Recent content by Pascal

Nat gas rally has nothing to do with fundamentals, or storage data. It is a basic liquidity driven asset bubble. Due to the 0% fed funds rate, all paper assets are inflating.

I know quite a few small business owners that have gone out of business due the last 2 year recession. They are not deadbeats, they were victims of the overall economic situation. I imagine many people are in this situation now, so credit scores, on average, for the entrepreneurs and risk takers...

Multinational corporations are laying off 10's of thousands of employees in the us, plus the fed is devaluing the dollar. Those two actions result in huge earnings potentials for large corporations. The downside is that within 2 years, these misguided policies by the fed and large...

This was the trading for the most self-loathing, shit for brains prop trading shops out there. Charles Vacaro comes to mind. I can't believe that the market makers even went there. It's like SOES.

This won't take too much liquidity away, it will just change the structure of market makers. When institutional orders come into the market, that's when volume appears, the market makers will still need to work those orders. They will just program a new algorithm to trick the market.

The major loser in a trade war between US and China will be China. China is bluffing big time. They are at the mercy of US fed policy with their dollar hoards, and now they are at the mercy of Congress with trade policy. So much for world domination.

The problem with the current system isn't due to floating exchange rates, it's due to the mixed exchange rate policies globally. The current crisis is a result of pegged rates to the dollar which have caused huge global imbalances. It created cheap credit for the US, and a huge build in foreign...

Silver and Gold are pure instruments of speculation at this point. As long as they are not used as reserve for currency systems, they are bubble prone, and cannot be used as much else than momentum trades.

They think that by creating an organization to manage currrencies worldwide will do better than the free market. That is the same argument for the creation of the federal reserve system. By manipulating the money supply, imbalances are created. This is a power grab by BRIC, nothing more. He...

There are a lot of knife catchers in this thread.

Another way to look at this data release, it is an offensive against the US goverment. Especially after that judge released a judgement against the fed today. They are trying to tell the government that they will pull the plug on this recovery, if they continue. And by showing that most...

The blame is not just on the central bank, it is also weighed upon the US government. It's not between democrat or republican, they are both guilty. This is about a government that went banana republic. The world could only absorb a finite amount of dollars before they were aware of the bullshit...

Bernanke was just reappointed, how convenient. The fight is on. Channel the spirit of Andrew Jackson and you will find an unworkable battle.

I was at the airport restaurant today. I overheard two different tables of people conversing about the government becoming tyrannical. One was a couple of old air force pilots, the other table had an old couple in their mid 60's. They were saying that someone should stand up to the government...

They already have the money. The fed has funnelled trillions of dollars through AIG.