Archive - Feb 2012 - Blog entry

Out-of-money date is March 8. $3.3 billion must be dug up, pronto. Now all eyes are on the Facebook IPO. It will solve all budget problems forever—just like Google’s IPO had done.

As we pick apart the Facebook offering the BoomBustBlog way...

Smart money selling again.

The vast majority of professional investors are unable to contemplate truly dark times for the markets. After all, the two worst items most of them have witnessed (the Tech Bust and 2008) were both remedied within about 18 months and were followed by massive market rallies.Because of this, the idea that the financial system might fail or that we might see any number of major catastrophes (Germany leaving the EU, a US debt default, hyperinflation, etc.) is on par with Bigfoot or Unicorns for 99% of those whose jobs are to manage investors' money or advise investors on how to allocate their capital. 

Opus Dei to you douche bag!

Was the Chapter 11 Petition of MF Global Holdings filed fraudulently?

All you need to read.

With IPO hype blowing like a maxed-out hairdryer into my face, I Googled ... Friendster

The ground hog is like most other prophets; it delivers it's prediction and then disappears.--Bill Vaughn

[Punxatawdry Ben is the bellwether of false profits; he prints predictably and then the ink disappears.--WilliamBanzai7]

Just a matter of when?

Forget radiation from clusterFukushima ... Let's irradiate OURSELVES too!

All in, with an opt out?

With harsh long-term consequences for the heavily indebted countries.

"Anyone who believes in indefinite growth in anything physical, on a physically finite planet, is either mad or an economist."--Kenneth Boulding

Corruption is only possible if the benefits to the parties engaged in it far outweigh the potential consequences. However, as soon as the potential consequences become real, that’s when everything changes: people start talking/ confessing, and the corruption begins to come unraveled.