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I don't know. Seems like an attempt to bid up the banking sector equities in an attempt to dilute by share issuance to private players... How much do you want to be that this will be to the average 401k investor in mutual funds? Calls will be made that it is 'un-american' not to hold a...

Its almost as if TPTB in trying to slow the FIRE economy down brought themselves to the edge of the abyss and peered in. When confronted with the terror of deflation in Q4/Q1 they said forget it - let's start up the engines again, damn the costs. Currency destruction with full employment is...

Yup. BTW much thanks about that comment on the GDP deflator. Would have missed that if it wasn't for you.

I agree with that with two differences: 1. Pullback from the inverse H&S only to 825. 2. We don't last above 1000 for long or even fully get there - too much pent up selling waiting from scared 201k investors looking to get out of equities that they were long and wrong. Much mutual fund...

http://finance.yahoo.com/news/INSIDE-WASHINGTON-Taxpayers-apf-15094808.html Relevant parts: [b] So, it seems the plan is to increase liquidity this year, then take it away next year. Since most folks 'spend' their paycheck instead of saving (or have in the past - jury out on this...

Learn how to sell volatility confidently, consistently and profitably without relying upon directional strategies and without burning up profit through hedging commission as a retail trader. Much easier just to sell strads for size and hedge in futures with minimal transaction costs if you...

Concur. Why do we need our chief executive spreading cheer and relief every other day? The only problem is that the media manipulation is getting obvious to even those who are daft. Perhaps we get a bounce out of this but the fundamentals won't change. Eventually there will be another...

Volker has been brought in enough to control him but not enough to empower him. Brilliant move, actually.

Stock conversion is further taxpayer subsidy for purposes of dilution. Not control. They have that already if they want it, but the price to the individual who claims it will be too high. Never in my life did I think that clubbers would be republicans. :D

This is absolutely the most interesting development I have seen lately. Cracks appearing in the armor... Question is, who goes down from this?

Because the true growth of M3 from 2006-2008 if reported would have made you piss your shorts. Forget M3 now. Its M1. We're all monetarists now. http://www.shadowstats.com/alternate_data

Much truth in this statement. See my posts a few years back about Vikram Pandit. Been there, seen that, almost had it happen to me. Our prayers go out to his family, and for the comfort of his soul.

I've always wanted a nice little apartment in Madrid... might get my chance!

Nice find, thanks for posting

You know, after over about 1500 posts I think its getting time to retire this screen name, so I can afford to be wrong here. Following the principle of maximum pain to the maximum # of people, here's my guess for the next 3 months. We rally more than expected, probably clearing 9500 dow at...

I don't believe in buying stuff from developers but if Cuba opens up I'll be right there in line with the rest of 'em.

Smarter folk than you or I are pondering the same idea. http://fabiusmaximus.wordpress.com/2008/06/05/patriarchy/#more-386 http://www.newamerica.net/publications/articles/2006/the_return_of_patriarchy

Welcome to the new dark ages.

Ah... PAL.... one of the points along the way where I made a tuition payment. Wiser now, if not richer.

I've not had luck finding his works except going into the rare book category. There is a library of them that are put out but its about 2k. Was hoping to find the time to go to a research library and skim through it one afternoon, but no luck. Surprised that Amazon hasn't obtained copies of...