The editors of Forbes have asked me to give them my economic forecast for the next year (cough, cough, guffaw). Don’t be impressed. They sent…
Just one simple chart to see how the triple-leveraged financial ETF from Direxion was perfoming during the rally from March lows:
The performance is compared to simple, not leveraged financial ETF (XLF). As you can see the slippage is amazing. I’m curious to know what is your downside target for the correction (if the correction ever […]
The best interpretation of the Fed statement I saw here:
Dear Banksters,
We want our f*** money back before October. If not, we will monetize it and have FASB board bring back stricter accounting rules. Do you f*** understand? Now get a move on selling your $2 trillion in equities, you don’t have much time.
Regards,
Benny
P.S. Jamie and […]
I hope that the global fast-food franchises is the American invention. Just to be proud about something. And I’m inviting to check the health of our biggest and most important franchise – the dollar.
Please keep in mind that United States is the only country in the world, which is not trying to push its currency […]
See video below.
There are 2 points I’d like to make about today’s economic data. The Bureau of Labor BS released the official unemployment rate this morning. It…
This post was by Trader Joe on yesterday’s Stool Pigeons Wire. One of the consequences of the “CRASH” in the high-yield debt market is that…
This is a syndicated repost published with the permission of The Yellow Brick Road. To view original, click here. Opinions herein are not those of the…
Hints of improvement in the housing market have been bandied about in the financial infomercial media, but just what does the evidence say? Click here…
The housing collapse is now accelerating into a crash. Data from the MBAA shows mortgage applications breaking down last week, hitting a new 5 year…
