Contributing Editors' Blog Entries
To the Moon Or to the Sun?
Submitted by Leo Kolivakis on 10/28/2009 - 21:05 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.
The Catastrophic Economic Impact of Cap and Trade
Submitted by Cheeky Bastard on 10/28/2009 - 18:07 Cap and Trade 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.
Government Is Trying to Make Bailouts for the Giant Banks PERMANENT
Submitted by George Washington on 10/28/2009 - 16:45 Unbelievable ...On Iran, oil prices and how the Hajj f$#/ed Iran
Submitted by Cheeky Bastard on 10/28/2009 - 13:04 Iran 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.Should We Give the Fed More Power ... Or Less?
Submitted by George Washington on 10/28/2009 - 11:36 Is giving the Fed more power like appointing the head of the Medellin drug cartel as drug tzar?European Highlights
Submitted by Cheeky Bastard on 10/28/2009 - 08:12 These are some of the more important stories concerning European economy.
The Next Step in the Bank Implosion Cycle???
Submitted by Reggie Middleton on 10/28/2009 - 01:49 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.More Overselling of Pensions?
Submitted by Leo Kolivakis on 10/27/2009 - 22:15 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.
Enlighten Me: WHY Should AIG Have Paid Swaps at < Par?
Submitted by Anal_yst on 10/27/2009 - 16:49 AIG 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.
Books that will help gain sanity in insane market - Part 2
Submitted by Vitaliy Katsenelson on 10/27/2009 - 16:47 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.Big Banks Are NOT More Efficient
Submitted by George Washington on 10/27/2009 - 14:07 The defenders of the TBTFs say that bigger is more efficient. Are they right?Tavakoli on AIG Swaps: "There’s No Way They Should Have Paid at Par. AIG Was Basically Bankrupt", and Goldman Sachs CFO Lied About AIG
Submitted by George Washington on 10/27/2009 - 12:58 AIG goldman sachs Goldman Sachs Janet Tavakoli with some more great quotes ...Capmark Apparently Doesn't Read BoomBustBlog Either!
Submitted by Reggie Middleton on 10/27/2009 - 11:39 Capmark 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...
Rydex Market Timers: All In (Again!)
Submitted by thetechnicaltake on 10/27/2009 - 08:14 Rydex The Rydex market timer was buying yesterday's sell off.