Jim Glazen

Fed Cuts Key Rate

Stupid sheeple buying the first rate cut. Market always follows interest rates down. The Fed is lowering for a reason. It's because the economy is imploding.

Enjoy!

Big Ben Panics and Gold Responds

Gold responds? Gold was flat last week even though the global central bankers added over $300 billion to reserves.

A more appropriate headline would be "Central Bankers Panic and Gold Does Nothing".

Ben Bernanke’s Initiation: Flashback to 1987

It's a common misconception that the dollar will weaken vs. other currencies if we go into a recession.

Looking back at history, currency values fluctuate mainly on relative growth rates in their respective money supplies.

A recession would indicate credit growth has faltered and money supply growth rates have reduced or even gone negative. I would expect the dollar to strengthen under this scenario just like it did during the last recession in 2000-2002.

Ben Bernanke’s Initiation: Flashback to 1987

Fannie and Freddie were up huge today..... [Edited by SA]

Is This the Start of a Bear Market?

subprime mess is a symptom, not the disease. consumers went hog wild on a debt induced spending spree combined with massive speculation in all assets. now the party is ending. time to go to bed and deal with the hangover. history will show that lowering rates to 1% to trigger a 4+ year spending/speculation frenzy while at the same time gutting the productive capacity to generate income is one of the all-time biggest economic blunders.

equity valuation in the tens of trillions can evaporate quickly once risk aversion sets in, especially as revenues and earnings dry up due to the inability to carry on with the debt financed spending binge.

I hope the bulls buy every dip on the way down expecting a bounce that never comes.

enjoy!

Is the Dow's Two-Day Loss a Correction, or a Calamity?

it's much better to avoid creating an unsustainable artificial boom that inevitably turns to bust. it's now too late. the aftermath of the fraudulent borrow on your house and go on a spending spree economy is now over. time to pay the consequences. that means a nasty horrible recession that only got delayed in 2001/2002, not avoided. history will show that trying to artificially extend a boom with debt induced consumptive spending is about the dumbest thing a central bank can do.

we can all thank greenspin and helicopter ben for the aftermath. the bills are coming due and it's time to pay Piper.

enjoy!

Is This the Start of a Bear Market?

the 1929 crash was blamed on the short sellers as well. the cause of the bust is the unsustainable boom. borrowing on the house and going on spending sprees is not sustainable.

what is so incredible to me is that most people can't grasp that simple fact.

Is This the Start of a Bear Market?

right....just stay fully invested in stocks for the long term and go to bed. better yet, give your money to Ken Fisher so he can buy another place in the Hamptons.

who cares about the housing bubble imploding, the credit bubble imploding, the $900 billion annual trade deficit, the negative savings rate or record high debt levels.

just buy more stocks every day and never sell.

lmfao!!!