Balderdash

Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom

we will not nominally touch March lows. March lows priced in a collapse of the American financial system. the government has drawn a line in the sand. they will destroy the currency before they let the too big to fail crowd go down.

they've changed the game. they've turned an imminent implosion into an imminent explosion.


On Aug 29 02:11 AM Michael Clark wrote:

> This is not a surprise -- but I appreciated reading it. We are near
> a top and we will test March lows. Denial is not a fundamental strength.
> And companies with declining earnings are not necessarily a good
> value. I'd rather own a company with a high PE and rising earnings
> than a company with a low PE and declining earnings. In the case
> of this market, we have mostly companies with a high PE and declining
> earnings. That's a very dangerous market condition.

Foreign Bondholders Drove the Fannie/Freddie Bailout

Good article.

Before our national debt was backed by empty promises of payment; 1/3 of now is backed by real estate and the other 2/3 by empty promises. Does this mean that foreigners could slowly eat away at our ownership of our country? Might we sell them foreclosed properties through this unprecedented nationalization to make good on the debt they bought?

Probably not.. it will probably just lead to a downgrade of our debt followed by massive inflation. But the prospect that we're losing our sovereignty to foreign banks is scary.. I'd rather not have other countries having significant claims on our lands. We're being crushed by our debt and praying the repo man doesn't show up.