In a sequence of CSPAN broadcasts, Washington insiders expressed their shock—Shock! at the state of the budget disaster in Congress. Senator Conrad, has suddenly discovered just how deep the debt hole that Congressional spending, aided and abetted by an unprincipled administration, has put our children in. Because its our children thathave inherited the mess these […]
Tag: Obama
Tactical trading: maxpain strategy in oil pays off within a week
closed our tactical trade in oil, using the 2x leveraged oil ETF (DXO). we bought at $2.20 with a .2 initial stop, after oil closed below $30/barrel, and closed the tactical portion of the trade today at $3.45. Thats a little over a 6R win in a week. here are some of the supporting slides […]
US government debt and the first rule of holes
when you realize you are in one, stop digging
Next in line for the bailout, after $1T for the states, is steel
we continue to spend more and more tax money on companies that are making things we dont want to buy at their proce. But remember, its not your money, it’s the government’s money and all they have to do is just decide how you will spend it. And if you wont spend it, they will […]
Historical responses to financial meltdowns (buckle up, it will be a bumpy ride)
Reinhart and Rogoff (2008b), in a recent paper entitled “The Aftermath of Financial Crises.”, demonstrate that banking crises in rich countries and emerging markets have a surprising amount in common. “… Broadly speaking, financial crises are protracted affairs. More often than not, the aftermath of severe financial crises share three characteristics. First, asset market collapses are deep […]
Farmers and automakers; remember the crucial difference…
I am trying to appreciate the difference between paying farmers not to grow crops and to prop up their prices with government subsidies and the outrage expressed by conservatives at paying automakers not to make autos (as canada joins the team in shoveling money at the Big 3) This time its different though, because the […]
Market Health Check, Dec 22, 2008
Upgrade from Intensive Care to Critical market has been hammering out a bottom here. The slope of the 50d MA and the 30d Rline have turned positive. Volatility has dramatically reduced. The large candle days in the last 30 have been up not down; the 20 and 50dMAs are coming together. The next “easy” upside […]
Obama’s genius in selecting Clinton as Secretary of State
Obama’s true brilliance is revealed in his choice of HRC for SecState. Clintoons MUST report their secretive list of contributors to the shadowy library, the modern technique for laundering money to public servants. It’s revealed today that $500M has been shoveled at Bubba Inc from foreign interests, and the Clintons will never be able to […]
Democratic Party Dilemma: Rock meet hard place
Consider the dilemma of the Democratic Party: Do they support a couple hundred thousand aging UAW workers that vote reliably and are tied economically to the GM retirement and healthcare plan? or do they support the thousands of young voters recently attracted to the party who will be the source of funding for any GM, F […]
Automakers next in line for bailouts
Having relinquished the moral high ground by bailing out preferred insiders in the investment banks, the Goldman Sachs administration and President Paulson now have to decide who shall be the winners and losers in the auto industry next. The functional argument is that if you dont bail us out with public money, we will go […]