Archive - Aug 2011 - Blog entry
Such a Deal
Submitted by ilene on 08/01/2011 21:32 -0500Anyone who thinks that the crisis is over for the market has another thing coming.
What Happens When the US Banks Take a Hit On Their Senior-most Assets? Pt 1
Submitted by Phoenix Capital Research on 08/01/2011 20:55 -0500What I’m trying to say with all of this is that the US welfare state, or the notion of politicians dishing out handouts in exchange for votes, is soon coming to an end. Social security, Medicare and many other government spending programs will be cut in the coming years. Regardless of your feelings regarding these programs, they are not funded and with tax receipts falling (and will fall further as the Depression deepens) the US will simply not have the money to pay for these programs.
Revolution | Can You Hear, Can You Hear Them Now, Can You Hear Them Defying (MUSIC VIDEO)
Submitted by 4closureFraud on 08/01/2011 20:14 -0500Great job by this band... It is way past time for some protest songs just like in the 60's and 70's...
The President Surrenders?
Submitted by Leo Kolivakis on 08/01/2011 19:47 -0500Love him or hate him, Krugman has a point...
2001 A DeBT ODYSSeY (ReDuX)
Submitted by williambanzai7 on 08/01/2011 19:22 -0500I'm sorry Dave, I'm afraid I can't do that...
Comfortably Numb – Coping, Captured or Total Capitulation - Part 1 of 2
Submitted by Cognitive Dissonance on 08/01/2011 18:04 -0500A lot has changed since the 60’s and 70’s. Can our altered mindset be explained away as coping with the machine, captured by drugged mind control or just total capitulation to the greed?
The Euro’s Death Knell Could Come As Early As September 2011
Submitted by Phoenix Capital Research on 08/01/2011 17:48 -0500The political landscape in Europe dictates the fate of the Euro. And given the developments in Germany, we could see the beginning the end of the Euro's existence as early as September 2011.
THe DeBT KReMLiN
Submitted by williambanzai7 on 08/01/2011 14:11 -0500How the Debt Kremlin of United Obamerican States might look after it is rubber stamped by the Supreme Court...[Kaffee Nyet!]
Brush Fire Bailout – The Straw that Breaks the EU?
Submitted by Bruce Krasting on 08/01/2011 14:05 -0500In the end, everything is connected.
Graham Summers’ Weekly Market Forecast (At Support Edition)
Submitted by Phoenix Capital Research on 08/01/2011 13:47 -0500One thing that NEEDS to be mentioned is that this time around, bad economic news is resulting in sell-offs. For the last two years, whenever bad data came out, stocks actually rallied on the belief that the Fed would have to provide more stimulus. So the fact that stocks are now tanking on bad economic data should be a major red flag that things have changed.
Long-Time Congressman John Conyers Calls for Protest Against the Debt Deal: “Thousands of People [Should Mass] In Front Of The W
Submitted by George Washington on 08/01/2011 11:29 -0500Kicking the can down the road ... while they trample on the Constitution ...
Hoarding Of Physical Gold, Voracious Global Demand To Produce Undeliverable Gold Futures, Parabolic Move to $2700-3000/oz
Submitted by MatrixAnalytix on 08/01/2011 11:01 -0500Robo-signed | Bondi’s Director of Economic Crimes Division, Richard Lawson, Victim of Multiple LPS/DOCX Robosigned Satisfactions
Submitted by 4closureFraud on 08/01/2011 10:27 -0500It's too bad the two top investigators of the robo-signing scandal were fired from his office. They may have been able to help him out in all this...
A Simple Bailout Plan for Housing and the U.S. Economy
Submitted by Luc Vallee on 08/01/2011 08:27 -0500Now that everybody is busy the budget and the debt limit, we are forgetting that the single clear and present danger for the US economy is still the state of U.S. housing. As the economy is slowing again, it threatens to trigger more foreclosures. In turn, this would further damage banks' balance sheets and prevent already gun-shy banks from finally loosening credit. If banks decided to hoard even more reserves, it would have disastrous consequences for economic growth and job creation. At the end of my last entry, Dan wrote that a balance sheet recession requires a policy that would implement a speedy reduction in leverage. Here is how to do it!
On Your Mark, Get Set, (Bank) Run! The Dominos of Serial Lehman 2.0 (x 4) In The EU Are Falling Into Place At A Quickening Pace
Submitted by Reggie Middleton on 08/01/2011 07:36 -0500NPAs and devalued sovereign debt infect bank balance sheets, which are bailed out by sovereigns who assume too much debt for the bailouts, thus dropping the value of their bonds, further stressing bank balance sheets, thereby increasing the need for bailouts. Wash-Rinse-Repeat. Hey, he who panics first, panics best!
