Archive - May 10, 2012 - Blog entry

"should only 2% of the Fed's assets go into default — or if there is a loss in value of 2% — the Fed becomes insolvent"

A reader sent me a link to a video of Slope mascot AJC. I didn't want to watch it, but I glanced at the text summary, which stated:

"Abby Joseph Cohen, Goldman Sachs' senior investment strategist, says shares are set to hold value for the long run but may cheapen over the summer."

OK, so this lady (it's a lady, right?) gets paid millions upon millions of dollars for observations like this. So let's disect this a bit. She (again - sorry to trouble you - we're talking about a she, correct?) says that shares are set to hold value for the long run butmay cheapen over the summer.

Economy? Systemic risk? Systematic fraud? Too Big To Fail?  Wall Street? Fraudclosure? What's all that?

The ESM funding idea is really just Spain playing for time (the ESM doesn’t actually have the funds to bail Spain out). But the fact that Germany is now making the ESM a political issue indicates the degree to which political relationships are breaking down in the EU. And once the political relationships break down... so will the Euro.

A Guide for Those with Much Money and Very Little Patience Whom Want to Prepare for Zombie Apocalypse But Are Afraid to Google It For Fear of DHS Labeling Them A Terrorist.

All yopu need to read.

I think this going to get very messy, soon.

And Keystone will only drive prices HIGHER