Archive - 2011 - Blog entry

They were not trying to be ... cough ... subtle

Once again the famous hedge hog Punxatawdry Ben...

Not all debt is the same, so it would seem. Expect runs on Ireland, Greece and Portugal way before Japan despite the fact Japan has twice the debt as a proportion of GDP!

"A possible outcome could be that California, NY and Illinois band together and invade Texas. Texas will prove to be the balance of power as the “beggar my neighbor’s state” policies unfold."

That's right folks - MORE FREE MONEY! This is just what Egypt needs, I guess. Europe too

So here's what it will look like of the Tunisian/Egyptian/Yemen parade skips across to the EU. Can you spell U-G-L-Y?

Now that yo have read the Financial Crisis Inquiry Commission's fascinating report, are you ready to play the real game...

There's no comparison between the Land of the Free and Egypt ... or is there?

Dominique Strauss-Kahn, the IMF's chief, bluntly called for worsening conditions worldwide and a deepening global economic crisis: "We could see rising social and political instability within nations – even war," he said. As the chief of one of the "world banks", when does identifying a problem you helped create absolve you from blame and its eventual repercussions?

Claims that total defaults in the municipal bond market could reach $100 billion are vastly exaggerated. Teachers will starve, police and firemen will go on strike, and there will be rioting in the streets before a single interest payment is missed to bond holders. Defaults will rise, but it will be from two to only 20, not the hundreds that Whitney is forecasting. Have I seen This movie before?

Welcome to the Year of the Wall Street Fuk Rabbit...

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

Fuck yeah was it on today as the cry of "1400 or Bust!" rang through the trading pits...

Inflation is already exploding worldwide, which means paper money in general is going to be worth less and less on its way to worthless. If you think the US is immune to this situation, you're in for a very RUDE surprise in the coming months. Indeed, the Fed’s Hoenic just announced there might even be QE 3… and he’s supposed to be one of the Fed HAWKS!

Canadians have voiced their opinion. They're worried about their retirement and rightfully so. They're expected to manage their own investments in schizoid wolf markets that are battering professional money managers. The time for reforming the Canada Pension Plan (CPP) has come...