Archive - Aug 2012 - Blog entry

James McShirley of Ohio who has documented numerous repetitive market activities which could never occur time and time again in a freely traded market. Just this past week gold completed its 2% up, 1% up, sideways, down hard pattern, which is only one of many trading anomalies James has tracked.

In light of yet another tech driven blowup yesterday at Knight Capital, perhaps someone, anyone, outside of ZH and Themis should look into this nonsense.

Even Orwell Underestimated the Ridiculousness ...

"I might even go back to my life of crime because of the JOBS Act--because it makes fraud too easy."

Alas, the devil is in the details for Europe’s latest attempt at financial alchemy.  Much to the investment world’s apparent dismay yesterday, it turned out that the ECB’s Draghi had nothing very specific in mind when he pledged last week to defend Europe’s monetary union by any means necessary.  In theory, and most immediately, such a rescue would entail using printing-press money to mop up Spain’s leprous bonds, lest rates push above 7%.

One has to question… does the Fed really want to be draining Treasuries and Agencies from the banks’ balance sheets. After all, the big banks, which sit on over $200 TRILLION worth of derivative trades, only have $7.12 trillion in assets.

WTF? Talk about regulatory (sellouts) capture. Now they are throwing the former president of DOCX, Lorraine Brown, to the wolves? She was the witness that was suppose to seal LPS' (criminal) fate. Hope she doesn't end up dead like the last informant, Tracy Lawrence.

A courageous act in face of the punishment the Fed inflicts on them. But it doesn't bode well for the economy.

There is a viable alternative...

"This ain't no party, this ain't no disco, this ain't no fooling around..."

A Fight Both Liberals and Conservatives Can Rally Around ...

Far fetched? Yes, but not crazy....

To me the message is clear, Germany is going to do all it can to appear ready to help, but it will forestall any actual helping, especially if it involves increasing Germany’s exposure to the PIIGS (note: Merkel stated that there would never be Euro-bonds for as long as she lived). This is not political posturing. Germany has already brought its own solvency into question (see the Moody’s warning) by propping up the EU. Angela Merkel is not going to lose Germany’s AAA status the year before she’s up for re-election.

Here comes the truth!

Has no clothes!!!!