The ship is sinking. The Fed continued the fastest 3 week expansion of the monetary base in the past 7 years on Friday. But it was not enough to offset the $76 billion in new Treasury debt that is settling during the period from yesterday to Monday. Outside of the week after 9/11/01, nothing...
Read more »
Archive for February, 2008
Fed Bails To No Avail Against Flood of Treasuries – WSE Pro
WSE Pro Precious Metals Update 02/29/08
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
Read more »
Where There’s Smoke, Is There Fire? WSE Pro
The stock market sank under the weight of an onslaught of Treasury paper in spite of lots of help from the Fed. This began to trigger indications of a possible turn on cycles of up to 13 weeks. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the...
Read more »
Crowding Out- The Unreported Crisis- WSE Pro
The Fed kept up the pace of the fastest 3 week expansion of the monetary base in the past 7 years in an effort to help the Primary Dealers absorb $76 billion in new Treasury supply over 3 days. It was not enough to keep stocks from selling off. Click here to...
Read more »
Radio Free Wall Street 2/28/2008
Lee Adler and Aaron Krowne talk about the latest happenings in the financial arena, with a focus on the collapse of, local, state and especially US Government finances, and why the latest housing data is worse than the media is reflecting.
Read more »
Redcoat
I was literally shocked to read the Wall Street Journal today. I experienced two surreal moments that left me stupefied.
Read more »
WSE Pro Precious Metals Update 02/28/08
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
Read more »
Aunt Fannie and Uncle Freddie’s Big Rubber Hose
In an apparent move to get the implied guarantee of the government even further into the propping up fictitious housing prices, the portfolio limits on Freddie and Fannie Mac were lifted. Although the initial reaction of the markets (see MBS chart) to this shaved coin approach has been negative, it is evident that...
Read more »
In This Corner- WSE Pro
The rally stalled on Wednesday, setting up a crucial test of strength in the Heavyweight Championship bout between the Treasury and the Fed over the next 3 days. The stall left some interesting clues. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for...
Read more »
Dirty Rotten Crooks
The federal-insured mortgage industry is ground zero for fraud, and its actions will cost you money.
Read more »
Um… No thanks
In a move more tell than a Goldman Sachs downgrade or some other propaganda piece spouted by PigMedia, the chief risk officer for Citigroup resigned.
Read more »
Fed Injects Steroids – WSE Pro
The Fed forced a ton of cash into the market on Wednesday, as expected. In preparation for the Treasury’s enormous issuance of new paper the Fed added a net of $11.5 billion with an overnight repo in that amount against no expirations. That pushed the 5 day net to a net add of...
Read more »
WSE Pro Precious Metals Update 02/27/08
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
Read more »
A Dry Well: With a Large Firehose Stuck Into It
At a time when real capital is scarce we see that Visa is planning to come to market with the biggest IPO in history. In terms of investor liquidity this supply could result a giant sucking sound for the markets. As I have posted before, individuals have been pulling funds out of 401k funds...
Read more »
As Good As It Gets – WSE Pro
Cyclical indicators made a tremendous upward surge on Tuesday. The move comes relatively late in the 13 week cycle up phase, and it was not accompanied by a price breakout. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If,...
Read more »
More Coal To Newcastle- WSE Pro
in its best “carrying coal to Newcastle” tradition, the Treasury announced today that it would sell yet another $30 billion in CMBs on Thursday to settle next Monday. That’s $76 billion in new Treasury supply over 3 days, and $141 billion in new money in the last 3 weeks. Can the market sustain a...
Read more »
WSE Pro Dollar Index and Bond Yields Update – 02/26/08
Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro subscribers only). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund....
Read more »
Misreading Ben
Leave it to PigMedia to distort the intentions and words of everything and anything. One of the more interesting concepts floating around is that lowering rates is positive for the U.S. economy and consumer.
Read more »
WSE Pro Precious Metals Update 02/26/08
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
Read more »
Wicked Witch of the East: I’m Melting.
In yesterday’s post the concept or Winterism of LIED was presented. Today’s focus is on the E or evaporate portion of the equation. Evaporate refers to the fuel (credit) needed to maintain Ponzi economies. It can also refer to the Ponzi economy itself. In effect when the fuel evaporates, the Ponzi economy itself melts,...
Read more »
Rationality Breaks Out – WSE Pro
The market finally broke out of its intermediate downtrend channel, thanks to one of the ratings agencies reaffirming its AAA rating on Ambac. If you want to know what I really think about that, see the two articles just below this one on the front page of the Wall Street Examiner. Click...
Read more »
Standard and Poors Introduces New Corporate Logo
Thanks to Jetlag at Capitalstool.com’s Stool Pigeons Wires for reporting.
Read more »
BULLETIN- Wire Service Reports Gates, Buffet To Form Ratings Agency
BULLETIN - (Capitalstool.com’s Stool Pigeons News Wires)
Warren Buffet and Bill Gates to form new rating agency. They will offer new rating of AAAA and insurance on “AAAA” bonds. that is all.
Stoolie Speakeasy reported this story.
Read more »
Broken Field Runner- WSE Pro
Operating like a broken field runner, the Fed added a net of $5.5 billion to the market on Monday. It was the 5th day in a row in which they changed direction between adding and draining reserves. The 5 day net was nearly even, far short of the $22 billion of new supply the...
Read more »
Higher Ed Melts Down
CTB started writing on this theme with an earlier piece advertising price cuts in higher education. Some universities don’t like the idea of wholesale price cuts and continually decide to cost shift from one demographic to another. Still, it’s provides plentiful themes on the greater trends facing our country.
Read more »
WSE Pro Precious Metals Update 02/25/08
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
Read more »
LIED
The Ministries of Truth (MoT) have coined some new benign terms to describe the current economic scene. Stagflation and decoupling lead the pack, and have been added to the now debunked “subprime only” nonsense, which has been quietly replaced with contagion. All these terms are designed to turn extremely severe challenges into something more...
Read more »
Obama and the Housing Debacle
It seems highly likely that Barack Obama is going to push Hillary Clinton out of the race after the Ohio/Texas primaries. It’s also likely that a fragmented Republican electorate and an anti-George W. Bush mood spells the end for John McCain.
Read more »
35 Minutes of Terror- WSE Pro
Linrom, one of the posters at Capitalstool.com, described Friday’s action best—“35 minutes of terror;” which, if you were short, it most certainly was, as the market staged what appeared to be a rigged move based on a well timed rumor of yet another bailout of the “monoline” insurers. As wild as it was,...
Read more »
All The Kings Horses
Here’s the theme of a best seller, another in our series of the Best of Capitalstool.com.
“All the Kings’ men and all the Kings’ Horses cannot put the A-A-A rating back together again!
How many times have we been told about the bail-out of the bond insurers?
Read more »
