Remember Larry Summers was one of the creators of this mess and has Obama's ear. He should be going to jail with Bernake, Paulson, Gietner what they have done is criminal and should be punished with jail time. The American people understand that Goldman Sachs is now controling the stock markets and the US Government and we don't like it.
Excellent post as always. Holding Canadian dollars invested in the Canadian stock market in some of the Trusts you suggested. I also hold FXA and some put options on UUP. Keep up your excellent posting you are one of the best I have seen.
Investment Advice for the Rule of Awe [View article]
We have no rule of law, the SEC is letting GS and others have a free rein over the stock markets. There is no sheriff in this town. The hype and deception will eventually come out and it is a shame for someone who talks transparency but helps the bankers richer on their mistakes. The big banks are insolvent and should have been allowed to fail. The forward looking requirement for banks and financial institutions is somewhere around 50% of what it was in 2007. The banks must fail for us to get out of this quagmire.
Is This U.S. Dollar Move the Real Thing? [View article]
QE is not good for either the government or the common man. It is heading use to the point where Volcker had to tame double digit inflation. Was that a good time?
Using Bernake as a profit of what is to come is a complete failure to monitor history. He has been 100% wrong since the start of this disaster, why should anyone believe him now?
The Chinese and Japanese are going to support a new Asian Monetary Fund (AMF). That way they will have more control over the financials in their area. This will help other Asian Counties also which have been burned by the (IMF). Folks it is going to be payback time. Why should Japan and China throw their money down a deep dark hold called the US debt without getting a 10 or 12 % yield. The American people will learn to save and not spend what they don't have like the Asian people or we will be very sorry.
You picked GS and how do you know what their debts are since we have mark to fantasy. How many CDS's do they have? Buy any financial stock at your own risk. I would not consider Interactive Brokers a financial stock. The worst is not over!
What the Leading Indicators Tell Us About This Rally [View article]
Agree with your caution, if this market reverses and hits new lows think of all the retail investors who will lose their shirts as well as their retirements. This is still a trading market and not a buy and hope and don't drink the cool aid.
You are very naive. We are in a worldwide depression. China is calling for a new world reserve currency. There are trillions of Credit Default Swaps (CDS) on the books of the banks. Those are considered Tier III this is only for Tier I assets. The Mortgage Backed Securities are not the root of the problem it is the CDS worldwide. Stocks will continue to be worth less 90 days after you buy them. When we crawl out of this depression it won't be the rapid gain we have seen recently. This is a typical bear market rally.
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Dave
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Good luck and good trading
Dave
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Good luck and good trading
Thanks
Dave
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God bless us we need it.
Dave
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We should learn that no fiat currency which does not have rat least 10% to 100% GOLD will continue to keep people poor. When will we learn?
Dave
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Dave
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MSGTB
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Nice article
Dave
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MSGTB
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Dave
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Good luck and good trading
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The banks are holding Trilions of dollars of Tier III assets in Credit Default Swaps (CDS).
How many times do you want to screw the unsuspecting investors.
You are off my watch list. Think of the pain that you might cause if you are wrong and you are.
Bye