on the monthly chart the 2 massive drawdowns are technically similar on a superficial level, but looking closely you will see that the previous massive drawdown tested the bottom several times before steaming back north. the fundamental economy also had not imploded in that one either whereas we are looking at a deconstruction of the […]
Tag: bailout
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 […]
Not ready for primetime
Obama is disassembling before our eyes. The humiliations of selecting, and then staunchly supporting big government tax cheats, who wont play the same rules they want to impose on everyone else. Going to the Arab Street like a savior and a reasonable man in one package and getting kicked in the groin by a two […]
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 […]
The right way to get out of debt from Bridgewater Associates
says it nicely in few words: not harsh, or only as harsh as capitalism itself, from Bridgewater Associates: “There is no easy way out of a debt restructuring. Someone will have to bear the cost of prior bad decisions. The people who should bear the cost are those who made the bad decisions to make […]
Market reflections January 24, 2009
1. The teaching is good in our new state-of-the-art college building at Fort Leavenworth. Everyday as I walk to the new building I go past the old building which is being demolished. I’ve been watching the wrecking ball taking apart beautiful building and I can’t help but noticing how quickly the heavy ball takes apart […]
The difference a year makes
borrowing from the Fed this year dwarfs all other years. That’s not quite true. It renders all other borrowing combined to irrelevancy