maelstrom

Former Fed Chairman Alan Greenspan and Paul Volcker say they're opposed to auditing the Fed, noting the measure would destroy the central bank's independence (.pdf). Fed chief Ben Bernanke told Congress in June that Sen. Ron Paul's provision "would effectively be a takeover of policy by the Congress and would be highly destructive to the stability of the financial system, the dollar and our national economic situation."

Congress is most influenced by power and money...oh I almost forgot, and doing the peoples work.. fuckers should be sent to Gitmo

Boeing (BA) finally finished fixing the problem that postponed the maiden flight of its long-delayed 787 Dreamliner, but in doing so discovered another issue with the plane's wings. Still, Boeing says it's "on track to fly by the end of the year."

Just in time for cancellations..

Tuesday Outlook: The Light Volume Rally Has Legs

Fry, your comments on the charts are a treat..LMAO

19 Chinese Stocks That Are Relatively Cheap

Mr. Hao, thank you for your work, it was well donr.

Analysts come out surprisingly mindful of The Independent's report of a plot to topple the dollar, despite emphatic denials from the central banks named. "The author (Robert Fisk) is a long-standing and well-known Middle East correspondent," Barcap says. "This is not The Sun, nor the NY Post," Dennis Gartman adds.

I gotta tell ya ..I love you guys that responded..better think tank than the fucking Gov. or Wall st. seem to possess

Analysts come out surprisingly mindful of The Independent's report of a plot to topple the dollar, despite emphatic denials from the central banks named. "The author (Robert Fisk) is a long-standing and well-known Middle East correspondent," Barcap says. "This is not The Sun, nor the NY Post," Dennis Gartman adds.

Unless they have converted enough US dollars to Gold, Platinum and other hard commodities to more than cover their paper loses in T bills with increasing value in metals.They could sell paper they hold and buy commercial Re..etc

Report from Europe: Does a Down Week Beckon for the Dow?

Dear Mole, good stuff as usual

Cramer's Lightning Round - Should Have Stayed in Inverness Medical (9/25/09)

Maket should bang down 10pt on S&P(give or take) then ramp up and give a few more weeks up..If it bangs below next support then a drop back to early june week of doji s is a possibility. i think this is a stronger market than it should be..but if thats the hand dealt ..play on..Between the banks ,GS and Gov t intervention..(PPT) this fuckers gonna rock upward for 2 reasons ( my take on it ) banks need money to repay TARP and the stage has to be set to promote spending over the holidays.. they can keep it creeping up a few sectors at a time, while allowing other to pullback and correct, then rotate..IMHO

Home ownership may be the American dream, but it's become an impossibly expensive one for taxpayers, with $80B lost on mortgage interest in 2009, Fannie and Freddie eating up another $100B, and the $860B the Fed's used so far to bring interest rates down. Rather than increasing subsidies for new buyers, Washington needs to find a way out of this mess.

Fuck all polititians.. they need term limits of 2 terms and open forum debates along with a no wiggle room spending limit on campains ..hey Bloomberg that means no more buying elections you phony f-ck..NY city has been rolling backward since your napoleon complex ass got in

Sources say the Fed has rejected a request by Tim Geithner for a public review of its structure and governance. Fed officials say the review - which would have examined the Fed's ability to accomplish its existing and proposed functions, and the role of regional Fed banks - could have threatened its independence.

@ Tony P..sallient point many will miss., Fiat Rule will become part and parcel with fiat money if we are not vigilante

Why Natural Gas ETFs Should See Big Gains This Week

Forget the facts ..buy the tout

U.S. Stocks at 11 Month High

The Obama administration is great at blowing a number of things., money, opportunities to cut waste and promises..Barney and Nancy of course have their own tastes

Report from Europe for Friday, Sept. 4

Can t judge abook by its cover..Muddy Waters/Willie Dixon... The market is being pumped and is on life support ..a correction has to come, but they can keep this dumb ass narrow box trading range going for a long time..One big Hedge starts to unwind positions and poof.. the shreder, then another run up.. and another wave down..it's kick the can down the road till as mentioned before , a trigger, what ever it is sets a huge drop..could be a riot in central LA..it s due ..My good Mole you are spot on.

Auto Sales and Manufacturing: Unsustainable Pace of Recovery

Gatersaw..you nailed it ..our government is the most inefficient ,wasteful and corrupt (and may I add idiotic)bunch in the free world..concerned with re election only ..no oversight on them and guess who will be exempt from their National health care package..yep, Congress...

Thursday Outlook: Commodities, Global Markets

David you are all over the technicals....love your posts