Counterparties – The Wall Street Examiner

Banks shrink from counterparty risk as euro crisis rolls on | Reuters

Newswires Latest Business Headlines May 29, 2012 0 Comments

Alarmed by Europe’s latest debt crisis and its unpredictable outcome, banks are getting increasingly picky about who they do business with for fear of taking…

Geithner’s Ploy: Saving U.S. Banks at Taxpayer Expense, Once Again

Guest Editorial Contributors- Economic and Financial January 8, 2012 0 Comments

By Michael HudsonU.S. and foreign stockmarkets continue to zigzag wildly in response to expectations about whether theeuro can survive, in the face of populations suffering under neoliberalausterity policies being imposed on Ireland, Greece, Spain, Ita…

Nowhere to Run, Nowhere to Hide

Bears Chat at The Wall Street Examiner Bears Chat October 31, 2011 0 Comments

I landed back in the USA Wednesday from Sweden. What a downer to be reminded that more people speak English in the foreign country you just came from, and to notice what a slum airport New York’s JFK is. “Wretched refuse yearning to be free,” the po…

Get Ready for the Coming Bond Market Bloodbath

Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.

Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.

Constructive Signs for Gold Digging

The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive

Lots of Sell Signals Again From Friday’s Swing Trade Screen

Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.

Nothing Has Happened Yet

From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.

Useless Banking Indicators Except for One Giant Red Flag

I started to wonder how the banking indicators were looking lately. I’ve looked at the charts this morning. In updating this for you, I’ve again attempted to minimize the verbiage here. The charts are bad enough.