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  • Wall Street Breakfast: Must-Know News [View article]
    "EDF/Constellation deal at risk" - the French backstabbing us yet again. They probably don't like the competition either, since we are going the government ownership route.

    I'm amazed at the lack of analysis behind the 3.5% GDP figure. See Karl Deniger's take on it here on SA; a lot the pop from CFC and FED stimulus. Trillions in yet to be earned or collected tax revenue market steroids is not real recovery.

    "Junk bond rally becomes self-fulfilling...The growing cash flow enables shaky companies to head off default - adding more fuel to the rally." - OOOOPS! Bubble part deux. I'll bet they're investing in life insurance default swaps and FED backed banks; if there is another crash any losses will be made up with taxpayer money at 0% - again.

    "Private Sector Must Lead the Way - Geithner" - yeah...right. Just like the enabler telling the addict "This is the last time, you have to do it on your own next time. I won't do this again...now here...take this $5,000 and go do the right thing." uh-huh. What a circus that was to watch Barney Frank's soliloquoy about how Congress has always been doing the right thing and that they will protect the taxpayer. Then Geithner, the tax cheat, saying the FED needed more authority to protect the taxpayer. It was only missing an organ grinder, some peanuts, and clowns (wait, I think the clowns were there).
    Oct 30 11:46 am |Rating: +3 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The propping up can only last as long as the majority of us peasants are working and have food.

    Peasants in the streets without work and food = trouble for the aristocracy and the oligarchy.


    On Aug 06 09:43 AM futurestrader wrote:

    > man o man...at least 1 article a day on how a bank has failed or
    > is losing hundreds of billions, and the market just shrugs it off..they
    > rally on some bs earnings report where some company laid off 30%
    > of its workers to squeak by consensus. Not that i think the market
    > should be predictable, but come on, this is beginning to be obsurd..Well
    > it has been obsurd for a couple of months now. oh well, I will leave
    > with my 2 cents...If you are long this market, you better be really,
    > really, really careful, because 80% of this is smoke and mirrors,
    > and sooner or later the truth will prevail.When that day comes, you
    > better hold on to you hat, because it will be a long ride down...or
    > maybe not, maybe the ones pulling the strings will continue to prop
    > up this market forever with a bunch of bs
    Aug 06 10:31 am |Rating: +3 -1 |Link to Comment
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