Archives 6/25/09

Reader’s view: No change with Obama, just more war and class war
Agree 100%. Obammi deceived his voters.

What a drop in Treasurys means for stocks
I'm predicting the 10-year Treasury will bounce between 4-5% before eventually plunging to under 2% as the great de-leveraging gets udnerway.

Largely Useless, Even Harmful
Agree, but the seeds were planted in the 80's with the Greenspan & Reagan duo who introduced a new era of welfare capitalism and the so called 'plunge protection team'.

5 Reasons Why Oil May Rise
He forgot to mention the fed. Had it not been for all this quantitative easing oil would be below 40.

Treasury Earns 'C' Average For Bailout Transparency; Previously Flunked
Considering things are returning exactly to how they were before the crisis (Goldman and Citi increasing salaries) I give it an 'F'. Why are so many banks so eager to repay TARP when just six months ago the world was on the brink of 'financial armageddon'? Hmmmm? Finally, how can we trust the treasury website? Are the American people really that gullible?

Don't Hold Your Breath: Mortgage Rates Below 5% Are Gone for Good
Just don't tell that to 'beagle boy' Ben who insists there is no inflation.

Guest Contribution: Housing Bubble Fueled Consumer Spending
That's why the fed is so desperate to reinflate abother bubble. If it pops.

Wasteful spending highlights the list of U.S. stimulus projects
Funny, but sadly true.

Stocks to Rally After ‘Morning Star’ Candle: Technical Analysis
That,s why despite being a bear I am long with a target of 1150-1250 on the SPX. Too much bullish momentum.

Volcker Gets Less Than He Wants in Curbing Wall Street Excesses
Comes as no surprise. He's doesn't subscribe to bubble-nomics, so his influence regarding economic policy is nil.

Fed Mostly Ignores Inflation
Typical of 'Beagle Boy' Bernanke: print shiloads of money; oil, food, 10-year bond & gas prices surge and then say there's no inflation. Wow what a liar. Every indicator says inflation, but Beagle Boy being a shill of the financial globalist elite is supposed to do everything in his power to make the stock market go up and widen the wealth gap.

Has the Stock Market Hit a Ceiling?
yes, it may have hit a ceiling, but that doesn't exclide the possibility of a breakout to 960 on the SPX. As a long-term bear, I still have to acknowledge this possibility.

No Exit: FOMC Remains on Hold
Shocking...

A Lost Decade for Jobs
Although I'm a bear, cherry picking the ugliest graph to prove an overgeneralization is an example of intellectual laziness, and should be avoided. The author fails to mention that the US population has been relatively stable for the past decade.

Are stocks cheap or not? Valuation of the S&P
This is yet another reason why I'm bullish in the short term with a target of 1150-1250 on the S&P 500 before we enter another deep bear market.

Is the Stock Market Cheap or Expensive?
There's still too much optimism regarding imaginary green shoots, yet at the same time we're climbing a wall of worry. This is why I simply refuse to short despite being a bear until the right time comes.

Obama luster fading as Americans face reality check
2 trillion down the drain since September 2008, and the only winners seem to be, yet again, the investment banks. Pitiful.

Economists React: Fed Keeps the Punch Bowl Full
In short: It's 2003 all over again. The fed is fighting nonexistent deflation. Bernanke's goal is to ensure that food, gas, housing, heathcare, and quality education is no longer affordable by printing worthless dollars.

Mission Shrink: We've Gone From Saving Wall Street in Order to Save Main Street to Just Saving Wall Street
She's so right...Where is the 'change' that Obammi promissed? Atleast I didn't get duped into voting for him...

Technical Analysis: Will Gold break $1,000?
Good article. A strong possibility it will break, especially considering how the fed printing press is in overdrive.

new ascorbic articles & commentary: http://kl.am/tsc Forget what you thought you knew about macro econ. We're going to 1200 on $SPX 120 $SPY U.S. Jobless Claims Rise, Total Benefit Rolls Climb
But the stock market surges, anyway. Maybe people should voluntarily quit their jobs to make the stock market go up. Who needs employment when you can just buy Google and Apple stock, anyway? /sarcasm

Citi Catch-22: Why Taxpayers Should Support Higher Salaries at Bailed Out Banks
It was top talent that caused these problems to begin with. But if hiring top talent will hasten a second crisis, I'm all for it (provided there are no bailouts the second time around).


Taxpayers were scammed, as evidenced by the fact that things are returning to exactly how they were between 2002-2007. More greed, leverage, excess, executive pay, and free money.

Buffett CNBC Interview: No Green Shoots Yet
Thsi story was ignored, and for good reason. If buffett really thought the economy was headed down the crapper he would convert all his holdings to hollars. To be honest, his letters, speeches, and appearances are of little predictive value.

The Perils of a Smaller Wall Street
Fortuntely, if these foreign banks do fail they probably won't be bailed out. The real peril is that foreigners hold so much of the US debt.

Still Wary of Those Financial Weapons of Mass Destruction
This is kinda like the deficit and credit graphs; imposing, scary, but of little consequence. There is something beyond my comprehension that makes it all sustinable, but I'm not going to lose my shirt fighting it (yet).

Not Green Shoots – Just Falling Leaves
I agree that all this stimulus & green shoot hype is in vain.

Recovery will be jobless for a while
It's 2003 all over again. Who needs jobs when you can just buy tech & commodity stocks and max out your credit card to pay the mortgage? Sweet. /sarcasm

4 Big Predictions For The U.S. Economy
#3 and #4 are the most plausible. Income taxes will never rise; instead we'll be taxed through inflation. Unemployment will never return to historic levels.

China oil demand's good news, but can it be oil's savior?
Why the hell does oil need a savior? It has already doubled in the past four months. Oil should be at $35 considering how deep the recession is.

Don't Get Too Bearish: 'Things Not as Bad as the Media Suggests,' Saut Says
Any gains in liquidity and fundamentals will prove temporary. We're undergoing a slow deleveraging process of a 25-year debt/consumption binge.

Fears of big bank problems return
Admittedly, that is a very small uptick. Despite being bearish it is important to analyze bearish data objectivly and in perspective. Otherwise, you're living in a fantasy world.

Debts, Doubts Continue Obama's Slide
Obama fails to realize that the American public doesn't take kindly to huge deficits, especially when they can't perceive any benefit or necessity.

Beijing Borrowing from Washington's Playbook
That's fine by me. Protectionism will weaken the New World Order.

Fed Does Nothing, Dollar Rallie
I can assure you that rally in the dollar will be very short lived. The fed admitted there was no inflation despite abundant evidence to the contrary.

Is Another Stock Market Collapse Imminent?
Despite being a bear, keep in mind that maybe insiders are merely taking profit after a historic snapback rally.

Gold Doesn’t Care If It’s INflation or DEflation
Good article.

The Dollar Could Rally Some More
Considering how the markets are surging and the fed is ignoring obvious inflationary signs, I see nothing but bearishness for the dollar in the medium and short term.

Inflation or Hyperinflation
I have more faith that martians will land than the fed ever acknowledging inflation.

Obama's False Financial Reform Is Nothing But Smooth Talk and Some Fuzzy Plans
I agree that giving more power to the fed is a horrible idea because they are the enablers of the financial elite via priting money, while disregarding the impact of surging commodity prices on main street.



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