Archive - Jan 2012 - Blog entry

Indeed,under US securities law and FINRA rules, it is unlawful and a violation of professional ethics for a registered person or investment advisor to guarantee investment results for any client.

Both the ECB and the Fed are accepting poorer and poorer sludge and collateral to back various liquidity schemes.

You've just crossed over...

Unconstitutional ... in any language.

Merkel warned that Germany might be overwhelmed by its bailout efforts—a reluctance that turned Germany into a punching bag. Yet risks are staggering.

On Friday the FDIC reminded us that the banking crisis continues, closing and selling several institutions in arranged transactions.   This may seem gloomy news, but please note that the shareholders of the acquiring institutions just made a lot of money.

Who is culpable, the evil diabolical chef or the insatiable glutton?

History is repeating itself, again.

A strong yen strikes again. 

German individual investors are gobbling up Greek sovereign bonds!

The Davos class run our major institutions, know exactly what they want, and are well organized, but they have weaknesses too. For they are wedded to an ideology that isn't working and they have virtually no ideas nor imagination to resolve this.--Susan George

The “signature” appetizer is the “Linda Green Onion Dip.”

Something different from me today. A BK video!

Let’s cut the BS here. The Fed has maintained a more than highly accommodative stance for three years now and U-16 unemployment, food stamp usage, home prices, and virtually every other economic metric indicate that they’ve done little to boost the US economy in any meaningful way. QE has and always will be about boosting asset prices in the hope that the Fed can stimulate a recovery by getting the S&P 500 to some level.

For breathtakingly stupid political ideas and catastrophic “solutions” to America’s biggest problems, it’s hard to beat the New York Times op-ed page.  There, joined by such jihadists of the Left as Frank Rich and Maureen Dowd, resides the peerlessly wrong-headed economist Paul Krugman, whose Nobel Prize was as well-deserved as the one Yasser Arafat received for helping to bring Peace to the world. Until yesterday, we might have thought Krugman had cornered the market for the absolute worst ideas on how to revive the economy.