submitted by thetrader on 06/29/2011 05:31 -0500The Greeks invented Democracy, but it seems they also gave the World Debtocracy. Don’t forget to check the subtitles box before watching the video.
“Don’t fight the doctor……”
China Overheating, Shilling's part 3
Submitted by thetrader on 06/29/2011 05:15 -0500China is struggling with inflation, speculation, an increasingly polarized society and even some social unrest. Shilling continues his 5 part China article today on how the country is strolling along the path leading to Hard Landing.
Next step towards Hyperinflation in the UK: Rationing!
Submitted by Smart Money Europe on 06/29/2011 02:51 -0500Fear is creeping in...
June 28th
A DoG aND HiS MeaL (plus FLiGHT oF REDICARUS)
Submitted by williambanzai7 on 06/28/2011 23:25 -0500Here Troiky, dinner time...
No Recovery - Next up, Resession or Collapse?
Submitted by ilene on 06/28/2011 20:57 -0500Recession and/or brink of collapse?
