swaps

Wall Street Breakfast: Must-Know News

After doing what the banks wanted, Geithner is now taking the fall.

Maybe Dimon does not want to serve his country so much as he wants to save the banking system from total wipeout.

Did it not take Chase a century to accumulate its first billion dollars, and then only four years to double that by being the banker in Vietnan, a war advocated by its chaiman?

Will Dimon pursue a policy of breaking down banks to smaller size that are big enough to fail, or will he want to close banks and then sweep its customers into the ever growing JP. Morgan Bank One Chase etc super bank with government backing?

Hopefully Dimon is being altruistic and will do what is best for the public and the republic, but so far bankers are only waging constant class warfare against everyone else.

Is This the Beginning of a New Secular Bull Market?

Interstng article. But there are no underlying fundamentals to justify this rally - a rally which is much appreciated by me.

How much of this "rally" is actualy repricing of stocks in terms of a cheapening fiat dollar that requires more of them to buy anything? How much of this rally is enginneered by a plunge protection team that was overwhelmed in late 2008?

In 2002 the DOW fluctuated between roughly 7400 and 10000 and was around 8800 in Nov. 2002.

In 2002 gold prices were fluctuating around $300 rising to around $330 in the last half I think.

Today the Dow is at 10400

Gold is at $1,100..

Is gold in a secular rally or being priced in terms of the falling dollar?

Is the DOW in a rally or just repriced in 2009 inflationary dollars?

Why the Stock Market Should Crash

The current shrinkage of the stock market from its all-time highs somewhat correlates with the shrinkage of the job base.

The market will crash when the nation totally crashes and the greedy elites seem to be workng toward that with their relentless ourstourcing, cheap labor importing and massive defrauding.

Dow Remains Resilient Despite Calls for a Correction

Ooops. This should read "when I returned from a 10-day road trip,I learned my modest......."


On Nov 10 10:36 AM swaps wrote:

> When I left town on a 10-day road trip in late October I found my
> modest holdings had dropped nine percent.
>
> That was the correction. And now they have already rebounded and
> come close to closing the gap.
>
> So maybe the called for correction has come and gone. I hope so.

Dow Remains Resilient Despite Calls for a Correction

When I left town on a 10-day road trip in late October I found my modest holdings had dropped nine percent.

That was the correction. And now they have already rebounded and come close to closing the gap.

So maybe the called for correction has come and gone. I hope so.

Wall Street: Dumb as It Ever Was

I am a student of psychological warfare and I am still amazed that simply rounding up prices on a menu can cause such psychological angst and suffering when a diner does not see the odd $9.95 price tag for a salad.

And they walked out without ordering? I really need to find out why the human mind is now so strongly conditioned to only expect a fractional price. There is something very deep at play here, somethng the manipulators have now embedded in our stimulus - response conditioning.

And this is just one of the mind control triggers among countless unknown ones..


On Nov 07 09:03 AM americanincanada wrote:

> From my experience the reason why consumers like a price of $9.95
> rather than $10.00 is the impression that the former price is carefully
> calculated, the best possible deal that gives the store a minimal
> profit to survive, while the latter round number looks like it was
> picked out of the air and probably has a built in too generous profit.
> Announcing a 10.2% or 9.9% unemployment rate seems to reflect careful
> gathering of statistics, while 10 % sounds like a number pulled out
> of a hat and probably not valid. Foolish yes, but I saw the disaster
> that happened when a menu at a restaurant I owned was replaced by
> the exact same menu with the prices changed up or down by slight
> amounts to become round numbers. The new manager made the change
> because he thought the previous prices were silly. There were lots
> of complaints, some people got up and walked out before ordering,
> and revenue plummeted.

Finance's Changing Playing Field

The dumb money won't complain yet because the big banks led the broader market up from the edge of the abyss that your charts show was forthcoming. Disclosure. Still long.

Congress clearly still does not understand central banking, investment banking - or should we say inwestment banking, cute tv ad.

Congress understands that money comes to it from the financial sector. Maybe that is why they bailed out the banks and turn their heads away from the obscene bonuses being paid to bankers who would be on the street if their holdings had not been bailed out by fiat money.

The uptick rule is still abolished. No get-tough agency has been formed to oversee that FDIC and SEC enforce laws on the books already.

GS rules. Congress follows. The regulators look at porno on their computers during the work day, I guess. They are accountable to no one.

No one.

As Paulson warned last autumn. If Congress gets tough, if Congress does not authorize a private bank to print all the money it wants, if Congress audits the Central Bank - then "we" will take the country down.

As if they haven't already.

Moody's Luck of the Irish Has Run Out

Right, the wrong Moody's rating lulled me into AIB and I am down 50 percent still even with the bounce back. I know. Use stop loss.

