Well, according to this link:
http://finance.yahoo.com/q?s=bac&ql=1
…Bank of America is solidly back in the six-dollar range, and headed lower.
Poor “Uncle Warrant” must be kicking himself for piling into this pig.
Anyway, are we coming closer to…
Wow, looking at the chart of new McDebt for McShantys below, one has to ponder how much more horrid it would look, had not Uncle Thug and the Fed poured TRILLIONS of dollars into the GSEs, the banks, and into McHousing programs.
Notwithstanding, it lo…
Really, no matter how completely I contemplate it, no matter how deeply I delve into it, I simply cannot wrap my Vulcan mind around the chart below (courtesy of Mish’s blog, found here: http://globaleconomicanalysis.blogspot.com/2011/09/2-year-10-year-…
With bad news stories like this:
http://www.reuters.com/article/2011/09/01/us-bankofamerica-mortgage-settlement-
idUSTRE7804W020110901
…and this:
http://www.reuters.com/article/2011/09/02/us-bofa-fed-idUSTRE7811EQ20110902
…and BAC’s stock pric…
Well, for me it’s a continuation of the insane interest rate chart trend, shown below.
Really, if someone would have told me that in 2011 the U.S. will have racked up $15 trillion in sovereign debt (plus another hundred trillion in “off the books” obl…
Whew, and for a minute there I thought that Uncle Thug was gonna have to go through all that pesky paperwork to convert BAC into Bonnie Ma, when instead he can just have his “BFF” and business partner (in various “Maiden Lane” shams), JPM, do the deed-…
I never thought I’d live to see the day that, after racking up:
FIFTEEN TRILLION DOLLARS OF DEBT
…people would be piling into 4-week T-bills and accepting ZERO interest.
But here we are.
Look for yourself:
http://www.treasurydirect.gov/instit/an…
Man, if there is one “canary in the coal mine” to watch, it’s “Bonnie Mae”. (Note: If have dubbed Bank(rupt) of America “Bonnie Mae” because I’m convinced that Uncle Thug is gonna have to take her over and turn her into a “banking GSE”, similar to the …
Buenos Aires, Argentina – Is the world finally cracking up? It certainly seems so…at least in that fiery patch of land claimed by the world’s three major monotheistic religions. This is serious stuff. Are you paying attention, Fellow Reckoner…
