farmer448

Friday Market Recap

Gee could it be Friday was also triple witching....

Deflation Is Just Around the Corner

Deflation is everywhere. Stocks, home prices, Commodities, Confidence in out government.

Wall Street Breakfast: Must-Know News

Citigroup and Wachovia the two ethical banks. So Wachovia made an agreement with Wells Fargo. No Problem, Managements in banks do not have to keep their word. Another reason to doubt the credibility of Wall Street and to realize, Agreements between Mnagements are just so much toilet paper.

No Wonder the $700 Billion Bailout 'Deal' Failed

For you older folk I liken Paulson to Bullwinkle the Moose. Bullwinkle would be on stage as a Magician and say "Watch me pull a rabbit out of the Hat". And Bang out would pop a lions head.

This whole charade is nothing but misdirection with the results being unpredictable, and probably just as bad if not worse then the course we are on now.

If the credit markets are seizing, which credit markets. Short term financing (30-90 days)? Intermediate term (3-6 years), or long term?

If you don't have the data as to what is wrong, then how in the world are you to craft an appropriate solution? Washington has a huge "Credibility Gap" with the public and they are not helping matters here. The perception (right or wrong) is throw money at Wall Street.

In my experience, throwing money at a problem very rarely solves the problem.

Bracing for Another Round of Credit Related Woes

You want to look at a similar time, look at the runup to th 72 elections where the fed pumped the economy. Commodities were inflationary and stagflation was born as a term. I believe while studying the oracles bones that this will not be a short recession.

Weekly Street Sentiment: The Fed Never Got Gramm’s Memo

So according to Aggie Phil Gramm the matrix is real and we are all in suspended animation.. Whoopee

PPI: the Numbers behind the Numbers

Please wake up. Core versus full PPI is meaningless. Fuel has been volatile in only one direction, up.

Bankruptcy Reform Act Finally Blows Sky High

THe banks forgot two impotant principles:
1. TINSTAFEL, first law of economics, there ain't no such thing as a free lunch.

2. What goes around comes around. Trust is a very strong commodity. So when you make your customer part of a hugh sting on the bond market, don't be surprised when your customer acts like you and declares bankruptcy.

Hardball in Vallejo, California

So it is time for Cities and states to take a play from the Continental Airlines playbook. Abrogate your labor contracts in Bankruptcy court.

Now if only the citizen could have the same options but the Banks Own congress and limited access to bankruptcy. Maybe Corporations and Cities should also go to credit counseling before declaring bankruptcy like citizens.