• Steve H. Hanke
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    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

More "Market Conditions": GM Stock Sale May Be Delayed

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Thu, 05/12/2011 - 10:06 | 1267513 hugovanderbubble
hugovanderbubble's picture

Long Tesla

Short Michelin

Thu, 05/12/2011 - 10:08 | 1267519 oogs66
oogs66's picture

the treasury needs to increase the debt ceiling so they can raise money to buy aig and gm in the secondary market

Thu, 05/12/2011 - 10:05 | 1267521 ZeroPower
ZeroPower's picture

Good for a pop, and now soon under 31

Thu, 05/12/2011 - 10:06 | 1267523 Byte Me
Byte Me's picture

Sept 2012??

Thu, 05/12/2011 - 10:12 | 1267525 bobby02
bobby02's picture

Not a problem. The Fed will repo the shares and Treasury will get its cash.


No mark to market, no margin call, no problem.

Thu, 05/12/2011 - 10:10 | 1267527 Xibalba
Xibalba's picture

to QE3, or not to QE3?  That is the question.... 

Thu, 05/12/2011 - 10:11 | 1267529 williambanzai7
williambanzai7's picture

What exactly is supposed to happen by September?

Thu, 05/12/2011 - 10:36 | 1267657 dexter_morgan
dexter_morgan's picture

ummmm.......qe3? or if sept. 2012 qe5 or qe6?

Thu, 05/12/2011 - 10:12 | 1267530 LawsofPhysics
LawsofPhysics's picture

Did any taxpayer really expect to get their money back?  Taxpayer rape from another position.  

Thu, 05/12/2011 - 17:40 | 1269710 Rainman
Rainman's picture

Expectations zero. Timmay needs to pony up 8 billion fiatscos for Fannie's miserable first quarter. These other numbers are called " unrealized losses".

Thu, 05/12/2011 - 10:12 | 1267542 6 String
6 String's picture

....and Scene: Markets ramping higher, will end green today. Can't have Silver and Markets tanking. Goldman Obama is gently massuaging the market. Anything else, Obama will not allow.


Thu, 05/12/2011 - 10:16 | 1267546 digalert
digalert's picture

This situation is getting serious. Barama must unload GM in his 2012 (re-elect-me-forever) campaign.

Thu, 05/12/2011 - 10:13 | 1267547 lizzy36
lizzy36's picture

Timmy G, proving once again that he is a clueless idiot.

Tried to game capital markets and he lost.....what were the odds.

As for GM spending $2B on new factories, since they got a $45.5B tax break coming out of bankruptcy, aren't they merely engaging in a small scale government backed fiscal spending program?

Thu, 05/12/2011 - 10:16 | 1267549 RobotTrader
RobotTrader's picture

Walgreen's at new 52-week highs.

Most retail stocks have stellar looking charts.

Only a matter of time before GM catches on and takes off.

Thu, 05/12/2011 - 10:25 | 1267586 lizzy36
lizzy36's picture


One imagines that the 500m share overhang, shouldn't be a barrier to "take off" for GM.

Thu, 05/12/2011 - 10:14 | 1267550 Johnny Lawrence
Johnny Lawrence's picture

Magically levitating equities, bitchez.

Thu, 05/12/2011 - 10:17 | 1267552 buzzsaw99
buzzsaw99's picture

They should just off balance sheet the inconvenient shares the way banks do.

Thu, 05/12/2011 - 10:19 | 1267558 dbradsha
dbradsha's picture

NFLX - more flight to safety

Thu, 05/12/2011 - 10:23 | 1267580 hedgeless_horseman
hedgeless_horseman's picture


Thu, 05/12/2011 - 10:23 | 1267576 IMA5U
IMA5U's picture

The govie trying to calm down the markets by saying they won't sell shares till things calm down


Kind of tell they are worried about volatility

Thu, 05/12/2011 - 10:26 | 1267598 firstdivision
firstdivision's picture

I have a raging clue that is pointing over there.  It's pointing to QE3 in early to mid Aug

Thu, 05/12/2011 - 10:35 | 1267650 dexter_morgan
dexter_morgan's picture

ya think

Thu, 05/12/2011 - 10:26 | 1267604 FreeNewEnergy
FreeNewEnergy's picture

Does the GM stock sale postponement fall into the "unexpected" category?

NYTimes: The "unexpected" mass deflation of all assets - yes, your new Volt is now worth $11, not the $34K you paid - has caused Tiny Timmah to delay the sale of more GM stock to the teeming masses, yearning to be fleeced.

Thu, 05/12/2011 - 14:20 | 1267615 sjradeljic
sjradeljic's picture

The folks at the SEC sent a memo to the folks at the Treasury that is appears the Algo and HFT machines can be programmed to not just buy, as they have been front running the POMO injections.  These same machines have the capability of selling in front of any large sell order the govt. may need to make to liquidate their positions.


Thu, 05/12/2011 - 10:30 | 1267636 FreeNewEnergy
FreeNewEnergy's picture

GM is up 18 cents on the news. 31.48 (below IPO price) WOW!

From Yahoo Finance: 

1y Target Est: 43.22

Now, that's funny.

How about 1y Target Est. -4.20

Thu, 05/12/2011 - 10:36 | 1267659 palmereldritch
palmereldritch's picture

GM probably calculates stock values the same way they calculate the Volt MPG.

Statistically speaking, they should be charged with assault and batteries.


Thu, 05/12/2011 - 10:40 | 1267692 lynnybee
lynnybee's picture

i'm not buying ... any of it !  no GM auto, no GM stock, no GM anything.   they stole my taxpayer money & built a plant in BRAZIL .    better to walk or ride a bike.

Thu, 05/12/2011 - 11:00 | 1267808 espirit
espirit's picture


Dollah will ramp up till mid-Aug/Sept, stocks will reach 52 week lows.

Sell in May, and come back in the fall when the dollah falls and the $RUT starts to rise.

In the meantime, starve the crooks and buy PM's with the worthless fiatsco.

Thu, 05/12/2011 - 12:53 | 1268281 jmc8888
jmc8888's picture

Just in time to sell in the beginning-middle stretch of QE3.


Thu, 05/12/2011 - 13:17 | 1268436 Bob Sacamano
Bob Sacamano's picture

So Obama, via his GM ownership, is investing in factories in China (which employ thousands) to build microvans while he bemoans US companies for sending jobs overseas.  And the liberal MSM gives him a total pass on this.  

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