ain't no fortunate son

Stability Primer: Keep An Eye On the TED Spread

Thanks... my two indicators I'm watching are the TED and the .VIX/.VXN volatility numbers... glad to know I'm watching the right stuff.

Corporate Fraud + Government Intervention = Bailout Nation

The manipulation, meddling and intervention in our capital markets by FED. SEC and Treasury, all performed to bail out their pals, will possibly calm the sheep in the short term, but ultimately it will just cover a festering wound that will cripple this country and very possibly the world economies.

The hundreds of billions of dollars of discount window borrowings rewarded to the investment bankers since the Jan/March meltdowns has not gone to ease the liquidity crisis, it has simply gone to creating the biggest day traders on the street... what the IB's don't trade, they lend to the hedge funds they spawned over the past 10 years to trade, and now we see huge volatility that is nothing more than the IB's and hedges jacking futures and stocks in either direction in a concerted effort to make trading profits.

Mortgage rates are higher now than they were a year ago despite the Fed's rate cuts, commercial bank borrowings at the discount window are rising rapidly, and still the culprits dance!

Tick tick tick...