Archive for the ‘Implode’ Category
Bringing Up the Rear: Treasury Secretary Tim “Transparency” Geithner and his Band of Banking Sadists
September 28th, 2010
I didn’t want to go after the man who thinks bankers should always be bailed out, but never imprisoned… the man who handles FASB like most people handle a Suggestion Box… the man who got investors to embrace pretending as part of a financial strategy… the only adult male to make Elizabeth Warren check YES on waterboarding.
No, I didn’t want to bother with little Timmy Geithner, but after what went on when he invited a group of bloggers to Treasury in mid-August, he left me no choice. It’s almost like he wanted to be featured in this column. After all, Bernanke’s been here. Sheila the Care Bair’s been here. President Obama did a stint on these pages for a month at the beginning of 2010. I even welcomed Assistant Treasury Secretary Michael Barr into my Rear-of-the-Month Club in 2009, but until now… no Treasury Tim. Maybe he was feeling left out so he decided to do something so incredibly odious that he knew I would be powerless in the face of his jackassedness.
Posted in Why QE2 + QE Lite Mean The Fed Will Purchase Almost $3 Trillion In Treasurys And Set The Stage For The Monetary Endgame
September 26th, 2010
“Probably the most important fact that economists and investors are ignoring is that QE2 will be accompanied by the prerogatives of QE Lite, namely the constant rebalancing the Fed’s balance sheet for ongoing and accelerating prepayments of the MBS/Agency portfolio. ”
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Funds ‘must be able to choose’ how to invest responsibly
September 26th, 2010
“The government would find it virtually impossible to legislate for socially responsible investing (SRI) by retirement funds, because it is difficult to define what SRI means, a retirement funds conference heard this week.”
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Are Stocks Overvalued By $4+ Trillion?
September 26th, 2010
“Today, David Rosenberg also chimes in on this ridiculous divergence between the S&P and bonds, and in graphic form shows that should the gap ever close, it would lead the stock market to its fair value, which ironically, is just around the March 2009 lows of 666… As a reminder, historically bonds are right… about 100% of the time.”
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Selling Gold That Grows on Trees
September 26th, 2010
Someone else catches on to the gold/silver COMEX fraud: “… if this much gold and silver really is changing hands out there, then why are eligible COMEX inventories sitting at 20 year lows? If the Big Commercial traders are laying on these enormous short positions as part of a legitimate hedging strategy, then why wouldn’t the same strategy work with crude oil? Or Wheat? And, most notably — why wouldn’t this same hedging strategy work with copper? ”
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James Turk – Explosive Gold and Silver Short Squeeze
September 26th, 2010
““As I’ve been saying all along, it’s extraordinarily rare for markets to set up this way. I can only think of a few occasions in my 35 years of trading when the precious metals have been poised to blast off and this is one of them.”
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Golden Conspiracy
September 26th, 2010
Bill Murphy of GATA gives the 101 on central bank gold manipulation in this BNN interview.
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Gold’s next hurdle is 1980’s inflation-adjusted peak
September 26th, 2010
Gold hit a record high of $875 an ounce on Nymex in January 1980, about two months after the start of the Iran hostages crisis and less than a month after the Soviet Union invasion of Afghanistan. That’s equivalent to about $2,318.84 an ounce in today’s dollars.
Kind of hilarious that they use $1800/oz on the chart but then $2318/oz in the article. Of course, official statistics-debunker John Williams would say gold needs to best a dollar value more like $7000/oz to truly be in “record” territory.
Lennar The Hedge Fund
September 25th, 2010
Or: “How To Use Tax Bailout Money To Lever-up into Government Guarantee Programs And Be Profitable Again”
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Investors Are Deaf to the Screams of Gold, Cotton: Mark Gilbert
September 25th, 2010
“Gold may be screaming more about a general mistrust of the securities markets than about the prospect of rising prices. Rip, though, would be similarly horrified to see cotton trading near a 15-year high at more than $1 a pound, or wheat surging more than 30 percent in the past year, helping to drive a UBS/Bloomberg index of food prices up by about 28 percent. The official figures say inflation is dormant; the phrase “lies, damned lies and statistics” springs to mind… Every bond investor suspects that chucking billions of dollars into the global economy builds a bed of kindling; nobody wants to shout “fire!” in a crowded trade. ”
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