The narcolepsy of the long Yuletide draws to a close and the world reawakens to its self-spun web of mutually reinforcing fiascos. Just before the holiday, a sense of futility darkened the European banking landscape as cascading sovereign default looked more and more inevitable. It was halted by a bazooka-caliber currency swap Ponzi that allowed the European Central Bank to pretend it had a $700-billion bag of sugar-plums to hand out to more…
Tag Archive for Ponzi
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Leland Miller: The Crisis Ahead for China’s Policy Banks
by Bears Chat at The Wall Street Examiner • • 0 Comments
Do I correctly feel a ponzi at work in the heart of the world’s largest banking system?
No! It’s all good, Bernanke is obviously not alone, he has found his true roll model at last.
Leland Miller: The Crisis Ahead for China’s Policy Banks
With these…
Bears Chat, Best of the Forums
And when in doubt, trot Warren Buffet out
by Bears Chat at The Wall Street Examiner • • 0 Comments
All stock shorters of Bank of America take heed. For, according to the WSJ blog, here:
http://blogs.wsj.com/marketbeat/2011/08/25/bank-of-america-shares-jump-on-buffett-
investment/
Warren Buffett is piling into BAC stock. LOL, and it was just two da…
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The Extinction of Retirement
by Bears Chat at The Wall Street Examiner • • 0 Comments
For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of…
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Doug Noland – Ponzi Finance Could Continue
by a Wall Street Examiner • • 0 Comments
There is risk that the FIRE economy will resume. Remember that we’re in the middle of bizzaro world here as far as finance and credit origination go.
Although we have the same issues as we had in the 1930s, this isn’t the 1930s and the United State…
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Kotlikoff on Ponzi finance…
by a Wall Street Examiner • • 0 Comments
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Japan’s GDP shrinks by 1.3%
by a Wall Street Examiner • • 0 Comments
continuation of the Ponzi requires debt markets to continue growing without limits …. who is gonna buy all this new and roll-over debt that needs to find a home? no guidance from the Bernank re: QE3 as it might cause a waterfall decline in debt marke…
