Archive - Sep 28, 2011 - Blog entry

As dismal as the U.S. employment outlook seems to be, tech sector led by innovation is one of the very few bright spots left with corporations looking to insource IT and Indian firms coming to the U.S. hunting for IT engineers.  

"These days many politicians are demanding change. Just like homeless people."--George Carlin

My primary point with all of this is that the bailout/ intervention gravy train has come to an end. Indeed, while the lemmings pile into stocks believing in this nonsense, smart investors are already preparing for the next leg down in the markets. The reason is simple: last week’s sell off is JUST the beginning of what's coming.

Because of the intertwined nature of the derivatives market, a Greek default could result in systemic risk for the simple fact that if one of the banks that goes down with Greece has extensive exposure to Spain as well, then things could get ugly very, VERY fast.

A short time ago, the financial relevance of the UK seemed in jeopardy, but two events announced only yesterday suggest the Square Mile will remain a major player in international trading, at least for the time being.

BIS says HFT is not an issue. I think they're wrong.

What happened in Sweden in early 90's? How they they sort out the mess, and become the Tiger Economy of Europe? Some lessons for the PIIGS Politicians....

Bloomberg reports: Sales of U.S. Existing Homes Increased More Than Forecast

All you need to read.

We can't have THAT, now can we?