tunaman4u2

U.S. Q3 GDP: Not Quite as Good as Originally Predicted

Doesn't even phase the market's giddiness of government induced profit potentials from now on

October 2009 Existing Home Sales: Government-Sponsored Surge in Home Sales Continues

At the very least this money is going to people vs Wall St through the Fed...

I'd rather that any day over AIG payouts, exceptionally low rates for extended period of time

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

The bottom is in due to ridiculous money printing... saying that a bear market HAS to end with prices at below known value & ignoring what the Fed is doing seems a little incompetent.

The Fed is making the same mistake as 2001 though.... but the crash this time will be of a different sorts if they keep inequitably distributing wealth that does not make it to job creation & US trade balance.

25 Reasons We Will Not Have a Depression

For all 25 of those things... you'd have to ask yourself where would these indicators be without extreme Fed intervention.

Printed money explains all of them my friend...

The definition of a depression will be different but it will be a depression for the middle class as their wages become a disproportionately small percentage of GDP over time & their buying power diminished...

Its a depression, but not defined in GDP terms.

Amazon: A Kindle Under Every Tree?

The commercial for the Kindle is AWFUL...
I was watching it with someone & asked them after wards what the commercial was for... they had no idea... they said Amazon?

No clue what the Kindle was, what it does etc.

Is Monday the New Rally Day?

Theres no doubt in my mind we wake up Monday to S & P up at least 10 points.

Nice show by the market these last few days to severely limit losses.

Yields on three-month T-bills are back at 0.005% after spending part of Thursday and Friday in negative territory - considered extreme risk aversion, where institutional investors are paying the government just to safely hold their money - but John Jansen says compared with last fall, this time negative rates are just a technical phenomenon.

There is SO much money out there right now...

How can we simultaneously have extreme risk aversion & a 60% non-stop equity rally with $1150 gold

Crazy

Congress: Stepping Up to the Fed?

I love it... its awesome... the Fed is corrupt, more corrupt than the government itself.
Transparency is right for the american people... the Fed shouldn't be allowed to move much more money in a short time than elected officials.

The Fed is reportedly scrutinizing the biggest banks to ensure they have enough capital to withstand a sudden reversal in asset prices. Supervisors want to know what banks know about the strength of their counterparties, and whether risk managers have any say in bank policies.

If they are borrowing money at 0% they have all the money they want... whats the real question?

Is this a precursor to the fed taking away the punch bowl?
So if the Fed calls back their loans & they have to liquidate the stock market again can they handle it?

Asset bubble warning watch: Nouriel Roubini says "there is the beginning of a bubble" and that part of a 70% jump in crude prices this year is speculative, "money chasing commodities." And Hong Kong central bank chief Norman Chan says with abundant liquidity, they face the risk that assets will become more disconnected from fundamentals.

Dan you bring up a big point... its not printed money thats hitting the market as much as leverage. Yeah printed money is out there but releveraging, borrowing dollars at 0% to play the market is the most likely source of the rally.

I would love to see a real break down of printed money vs. borrowed money hitting the market to know for sure


On Nov 20 11:47 AM Daniel Harrison wrote:

> Here is the thing people keep forgetting: the market environment
> we are in today is MORE leveraged than it was during the days of
> CDOs, MBS etc. Banks are pumped full of government-aided debt, which
> amounts to leverage, and interest rates are zero, which amounts to
> even more leverage.
>
> That means that we can expect a lot more volatility -- both on the
> upside, but also on the downside. In 2009 there has been unprecedented
> growth in asset prices; on the flip side, whenever there is a slide,
> you can be sure it's going to be pretty steep.

Ron Paul's audit-the-Fed measure makes it out of committee with the power to look at the central bank's balance sheet as well as monetary policy. The panel chose Paul's proposal over a weaker one offered by Mel Watt; it joins the other proposals in the bank reform package now set for a Dec. 1 vote.

Love it... Ron Paul is my boy

Goldman Sachs' Latest Initiative: Business Plan or Charitable Donation?

What a joke they are... hate em... how about a whole quarters profit... 3 billion in charitable donations... after what the US did for them thats more than fair. 500 million isn't

A spike in lumber prices despite weak housing data likely means that in a weak-dollar era, it's all about investors trying to get any commodity they can get their hands on.

Its easier to get money than lumber...

While it's true the Fed didn't begin policy rate increases until 2.5-3 years after the end of each of the past two recessions, which would mean staying put until early 2012, Fed's Bullard says criticism the Fed kept rates too low too long earlier this decade will weigh heavily in its policy deliberations. Here's his presentation on the recovery, phase I (.pdf).

Whats amazing is that the problems were clearly rates too low too long in 2001 & now they want to repeat the same thing.

Chance of a Depression Now 5 Percent

Depression chance is 100%... its just covered up by printed money. Lets just be honest. It's just been postponed & will hit the middle class 1st & hard.

Printed money will raise the price of commodities beyond what the majority of people can afford... its a depression of a different sorts, not GDP defined.