Econpro

THE PLAN

James a couple of weeks ago BAC, AIG, C, FRE, and FNM accounted for almost 40% of the entire volume, so I am in complete agreement with you on this one....Mom and Pop will get slaughtered soon and all the banks will be on the other side of the trade...then come late next Summer, the banking boys will turn it around again in time for mid-term elections. The real risk for "investors" these days has nothing to do with fundamentals of a company, the risk is, unfortunately, when are the boys going to jump over to the short side and let her fall?

Credit Policies Still Threaten Recovery

It certainly will end badly...its too bad that people are not listening, or they just don' t want to believe it will happen....but it will.

"Payment option ARMs are about to explode." - Iowa Attorney General Tom Miller, at the White House meeting on mortgages. Compared with other ARM loans, the option to make minimum payments can mean reset shocks up to five to 10 times the payment the borrower got accustomed to, portending a big new wave of foreclosures. (previously)

Explode they will and many foreclosures yet to come....then Commercial realestate to follow....hmmm....SRS at around $9.00 sound about right to anybody?

Are Home Buyers Worried About Missing the Market Bottom?

Please...the only people that are buying right now are the ignorant few who don' t take the time to really see what they are getting or the one' s who truly want to live in their new houses for the rest of their lives. The latter are the only one' s who "may be" getting a good deal...the rest are just suckers.

Soleil's Jake Fuller and S&P's Mark Basham spar over whether to buy or sell the hotel recovery - specifically Starwood Hotels & Resorts Worldwide (HOT), whose shares have nearly tripled since March.

Let me do those guys a favor....sell the recovery...because there is no recovery.

Did Bernanke Save the World?

The only thing Bernanke saved was all the super rich bankster collective asses...Nothing has been fixed and thanks to BB we are not effectively bankrupt as a country....Thanks for saving the world Ben....You' re the man!

No, This Is Not a Recovery

Karl,

Even if it does "blow up in there face" (which I agree will happen) does it even matter? These banksters have achieved regulatory capture and it seems have impunity to risk given the tax payer will always be "willing" to fit the bill and bail these "too big to fail" institutions out. I guess what I am really looking for here is...What event is going to force a change and not just be another pass it on to the taxpayer and pump the market type of event?

Treasury Secretary Tim Geithner today: "We have been forced to do just extraordinary things and, frankly, offensive things to help save the economy ... I am completely confident that none of those decisions ... had anything to do with the specific interest of any individual firm, much less Goldman Sachs (GS)."

Good God! How in the hell can he sit there and spout that $hit? unreal...

Why Do Equity Markets Disagree with the Data?

Bingo...pure manipulation....if you haven' t discovered zerohedge.com...time to head that way and all your questions on how this market can keep going up despite all you have mentioned will be answered....BTW tell your friends about ZH too....best site on the web

Sector ETF weakness: Oil– USO -4.6%. Gasoline– UGA -4.6%. Heating Oil– UHN -4.3%. Homebuilders– XHB -3.5%. Oil Services– OIH -3.3%. Commodities– GSG -3.3%. Coal– KOL -3.1%. Sector ETF strength: Commercial Banks– KBE +0.3%.

KBE!!!!...you have got to be kidding me....way to concentrate the WOPR and HAL 9000 on your own stocks....WTF!

FRUGALITY WILL LAST DECADES YOU MORONS

I love it!...Keep it up!

MORE GOVERNMENT LIES

Official Gov't response:

No, no, no...James...we printed up 384 Billion in cash before we released that new number...so there was no lying or manipulation with that 1.26T deficit number at all.

OUTRAGE OF THE DAY

James,

Post whatever you feel is interesting or outrageous...I find it interesting... financial or whatever and you' re right if people don' t want to read your instablog then they can stop following you...simple. That said, being a member of the military (Navy), I wouldn' t put too much into your situation, it is annoying and absolutely misrepresented under the "No child left behind" Law, but I am almost certain it is just another way to try and recruit people who cannot afford to go to college without gov. assistance. Not that I am agreeing with the process....but FYI.

July Retail Sales: The Economic Storm Is Not Over

Fantastic Karl...really, really great work! Thank-you for all you do.

UNEMPLOYMENT RATE IS A FRAUD

James....Thanks for telling it how it really is...if it weren' t for guys like you, Schiff, TD from ZH, and Denninger, I think I would literally go crazy....this manipulation on almost every aspect of economic data is rediculous and I feel very bad for Mom/Pop that blindly follow the CNBC herd to slaughter. Thanks again for your contributions and please, by all means, continue.