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Contributors- Economic and Financial, Gold and Mining Stocks Trader, Must Read
The Spin on Cyprus Gold Sale Rumor Is “Back Asswards” – Aaron Krowne – The Implode-o-Meter
by Aaron Krowne • • 0 Comments
by Aaron Krowne Founder, The Implode-o-Meter There’s been plenty of press about the gold (and silver) “crash” of April 12 and 15th, most of it yielding a not-so-subtle schadenfreude stench. This is not so surprising, as anyone who has been openly positive about the precious metals’ prospects given today’s “new normal” of unprecedented “high-powered” money-printing…
Contributors- Economic and Financial, Must Read
Dr. Bernankestein’s Latest Mad Monster Creation
by Aaron Krowne • • 0 Comments
How well will Bernanke’s new “sterilized QE” idea work to support the bond market while reigning in inflation? Not well at all. Let us count the ways (and the unintended consequences)…
Contributors- Economic and Financial, ML-Implode, Must Read
ECB Adds Record Amounts of Trash Says Krowne
by Aaron Krowne • • 0 Comments
Reposted from ML-Implode.com with publisher’s permission. Via Bloomberg (snarky remarks from us at bottom) — The European Central Bank‘s balance sheet soared to a record 2.73 trillion euros ($3.55 trillion) after it lent financial institutions more money last week to keep credit flowing to the economy during the debt crisis. Lending to euro-area banks jumped 214…
Liquidity Trader
QE2 Shows The Fed Has Failed
by Aaron Krowne • • 1 Comment
Aaron Krowne is the founder of the Mortgage Lender Implode-o-meter. How soon we forget. There has been a lot of good commentary on the Fed’s latest round in its programme of “quantitative easing” (or “QE”), announced Tuesday, for $600 billion in additional bond buying (or is it $900 billion?) But it all seems to have…
Economics
The end of shorting ban may mark the MT bottom
by Aaron Krowne • • 0 Comments
This is a syndicated repost courtesy of The Yellow Brick Road. To view original, click here. Reposted with permission. Shorting is essential for market stability, it provides liquidity and short covering prevents big crashes. It’s an open question if the authorities engineered the market crash on purpose or the shorting ban was just a knee-jerk…
Latest Business Headlines
The Shrinking Pie Effect
by Aaron Krowne • • 0 Comments
It seems to me that predominating now in the markets is something that could be called the “shrinking pie effect” (as I try my hand at my own version of Winterisms…) : basically this is the propensity of the credit bubble in the widest sense to continue deflating even as various bailouts and pumping schemes […]
Economics
Inside Bernanke’s Brain – The Fed’s Response To The Crisis
by Aaron Krowne • • 0 Comments
The following piece is adapted from a letter to a friend, discussing economist Nouriel Roubini’s “The Twelve Steps to Financial Disaster“; his explanation of why the Fed suddenly aggressively cut rates in January.
I completely agree with Roubini’s assessment as to the severe risks the economy faces. But he is wrong, wrong, wrong and CLUELESS […]
Off The Wall
Simplified Mrotgouge Closing Paperwork Proposed
by Aaron Krowne • • 0 Comments
The new forms would provide for an additional signature right below the first one where the borrower signs to acknowledge reading and understanding all of the fine print, and promises to honor all of the terms for repaying the debt. […]
Off The Wall
Delinquent Homoaner Defaults on Mrotgouge; Wipes Out His Own CDO
by Aaron Krowne • • 0 Comments
Two years ago when Jimmy Doofman purchased his new De La La Estates home at 1419 Blasienna Circle for $500,000 he felt sure it would appreciate quickly, enabling him to flip it for a nice profit.
He wasn’t worried when neighbors began complaining about the slow ream estate market, because he didn’t have to sell; he was in […]
