Search results

there is a reason gold has nearly tripled in the last 5 years... and oil has quadded something you'll never hear on CNBC

but socialists come to the rescue http://biz.yahoo.com/rb/070417/fanniemae_freddiemac_subprime.html?.v=1

btw, study the Argentine debt meltdown to understand what can happen..... google it...........

the trade deficit is being financed by dollar devaluation and foreign banks propping up the US debt (the consumer) the unwinding of this is rather bloody and your purchasing power is declining (in US Dollar terms) witness the cost of housing which requires 15% more dollars every year to...

fwiw http://today.reuters.com/news/articlenews.aspx?type=domesticNews&storyid=2007-04-16T185500Z_01_N16324449_RTRUKOC_0_US-USA-SUBPRIME-CALIFORNIADEFAULTS.xml&src=rss&rpc=22

my most favorite chart

everyone forgets that wall street will commoditize anything so that it can be indexed and then arb'd look at the S&P, and everything else.... so W$S packaged crap loans and sold them as alt-a in $1 MM buckets to sucker secondaries who then sold them to pension funds who wrote the...

I recall several years ago that lenders were loaning 125% of the value of the house so the "lucky" suckers could buy furniture and other crap to fill it with..... so the borrowers were already 25% in the hole........the day they signed...... interesting that the Democrats hearing the death...

to refi to a fixed rate, they may not qualify since standards are getting tougher.... and they may have to actually tell the truth on the loan application.......imagine that....

the larger question is who wrote the OTC derivative hedges to offset some or most of the subprime or alt-a stuff or prime for that matter.................. bank earnings are next week and nobody will care, but they will flip to the 10K notes to see what their derivative exposure is...

the slope will steepen if we have 2 or 3 rate increases..... then it gets kinda bloody....

an opinion.... the Fed. will let the dollar die in leu of raising rates and collapsing the equity/housing bubble...... they have little choice due to Greenspan allowing rates to stay too low for too long next week should be worth waiting for....

btw.... M3 from secondary sources and some Fed data appears to be at an increasing rate of change,,,, print print print

China will annex the US without firing a shot......... just threaten to dump treasuries...... maybe those $3000 gold guys will finally be right............

dollar tanking and inflation under every rock and the 10 year trades at 4.73 I'm living on Mars...surely this is Mars

watching the action lately and IMO we are at the tipping point.... does the fed lower and trash the dollar or raise to do inflation gold is saying the dollar dies and real estate dies with it..... it's getting really bizzare at this point......... long gold and short banks...is where...

one other issue is the hedged miners are short 42 million oz. of gold due to forward sales of future production.... when silver prices hit $50 during the Hunt Bros. fiasco, silver miners that were heavily hedged went belly up since they couldn't cover margin calls on their short positions...

Wall Street doesn't pump gold equities since wall street doesn't make any money off of the mining industry...it's just too small.... too much money to be made in the carry trade to invest in some gritty hole in the ground... an opinion of course

btw, US Dollar index is a farce to start with The six (6) currencies that make up the index and their weights are: Currency ....Weight Euro ……………………………………. .576 Japanese yen …………………………… .136 British pound sterling...

an opinion...... keep in mind that the central banks hold anywhere from 15,000 to 30,000 tons of gold depending on who you believe... and there are likley hoards of gold in the Mid east of impressive size.... the central banks dont even have to hold the bullion, it can be created just...