long long artice filled with facts and graphs aplenty. The simple fact is this, in America people who are supposed to be the creme de la creme do outrageous things, they get obscenely rewarded and when it all blows up in their faces, they get bailed out by the government ,for the common good of course. That's what is happening right now in the great American plutocracy. Sooner or later this Sodom and Gomorrah financial system is going to be flushed downs the toilet where it belongs. The cartoon is about the only thing worth looking at. Imagine thinking that George W. Bush has the answer. If you believe that, you truly are doomed.
The Untold Story of U.S. Banks, and Other Market Observations [View article]
Since you won't tell us the whole untold story about U.S. banks. I am going to have to give it a crack. They have engaged in five years of outrageous and profligate lending practices, they have built a skyscraper out of playing cards and paid themselves an obscene amount of money for building this monstrosity and now, despite the best efforts of the decrepit and corrupt regulators and politcal bodies to hold this rotting edefice together, it is all coming down baby. Aggggggggg!!!!!!
Global Equity Markets: Cautious Optimisim and Nagging Pessimism [View article]
All that's kept this teetering sham on two legs is Mr Bernanke's constant and timely intervention. How many rabbits does he still have to pull out of his hat? Greenspan, bless his heart, said that the market will not find a bottom until housing has bottomed out and according to everything I read, that's a long way off.
Friday Outlook: Commodities, Global Markets [View article]
Archman you are dead right.
Can Central Bankers Prevent a Great Depression? [View article]
CDS Prices Trend Calls Another Downturn in Equities [View article]
Global Stock Markets: A Crazy Week [View article]
The cartoon is about the only thing worth looking at. Imagine thinking that George W. Bush has the answer. If you believe that, you truly are doomed.
Global Stock Markets: In the Grip of Fear? [View article]
The Untold Story of U.S. Banks, and Other Market Observations [View article]
Global Equity Markets: Cautious Optimisim and Nagging Pessimism [View article]
Greenspan, bless his heart, said that the market will not find a bottom until housing has bottomed out and according to everything I read, that's a long way off.