Archive - Oct 2012 - Blog entry

Blowout quarter, or do US bank numbers just blow?

One-year "money" is offered at .9750. The .9700 bid is vulnerable. I don't get it.

What does one say when the prize honoriing peace is awarded to those whose principle achievement has been to build a giant bazooka?

Reports that the housing sector is recovering has generated more than a little irrational exuberance among investors regarding financials. 

Just how much havoc does living within one’s means wreak?

When push comes to shove, China still has the bigger gun over Japan on many other levels, and the U.S. most likely has to at least sit in the bed it’s made so far.

We must respond to every miserable attempt to rewrite history, particularly by this sorry piece of reckless TBTF CEO malfeasance and Wall Street parasitism.

Round 2: Midget Mayhem

Stronger Periphery close will be the usual opportunity for politicians to rant about the lack of clout of rating agencies.

Good Jump in Risk appetite. Question is how far. Lack of absence of negative news, or better, markets simply ignoring the latter, doesn’t make for a convincing bullish rebound.

I’d say: We won’t get fooled again! European Bull trap.

This is the stuff that would never be aired in the US mainstream media, at least before a POTUS election!

The State of New York should  be seeking the removal of Bank of New York (BK) as custodian with respect to all RMBS trusts operated pursuant to NY law and immediately file a claim on behalf of all investors against BK for negligence.

Watch as The Intruders crash the Investment Banking Awards in Mayfair to present a spoof award to Barclays for their role in manipulating LIBOR.

“A social affliction brought on by years of graft.”

From 14 June 2012

http://www.aviewfrommyscreens.com/2012/06/14-jun-2012-in-broken-dream-edwin.html

Much has been made lately of Jack Welch's "turn" on the Administration regarding the BLS data for September.  It seems a bit odd that Jack would be worried about this now since Zerohedge readers have been exposed to reports that this has been going on for a few years.  Why now Jack?