ETC

A Word To The Wise - "You're A Mercenary If..."

“If you are paid $25.00 an hour to show up to a rally to 'counter' the other party using physical force and violence, you are not a 'counter protestor'. You are a mercenary...

Is A US Default Imminent: Liquidation Panic Grips T-Bills Market

While the politicians and the mainstream media are playing down any concerns about the US debt ceiling, Treasury Bill market participants are seeing chaos as the yield curve has snapped across the Sept-Oct divide with panic-buying in bills that mature ahead of the September-end (Q3-end liquidity needs), and dumping of October bills.

Yes, You Should Be Concerned With Consumer Debt

The mirage of consumer wealth has been a function of surging debt levels. “Wealth” is not borrowed, but “saved,” and this is a lesson that too few individuals have learned. Until the deleveraging cycle is allowed to occur, and household balance sheets return to more sustainable levels, the attainment of stronger, and more importantly, self-sustaining economic growth could be far more elusive than currently imagined.

Soros' Worst Trade

"...the seller was high-stakes Wall Street investor, George Soros. 'You ought to talk to George about that trade, if he’ll talk to you', Rubin suggests... 'Motty. He was long up the ying yang and he panicked." I just remember it as the day I out-traded the great George Soros."

 

Mario Draghi's Fatal Conceit

"Without a monetary policy of ultra-low interest rates and bailing out struggling borrowers by printing up new money (or promising to do so, if needed) the euro project would already have gone belly up. So far the ECB has indeed successfully concealed that the pipe dream of successfully creating and running a single fiat currency has failed."

Where There's [Almost] "Blood In The Streets" In America Today...

"there's a common saying in finance: ‘buy when there’s blood in the streets’ ...This is easy to understand intellectually… harder to do in practice... When there’s blood in the streets, i.e. markets are collapsing, our human emotions kick in. We tend to panic..."