Archive - Jun 2011 - Blog entry

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!

While not relevant to financial markets, our beloved friend and member of the financial community, Sachan Sapra, needs everyone's support. Sachan is taking part in a 160KM bike ride* for Oakville Hopsital's Palliative Care Unit. Palliative Care is a type of care that's given to patients when they are near the end to relieve and prevent suffering. It is the kind of healthcare that is overlooked and underfunded, but is very important as society ages. Sachan needs to raise a minimum of $1500 for this. But let's all unite and help him be the top fund-raiser.

http://www.thehealingcycle.ca/Rider/2049/

India's stock market about to tank?

Thomas Jefferson would have approved ...

The adventures begin...

Not only are the PDs treating Treasury paper like last week’s garbage, banks in general are also dumping the stuff.

Are we Men (and Women) ... or are we mice?