Archive - May 2012 - Blog entry

Merkel is putting on lipstick for her dinner with Hollande....

The California housing market sits in an odd stage of limbo.

All you need to read and some more.

Jamie Dimon seems to have handed his head to Chairman Vocker and the advocates of regulation with this error.  

You know I saw this one coming 3 years ago, didn't you??? This ain't the end of the story either. You heard it hear first, again!

The pundits will have a field day with this...

You don't need to be an economist to understand the utter foolishness, the circular logic supported folly of "But after buying 325 billion pounds of government debt with newly created money, 50 billion pounds of which has been purchased in the last three months"

"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