Archive - Feb 2013 - Blog entry

This week's events show that the Chinese government realises that its stimulus efforts have got out of hand and its economy is in trouble.

Instead of looking at the daily bar charts for the major currencies that we provide every week, given the large moves, we thought it might be helpful to look at the longer term charts.  It is one thing for pundits and other observers to argue that QE drives currencies down, it quite another to operationalize and use that as a decision-making rule for investing or trading the foreign currencies.  The way people make money in the markets is not being right more often, but disciplined risk management.  Technicals allow one to quantify risk and admit where one can be wrong.  

Whether it is the price of a car, a new house, the price of gasoline, a movie ticket, or a good stock there is going to be more money created each year chasing these assets in the system. 

How very typical. 

Plus an important announcement concerning Visual Combat Art Prints...

The Coming “Lira-Ization” of the euro. And gold?

This in a nutshell is Europe’s financial system today: a totally insolvent sewer of garbage debt, run by corrupt career politicians who have no clue how to fix it or their economies… and which results in a big fat ZERO for those who are nuts enough to invest in it.

To the Execs at Walmart, and all of those other retailers that are feeling the SS pinch, I say "Welcome to the club".

Today's drivers and their implications.

That`s all I heard for two straight months, “Gee everyone is waiting for a pullback to get in on the rally”.

How Many Constitutional Freedoms Do We Still Have?

How many trillions of Dollars are we going to let the Fed spend? The Fed balance sheet is now over $3 trillion… making it larger than the GDP of France, the UK, or Brazil. Indeed, if the Fed’s balance sheet were a country, it’d be the FIFTH LARGEST COUNTRY IN THE WORLD.

Army Chief of Staff: “The conundrum we have is that we don’t need the tanks”

A short infographic...

Read on as the MSM pick up on what I've been ranting about for 2 years. Virtually every penny of the big banks' profits consists of taxpayer bailout money. This doesn't include the ~60% of revenue paid out as bonuses, of course!