Archive - 2011 - Blog entry

If this looks scary...relax, it's not half as scary as the real thing.

We'll have to see what hits the fan this week.

Our worries came to fruition...

The great sage Albert Einstein suggested that repeating something and expecting a different outcome is “insanity.”  The NY Fed is repeating its reliance on primary dealers to be transparent and accurate and to do so voluntarily.

What’s at risk, of course, is the whole concept of post-World War II universal  European representative government after the fall of Communism.

Laissez-faire or 'leave it along' is what needs to happen for the greater good of the consumer economy vs. the Wall Street "trader economy".

Believe in free market capitalism? Then move your money ...

Europe is finished. The region’s entire banking system is insolvent (with few exceptions). European non-financial corporations are running massive debt to equity ratios. And even EU sovereign states require intervention from the ECB just to meet current debt issuance, to say nothing of the huge amount of sovereign debt roll over that is due over the next 14 months.

Yes, times are going to get harder and an economic collapse is coming.

We are at a critical point as the worlds' economies continue to decline. Continued high unemployment and a stagnant economy will put pressure on the Administration and the Fed to do something. The implications are not good.

I vote, No Confidence.

The U.S. jobless rate unexpectedly fell in October while employers added the fewest workers in four months, reinforcing Federal Reserve Chairman Ben S. Bernanke’s prediction of a “frustratingly slow” recovery.

The devil, as always is in the details.

Given the outcry over the unprovoked injury of Marine veteran Scott Olsen – which has caused veterans from all over the country to come out to support the protesters  – the Ranger's treatment by the police could generate even more support for the protests.

Good evening America...