Archive - Jun 2012 - Blog entry

So who's big enough to bailout France? How do you spell "No One" in French? This banking thing is about to get uglier than most comprehend!!!

Merkel Gaussian Bailout Cycle...

In simple terms, Germany may be willing to prop up the EU, but only if its demands are met. The track record for the PIIGS in terms of meeting demands is abysmal. Moreover, implementing such measures takes months if not years. Given that Spain’s ten-year is back over 7% and Italy is now begging informally for a bailout, the EU doesn’t have that time.

Let's give federal money to tax cheats!!

Traversing roads that seem like roads in some third world countries, I have to ask where is all the money going?

It takes a lot of talent to do so much with so little.

In banking, what goes agound comes around - again.

"Thinking sucks."--Beavis

McAfee and Guardian Analytics have uncovered a highly sophisticated, global financial services fraud campaign that has reached the American banking system.

There are now reports that the Reserve Bank of India (RBI) is likely to clamp down on gold bullion coin sales by banks as the rising bullion imports are adding pressure to the current account deficit and weakening the rupee.  

Western central banks and mints will not be clamping down on gold bullion coin sales in the near future as demand for gold and silver bullion coins fell in Q1 2012.

Darker days ahead from the long deleveraging process that just got started in Europe.  

Sell side Wall Street vs Reggie Middleton on FB - 6 buys, 3 neutrals, avg price target $39. NOBODY came out with a short @ IPO besides moi. Guess where I stand now...

Proposals from BIS, OCC and FDIC Would Reclassify Gold as a Tier 1 Asset

Classical Hendry moments.

“Pessimism has become tiresome, so optimism is gaining a foothold”