Archive - Jul 12, 2011 - Blog entry
The Euro 1999 - 2012 R.I.P.
Submitted by Econophile on 07/12/2011 23:14 -0500Why would anyone think that a monetary system whereby poor states spend and get bailed out by rich (i.e., successful) states would ever work? The euro is a failed concept and will tear Europe's monetary system apart.
Why Bernanke And Pals Will Soon Need a New Pair of Pants
Submitted by Phoenix Capital Research on 07/12/2011 18:02 -0500Ultimately, all of these efforts will fail (see the Euro situation today). But this will only happen after the Fed has done any and every action it can to prop things up. This will include QE 3 and as many QE’s as the US Dollar will allow. So, QE 3 is coming. We might even see QE 4 before the system collapses. But the system WILL collapse. And when it does, it will be a 2008 type Crisis on steroids.
The Zero Hedge Effect – Crossing the Event Horizon - Part 1 of 2
Submitted by Cognitive Dissonance on 07/12/2011 14:13 -0500Anything that can empower or free us is removed, restricted or demonized, thus severely limiting our innate and natural ability to heal, grow and flourish. At best we are told we should restrict ourselves to applying band aids and hydrogen peroxide. Anything more than this should be left to the professional mind magicians and the grand keepers of the public myths.
FEAR (Including Debt Psycho)
Submitted by williambanzai7 on 07/12/2011 13:21 -0500History rhymes...
Eat Peas and get Confidence – Not!
Submitted by Bruce Krasting on 07/12/2011 13:06 -0500My take on what may happen to confidence.
The Big Banks Are Waging Warfare Against the People of the World
Submitted by George Washington on 07/12/2011 12:39 -0500Banks versus nations and people...
Geithner: "[For A Lot of People] It's Going to Feel Very Hard, Harder than Anything They've Experienced in Their Lifetime Now, For a Long Time to Come"
Submitted by George Washington on 07/12/2011 11:52 -0500Thanks, Turbo Tim ...
Top Retail Analyst: "I Think What’s Going On ... Is That We Are In A Depression For 80 Percent Of Americans"
Submitted by George Washington on 07/12/2011 11:51 -0500But things are G-R-E-A-T for the top .1%!
If You’re Not Scared, You’re Not Paying Attention
Submitted by Phoenix Capital Research on 07/12/2011 10:18 -0500In simple terms, what I’m trying to say is that we are about to witness another “2008” only on a sovereign scale. The EU will be first, but China, Japan, and even the US will be defaulting in the future. The implications these actions have for asset classes will be HUGE as all assets move relative to sovereign bonds which used to be considered the primary low risk asset class in the world.
Greek Asset Sales Fall Short, As We Virtually Guaranteed They Would In Spring 2010
Submitted by Reggie Middleton on 07/12/2011 09:15 -0500Economou said there isn’t enough investor interest in the assets for sale as “credit default swaps and spreads are the kinds of thing they have their eyes on.” Concrete assets are “riskier,” he said. Methinks Mr. Economou (what irony is there in a name???) may be missing the forest for the trees!
WeiRD TiM GeiTHNeR
Submitted by williambanzai7 on 07/12/2011 08:47 -0500I notice you're not wearing any...galloshes--Weird Al Yankovic
Beautiful Day?
Submitted by Leo Kolivakis on 07/12/2011 07:44 -0500Keep your eye on the ball and don't be fooled by all the ugly macro smoke...
BoomBustBlog Traders Armed With BoomBustBlog Research Caught ~10% Deutsche Bank Fall
Submitted by Reggie Middleton on 07/12/2011 06:36 -0500Deustche Bank's forensics/technicals looked downright ugly. We opined on both about two weeks ago, along with parsing the CEO's warning that all should essentially start running for the hills. Many participants in mother market missed this. Well, DB got crushed in European trading, making both the forensic research and technical trade setup shine like the sun. There's much more to come! Will those triple digit short returns of 2008 come again?
Market Data Sheets July 12th
Submitted by Pivotfarm on 07/12/2011 04:35 -0500S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY
