Tag Archive for Meltdown

Regardless of Which Way Bernanke Panics Next, The Ending Won’t Be Happy

Once again the mainstream media boohooed over a false and misleading seasonally falsified industrial production number, bemoaning that the SA number was down 0.4% month to month in May. They are playing into the Wall Street mob’s desire for manna from Ben next week. It’s totally bogus, supported only by false and misleading SA data, not the real activity.

Merkel urges ‘political’ union to solve EU crisis – Full Story

Merkel urges ‘political’ union to solve EU crisis (via AFP) German Chancellor Angela Merkel pushed for a stronger European political union Thursday amid growing international calls for action as fears of a Spanish banking meltdown fuelled the eurozone crisis. In the United States, Federal Reserve Chairman Ben Bernanke became the latest to sound the alarm…

Bernanke’s Garbage Conomic Models Mistook Housing Bust for Dot-Com Bubble

by Peter Orszag “In a speech last month about the financial crisis, Federal Reserve Chairman Ben S. Bernanke trenchantly noted that the initial losses from the dot-com bust were about the same size as those from the housing meltdown — yet the two episodes had very different economic consequences. What Bernanke didn’t say was that…

It’s 2007.2, and Our Next “Lehman Moment’ Is Coming Fast

It seems that my Thursday edition of Wall Street Insights & Indictments was warmly received by the bullish crowd, many of whom reached out to me to thank me for my optimism. I’m sorry to burst your bubbles, but I am not a raging bull (but thank you for asking). In fact, I’m still bearish. There’s a big…