Author Archive

by Jimi Total eurodebacle is in the offing. It’s going to get very hot in Athens before long. What struck me about the reporting on Greece today was that senior officials from Core-Europe said that Greece had not asked for financial assistance. They wanted to make clear that everyone heard the message – like here...
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By Heritage Ray FDIC leases almost 151,000 square feet in Schaumburg (Now here’s a growth business) The Federal Deposit Insurance Corp. has signed a short-term office lease for almost 151,000 square feet (more than half the building) in Schaumburg, Illinois to handle receiverships and asset sales for its growing roster of failed Midwestern banks.
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by Pulp Cutter I currently live in Mass, grew up here, and have spent about half my life here. Regardless of who wins, IMO the fact that it’s even this close indicates a major sea change in the US electorate. Mass elects plenty of Republicans in-state (e.g., 4 of our last 5 governors), and the election...
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By Jorma (Stool Pigeons Wire) December 21, 2009 – The relentless lowering of the top tax rates and capital gains rates and the effective corporate tax rate has been causal of everything the critics of the status quo rail at. Not tangential, causal. This is the ideological divide that cannot be crossed. The free...
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by El Dorado Obama’s economic speech today was a very lame attempt at addressing the turn in public opinion against him, his policies, and his administration. His talk says his administration is no different than Bush, and that the situation, being out of their control, forced them to do ‘unpopular’ things with banks.
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by Jorma (Stool Pigeons Wire) December 7- From the “no shit Sherlock department” comes this groundbreaking opinion from the Bank of International Settlements.
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by Jorma Dec. 1- (The Stool Pigeons Wire) Shares of Goldman Sachs fell this morning on the announcement that its earnings will fall significantly due to expenses related to providing security for its partners and facilities. A $20 billion dollar contract with Homeland Security will be administered by Xe, formerly Blackwater, who will provide security...
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The following is a translation of the Bernanke OpEd piece in today’s Washington Paste taken from the pages of our message board.. by Heywood (Wall Street Examiner Forums)Nov. 29-  For many Americans, the financial crisis, and the recession it spawned, have been devastating — jobs, homes, savings lost. Understandably, many people are calling for change. To...
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by Ags Nightmare Nov. 27 (Stool Pigeons Wire) Thing about this decline is Walfart shoppers are about to trample some security guard to max out the plastic buying DVD players, flat screen TV’s and toasters oblivious to the fact there is a global melt down in process.
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by Chicago Bear (Stool Pigeons Wire- 10/30/09) Here’s what they said in the GDP report: The improvement in real GDP in the third quarter primarily reflected upturns in personal consumption, inventory investment, exports, and residential fixed investment and a smaller decrease in nonresidential fixed investment that were partly offset by rise in imports, a downturn...
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By Ags Nightmare Oct. 6 (Stool Pigeons Wire) ” Folks…the bulls can do no wrong…Australia cut rates!!! ( yep he said that )….. just look at Mosaic…they missed by a country mile…sales down, revenues putrid, earnings non existent….but they said things will get better and it’s up huge pre market…everyone is celebrating the demise of...
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by Ags Nightmare Sept. 25 (Stool Pigeons Wire)– ” I tell ya folks….bears just can’t get more than a 1 % pullback…and when they do ?…Where is the volume ?!!!….low volumes selloffs..thats not bearish folks”….” Just makes the bulls case stronger…just look at the airlines today folks…that’s all you need to see that the ball...
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By Sudaca (Stool Pigeons Wire) Stock action is nothing compared to what I’m seeing in EM bond land. The buying frenzy has gotten to a point where it no longer looks like there’s no tomorrow, but instead as if there’s no next five minutes.
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by Spock Sept. 5 (Wall Street Examiner Wire) — Okay, it’s now been a full year since the implosion of Fannie, Freddie, the FHLBs, and the rest of the financial gamblers on the weekend of September 7th-8th, 2008″ So, what’s changed? Or a more appropriate question should be: “What HASN’T changed?” Well, here is a list of things that...
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by Sudaca September 2 (Stool Pigeons Wire) – Corporate bonds have been the biggest receivers of funds from the money market mountain. Investment Grade credit spreads have tightened significantly this year, but are still historically high. At least that has been the mantra these last few months.
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By Ags Nightmare I don’t think anyone knows whats gonna happen here but every tool the media used in the past two bubbles they are using in this rally. Today’s bear market lasted two hours. The other day…an hour if that. Maybe that means we are getting closer to some sort of pullback.
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By CWD May 11 (Stool Pigeons Wire) What is conspiracy? Hank and Blauplunt or what ever his name is, the Chairman of GS, Timmy G and Friedman and others over a conference call to decide to make GS a bank receiving Tarp money when it became obvious that GS was broke, funneling 180 BILLION to...
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by Trader Joe Charlotte, NC (Stool Pigeons Wire) – Bank of America will take over GM at request of the US government. When asked, Ken Lewis, CEO of Bank of America stated, “We think that GM will be a good strategic fit for Bank of America. Along with our forced acquisitions of Countrywide and Merrill...
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(Stool Pigeons Wire) by Trader Joe Prepare for the following: Authorized PPIPPIPPIPIPP Buyer (APB) gets approved to buy bank legacy debt and then
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by Mr. Moto There appears to me some substance in the Russia, China and SDRs news. I have been waiting on what opportunity both of them, together, would find for themselves. Not that they are to blame for anything. They must do what is best for them. News has also been that Russia intends to up its...
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by Spock And man, are things getting weird now or what? First, the UK has a failed gilt auction AFTER the BofE promises to backstop the gov’t debt. Then, the U.S. Treasury prices fall for five days straight AFTER the Fed announces their own “Quantative Sleazing” program.
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by Jimbo (Stool Pigeons Wire) Isnt it funny-the FBI is putting people in jail for sub prime mortage fraud while the federal goverment is setting up a scheme to do exactly the same thing – except its perfectly legal.
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Russ will be traveling in Asia Minor for three weeks. We hope to hear from him during that time. He should be back here around November 28. Meanwhile, feel free to leave your thoughts and comments about the economy, the markets, and the financial system in the comments form (link below).
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Russ joins Wall Street Examiner Editor Lee Adler and analyst Steve Northwood in a three part podcast. You can download and listen to all three at Wall Street Examiner Radio.
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The market took a breather on Tuesday, as it waited for the Fed announcement. The stock screen data showed a small uptick. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition ri...
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The Fed needs to supply a lot more grease by Thursday or there will be trouble as the new issues settle. Interest rates continued to move higher today. The stock market finally wobbled a bit under the building liquidity pressure. Click here to dow...
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With the Sow Jones now over 12,000--2% higher than it was 6 years ago--the financial media is back interviewing all the guys who wrote those "Dow 36,000" and "Dow 100,000" books back during the bubble years. Not surprisingly, they're still wild...
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Most broad market indicators continue to whipsaw around high levels. The SPX is almost at the top of the intermediate trend channels again, and it has pierced a major long term trendline. The more separation the market creates from that trendline ...
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Now that the Treasury is back to beggaring the markets, rates are moving higher, ratcheting upward again at today's auctions. The stock market was able to ignore the building liquidity pressure, as call writers bought back the long side of their h...
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With the Dow now trading above long term cycle moving averages, all of which are still in gear to the upside, the bulls continue to have momentum in their favor. Compared with recent long term cycles, this one lacks power, but it is not unlike the...
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