SW Richmond

Wall Street Breakfast: Must-Know News

"they will also have to pass a test to determine whether the repayment is in the nation's economic interest"

Da, comrade. There are no markets, there are only interventions.


"The comments come as Goldman Sachs (GS), JPMorgan Chase (JPM) and other relatively strong banks push to be allowed to repay bailout funds."

This is such a confusing situation. GS, JPM et al are anything but "strong", and I think it's a stretch to even classify them as "relatively strong". IMO they are more like "nearly dead" from the movie "Princess Bride". The best visual I can offer is when Billy Crystal had to use a bellows to pump air into the lungs of the "nearly dead" Cary Elwes so that he could speak.

Perhaps the "relatively strong" banks would like to also swap back all the Treasuries they have exchanged for their nearly dead MBS at the TALF / TSLF? If we're gonna press the reset button and let these banks start paying an average of $600,000.00 salaries / bonuses, lets reset all the way, shall we?

Barron's Banks on $100 Oil

omodes,

I'd agree with you except this time it's all eyes on the dollar. Everyone's watching; I'm betting that the US politicos will do everything to prevent a deflation, and that means massive reinflation. Not one of them (except one from Texas) has the balls to tell the American people that it's time for pain. If you're buying oil with dollars, this one has a ways to go.

Barron's Banks on $100 Oil

One more things: The Tech Bubble ran for 5 years. The Housing Bubble ran for 7-8 years. The oil bubble is just a baby. We ain't seen nothing yet.

Barron's Banks on $100 Oil

Expect a coordinated global effort to talk down oil prices. Lower oil serves the best interests of ALL governments. Also expect the evil speculators to be rounded up and broken on the wheel. As I understand it there is now an actual delivery limit in place on NYMEX for silver. Corrupt governments will do whatever they can to squeeze money to where they want it to go and away from where they do NOT want it to go. Free markets.

If the demand destruction that Barron's allegedly expects actually materializes, we will have other things to worry about.

The only question that remains is the one that has begged an answer since this thing began: are "they" still in control of events, or are events in control of "them"?

Looks to me like it's #2.