A Must Must Watch (Funny Take on the Fed)
You must watch this – It sums up all my economic rants in less than 7 min.
Articles by Admin
Category 6 Financial Storm Coming Our Way?
In this post, I want to write as little as possible. Hope the seriousness is conveyed. Pay no attention to stock market. Debt markets are smarter than equity markets. Right now, the municipal bond market is taking a “shellacking.” Imagine a large California defaulting on its debt obligations. That is where this is headed. I […]
Matt Taibbi: Invasion of the Home Snatchers II
Remember the phrase “giant vampire squid wrapped around the face of humanity” that described Goldman Sachs? The man who phrased this apt description of the biggest vulture on Wall Street has come out with another investigative piece on FraudClosure Gate. Friends – you have to read this piece and see how corrupt this system has […]
China Downgrades US, Again
Well, well, well – who would have thunk that the communist China is dispensing more truth about the precarious and fragile nature of the US financial situation? This is not a joke – (via Zero hedge) Dagong has downgraded the local and foreign currency long term sovereign credit rating of the United States of America […]
Why the Rage on Feds and Wall Street? (With Audio)
On my show today, I referred to the Wall Street Banks as pigs. I might have used some other strong language to decry the political and economic climate in the United States. A question was raised why my rhetoric against the Feds and Wall Street is so strongly worded! In other words, “Why the rage, […]
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This Would be Funny, if it Weren’t the Truth
Here is a very creative piece on Wall Street banks. This could be funny it it weren’t the truth. Well, done – nevertheless.
Fed’s $600B (on top of 2009’s $1.5T) QE 2, a.k.a Printing
More on this loony action by Bernanke, the crackpot No 2 (No 1 was Greenspan) later. For now , check this pic, which I stole from the Big Picture Blog:
The Backdrop for US Election Results: Economy
In Yesterday’s US elections, 54% of the voters were concerned about the economy and their own jobs. Only 7% were concerned about health care. Is there any surprise why there so much anger towards politicians and the banks? [I will post something on election results later.] If you are an unemployed person, you already feel […]
Another Insane Diatribe
From OneIndia: తెలంగాణ రాష్ట్ర సమితి (తెరాస) అధ్యక్షుడు కె. చంద్రశేఖర రావు మరోసారి నోరు పారేసుకున్నారు. తెలంగాణకు రెడ్లే ద్రోహం చేశారని ఆయన ఆరోపించారు. ఆంధ్ర, రాయలసీమ ప్రాంతాలకు చెందిన రెండ్లు తెలంగాణకు చెందిన బ్రాహ్మణ, రెడ్డి నాయకుల్లో అవిశ్వాసాన్ని పెంచారు. దీంతో తెలంగాణ, ఆంధ్ర విలీనానికి వారు అంగీకరించారని ఓ చారిత్రక విశ్లేషణ చేశారు. ఇప్పుడు కూడా ఆ వర్గానికి చెందినవారే సమైక్యాంధ్ర నినాదానికి పురుడు పోశారని ఆయన మండిపడ్డారు. ఆంధ్ర, రాయలసీమ రెడ్లు […]
Stewart Regrets Calling the President “Dude”
Yesterday I attended the Rally to Restore Sanity on the Mall. It felt like a lot of people. I thought it could be as high as 500,000. Comedy Central estimated 250,000; CBS reported that AirPhotos.com estimated the crowd to be about 215,000. I will go with 250,000. More on my thoughts about the rally later… […]
“No Mr. President, Summers Did Not Resolve the Financial Crisis”
In his Interview with Jon Stewart, President Obama complimented Larry Summers, “Heck of a job, Larry.” As I said several times on this blog, Mr. William Black has been one of the best sources of information for me in the last several years. He weighs in on the President’s vote of confidence in Summers – […]
Obama’s “Heck of a Job Brownie” Moment
Did you watch the much anticipated interview of Obama on the Daily Show last night? The President had his own ‘Heck of a job, Brownie’ moment. I said several times, President Obama lost me the moment he appointed Summers to the economic team. Recap – Summers is a Wall Street crony and he was the […]
Was Chitti in Robo Inspired by Commander Data on ST-TNG?
dongalu paddaka aaru nelalaku moruguthunnatlu… I know this is too late for any review on Robo. I saw Robo only last night (Oct 24), which for me is the second Telugu film to watch in a theater in US in nearly 12 years. I have the forum – what the heck, I will write it […]
Fraudclosure Gate Update: Sheila Bair
Is more stuff is about it hit the fan again? FDIC chairman Sheila Bair weighs in on Fraudclosure gate. (Via Reuters) (Reuters) – The foreclosure mess won’t be cleaned up quickly and could hurt the housing market, which is already a weak link in the economic recovery, regulators said on Monday. Sheila Bair, head of […]
Meet the Unemployed in Silicon Valley
The Wall Street elite have no empathy for the road-kill they ran over while driving drunk. This mess has the signature of Alan Greenspan and the Wall Street banks all over it. No further commentary needed. Just watch and cry.