I think Bill Clinton was the perfect reflection of Nixon.
I think Obama is afraid of being assassinated by Big Money if he moves too fast to try to lessen the gap between the rich and the poor in America. I think he needs to lessen this gap. He can do this two ways: higher taxes; adopting new tax codes to punish American companies for hiding profits/taxes offshore. We also need to cut spending and attack our debts. The best way to cut debt is to raise interest rates, and to make money expensive.
This will be very painful short-term; but it will give America back to its citizens again in the long-term. We need to take the banks out of any future equation. We need to look at the public utilities as a model for banks in America. Money is public energy. It cannot be controlled for the welfare of the few. Banks are an anachronism. Banks need to provide a service for the citizenry, but they cannot be allowed to threaten our democracy. I do not think Obama is this far along in his understanding.
Obama's biggest mistake was to keep Bernanke. Now he is saddled with a reactionary who does not understand that deflation is a season in the economy -- a reaction who is making policy for the banking class, and the prosperity of the banking class alone.
The Fed needs to be audited; and then closed down. Any members of the Fed who broke the laws or broke the charter of the Fed need to be held accountable. How much American taxpayer money was shipped to foreign bankers to preserve their domininon? We need to find this out.
Your Earnings Season Preview: Facebook [View article]
I agree with you. I have July 27 puts and I like the way they look at the moment. Of course, I know big money manipulates stocks. The option game can break your heart because of this.
Can Higher Mortgage Rates Stall The Housing Recovery? [View article]
The housing mini-boom is a scam invented by Bernanke and the Big Banks and the weak White House leadership in order to prevent another meldown in housing prices and send the banks into the second stage of their insolvency.
Public relations. Lure more buyers into the market and trap them in overpriced housing as the last chance to avoid the deflation cataclysm.
Moving on from Libor, the CFTC is reportedly having an informal look at whether the London fix for gold and silver is open to manipulation. Gold prices are set twice daily by five banks via teleconference (silver by 3), with the fixings then used worldwide as benchmarks for any number of transactions. The banks involved: BCS, DB, HBC, BNS, SCGLY.PK. [View news story]
Soaring margin debt (and plunging cash balances) trigger a sell signal at BAML, which says the last time this big a move happend was April 2010 - just ahead of a 2-month, 16% decline in SPY. Alongside this is short-term sentiment which has risen to levels consistent with selloffs in the past. [View news story]
Did Gold And Silver Junior Mining Stocks Just Bottom? [View article]
I'm watching carefully for just such a turnaround. I'm not ready to say yes, gold stocks have bottomed. But I would say they are trying to bottom. I need to have my own indicators turn positive. They have not yet. An early-warning-sign momentum indicator I use is running higher and suggesting we might be ready for a flip back up.
Hard to see a gold bottom and rally unless we have renewed weakness in the US Dollar -- which I don't see at the moment.
Jefferies' Peter Misek cuts his price target on Hold-rated Apple (AAPL) to $420 from $500. He's slashing his revenue numbers and seeing about a 25% chance the company misses Q1 guidance after Jefferies' recent supplier checks. "Historically when handset makers fall out of favor, they fall faster/further than expected." Shares -0.7% premarket. [View news story]
These guys have always been blowing hot air. We go along with it when times are good. Now, it just feels like more of the con game that Wall Street is.
Another decline in the pound (FXB) has it down to $1.4883, the lowest level in nearly 3 years. While most are focused the yen, the devaluation of cable is an even more impressive sight. What has changed is the appointment of Canada's Mark Carney as governor (he starts in July). Carney is no more dovish than current chief Mervyn King, but he's perhaps more open to experimenting with new easing measures. [View news story]
Japan devalued in the 1930's. Great Britain followed. A little later we were all at war.
Is The February Unemployment Report A Sign Of Good Things To Come? [View instapost]
Excellent article, as always. I remember my anger in the 1960's and 70's at the lying of our government during the Indo-China war (Vietnam, Cambodia, Laos) and the 'light at the end of the tunnel' pleas of our leaders. Today they are lying in the same way, manipulating statistics...trying to keep their jobs.
Throw the bums out; start over with a new class of leadership. Selfish leaders always lead a nation into chaos.
Protected Principal Retirement Strategy: Playing Defense - Man To Man Or A Zone [View article]
AKA: Market direction? ZIRP encourges corporations to buy back their own stock. Stock buybacks now over $1trillion since 2009. All other market participants are net sellers.
Ben B. has given Wall Street free money to buy their own shares back and see that the market rally continues....
I agree with the premise that a bond market failure will lead to a huge Ben Bernanke failure and the deflation he has been pretrending he can ignore or avoid. Deflations push down prices of assets. That's why they are built into the system we have been given by nature. Of course, the owners of all those assets don't want prices coming down.
JS: Don't forget how zirp has supported corporate stock buy backs (over $1 trillion since 2009). Why are stocks rising? Companies are buying back their shares after getting free money from the Fed to do this.
