Even the Fed/Bank Apologist CNBS Couldn’t not Continue to Ignore Occupy Wall St Movement
Very interesting piece (wow, on CNBS? Surprise)
Didn’t they tell us that US banks didn’t need any tax payer help after all? Guess what, after swindling the tax payer relief and pretending that tax payers were paid back, the gamblers are at it at again. While the world is focused on European sovereign debt, European banks and Bank of America, a new [...]
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So far, this week (especially yesterday) we have seen some of the craziest movements in stock prices around the world. To me this is indicating a lot of trouble ahead.
FT Alphaville: All is not well in the kingdom of Stanley
All is not well in the kingdom of Stanley. The CDS spreads have blown out and [...]
Shocking Interview: Governments Don’t Rule the World, Goldman Sachs Does
September 26, 2011 2 Comments
UPDATE: I just discovered that he has a blog: Leading Trader
I believe that in the ensuing weeks and months, this short interview on BBC will be much talked about. In a very candid manner and in simple language, trader Alessio Rastani tells the shocked BBC hosts what is going to happen in financial markets, what [...]
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[This post is for mature readers only.]
Some 12 years ago when tech stock bubble was in full swing, Luc, a regular poster on the Silicon Investor boards used to end his comments/posts with a tag line, “All Clowns Must be destroyed.” I used to get appalled at the meteoric rise of stocks some of which [...]
I haven’t had much chance to post something about the market action last week. To say the least, even in the face of extremely bearish news, at the outset it looks bizarre to see markets gain for each of the five trading days last week. Two things that explain this: a) triple witching options expiry; [...]
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Stock markets around the world have new fuel for rally: rumors. There is a rumor every minute.
Yesterday: “China to buy Italian bonds.” Not true. But, market rallied for over 100 DOW points in 5 min.
Today: “French President and Greek PM are to “talk.” But markets bolted higher.
Late today: Brazil to the rescue of European debt [...]
1:45 PM Update:
News Break: Some ugliness in credit markets. 3 mo LIBOR (London Interbank Offer Rate) is creeping up to levels close to March 2009. Now US 3 mo bills are sold at 3 mo LIBOR levels — which is at a rate higher than 3 year Treasuries. Translation: liquidity crisis. Looks like it is [...]
సెప్టెంబర్ 9 , 2011 MMGL show లో చైతన్య గారితో నేను చేసిన సంభాషణలో, చైనా దేశం లో ఎడా పెడా కొత్త కొత్త నగరాలు కట్టేస్తున్నారు అని చెప్పాను. ఇవి భూతనగరాలు (ghost towns). ఒబామా ఉద్యోగాల పధకం విఫలం అవుతుంది అని చెప్పాను. ఈ సంభాషణ విన్నవాళ్లు ఈ వీడియో చూస్తే నేను చైనా గురించి చెప్పిన విషయం అర్ధం అవుతుంది. అలాగే solar power గురించి మేము మాట్లాడిన ఉపయోగకర విషయాలను [...]
Podcast: Play in new window | Download (Duration: 13:43 — 12.6MB) | Embed
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As US markets are closed for Labor Day, it got ugly in Europe today. The news got more gloomy over the weekend and today.
Greece’s second bailout is in trouble
Italy troubles deepened
DAX was down more than 5% today.
According to Belgian Nieuwsblad, the CEO of Belgium’s biggest bank has just resigned. Zero Hedge says, “As a reminder, [...]
This is a bit dated news (from last week). I could only get to comment on it only now because I wanted to post this with this graphic. Who would have thunk that a third world dictator could bring Bank of England and the Derivatives King, and the anti-gold cartel leader JP Morgan to their [...]
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“Speculators are betting against the euro, banks are taking incalculable risks and the markets are in turmoil. Three years after the Lehman Brothers bankruptcy, the financial industry has become a threat to the global economy again. Governments missed the chance to regulate the industry, and another crash is just a matter of time.”
It is not [...]
A lot of debate currently going on reducing the deficit and it is being shown as a problem that is orthogonal to economic growth, which is not true. Why can’t those thinking this way get the point that economic and employment growth can reduce the deficits and not the other way which is reducing deficits [...]
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5:00 PM Update:
“Must read” articles on Fed getting Concerned about European bank liquidity problems.
WSJ: Fed eyes European banks
FT Alphaville: Should the New York Fed be worried about European banks?
For us, though, the most interesting part of the WSJ article is its end, which includes some raw data on European banks’ US assets (H/T Joseph Cotterill):
On [...]
This can’t be good (another RED ALERT):
The much awaited bounce from extremely oversold conditions has happened yesterday. I was going to say that it might be some sideways action for a couple of weeks and then a slide. May be that’s all the Ben Bounce we are going to get for a while. Brace yourself [...]
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