The Economic Collapse Continues - Logical Minds See No Signs Of A Bottom
No Signs Of A Bottom
The market continues its massive sell off in a resounding vote of no confidence on the measures being taken to reverse the economy’s downward spiral. A contrary investor buying the dips over the [...]
Do Bernanke And Obama Talk To Each Other?
Bernanke Gives Upbeat Assessment On Economy
Chairman Bernanke predicted today that the recession would end in 2009. Some of his upbeat, optimistic comments included:
“If actions taken by the administration, the Congress and the Federal Reserve are successful in [...]
The Humpty Dumpty Economy
The Big Black Hole Expands As Asset Values Collapse
Not even a month in office, Mr Obama has spent trillions on bailouts, stimulus plans, bank recapitalization and loan guarantees. The markets have spoken with a resounding lack of [...]
Jet Age “Run On The Bank” In Antigua
Stanford Depositors Head To Antigua
Depositors from as far away as Colombia have begun arriving in the island nation of Antigua, seeking to withdraw their money from an offshore bank under investigation by U.S. state and federal authorities.
Reached [...]
Notable Links - Gold’s Tipping Point, US Follows Japan’s Failed Strategy
Some Clear Thinking On Credit And Government Policies
Confidence More Important Than Gold
by Axel Merk | February 11, 2009
In a rare interview with Western media, Wen Jiabao, the Chinese premier, told the Financial Times (see http://www.ft.com/wen),
[...]
No Mortgage Payments For A Year Would Stimulate Spending
Experts Predict Depression
Are we in a depression? Jon Markman of MSN Money eloquently explains the world’s financial dilemma.
Too Late To Avoid A Depression? - MSN Money
Policymakers are quickly running out of time and room for error. And [...]
The Flip Side of Bad News - Still A 90% Employment Rate
Disappearing Money
Charles Biderman of TrimTabs gave an interesting interview to Barron’s this weekend. TrimTabs tracks flows of money in an effort to predict the stock market’s primary trend.
According to TrimTabs, “the first sign of a turnaround will [...]
Insolvent Banking System Eludes Government Containment
Denial Of Reality Becoming Impossible
The game of pretending that the world banking system and national governments are solvent becomes more difficult by the hour.
The true magnitude of the write downs that the banking industry needs to take [...]
Stay Long SSO & DIA
My initial assessment on December 3rd that the world had run of sellers has been a win so far - see Breathless Hysteria Overdone?
I am maintaining my long positions in SSO and DIA.
Although not quite as [...]
