Archive for the 'Economy' Category
Government to Examine Swings in Crop Futures
March 25th, 2008It is absolute madness that commodities are bought and sold using leveraged vehicles in markets that allow participation by speculators; individuals and organizations who have no interest or connection to the underlying physical commodity. … Participants who are trying to use the futures market in a legitimate manner, to secure supplies of goods, or to […]
Back in DBA
March 24th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Catching a falling knife. This is a risky one. Stop $36.
Fed May Buy Mortgages Next, Treasury Investors Bet
March 24th, 2008The Fed will buy trillions of dollars worth of mortgages? WTF?! Will the Fed buy the Pay-Day-Loans from all the baby daddies in the ghettos as well? What will happen to the dollar after this nonsense? Via: Bloomberg: Forget lower interest rates. For the Federal Reserve to keep the financial markets from imploding it needs […]
“Pay Day” Loans Exacerbate Housing Crisis
March 24th, 2008Winding down… Via: Reuters: As hundreds of thousands of American home owners fall behind on their mortgage payments, more people are turning to short-term loans with sky-high interest rates just to get by. While hard figures are hard to come by, evidence from nonprofit credit and mortgage counselors suggests that the number of people using […]
Banks Remain Wary of Home Loans; Lending Standards as Strict as They Were 20 Years Ago
March 24th, 2008By definition, Ponzi schemes collapse when the supply of “greater fools” diminishes to the point where existing participants no longer receive payments. (See: Pyramids Crumbling.) Where does that leave this economic system? The banking elite aren’t just going to give up, so what’s next? I can’t see beyond the popping of the twin derivative and […]
“The Bear situation changed everything: people saw death before their eyes.”
March 22nd, 2008Via: Financial Times: The Federal Reserve and Treasury are playing a dominant day-to-day role in overseeing Wall Street following this week’s rescue of Bear Stearns, raising the prospect that the central bank might be given more permanent authority over securities firms. Bankers say the greater authority is a direct consequence of the Fed’s extraordinary decisions […]
Central Banks Float Rescue Ideas: Hold on to Your Wallet
March 22nd, 2008IMF Special Drawing Rights for toxic waste mortgage backed securities? What’s described below isn’t going to happen tomorrow, but the banking elite are clearly thinking about how They can force all of us to eat this slop. In Russia, I hear there’s a saying that describes the situation with the mob at all levels of […]
Quick Note on Thursday’s Trades
March 21st, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I took profit on my FXF (Swiss Franc ETF) trade, not so much because I believe that the current dollar rally is real, but because I want to have some dry powder on hand in case I decide to get back […]
Are Dealers Running Low on Silver?
March 21st, 2008Maybe people who are into holding physical silver can provide some reports on availability with their dealers… Via: Silver Seek: Since my email earlier tonight, where I reported that 5-6 major silver dealers (Amark, Tulving, 2 in Vancouver, my local dealer, NWT Mint) are “out of inventory”, 13 more reports came in, saying that the […]
CBOT Resembles Carnival Act as Billion Dollar Black Box Operators Move In
March 21st, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. This may upset my libertarian and my commodity trader friends, at first, but I hope they hear me out. Although I’m 3/4 libertarian myself and a trader, leveraged speculation on commodities shouldn’t be allowed. Speculate on things like indexes, stocks, bonds […]
