Toney

The Sound and the Fury of Bond Market Vigilantes

The piece would have more credibility for me if the author knew the difference between Hamlet and Macbeth.

Deleveraging Pushes the Dollar Up

How long will it take to deleverage the international shadow banking system (read: casino) the old fashioned way?

Royal Bank of Scotland was effectively nationalized this morning, a growing trend: Black Rock, HBOS, etc.

"When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done." - Keynes

The Worst Is Likely Behind Us

You may not have heard about a global recession and erratic currency markets, U.S. housing prices that are still 15% overvalued by conservative estimates, massive deleveraging in the financial and corporate sectors at home and abroad not to mention American consumers are cutting back and confidence is at an all time low.

We're in a deflationary spiral. How can you possibly think the worst is over?

Now's the Time to Buy Bank Stocks

Bottom? We are nowhere near it, I fear.