The chart speaks for itself.
Click the picture to enlarge:
Read what caused this turn of events here.
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This is a very solid interview. Props to Bloomberg for producing it.
Part 1:
Part 2:
Part 3:
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Mish presents an extraordinary analysis of Bernanke’s Federal Reserve auction facilities and why they are really just reshuffling the chairs on the deck of the titanic. One of his best points is that the Fed is not “King Midas” - just because it is willing to hold crappy bonds, such as mortgage backed securities, […]
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1. Amidst the housing bust portion of the boom-bust cycle, brought on by extremely loose monetary policy engineered by “Easy” Al Greenspan and continued by “Helicopter” Ben Bernanke, underwater home “owners” are now setting fire to their houses (and even cars) to attempt to gain insurance settlements on an impaired asset. This sort of […]
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The economy is undoubtedly at a critical turning point. Let’s take some time to make a reasonable attempt to understand what has happened and what is happening now, and try, humbly and sincerely, to decipher what is next on tap for the economy and markets.
First, for a little macro background:
1. In 2007, the United […]
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There is absolutely no reason why, if our executive branch of government has a government continuity plan for major disasters, that this information should not be shared with the key committees in the House of Representatives. Why would Bush and Co. deny access to such information to our elected representatives? The only answers […]
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Check out this site: angryrenter.com.
With prudent renters having realized that housing was in a bubble and avoiding the madness, they are now being double wammied by irresponsible Federal government officials who want to levy taxes to bail out those who got in over their head.
To put it simply: NO ONE DESERVES A TAXPAYER FUNDED BAIL […]
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1. The U.S. Federal Government could be in trouble of losing its AAA debt rating status. The article linked cites potential costs associated with bailing out government sponsored mortgage agencies Fannie Mae and Freddie Mac as well as broker-dealers such as Bear Stearns. Not mentioned are the rising costs of global military operations […]
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Yet, fiat currencies are still unbacked by hard assets and our Federal government somehow still has the gall to subsidize corn-based ethanol.
Read a little bit about it here.
Is there any sanity left? Turning corn into fuel for SUVs as global grain and staple food prices skyrocket? U.S. taxpayers subsidizing this lunacy? Who […]
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Gary North pens a hard charging piece about the vast web of lies that has enveloped our modern financial, political and economic system. Listen friends, buying the empty rhetoric of lying politicians and the ignorant spouting off of big media personalities WILL NOT HELP YOU when the lies catch up with society.
Please perform your […]
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