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  • This might be taking things a bit far: Tim Tebow is a counter-cultural phenomenon with market implications, James Kostohryz writes. "Tebow's story seems to have emerged out of nowhere to remind Americans of their 'better selves'... Are Americans getting ready to take personal responsibility and do the right thing regarding debts and deficits?" Also: If Tebow was a stock, it would be dangerous to hold.   [View news story]
    Americans depend too much from this government. The same government that fleeces them....
    Dec 19, 2011. 06:22 PM | 3 Likes Like |Link to Comment
  • Bank of America (BAC -4.3%) shares drop to a $4 handle for the first time since the week of March 6, 2009 when American stocks overall put in their epic bear market bottom. Shares are now trading at $4.97.   [View news story]
    CW, not only that but also the shadow banking system is drying up liquidity. Derivatives are running amok.
    Dec 19, 2011. 03:31 PM | 4 Likes Like |Link to Comment
  • Bank of America (BAC -4.3%) shares drop to a $4 handle for the first time since the week of March 6, 2009 when American stocks overall put in their epic bear market bottom. Shares are now trading at $4.97.   [View news story]
    Wyo, but they are all doing God's work!! They need more!
    Dec 19, 2011. 03:21 PM | 4 Likes Like |Link to Comment
  • Bank of America (BAC -4.3%) shares drop to a $4 handle for the first time since the week of March 6, 2009 when American stocks overall put in their epic bear market bottom. Shares are now trading at $4.97.   [View news story]
    Die, BAC, die.....this is making my day. Shorting banks has been the perfect trade for 2011.
    Dec 19, 2011. 03:12 PM | 6 Likes Like |Link to Comment
  • How Speculative Investors Helped Inflate The Housing Bubble  [View article]
    The banking oligarchy in their quest for more money, wanted less regulations. They bought the policians and in conjunction with the Federal Reserve they helped create the bubble.
    Dec 17, 2011. 09:49 PM | 3 Likes Like |Link to Comment
  • Bank Of America: Time To Shed The Image Of A Villain  [View article]
    Unfortunately there is just one word to describe the shareholders of BAC: gullible.

    They are being fleeced by the oligarchs who control the bank. They don't care of shareholders, not a single executive cares. They have what they want, extravagant bonuses each Christmas. When people are going to learn that banks are run for the benefits of the insiders and top executives. Oligarchs greed is insatiable.

    Bank of America doesn't care either of their customers. Their pesky fees, uncontrollable need to pick pennies there and over there shows their true colors.
    Dec 17, 2011. 08:47 PM | 4 Likes Like |Link to Comment
  • In addition to France, Fitch also places Belgium, Spain, Slovenia, Italy, Ireland, and Cyrus on negative watch. "Fitch has concluded a 'comprehensive solution' to the euro crisis is technically and politically beyond reach."   [View news story]
    Last boomer is spot on. The shadow banking system is devouring the banks. The derivatives are getting out of control.

    But banks used this shadow banking system before to increase their profits, and now it has come to bite them....
    Dec 17, 2011. 06:05 PM | 7 Likes Like |Link to Comment
  • Listen closely and one could almost hear "I told you so" coming from the wings of the European crisis. Ridiculed in her time for opposing the EU, Margaret Thatcher's ideas are of continued import as the periphery goes bust and Brussels reacts to the problems of centralization by centralizing even more, writes Charles Moore. "The day of the artificially constructed megastate is gone," she said just after leaving office. Now, like then, few in Europe are paying attention.   [View news story]
    D_Virginia, the bankers only know one thing :money. They don't care if they need to leverage up to the hill, they don't care if innocent bystanders get destroyed(our economy)....they have the politicians in their pockets. Politicians who promised things they knew were impossible to meet in the future. But they knew power and money is everything, so they needed to promise a lot of things to win elections. Politicians and government incestuous relationship creates a scenario in which money is above justice, freedom and democracy. Their greed doesn't has boundaries, it is insatiable.

    But us the people have also responsibility for the mess we are. We let the boom times blind us, we let the politicians cut financial regulations. I feel guilty for the future we have created for our children.
    Dec 17, 2011. 02:23 PM | 7 Likes Like |Link to Comment
  • No Monetary Virgin: The ECB's Backdoor Easing  [View article]
    Good article. Printing money, pretending and extending doesn't fix our long structural problems. The real intent of money printing is to protect the plutocracy. The banks oligarchs fear what is brewing, they see a collapse in which deflation destroys their wealth and society goes into massive protests. But also the bank oligarchs want more, their greed doesn't has limits, it is insatiable.
    Dec 16, 2011. 02:14 PM | 11 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    @deercreekvols, unfortunately Corzine is well connected. Don't expect anything. Just a political circus in which legislators pound their chests and do nothing. Most of the legislators are corrupted also.

    Don't raise your hopes too much.
    Dec 16, 2011. 01:50 PM | 3 Likes Like |Link to Comment
  • Last week's moves by the ECB to widen what it would accept as collateral as well to make 3 year loans are looking like the real deal. On top of a wildly oversubscribed Spanish debt auction yesterday, French yields are diving, 10 year OATS falling 9 bps to 2.92%, below 3% for the 1st time in 2 months.   [View news story]
    Money printing can make miracles abound.
    Dec 16, 2011. 07:51 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Markets participants(mostly HFT algorithms) are in a state of happiness just because our jobless claims dropped. If you look at the statistics deeper, one sees a labor participation rate that keeps shrinking, a jobs growth lower than the population growth rate. Things are getting only fractionally better. But rest assured, this is a bounce in just a normal business cycle that has already peaked.
    Dec 16, 2011. 07:46 AM | 11 Likes Like |Link to Comment
  • Printing money can't solve global debt problems, says legendary hedge fund investor Julian Robertson. Sadly, it's the overwhelming strategy being used today by global leaders, but it creates tremendous volatility in the market and doesn't get us any closer to fixing our problems. Unfortunately, as long as the printing presses around the world keep running, politicians will avoid the difficult decisions - like necessary cuts in spending - and take the easy way out rather than risk losing votes. (video)   [View news story]
    Yeah, tell that to the Federal Reserve and it's owners....they would tell you resource utilization is low and thus we need more money....But of course the real intent is to protect the plutocracy and banking oligarchs.
    Dec 15, 2011. 08:14 PM | 8 Likes Like |Link to Comment
  • Goldbugs Play the 'Slower Fool'  [View article]
    The banks and the government in their incestuous and infamous relationship would assure that taxpayers suffer. This is done by taking more debt and debt placed into the backs of the working American. Then we have the Federal Reserve, a banking cabal that only interest is to serve the oligarchy and boost the plutocracy. Physical assets are a no brainer.
    Dec 15, 2011. 07:44 PM | 5 Likes Like |Link to Comment
  • Gold's Only Worth What Buyers Will Pay  [View article]
    We know the banking oligarchs are ready to force the Fed to print us into oblivion. They need it, their insatiable greed doesn't has limits. They need an excuse, soon there would be news of global growth getting slower and slower and voila! The Fed prints again.....

    Be prepared to buy gold if it keeps dropping,
    Dec 15, 2011. 07:39 PM | 4 Likes Like |Link to Comment