Archive - Aug 2011 - Blog entry
August 7th
The Two Faces of China - Part I
Submitted by Luc Vallee on 08/07/2011 12:41 -0500The hard thing about China is to truly comprehend what is really happening on the growth front. Are the statistics real? But most importantly, is this sustainable? Is China a lemon or a long-term high performer? On the one hand, China has this amazing track record of very high growth for the last 30 years. Betting against it appears foolish. On the other hand, China is still, for the most part, a command economy which after a while, you would think, would stop allocating resources efficiently.
THe S&P RaTiNG MoDeL SiMPLiFieD
Submitted by williambanzai7 on 08/07/2011 12:04 -0500So simple Einstein can understand it...
Refuting the "Bianco-Kotok Hypothesis" on FDIC assessments and the effectiveness of FOMC policy
Submitted by rcwhalen on 08/07/2011 11:31 -0500Over the past several months, I have been debating with my good friend and mentor David Kotok of Cumberland Advisers over the impact of the new FDIC insurance assessments on the money markets. David as well as another friend, Jim Bianco, insist that the imposition of the new deposit insurance assessment on all bank liabilities net of capital is blocking Fed monetary policy. I totally disagree.
Investor Sentiment: Uh-oh!
Submitted by thetechnicaltake on 08/07/2011 10:41 -0500The market has taken a nasty hit this past week, and as expected, investors have turned bearish.
CBO on Social Security – All’s Well!
Submitted by Bruce Krasting on 08/07/2011 07:57 -0500CBO spins an an important report. Why?
David Kotok -- FDIC, Fed Funds & Leen’s Lodge
Submitted by rcwhalen on 08/07/2011 06:15 -0500What is the difference between -13 and +7? The answer is 20. Twenty is the market-based pricing of the cost of the FDIC asset-based fee assessment. For the first time, we were able to see its impact. It is important to understand this calculation in order to fully appreciate what is happening in the financial markets.
August 6th
TWiSTeD PLaNeT oF THe APeS
Submitted by williambanzai7 on 08/06/2011 22:28 -0500I'm no better than the animals sitting in the zoo man..
Citizen Warrior Video of Washington AG Rob McKenna's Press Conference Aug 5, 2010, Announcing Lawsuit Against Recontrust (BofA)
Submitted by 4closureFraud on 08/06/2011 20:45 -0500Thank you to Citizen Warrior, Karen P, for recording this historic event and for making it happen! McKenna starts out with "We are suing ReconTrust a subsidiary of Bank of America, for conducting illegal foreclosures on THOUSANDS of Washington homeowners." Strong!
Food Stamps and The Government’s Last Put
Submitted by ilene on 08/06/2011 20:30 -0500The market may be beginning to reflect not only a financial crash, but an economic one that has been under way since May.
S&P Downgrades US to AA+ - Tied With Belgium!
Submitted by ilene on 08/06/2011 19:24 -0500Even today, the price of insurance on a government default has been higher than that for Colgate Palmolive, the global toothpaste giant, which has a rating two notches below AAA.
ECB As European Lender Of Last Resort = Institutional Purveryor Of A Pan-European Ponzi Scheme
Submitted by Reggie Middleton on 08/06/2011 15:33 -0500If today's broad market action is confusing you, it shouldn't be.
We Warned You About S&P Too
Submitted by Econophile on 08/06/2011 13:33 -0500We told you the downgrade was coming, too.
BaNzai7's MeMoRieS oF TiMMaH THe ZoDiaC
Submitted by williambanzai7 on 08/06/2011 13:11 -0500Tick, tick, tick...
On the S&P ratings move
Submitted by Bruce Krasting on 08/06/2011 07:50 -0500What to make of this? My thoughts.
On the S&P Downgrade and further volatility
Submitted by thetrader on 08/06/2011 06:08 -0500Volatility and mispriced risk for years to haunt investors after S&P Downgrade
