“ We’re in a government-dependent financial system; I never thought I would live to see the day… We’ve got to fight to get away from that.”– Paul Volcker Meanwhile China lays the ground work for the slow but steady disassembly of the US economic strength worldwide by proposing an IMF managed global reserve currency which […]
Category: Markets
Competence
Its ironic to see the Democrats huffing and puffing about the incompetence at AIG among the executives who have the nerve to to be honoring contracts to key leders who elected to remain at the company. The Democrats say that such a violation of common sense and the public trust disqualifies the leaders of this […]
Daily market summary from tortoisecapital.com
The market is in a Washout pattern here
the entire mkt is in a Washout Pattern (WO) pattern here meaning: there is reason to buy the mechanical entry a nickel above the hi of today there is reason to buy evidence of momentum prior to the mechanical entry in order to front run it, so that u can get a better average price […]
A Reflection on the gold ETF (GLD)
A friend sent me a report on “problems/concerns with the GLD ETF as structured and asked me to comment. I said: GLD is kind of in the same category of ETNs which are promissory notes of the investment house which is guaranteeing performance of the instrument. There are quite a few of those out there […]
The 5 Day Down Failure pattern explained
example of a current short position in Raytheon that has returned %R already, and more coming it seems; shorting the defense industry is a gimme right now
The face of future warfare or a phenomenon emerging from complexity without attribution?
Here is some underreported insight that supports the theme of “Money as a Weapon System” which should give you a moment of pause. LiveLeak reports this interview of Rep. Paul Kanjorski. At 2 minutes and 20 seconds in the video below, Kanjorski explains how the Federal Reserve told Congress members about a “tremendous draw-down […]
Geithner: tax cheat should be a part of every story with his name in it.
Geithner is a tax cheat, plain and simple. Who cares how smart he is? Every reference to his name in news stories should read ” …Geithner, the tax cheat…” Tom Blumer has the full story: and more: Byron York at National Review has also been all over the reimbursement issue, and adds several important “he […]
The gift of welfare that will keep on giving, unto the 7th generation
Trust the Financial Times of London to get it right, as usual. At least their press hasn’t folded up like cheap lawn chairs in adoration: About a third of the present stimulus bill – the welfare and social service parts – will be exceedingly hard to end. That includes the $92.3bn being spent on labour […]
Stimulus plan?! How about reward your friends plan?
with 5% of the 800+B going towards actual infrastructure, the truth is revealed about promises made. The ones that matter are the long standing ones made to supporters early in the process, years ago, behind closed doors. Private promises made by public faces. If you wanted a real stimulous for the economy you would remember […]