Archive - Jul 2011 - Blog entry
July 19th
Raging Inequality May Cause Unrest and Violence In America and the Rest of Western World
Submitted by George Washington on 07/19/2011 12:42 -0500Is this like South Africa at the end of the Apartheid era, where those in power have to hand over some of the reins to the majority to prevent violence?
Who is Going to Save the Day?
Submitted by thetechnicaltake on 07/19/2011 11:41 -0500If XLF does break down, who is going to save the day?
Reuters and The Associated Press Drop Bombs On the Banks: "Robo-signing is not even close to over"
Submitted by 4closureFraud on 07/19/2011 11:17 -0500Most of the tainted mortgage documents in question last fall were related to homes in foreclosure. But much of the suspect paperwork that has been filed since then is for refinancing or for new purchases by people who are in good standing in the eyes of the bank.
How Greece Could Create Another Round of Systemic Risk Pt 1
Submitted by Phoenix Capital Research on 07/19/2011 11:04 -0500Greece is NOT the big problem for the EU. However, worldwide exposure to Greek debt is in the ballpark of $277 billion. So a default there would result in significant market dislocations. Now consider the exposure to a BIG Problem such as Spanish debt. In this situation, Great Britain is on the hook for $51 billion. The US is on the hook for $187 billion. France is on the hook for $224 billion. And Germany is on the hook for a whopping $244 billion.
Sorry MMTers, the Economy Doesn't Exist and GDP is Bogus
Submitted by EB on 07/19/2011 10:38 -0500Enough with the Keynesian aggregates, already.
Has Ray Dalio Mastered the Machine?
Submitted by Leo Kolivakis on 07/19/2011 08:25 -0500There is one hedge fund manager who I'll never forget, Ray Dalio of Bridgewater...
A NoT So LoNG TiMe AGo iN a NeWS RooM NoT So FaR AWaY...
Submitted by williambanzai7 on 07/19/2011 08:22 -0500May the farce be with you...
Now That We All Agree Greece Will Default, What Happens As A Result?
Submitted by Reggie Middleton on 07/19/2011 07:46 -0500We finally agree Greece will default. Why can't we all agree on the turmoil likely as a result? European CRE will get C-R-U-S-H-E-D in a volatile rate storm.
Didn't Anyone Notice The Seemingly Irreparable Damage To The Eurozone Last Week? Global Short Ban, Here We Come!
Submitted by Reggie Middleton on 07/19/2011 06:24 -0500
The World's Greatest Hedge Fund Manager Dalio's Principles
Submitted by thetrader on 07/19/2011 06:13 -0500For all 200 plus Principles by Dalio.
From www.thetrader.se
Market Data Sheets July 19th
Submitted by Pivotfarm on 07/19/2011 04:50 -0500S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY
Builder Optimism Misplaced
Submitted by ilene on 07/19/2011 02:14 -0500A big part of the supposed assets backing our bank deposits are is worthless crap, and I see no sign of that changing any time soon.
July 18th
Fiscal Suicide, Part II: A Swirling Motion
Submitted by ilene on 07/18/2011 20:49 -0500On all fronts, this debt story feels like the swirling motion is starting.