Huge disconnect between the economy and the markets BECAUSE OF interest rate manipulation. What does the economy NEED? Lower prices, destroyed debt. What does the market NEED? More free money from the Fed. The Fed is stealing money from taxpayers for a continuation of the Robber Baron II Ponzi Scheme that enriches corporations in the name of 'saving the economy'.
What is coming to Italy will also come to America. But Americans all have guns, right?
ARE CHINESE STOCKS CRASHING? WHAT DOES THIS TELL US ABOUT WHERE WE ARE HEADING? [View instapost]
China has a huge credit bubble to deal with.
Did Apple Bottom Friday? [View article]
I think Obama is afraid of being assassinated by Big Money if he moves too fast to try to lessen the gap between the rich and the poor in America. I think he needs to lessen this gap. He can do this two ways: higher taxes; adopting new tax codes to punish American companies for hiding profits/taxes offshore. We also need to cut spending and attack our debts. The best way to cut debt is to raise interest rates, and to make money expensive.
This will be very painful short-term; but it will give America back to its citizens again in the long-term. We need to take the banks out of any future equation. We need to look at the public utilities as a model for banks in America. Money is public energy. It cannot be controlled for the welfare of the few. Banks are an anachronism. Banks need to provide a service for the citizenry, but they cannot be allowed to threaten our democracy. I do not think Obama is this far along in his understanding.
Obama's biggest mistake was to keep Bernanke. Now he is saddled with a reactionary who does not understand that deflation is a season in the economy -- a reaction who is making policy for the banking class, and the prosperity of the banking class alone.
The Fed needs to be audited; and then closed down. Any members of the Fed who broke the laws or broke the charter of the Fed need to be held accountable. How much American taxpayer money was shipped to foreign bankers to preserve their domininon? We need to find this out.
Your Earnings Season Preview: Facebook [View article]
Trailing PE is 1805.
Can Higher Mortgage Rates Stall The Housing Recovery? [View article]
Public relations. Lure more buyers into the market and trap them in overpriced housing as the last chance to avoid the deflation cataclysm.
Moving on from Libor, the CFTC is reportedly having an informal look at whether the London fix for gold and silver is open to manipulation. Gold prices are set twice daily by five banks via teleconference (silver by 3), with the fixings then used worldwide as benchmarks for any number of transactions. The banks involved: BCS, DB, HBC, BNS, SCGLY.PK. [View news story]
Soaring margin debt (and plunging cash balances) trigger a sell signal at BAML, which says the last time this big a move happend was April 2010 - just ahead of a 2-month, 16% decline in SPY. Alongside this is short-term sentiment which has risen to levels consistent with selloffs in the past. [View news story]
Did Gold And Silver Junior Mining Stocks Just Bottom? [View article]
Hard to see a gold bottom and rally unless we have renewed weakness in the US Dollar -- which I don't see at the moment.
Always good to read your articles.
Jefferies' Peter Misek cuts his price target on Hold-rated Apple (AAPL) to $420 from $500. He's slashing his revenue numbers and seeing about a 25% chance the company misses Q1 guidance after Jefferies' recent supplier checks. "Historically when handset makers fall out of favor, they fall faster/further than expected." Shares -0.7% premarket. [View news story]
Is The February Unemployment Report A Sign Of Good Things To Come? [View article]
Another decline in the pound (FXB) has it down to $1.4883, the lowest level in nearly 3 years. While most are focused the yen, the devaluation of cable is an even more impressive sight. What has changed is the appointment of Canada's Mark Carney as governor (he starts in July). Carney is no more dovish than current chief Mervyn King, but he's perhaps more open to experimenting with new easing measures. [View news story]
Is The February Unemployment Report A Sign Of Good Things To Come? [View instapost]
Throw the bums out; start over with a new class of leadership. Selfish leaders always lead a nation into chaos.
The Coming Crash In The Bond Market [View article]
The first chart tells the REAL picture. We are surrounded by a mountain of debt, a huge wave of debt, that is going to crash and swamp us.
The Coming Crash In The Bond Market [View article]
Look at the size of the debt-bubble itself and tell me that is not a bubble.
Protected Principal Retirement Strategy: Playing Defense - Man To Man Or A Zone [View article]
Ben B. has given Wall Street free money to buy their own shares back and see that the market rally continues....
I agree with the premise that a bond market failure will lead to a huge Ben Bernanke failure and the deflation he has been pretrending he can ignore or avoid. Deflations push down prices of assets. That's why they are built into the system we have been given by nature. Of course, the owners of all those assets don't want prices coming down.
Will Gray-Haired Bears Return? [View article]
Huge disconnect between the economy and the markets BECAUSE OF interest rate manipulation. What does the economy NEED? Lower prices, destroyed debt. What does the market NEED? More free money from the Fed. The Fed is stealing money from taxpayers for a continuation of the Robber Baron II Ponzi Scheme that enriches corporations in the name of 'saving the economy'.
What is coming to Italy will also come to America. But Americans all have guns, right?