elwind45

Five Charts to Rule Them All: A Telling Week for Bonds

Control of AIG, fannie and freddie provides the income to continue this madness. It is as if the Fed has both the tap and the drain working full time. Draining money from these three private(?) income producers allows Timmy and Lassie to keep a straight face whilst debasing the dollar. It would be a better question to ask "whats the music" than, do we have enough chairs? Suspending "mark to market" means "nobody will hit the floor when the tune stops" or did anybody ever trust the Central bank in the first place? This situation reminds me of the third frame in a wild wild west episode!

The Roof Is Caving In On the Housing Market

I find it interesting that the wall street types are pinning hopes on the de part and not the in part of flation. Inflation would kill the beloved stock market. Deflation would kill economy but lead to lower interest rates. the turning of the greed wheel is very much alive and hell.