Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Billions ’
Bank’s Collapse in Europe Points to Global Risks
October 22, 2011
Bank’s Collapse in Europe Points to Global Risks
By GRETCHEN MORGENSON and LOUISE STORY
As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American ban...
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Happy Columbus Day Treasury Market
Foreign central bank dumping of Treasuries and Agencies continued this week, although not at the frenetic pace of the past two weeks. This activity may be beginning to take a toll on the Treasury market, where yields are showing signs of possibly having bottomed. Treasury supply was light with no net new supply settling...
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Tablet Euphoria?
The hype around Tablet computing as the second coming as the PC is getting far ahead of reality. This reminds me of dot.com bubble days where there was alot of hype about watching videos on the internet -- remember this is where Mark Cuban sold Broad...
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Stop Coddling the Super-Rich
August 14, 2011
Stop Coddling the Super-Rich
By WARREN E. BUFFETT
Omaha
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They,...
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Taking Away The Punchbowl
Whenever I unleash a tirade at home about how Federal spending has leaped 40% in three years and how the government is now borrowing 42% of its spending, my wife points out that nobody cares because the deficit doesn't impact them at all. This alwa...
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Why I Would Rather Shoot Myself Than Own a Home
How do banks make money? Very simple. They borrow from you at cheap interest rates and then lend to you at higher interest rates. What? How do they do that? Well, when they pay you 0.5% on your checking account its as if they are borrowing from you ...
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Morning Sickness Notwithstanding, Market Should Head Higher
With the Fed and Treasury having put out billions in walking around money this week, Ben’s dog and pony show was well received. The money flow will be a lot less favorable beginning on Friday, but the technical indicators say the market is heading higher, this morning’s weakness notwithstanding. Tweet
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The Land of the Rising Yen, or Derivatives blow-up!
The McAlvany Weekly Commentary (or currency roulette)
Some ask the question: “Why is the yen rising during a period of time when Japan is at one of its greatest crises?”
(excerpts)
The G7 do not want the yen to appreciate any more. As far as ...
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Why Isn’t Wall Street In Jail?
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, ...
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Truth Squad 2.0
I wish I had a buck on my balance sheet for each time that I heard a pundit pronounce that corporate balance sheets are in great shape and that they have gobs of cash to unleash on the economy. Of course, you analysts went to business school. Surely y...
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U.S. Keeps Throwing Billions at Troubled Afghan Projects
KABUL, Afghanistan — For years, U.S. officials held up Kabul's largest power plant project as a shining example of how American taxpayers' dollars would pull Afghanistan out of grinding poverty and decades of demoralizing conflict.
...
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The Texas Omen
NYT columnist Paul Krugman looks at "The Texas Miracle" and finds that it isn't really a miracle after all...
These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. ...
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A Fed-Induced Speculative Blowoff (Hussman)
A Fed-Induced Speculative Blowoff
Why are Treasury yields rising despite hundreds of billions of Treasury purchases by the Fed?, queries John Hussman. The current debate says the Fed's policy of purchasing Treasuries has caused yields to rise in the ...
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Dollar Short Panic In A Burning Theater
The End Of The Dollar Carry Trade?
"While some of the recent spike in short interest has been covered, there are still just over a whopping 7.5k contract shorts that need to be covered before a reversion to the recent trendline. This is why we are cu...
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State and Local Government Squeeze is On
Squeeze is on for the state and local government borrowers. With options dwindling austerity destined to become only recourse. To the extent these governments avoid tax hikes, the budgetary axe will have to fall. Union agreements will be destroyed, pen...
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If It Crashes, Just Shoot Me – Professional Edition
Yes, we had our first big Fed POMO, but the market still has to settle $42 billion in new Treasury paper on Monday, and that had a lot to do with the market’s problems on Friday. Once that’s out of the way, the real impact of billions in Fed cash being pumped into the...
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Waiting for the almighty to speak
Billions of people wait to be rescued again.....The mighty OZ will save the day.
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QQQbears Hot Links for 9/29/10
ROISEPTEMBER 29, 2010.You Should Have Timed the Market
By BRETT ARENDS
Everybody knows the last decade on Wall Street was a poor one for investors.
Turns out it was even worse than we thought.
A remarkable new study from TrimTabs Investment Rese...
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FDIC- Everybody Play Daisy Chain
As a consequence of the pretend approach described in my CRE “Primer” post, I would ultimately expect the FDIC to be the vehicle that will be saddled with hundreds of billions in impaired CRE. The longer they wait to resolve this issue, the worse the condition, the worse the recoveries, and the more slum like...
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Bloomberg Elevates the Bozos
Bloomberg did a hit piece on Roubini today by one Whitney Kisling. The article also praised Laszlo Birinyi for getting the 1990s right, and quoted one money manager as saying we should only listen to money managers, and not analysts. As if those money managers aren’t publicly talking their book, using the media as...
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WH – 1.9% GDP growth
The official Obama’s budget is projecting a 1.9% GDP growth this year, in 2009. With the economy sinking at 6% rate this quarter one would say – impossible. I will say – let’s look at it. 1.9% GDP compound for 1 year is about $260 billions. So the economy has to manufacture $260 bln...
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The $71 Billion Prop Job – Professional Edition
$71 billion will buy a lot of paper, and there’s more to come, as the Fed has scheduled 2 more Treasury permanent purchases this week. That’s on top of $56 billion in Treasury paydowns that will settle this week, and billions more in MBS purchases that are scheduled for settlement over the remainder of...
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China Tells Bernanke to Take A Hike
Interesting commentary posted on the gold-eagle website....here's an excerpt, followed by the link.... Many commentators have posited that the US Federal Reserve will not hike interest for several years. It is my contention that the Fed CANNOT raise...
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