Not many websites, analysts or authors have both the balls/temerity & the analytical honesty to take Goldman on. Well, I say.... Let's dance! This isn't a collection of soundbites from the MSM. This is truly meaty, hard hitting analysis for the big boys and girls. If you're easily offended or need the 6 second preview I suggest you move on.
The Blokes across the pond are starting to sound as bad as some of the sell side charlatans stateside. Either that or the weed over there is just that much better!
As US markets hit their all time highs, there is nothing but bad news in EU sovereign land. What does it take for people to understand that equities have detached from fundamentals & the macro outlook?
In the final installment of this interview, it's queried "Does GLD effectively print by selling shares in a Gold trust that does not have the Gold to back said investment?" or "Is this a form of fraud?"
When even the bullshitters get tired of the bullshit! Financial contagion tale of Greece, the need for Grease & what happens to those without it, featuring the "Bad Ass" interview...
After reading this all should be quite confident of a Grecian Implosion. Instead of focusing on Greece, the actual debt explosion (implosion) path is what the media should be harping, not the color of the match that set it off.
Now everybody's bank bashing, of course the reason to bash the banks is 4 years old, despite Bove-like analysis to the contrary. I will discuss this on CNBC for a FULL HOUR tomorrow from 12 pm to 1pm.
The complacency of the markets is amazing given the risks at hand. I don't think I'm that smart, so is it that so many others are that stupid? It can't be, can it?
It's getting to the point where the rating agencies are so far behind the reality curve that they are putting the system at risk again, and again, and again...
