The 1st Q was a boomer for junk. The best ever – by a long shot. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in…
Bruce Krasting, Contributors- Economic and Financial, Must Read
On David Stockman’s Out-Rage – Bruce Krasting
by Bruce Krasting •
Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and shows you…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Cyprus – Who’s to Blame – Brussels? The US Navy? – Bruce Krasting
by Bruce Krasting •
If you listen to the likes of Jeroen Dijsselbloem, (LINK) you might conclude that the problems in Cyprus were all about the big offshore depositors who flooded the local banks with cash. It you start with the ‘logic’ that the depositors are to blame, then it’s not hard to reach a ‘solution’ with haircuts of 40-80%. I…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Krugman’s “Smoot-Hawley Moment” – Bruce Krasting
by Bruce Krasting •
I’m constantly amazed at the things Paul Krugman has to say. This guy is on the top of the list of global economic thinkers. He has all of the credentials, and a huge platform to spin his views of what’s good and bad, and what should be done next. PK’s OpEd in the Times today…
Bruce Krasting, Contributors- Economic and Financial, Must Read
On the Circus in Europe – Bruce Krasting
by Bruce Krasting •
I’m flabbergasted that Cyprus is the cause of the circus in Europe. Cyprus was an avoidable problem in my opinion. That view is supported by the fact that all of the words, actions (and threats) by the deciders in Northern Europe have been decidedly negative. There was no “Can Do” talk. All I heard was, “We won’t do” or “Here…
Bruce Krasting, Contributors- Economic and Financial, Must Read
The Week That Was – Money Centers in Focus – Bruce Krasting
by Bruce Krasting •
What an interesting week. Monday brought a wave of righteous indignation over the thought of a haircut for Cypriot depositors, on Friday everyone is cheering the idea that deposits over E100k are going to gets ‘faced’ for 40%. The Cyprus story is far from over, but there are some lessons so far: Follow the money.…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Bernanke’s Policy = Reckless Endangerment – Bruce Krasting
by Bruce Krasting •
Reckless endangerment: A culpable disregard of foreseeable consequences to others from the act or omission involved. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Chief Actuary for SS – Raid the Retirement Fund! – Bruce Krasting
by Bruce Krasting •
Stephan Goss, the chief actuary for Social Security (SS) provided a detailed report on the status of the SS Disability Fund (DI) to the House of Representitives. The short story is that DI is going bust in a few years. The options to fix this problem were spelled out in the report. The extremes of…
Bruce Krasting, Contributors- Economic and Financial, Must Read
How Black Accounts Work – A Cyprus Connection? Bruce Krasting
by Bruce Krasting •
A central criticism of the decision to seize a portion of the bank accounts in Cyprus is that the “bite” hits small guys who have accounts with a balance of less than E100k. As I write, it appears that there will be some revisions to the deal that was announced over the weekend. Those changes…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Two Sides of Cyprus – Bruce Krasting
by Bruce Krasting •
Let me first (try to) give you a justification for the seizure of bank deposits in Cyprus. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves…
