Archive - May 2013 - Blog entry

If Cyrpus blew up with bank assets/GDP leverage of 700% & Iceland blew up with leverage of 880%, what should we expect from Scotland @ 1,250%? Of course, this leverage number likely excludes those top secret charges I found last month...

Fed chairman Ben Bernanke’s testimony to Congress will be important in setting the tone for the markets (particularly the dollar, equities and US treasuries), as traders hunt for clues on when the Fed is likely to ease its rate of asset purchases.

"Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."--William Jennings Bryan

If Japan’s bond market implodes, then global Central Bank efforts to hold the system together will have proven a failure.

It is likely that the very aggressive selling in illiquid Asian markets overnight was by a large hedge fund or bank or a combination of hedge funds and banks with deep pockets. Reuters quoted an analyst at a Japanese bank who said that silver’s price falls were due to one “unidentified investor”.

It’s painfully clear for all to see that the majestic United States is now firmly caught in the rapacious stranglehold of financial elites which have completely captured it in a grotesque gamed monetary process.  Our country’s once idealistic and industrious free market economy has been hijacked and is undeniably being fraudulently and overtly financialized by the craven clutches and maniacal machinations of a contemptible self-seeking banking class. They have become nothing more than avaricious parasites disgustingly feeding from the grand trough of our treasured human ingenuity and self-respecting industry.

A major asset class is "topping" out.

QE Halt Would Be 'Too Violent' for Market: Fed's Fisher

Central bankers overshadow the economic data in the week ahead.  

European Union Launches Investigation Into Manipulation of Oil Prices Since 2002

The Administration simply doesn’t want to get run over by the momentum of the oil and gas industry

The idea that a weak yen is positive for countries outside Japan is gaining traction. This is preposterous and we'll see why as currency wars soon accelerate.

Crazy ant version...

My guess is that in 2-3 years most folks in the country are going to hate Obamacare, but it it will be impossible to get rid of by then.

A look mostly at prices in the currency market and the outlook.