LIBOR Shows Worst Is Yet to Come for Credit Markets [View article]
Great primer for those not familiar with OIS and LIBOR. Recall when no one knew what CDO meant? Watch for LIBOR and OIS on the Christmas cocktail parties. In Peoria.
As for your first choice of investment, Treasuries. Sure, they appear safe, with a negative return. Personally, I have loaded up on Canadian Gov't bonds. I don't feel much comfort in the long term trend of the US$.
The Real Reasons Fertilizer Stocks Are In the Dirt [View article]
Gentlemen, Who doesn't get that it was over last week?
The rush to the exits ... began.
The prospects for ANY company's equity price are bleak. Get it? Bleak.
For your sake, stop looking at a leaf, and see the forest is a smoking hole.
If it wasn't enough for one to see AT&T was relying on OVERNIGHT financing last week to maintain treasury operations, then no amount of bad news will make it clear.
Think of These as Short-Term Troubles [View article]
IThinkBig--- yes, yes, yes. Nanny is Washington won't be there to give you back 80% of the largesse you send to them. No longer are you too stupid and greedy to decide where your money will go.
Adios, politicos. Don't let the door hit you in the arse on the way out.
As a foreigner looking at the actions (manipulation is such a loaded word) of the treasury, Fed and Bernanke/Paulson, this image of instability does nothing to make me want to put my money anywhere near American equity markets, or $ denominated assets.
Wall Street Bailout: Making a Deal With the Devil [View article]
Sigh.
You are correct. The economy won't collapse. The horrid financial architecture on Manhattan Island will collapse, and 300 million American ought to say bye-bye, not buy-buy.
The government aided in the creation of this wealth generating machine and now they want another transfer of wealth.
While this is the end of American hegemony, on the 'day after', a farmer somewhere will have eggs to sell to someone with dollars. And so on.
Price discovery will reveal what things are worth, just like always. Maybe Manhattan will be a metaphorical smoking crater, so? They screwed up and it's time for reversion to mean.
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Latest | Highest ratedThe Top 12 Brands Likely to Disappear [View article]
Commercial Mortgages: The $400 Billion Ticking Time Bomb [View article]
This is the best item from SA in a long, long time.
The Manipulation of Gold and Silver Prices [View article]
hedge funds dumping positions to raise cash.
Conspiracy theories...
Things Aren't as Bad as They Seem - Barron's [View article]
No, it doesn't. The $170B spent somewhere else. How is that a benefit?
It isn't.
Will the Market Break Its October 10th Lows? [View article]
LIBOR Shows Worst Is Yet to Come for Credit Markets [View article]
As for your first choice of investment, Treasuries. Sure, they appear safe, with a negative return. Personally, I have loaded up on Canadian Gov't bonds. I don't feel much comfort in the long term trend of the US$.
The Real Reasons Fertilizer Stocks Are In the Dirt [View article]
Who doesn't get that it was over last week?
The rush to the exits ... began.
The prospects for ANY company's equity price are bleak. Get it? Bleak.
For your sake, stop looking at a leaf, and see the forest is a smoking hole.
If it wasn't enough for one to see AT&T was relying on OVERNIGHT financing last week to maintain treasury operations, then no amount of bad news will make it clear.
Disclosure: 100% double inverse index.
Think of These as Short-Term Troubles [View article]
Nanny is Washington won't be there to give you back 80% of the largesse you send to them. No longer are you too stupid and greedy to decide where your money will go.
Adios, politicos. Don't let the door hit you in the arse on the way out.
And turn out the lights, parasites.
Gold Bulls: Beware [View article]
As a foreigner looking at the actions (manipulation is such a loaded word) of the treasury, Fed and Bernanke/Paulson, this image of instability does nothing to make me want to put my money anywhere near American equity markets, or $ denominated assets.
Uncertainty + arbitrary, sudden, capricious rule changes = ungood.
US, UK, and Germany Compete to Nationalize the Most Banks [View article]
SELL!!!
The Deal's Getting Done, But Will It Work? [View article]
Putting financial expedience ahead of freedom is wrong.
Get the federal government out of the market.
Wall Street Bailout: Making a Deal With the Devil [View article]
You are correct. The economy won't collapse. The horrid financial architecture on Manhattan Island will collapse, and 300 million American ought to say bye-bye, not buy-buy.
The government aided in the creation of this wealth generating machine and now they want another transfer of wealth.
Poor, poor America.
Horrid Data: Housing, Jobs, Durable Goods [View article]
The 'bailout-as-trash-tabl... is getting stale.
While this is the end of American hegemony, on the 'day after', a farmer somewhere will have eggs to sell to someone with dollars. And so on.
Price discovery will reveal what things are worth, just like always. Maybe Manhattan will be a metaphorical smoking crater, so? They screwed up and it's time for reversion to mean.
FWIW, CNBC must exist for mouth breathing morons.
Thanks Mish for your insights.
The Hedge Fund of America, LP [View article]
So, will it be purchased for mark-to-market?
For book value?
For purchase price?
Wake up America. Paulsen gets $700,000,000,000 to spend without recourse.
It's just wrong.
Your entrepreneurial culture of bootstraps and gumption and is as strong as ever. The will is there, but there is no longer a way.
The light at the end of the tunnel is the train coming at you.
Sic transit gloria.
The Bailout to End All Bailouts [View article]
Too big to exist.