richcash8

Did the ECB Save COMEX from Gold Default?

Folks, a lot of speculative theory talk while gold goes down...

Barton Biggs and Bob Brinker Are Both Bullish

Reality check one quarter later:
FXI 50 to 30 -40%
SPY 140 to 115 -18%
Some bottom.
Booyah!

Is Hemispherx BioPharma Undervalued?

www.asensio.com/Report...

The Pelosi Factor - Cramer's Mad Money (8/25/08)

This just in:

CNBC reports the Schumer IndyMac closing cost FDIC not $8 B as previously reported, but $32 B, leaving FDIC reserves below legal mandates. A CNBC commentator claims FDIC funds are less than 1% of Federally Guaranteed deposits, that FDIC will raise premium assessments on surviving banks. What insurance company would insure highly leveraged financial institutions today? Berkshire Hathaway and Korea apparently passed on Lehman, and Merrill investments trashed Singapore's Retirement Funds. In 1933 FDR, a one-time banker, and leading bankers opposed FDIC for fear of moral hazard.

plus ça change, plus c'est la même chose!

The Pelosi Factor - Cramer's Mad Money (8/25/08)

Let's get real here folks.

Cramer an amnesiac manic depressive misanthropic hyper psychopathic promoter whose hidden complete track record trails passive index fund performance. JC erroneously called bottoms since at least January of this year. JC calls himself the best trader on Wall Street. Wonder what Buffett, Heebner, Rogers, Soros, the late Templeton and others would say?

Re Pelosi and CLNE, let us not forget Feinstein and PCR, Rumsfeld and GILD, Cheney and HAL, Bush and oil, Chuck Schumer causing a run on IndyMac with his hedge fund buddies short IMB, and Harry Reid with his tribal gaming money and land deals benefited by legislation.

The Pickens Plan includes further picking the taxpayer pocket to leverage his windpower and natural gas deals. Meanwhile his investments, along with CHK, are heading south.

Am I the only one who finds something curious about FNM and FRE GSE equities going higher while their balance sheets head south? How many times can Merrill come to the trough? Are $560 T in derivative leveraged institutions too big to fail, or too big to rescue?

Most bankruptcy bailouts wipe out common shareholders.

Is it possible the 6 Trillion dollar scale of just the FNM and FRE GSEs is beyond taxpayer revenues and the $10 T Treasury market to rescue?

How many CDOs and other falling assets can the private Federal Reserve put on its balance sheet before insolvency or hyperinflation?

FDIC went from $50 B available for $6 T deposits to $42 B after the IndyMac closing. FSLIC and RTC cost taxpayers $150 B, with the choicest properties going to cronies.

And what about all the other unfunded liabilities with social security, the Iraq War and other GSEs? Can we paper them over too, or will we raise taxes to 89% and default on government IOUs?

Interesting times indeed.

Maybe it's time we return to the Constitutional definition of money or write in Ron Paul for President.

Lehman, JP Morgan Weigh in on Newly-Formed Sirius XM Radio

MGN: SIRI going through a CUSIP and name change that will be effective tomorrow.

Rally Strategy - Cramer's Mad Money (8/5/08)

Booyah.
Jim Cramer more bipolar promoter than profitable hedge fund manager.
Still waiting for his 14,548 Dow target?
His fear of making too much money by selling every rally and raising cash unlikely.
This is not the first headfake bull market he has called after the last 12 bottoms erroneously called in banks, economy, financials, gas, gold, GOOG, housing, retails, techs, wildcatters, wind and the market for the last two years.
JC does not report his entire track record, while claiming to on the CNBC website.
Anyone who has watched his show knows he is right less than half the time.
That could still make money if he did not give sucker advice to cut profits on rallies.
According to others who have compiled his long term track record, he has less than market performance.
Better off dollar cost averaging SPY like Warren Buffett's bet against the hedge fund managers.
Unless you like to watch people make fools of themselves on TV.

Will Automakers Switch to Natural Gas?

Brian Pursley: Putin less crazy than evil, for jailing or killing those who dare report or run against him and confiscating private assets for his Gazprom friend made President of Russia under him. Your Rotterdam professor crazy wrong for predicting oil prices $16.85 to $19.50 until the 2010s and then $19 to $24, saying oil supplies are good until 2100. $149 aint $24. The debt-inflated dollar did not depreciate that much!

Are Money Markets Ahead of the Bell?

"After all, it is unlikely central banks in North America and Europe will let inflation get out of hand."

Lessee, food has doubled, gold has tripled, and oil has sextupled. You were kidding, right?!