A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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G8 leaders back Greece amid tensions (via AFP) G8 leaders said they want debt-stricken Greece to stay in the eurozone at a Camp David summit as the group papered over deep-seated divisions about how best to tackle the eurozone crisis. With the future of Europe’s currency union in doubt, leaders of the world’s largest...
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WTAE PittsburghTREASURIES-US bonds steady on Europe fears, US dataReuters| TOKYO May 18 (Reuters) - US Treasuries were steady in Asia on Friday, well-supported by fears about Greece and Spain as well as growing doubts about the strength of the US econo...
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The world may end in the morning, but the central banks will simply threaten to print more money and the market will rally in anticipation. Meanwhile, enough of Monday’s break was retraced to leave in doubt whether a full blown correction will ensue. The upside projections in the mid to high 1400s for the...
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Sovereign debt is thought to be safe because, as we all know, nations always pay their debts. While individual nations go bankrupt from time to time, we maintain our faith in sovereign debt because the majority of nations don’t. But what happens if several nations go bankrupt in a very short span of...
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As I had preciously suggested here and especially to one or two members privately, the CERN experimenters are now confirming publicly that they are proceeding to open out observations of tests they have been conducting that show some particles are trav...
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10:53 am
From Peter Tchir of TF Market Advisors
So we get an early start to the Europe goes home rally?
Since by now even my mother knows that US stocks rally when Europe goes home, it only makes sense to rally well ahead of it? It has become too we...
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We have fared somewhat better than a lot of the nation. There is still office building, strip mall and new home construction - but it is slowing. The area is south of Nashville.
My grandson has been a part timer at Home Depot for two years. They tend ...
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The Financial Armageddon website looks at five very revealing stories that tell the actual truth about inflation, growth, unemployment, housing and productivity.....
More Than a Little Doubt
For those who believe, as I do, that th...
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From the Vanity Fair Article:
"A banking system is an act of faith: it survives only for as long as people believe it will. Two weeks earlier the collapse of Lehman Brothers had cast doubt on banks everywhere. Ireland’s banks had not been managed ...
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As you know I have never had any doubt that the Fed directly caused the 2008 market collapse. Back in September 2008 I was calling attention to the fact that what the Fed was doing would cause a market crash.
Now I can also say, unequivocally, th...
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Just when folks were getting used to having their garbage picked up.....
More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst...
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Damning evidence of what is going on with bailouts is around the 1 minute mark of this short video from Alan Kohler.
Compares the market's response to the Greek bailout on their debt spreads pre and post bailout and the implication of what to expect f...
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Bulls had trouble keeping it afloat today.Is it the beginning of something good?
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The mortgage applications data released on Tuesday continues to cast doubt on the NARs data showing a recovery or stabilization in the housing market. I don’t question their data, but the MBAAs data and Zillow’s data do not support it. See http://wallstreetexaminer.com/2009/09/01/more-little-lies-and-big-spin-gains-or-blips The Treasury completed 3 bill auctions this week with buying at panic...
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The conventional wisdom (CW) seems to be moving towards making a staginflation call. I don’t think there is now much doubt that the surviving Risklove hedge funds are back in the game gearing this trade to try and “show their worth and manhood” to clients. Indeed many commodities (especially of late) have popped sharply...
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The H3 data from the Fed gives some startling evidence as to the degree of financial deleveraging that occurred during the Panic. Without doubt banks and lenders must have sold a boatload of securities at what were probably distressed prices during this period. To the Fed? To vultures? And for what purpose? to prepare...
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SPX and Euro Updates: Still No Change Since Thursday
There's been no material change in the counts from as far back as last year (always wanted to say that). The market remains balanced at a short term pivot point, and there's literally been no change at all since the updat...
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