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In addition to my previous post look at the liquidity injected by the NY FED today another $20B. http://www.ny.frb.org/markets/omo/dmm/temp.cfm

Looks like the investment banks may fall like dominoes. The insurance on their defaulting CDOs is worthless when the insurer is going under! MBIA finally admit it tonight. http://www.bloomberg.com/apps/news?pid=20601087&sid=aF5n2mMwD_VE&refer=home...

Part 2 of the story http://www.bloomberg.com/apps/news?pid=20601010&sid=adp5UMQkZfwc&refer=news

I always thought the Government owned the $ printing press. Actually printing press has been given to privately owned bank (owned by other banks) called the FED. The Government actually has to borrow from this bank and actually pay interest for doing so. I have an idea lets take the printing...

OMG read this. http://www.bloomberg.com/apps/news?pid=20601010&sid=awOhpZQuyd6k&refer=news

Headline +4% but less energy, food and housing, core= -0.5% What inflation? That's why they are dropping i-rates .

Looks like we have a full blown run on money market funds taking place, starting with the state pooled money market funds. Do you wonder why treasuries yields are so low? Everyone is moving to maximum safety of capital protection, treasury yield at 3.9% is better than a loss. What...

Agreed the FED is a private bank there for the sole purpose of helping its investors i.e. investment banks. I put money on it that a BIG investment bank has a real issue with credit default swaps (CDSs) insurance they have issued. Think about it with all the MBS, CDOs and other AAA rated...

The best gauge of retail is to check out the stores in person. What type of shoppers do you see and are they actually buying. My observations are that WalMart is doing good. Christmas Tree Store also doing good. Home Depot looks like a ghost town. in the malls the upmarket stores the...

Market only wants good news. Sorry this is bad news and must be ignored. How oh how can CDOs or any similar debt for that matter be rated at AAA equivalent to sovereign debt. At least with sovereign debt they own the printing presses to print more $$$. Heads will roll. Hell if Martha can...

To be tax deductiable don't you need a profit? I forgot Wall Street doesn't pay taxes. offshore accounting etc.

Historic account of 1929 stockmarket collapse: Throughout the 1920s a long boom took stock prices to peaks never before seen. From 1920 to 1929 stocks more than quadrupled in value. Many investors became convinced that stocks were a sure thing and borrowed heavily to invest more money in the...

SBUX was lookign at them closely today. I nice candidate for shorting. What say you?

CFC, FNM, FRE

Papa good point. If you look at P/Es alone the fundamentals would say everything is OK. But, when you look at the macroeconomic situation there are massive imbalances that have to balance out at some stage....maybe the time has come. I cannot see how the US consumer can continue spending like...

Something is amiss. Today we have oil at $98 barrel, gold at $824/oz, and most commodities at historic high prices. Even BHP is looking to double the price of iron ore for the coming contract year. By all measures we should have high inflation and possibly be heading into recession...

Which market????? The Hang Seng is getting murdered. -4% yesterday, -3% today?

If OPEC move away from USD then further dollar depreciation and economic inflation can be expected. OPEC to look at impact of weak U.S. dollar The oil-producing group responds to pressure to study the effect of the declining dollar, despite concerns that the move will further weaken the...

FED rate cut will do absolutely nothing for refinancing "bad mortgages".

They better writedown that stake in CFC also.