Archive - Blog entry

As I stated before, there is an unprecedented amount of liquidity in the global financial system that can easily lead to another bubble sooner than you think. Is the market "going to the moon"? You can call me crazy, but my bet is still that the market is going to the sun and it will melt up faster than it takes Bill Gross to blow out his midnight candles.

Many people are wondering what will, the impact of the proposed Cap and Trade legislature, be. A renown climatologist David Kreutzer Ph.D offered his view on the impacts of the proposed legislation in his testimony before The Energy and Commerce Committee on April 22nd 2009. This is what he said.

Unbelievable ...

Now, most of you know what happened to the oil prices, and where that lead us. Now multiply that by 10, and you will have a pretty good picture of the economy we will have IF, yet another time, a dark side of that what constitutes Humanity wins.

Is giving the Fed more power like appointing the head of the Medellin drug cartel as drug tzar?

These are some of the more important stories concerning European economy.

The Mother of All Carry Trades has encompassed the big banks in another one of the Biggest Bubbles of recent history – and very few even know about it. Here’s a few tidbits, Goldman Sachs is the most exposed in terms of tangible equity at risk, while JP Morgan has the most gross exposure.

The pension debate needs to reopened. It's not a Conservative, Liberal or New Democratic issue, it's about doing what's best for hard working Canadians. The reforms proposed today are simply not enough and will leave far too many Canadians teetering on the edge of pension poverty. Surely we can do better. We owe it to millions of Canadians that through no fault of their own, have fallen victim to vagaries of the market.

Fellow Zerohedge contributor George Washington parrots the lovely Janet Tavakoli and states his (her?) ire that the "Evil Vampire Squids" at Goldman SHOULD NOT have been paid at Par for their CDS trades with AIG.

I, for one, don't necessarily agree.

I originally wrote this list of recommended books last year; recently I updated and added a few more. I hope to keep adding to it every year. It contains six sections: Selling, Think Like an Investor, Behavioral Investing, Economics, Stock Market History, and Books for the Soul. Due to its length, I divided it into two parts. Here is part 2. I hope you enjoy it.

The defenders of the TBTFs say that bigger is more efficient.

Are they right?

Janet Tavakoli with some more great quotes ...

If history has taught us anything, it is that those with the most money are not necessarily those that are best at investing money. There is a saying that encapsulates this in a somewhat more erudite manner (I would never be so forward, or so rude :-)) - "When playing poker, look around the table. If you can't find the sucker, it is probably you!". Obviously, the guys at Capmark didn't read BoomBustBlog...

The Rydex market timer was buying yesterday's sell off.

You know, I happen to really, really appreciate the blogoshpere. There are a select handful of blogs that offer unique, insightful and very difficult to come by expertise, opinion and commentary. Much more so than the mainstream media and even more so than the more specialized media. Despite this, there are certain components of the MSM and corporate America that still do not respect the blogs. Now, why is that? Well, I dare you - no, I double dare you - to find an MSM outlet that performs investigative analysis at the level of the top blogs. I'm not even going to bother to mention who those blogs are (hint, hint), but just want to throw the challenge out there as I show how PNC may have possibly pulled the wool over the collective media, sell side and market's eyes.