Doesn't the astute Buffet own Moody's too? If so, then Moody's cannot be allowed to fail. Buffet is too big to not be catered to by the lap dogs of international banking elites.

New 'Crash' Warnings for U.S. Markets

The scariest fact in Jeff's essay is the relentless insider selling. No question it bodes badly for the future. Hopefully they are just diversifying assets to protect themselves from having a single asset - their company - getting trashed by any future GS predatory short selling. (My contribution to name calling).

However, today, my modest IRA is surging as nervous nellies flee to gold and oil stocks. They are seeking tangible assets that can be re-priced and hopefully hold on to some value after the dollar collapses to its lowest level of equilibrium. We can thank the Fed and the GOP war party for dollar destruction. Borrow borrow borrow spend spend spend, interest interest interest.

So today at least the stocks market is not collapsing, but rising in response to a looming dollar collapse. That is the major threat. A stock market collapse would be in response to the confusion that would temporarily cloud what business enterprises and their underlying assets are worth in barter.

Analyzing Strange Volume on the NYSE

America no longer invests.

It trades.

Big difference.

CalPERS Is Unsustainable

Forcefully stated. Should run in every newspaper. Let's ask Warren Buffet to buy full page ads to run this piece. Of course he will.

By the way, I am 18 months ahead of the baby boomers and I sensed them ruining my life and crowding me to the margins decades ago.They were an exuberant egocentric force of historic precedence.

Economic Collapse Is Accelerating

I have read elsewhere there are up to 18 million vacant homes - and you report that there are more to come.

People who lose jobs cannot pay mortgages - and they can't pay rent either. In the last Great Depression exended families moved in together for a decade until the storm had passed. So buying a home to rent out could be a speculative venture in some markets.

The reason why Jeff Nielson's view and the typical CNBC guest are not in synch is due to the massive financial help the government and the privately owned Fed gave to only the banking - financial sector. If they had not done that, a lot of talking heads on CNBC would know a lot of unemployed financial people - or be unemployed themselves - and they would grasp what Main Street is experiencing.

2009 Is Looking an Awful Lot Like 2008

I raised cash yesterday, put some back in today and now Graham Summers has given me a higher wall of worry to look up at from the base.

You cite the SEC cracking down on short selling. Wasn't the ban just on their beloved financial stocks? The elites clearly favor Wall Street over Main Street in blatant class warfare. I am sure their ban was not applied to all stocks.

Of course the SEC also conveniniently dropped the uptick rule in an amazing timing move which accomodated GS in its short selling frenzy that exacerbated the downs I am sure.

California and New York Debt Is Riskier than Russia and Turkey

Our own CIA reports Russia has been running balance of payments surpluses since 2000.

Russia has paid off most of its Soviet era debt.
What are the odds the U.S. will pay off its Bush era debt?

Get Spending Going: But How?

If the government truly wants to stimulate spending then why is it freezing Social Security payments until 2013? Retirees are already receiving checks that are up to 50 percent below where true inflation levels should place them.

The Federal government economists forget that Social Security income - when spent into the economy - has a multiplier effect of up to five times the original retiree spending as the money is spent and respent while flowing through the broader economy.

This is fresh money that would not have to be borrowed by the retirees and then repaid with regressive interest charges.

Retirees pumping more money into Main Street would have far great impact than has the federal government simply trying to plug a multi trillion dollar finger in a far larger black hole that the finanical industry is mostly reponsible for creating in the first place.

Clearly the federal government and Congress is favoring destrucive Wall Street - which has been encouraging the destruction of American business and jobs for decades under the guise of efficiency. Better if the government would start pumping up Main Street with direct transfers of cash.

The banks won't be loaning lots of money soon to kick start anything. Bankers know globalism - the strategy of outsourcing U. S. jobs and production while importing cheaper foreign labor - has broken the wage spiral that is essential to keep the usury interest spiral going.

Borrowers can't borrow $250,000 for a home today and then pay back $600,000 with interest in the future if their jobs and future raises don't mesh with globalist plans to drive the U. S. down to a world wide average.

More fresh money for retirees is a more logical first step to get more kick for the bucks.

An extra $1,000 spent by a SS recipient, will result in a multiplied $5,000 being spent as the money circulates and recirculates. And some of that will return to the U. S. as tax and Social Security revenue.

And that Social Security money need not be borrowed with the accompanying burden of interest.

The U. S. could simply issue the money on its own - as I understand Russia does when it wants to fund a project. And then any excess is soaked by taxation.


The U. S. has got to stop listening to investment bankers about what to do. Bankers have proven time and again they only care about themselves.

Look at the advice they gave to the New York Times to borrow, buy back stock. The stock is down from where the buybacks occurred and the company wishes it had the money back.

Investment bankers ....fix the U. S. economy without them.