Archive - Jun 2011 - Blog entry

By William Banzai Yeats

I've repeatedly pointed out that Wall Street executives are incentivized to lie, cheat and steal. So - of course - they will continue to lie, cheat and steal. Politicians are EXACTLY the same ...

Will the biggest acquisition in its 36-year history give Microsoft a leg up on Google and Apple?

Food stamps, my pops, and another look at a trillion.

Pictures are worth a thousand words. These pictures tell the story of QE.

Last off he will be able to see the sun, and not mere reflections of him swimming in debts, but he will see him in his own proper place, and not indebted in another; and he will contemplate him as he is, a debt free man.

To many people on the same side of the boat made this one difficult. Luckily, the market still seems to be rather oblivious to basic fundamentals.

No, QE3 is NOT the answer ...

Some thoughts on pensions seeding funds after my day trip to Toronto...

And so here we are, with austerity measures and higher taxes occurring in Europe because of bankers’ greed and dishonesty. Having realized that their politicians aren’t going to do the right thing, the people are now openly expressing their disgust at the ballot box (Angela Merkel’s party is getting slammed in Germany for supporting the bailouts) and the streets (protests are occurring across Europe). And it’s just a taste of what’s coming to the US.

And a few other things Apple...

S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY

The downturn in the economy caught most economists by surprise. They have yet to realize that we are now in a stagflationary economy. All the signs are there, yet they have no explanation for it. QE3 anyone?

A comment on the market is that the best performing stocks this year are just junk.

We're gonna need a bigger boat...