A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
Read More »
When Newt Gingrich released a 28-minute film painting Mitt Romney as a corporate raider who profited from struggling companies, the Romney campaign said it expected that type of criticism not from Republicans, but from President Obama. That criticism has arrived. The Obama campaign opened a new line of attack today with a website aimed at undermining Romney’s claims...
Read More »
The market followed through on the upside celebrating the last day of QE POMO. I’m sure that the move was based totally on the great economic and liquidity fundamentals and had nothing to do with month end tape painting and a short squeeze of bears like me who had so wisely piled in on...
Read More »
Treasury market conditions were as good as it gets this week as the Treasury raised just $4 billion in new money. As expected, that gave a boost to end-of-quarter tape painting on Monday, with a little preemptory selling hitting the tape on Tuesday. The Fed stepped in as a buyer of both Treasuries and...
Read More »
Wells Fargo is a classic case study of the poor transparency and government interference model of economic policy. Poor transparency is polite language for “lying” or “mentiroso”. Or perhaps we could just call it painting lip stick on pigs. Whatever, this “approach” now seems to be the accepted conventional wisdom. WFC stock has more...
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
Recent Comments