Archive - Sep 15, 2011 - Blog entry

I have questions, as usual. Any help on these would be welcome.

California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage by providing the credit needed to realize its potential.

2 BN USD is quite some money. In order to blow up such a sum, you need to accumulate some fairly big positions. In Equities, almost impossible, in currencies, more likely. Could THE trade have been a Long Vol CHF position? Who knows....?

"A few good banks is better than a lot of bad one."--Jim Cramer

Of course, Ron Paul would do a lot of these things on his own initiative.  But the MSM is fighting Ron Paul with every ounce of their protect-the-status-quo strength ...

The BNP Paribas "Run On The Bank" Model is now available for download, absolutely free. Why don't you see for yourself if France's 2nd largest bank needs capital or is in risk of a bank run - using your inputs instead of relying on news clips, long only fund managers & conflicted European officials.

This move reeks of desperation. The fact it occurred during options expiration further illustrates one of our long-held views: the Central Banks intervene during options expiration week whenever possible to permit the largest upside move (See the Fed’s juicing of the market post-QE 1 in 2010).

The primary problem is that the world Central Banks continue to intervene to prop the markets up. We had a global intervention earlier today… forcing the US Dollar to collapse while the Euro soared.This is an act of desperation. It is essentially an admission on the part of the Central Banks that Europe is in a full-scale liquidity crisis a la pre-Lehman.

Well, we got what I thought we would. Now, what does it mean?

All you need to read.