Posts Tagged ‘ Clue ’

While I still don’t know exactly how the Treasury built up that enormous cash hoard, we may have gotten a clue today how it intends to use it. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that...
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The TBAC estimate of borrowing for this week missed by $33 billion, a sign that once again, the experts have no clue how badly things are spiraling out of control. For the week, the Treasury dumped $51 billion in new supply on the market, $28 billion of which settled today. As a result, the...
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Watching Secretary Tim “Stonewall” Geithner shuck, jive, and obfuscate before the Congressional Oversight Panel was sickening and disgusting to anyone who has a clue of what’s going on, but old “TurboTax made me do it” obviously impressed investors, who in the main continue to be clueless. Geithner even smirked that he had never worked...
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Comparing today’s market with 1929-32 is an interesting exercise. Today’s market is closely tracking that market in terms of time and rate of decline. Month to month direction is not exact, but it’s close. There was a short rally at this point in 1931 but it was inconsequential in the big picture. I don’t...
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I like Obie, but he has drunk the Kool Aid. We are doomed. He’s listening to the advice of those very same world renowned egonomists who never saw the current mess coming. How could those who never saw it coming in the first place, and didn’t recognize it after it had already begun have...
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