Archive - 2011 - Blog entry

This will NOT be permanent, nor will we enter some kind of Mad Max apocalypse. But there will be temporary shutdowns of the banking system as they work through this mess. And given that most folks rely almost entirely on their credit cards to survive and haven’t prepared at all, things could indeed get very messy at times

Self explanatory title...

This one is for all you doubters of the powers of the BoomBust :-) Happy Thanksgiving, and hurry and use those Groupon coupons before its too late, if you know what I mean...

This will probably piss off everybody in big banking, mainstream media and inter-marital analyst relations. I still want to be invited to ALL of the Wall Street Christmas parties, though :-)

All you need to read.

This white paper is a thorough analysis of the current economic situation and what are the most likely outcomes. The result is that the U.S. will be joining the rest of the world in an economic decline. This is not a new recession but a continuation of the existing one. Many of the data reports from the government, especially GDP, are grossly misleading and paint a hopeful but false picture of what is happening. We give our forecast for the next six months.

Now that the supercommittee has failed to reach a budget compromise we hear about how things don’t work in D.C. any more. There is a nostalgic longing for the good old days when collegial legislators could get together and act for the benefit of the nation. 

What a crock.

Another way to look at it is that finally someone stood for something and refused to compromise basic principles.

The stock market is likely going to put in a bottom very soon.

Rosenberg's note today mentioned the global bull market in agriculture.  Which,as I recall, was becoming an issue pre-lehman.  Inflation is just about the only thing stopping food prices from levitating once again.  Trade balances, supply constraints, changing weather patterns, and emerging market demand continue to support a structural bull market.

Stay divided and conquered, America ... stay stupid (Love, the Bernanke, Turbo Timmy, Lloyd "Doing God's Work" and the gang)

The emasculated credit markets watch nervously.

The conclusion is inescapable. Fox News is deliberately misinforming its viewers and it is doing so for a reason. 

cough ... Ron Paul ... cough

The IMF move is just a backdoor bailout that the Powers That Be are hoping the public won’t notice. None of the IMF backers were willing to commit money at the G20 meeting last month… so why are they willing to do so via the IMF now?

Now we all get to wince once again watching Greenberg trying to get his final Fat Cat licks in.