Blogs

Is this bill good or bad? What's it missing?

This from the FHFA. The private sector financial institutions nearly killed us. The public sector lenders might just finish the job.

For clues on inflation expectations in this carry-trade-crazed market, Tuesday’s auction of some $25 billion in 10-year treasury notes is something to pay attention to.

Disclaimer: The following set of links and associated cynical commentary touches on mature subjects and may not be suitable for some investors. Topics covered include: hyperinflation, sovereign default and yes, even investing in Zimbabwe.

Should we throw out capitalism altogether? Or would that be throwing out the baby with the bathwater?

Yes, you've been Bamboozled! Hoodwinked! You're being taken for suckers that not only can't count, but whose memories have been washed away by threats of swine flu and reality TV shows. Do not fret, though. What I have is PROOF of the great Banking Bamboozle, for all to see. Now, armed with this proof, all I need for you is to go out and do something about it.

Upgraded Failflu v2.0 spreads in Ukraine, Americans too stupid to buy a gold Maple for $50, windbag Chavez prepares for war against Columbia, Pelosi's health insurance bailout includes jail terms for Americans, Damon Vickers claims US Dollar Will be Utterly Destroyed

... the 'fixed period drop-off effect,' the differences between moving average methodologies, the true nature of the term “fractal” as applied to the structural composition of trading systems, the 'four basic qualities of great technical indicators' and a practical nuance within stochastic calculus that can help you anticipate what others are about to think.

The head of Goldman Sachs literally said he's doing "God's work" with his banking activities.

The head of Barclays also recently told his congregation that banking as practiced by his company was not antithetical to Christian principles.

Are they right? Is big banking as practiced by the giant banks in harmony with Christian principles?

In addition to PPT or other gaming of the stock market, here is another reason it can go up while jobs are crashing downward ...

The changes within the indicators are noteworthy, but there is still nothing noteworthy regarding the indicators.

“The real question investors need to ask themselves is this: if we truly are in the middle of a Fed-induced liquidity rally where the fundamentals simply don’t matter, do you buy now or wait it out for the inevitable bust?”

"Simon Johnson, an MIT professor and former chief economist at the International Monetary Fund, reckons there should be caps of roughly $100 billion on the assets of financial institutions and "serious criminal consequences" if firms are caught trying to get around such limits."

I've been meaning to write a piece on Ludwig von Mises, the greatest economist who ever lived, and, if you will, a hero of mine. This is a piece on Mises from the Op-Ed page of the Wall Street Journal by Mark Spitznagel. Spitznagel is the head of Universa Investments and is a protege and partner of Nassim Taleb of Black Swan fame. Those of you who have been following my blog know of my admiration of Mr. Taleb. He and Mr. Spitznagel were also "right," and Universa made a lot of money for their investors from our economic crisis.

The Fannie tax deal is an indication that Washington is well aware of the risks they face with an angry population. No more insider deals for the 'Fat Cats'. I am just wondering what that might cost us