Archive - 2011 - Blog entry
October 26th
Egyptian Brutality Comes to America: Police Fire Rubber Bullets at Peaceful Protesters
Submitted by George Washington on 10/26/2011 17:46 -0500Update: Veterans for Peace member Scott Olsen is in critical condition, with swelling to the brain
A Dysfunctional System That Bankrupts A Generation
Submitted by testosteronepit on 10/26/2011 17:08 -0500Tuition did it again: up 8.3%. For many students, the increases are even steeper. Student loans cover much of it, though loan balances already exceed $1 trillion. It's the system.
Analyzing the Popular Proposals for Mortgage Principal Writedowns, Part I
Submitted by Stone Street Advisors on 10/26/2011 16:22 -0500Pundits and politicians argue that widespread mortgage principal reductions for underwater borrowers will not only help "main street" but the economy as a whole. In reality, such actions are far from a panacea...
Which Way Wednesday - EFSF'd Up Edition
Submitted by ilene on 10/26/2011 14:47 -0500Even if Europe fixes their mess and China does whatever it is China does to paint their numbers for another few years, it will only serve to swing the spotlight back on this dinosaur of a Nation that is little more than a shell of its former self.
THe WWF FaRCE 2011 (WiLL iT EVeR eND?)
Submitted by williambanzai7 on 10/26/2011 14:43 -0500The World Wide Financial Farce...
Glimmers of Housing Hope In Mortgage Applications Data
Submitted by ilene on 10/26/2011 12:17 -0500We're always more interested in the trend, and whether that trend is showing signs of change.
Germany is Already Printing Money… Deutsche Marks!!!
Submitted by Phoenix Capital Research on 10/26/2011 10:15 -0500Dr Pippa Malmgren is a former economic advisor to George W. Bush and a former advisor to Deutsche Bank. According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation of a possible withdrawal from the EU
Techies don't like you EURUSD
Submitted by Pivotfarm on 10/26/2011 10:07 -0500Does the technical view of the marfkets line up with fundamental?
USDJPY Pain continues!
Submitted by Pivotfarm on 10/26/2011 08:34 -0500Today USDJPY hit an all time low against the dollar trading at 75.71! Despite warnings from the BOJ that it would take "decisive action" to limit JPY strength, continued uncertainty out of Europe as a result of the debt crisis is leading to sustained JPY buying.
Will Markets continue the Sell Off as we put in big reversals yesterday?
Submitted by thetrader on 10/26/2011 07:42 -0500Markets reversed yesterday, now what?
Netflix: Hell Has No Fury Like Subscribers Scorned
Submitted by EconMatters on 10/26/2011 04:47 -0500For now, it seems most of the market bulls have leaned the lesson on Netlfix.
October 25th
HeY...HaVe You CHeCKeD OuT LaRRY'S UPDaTeD LINKED-IN PRoFiLe?
Submitted by williambanzai7 on 10/25/2011 13:22 -0500If you know what's good for you, you will pour your coffee into the sink before you look at this.
Phil Davis on BNN
Submitted by ilene on 10/25/2011 12:55 -0500Phil is interviewed on the Business News Network.
Guess Who’s Even More Leveraged Than the European Banks?
Submitted by Phoenix Capital Research on 10/25/2011 11:21 -0500The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s banking system (more on this in a moment), these levels still mean that an 8% drop in asset values wipes out ALL equity. Then you have Europe’s banking system, which is leveraged at 26-to-1. Anecdotally, this is borderline Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset prices wipes out ALL equity.
