Alternatives to the bailout:
http://hussmanfunds.com/wmc/wmc080922.htm
http://globaleconomicanalysis.blogspot.com/2008/09/open-letter-to-congress-on-700-billion.html
http://globaleconomicanalysis.blogspot.com/2008/09/treasury-relents-on-key-points-shelby.html
Help From A Democratic Congressional Aid
A Democratic Congressional aid and a reader of this blog phoned me just a bit ago thanking me for trying. He also offered this opinion.
"The only thing that...
The Unitary Federal Reserve - Crisis Choreography
http://www.rgemonitor.com/financemarkets-monitor/253652/the_unitary_federal_reserve_-_crisis_choreography
London Banker | Sep 19, 2008
Along with much of the world, I have watched with increasing disquiet as the United States of America...
Another one:
http://www.urbansurvival.com/week.htm
Revolution Monday: The Bankster's Coup
Back in earlier times in America, before the Central Bankers took over, there were lots of financial institutions in the country. Most were fiercely independent and they played a key role in the...
You know I try not to get too carried away with the conspiracy theories, but it's hard not to when they keep coming true.
PLEASE READ AND DIGG HERE:
http://digg.com/business_finance/Constitutional_Crisis_The_Fed_Now_Has_Taxing_Authority
Tuesday, April 1, 2008
"Off The Reservation"?
There...
http://market-ticker.denninger.net/
Monday, March 31, 2008
And Now For Something Completely Different - Cannibalism!
Here it comes folks.....
As if you didn't know the mortgage trade was "dirty", here comes the proof....
" An internal JPMorgan Chase (JPM) memo titled "Zippy Cheats &...
My 2 cents:
I didn't read every response thus far but the one thing I think worth mentioning regarding the current crisis is that the Fed completely lost control of the money / credit supply because of the wonderful world of structured finance and securitization. This allowed the money center...
Well the reason to sell would be to diversify out of the dollar.
I agree though on your other point, FALLING interest rates are excellent for bondholders as they translate into capital gains.
Good article that discusses this here:
http://www.safehaven.com/article-9433.htm
http://www.hussman.net/wmc/wmc080324.htm
Bear Stearns is trading at $6 instead of $2 because unelected bureaucrats went beyond their legal mandates, delivered a windfall to a single private company at public expense, entered agreements that violate the the public trust, and created a situation...
Excellent article:
http://www.hussman.net/wmc/wmc080324.htm
My favorite part:
"Bear Stearns is trading at $6 instead of $2 because unelected bureaucrats went beyond their legal mandates, delivered a windfall to a single private company at public expense, entered agreements that violate the...
The Chinese and Japanese are sitting on almost $1T in US treasuries each. Who is going to buy $2T worth of US treasuries if they decided to 'dump'?
I agree that rationally they should be diversifying their reserves, but their holdings are too large for them to 'dump' them in any meaningful...
Huge Success?
From the article:
"It was a disaster," said Ray Attrill from 4castweb. "We may be close to the point where the uglier consequences of benign neglect towards the currency are revealed."