Humpty Dumpty was Pushed
Gretchen Morgenson of NY Times is a great business reporter. She is one of the few financial reporters who went against the market hype during…
Markets
One of Many Different Faces of Fraud (The “Healthy” Bank)
This person has been living in their house without making a mortgage payment for nearly a year and a half, and the bank – it’s one of the “Big Three” – HAS NOT FORECLOSED. [Big three: Bank of America, JP Morgan Chase and Citigroup]
Financial Markets: What is Happening?
If you haven’t noticed the recent turmoil in world financial markets, you haven’t been paying attention. Oh yes, it will affect you in one way…
DOW 10000, The Redux
CNBC is notorious for its cheer leading for markets when they are going up. They even go to the extent to discredit any voices of…
El-Erian: Mind the Gap
Few people with vested interest in financial markets openly say things that are worth listening to. Mr. Mohamad El-Erian of Pimco is one of the…
Ratigan on Obama’s Olive Branch
Dylan Ratigan was one of the very few sane reporters on CNBS. He was shown the door for reasons not disclosed. However, he came back…
Shhhhh…. Don’t Tell Anyone
Those who have been following US financial markets for a long time know one thing for sure: markets are manipulated by the money interests. Many…
Worrisome Signs for Stocks
Now that Bernanke is confirmed for another term at the helm of the Fed, some pundits will have you believe that the stocks are safe….
Goldman, AIG and NY Fed Hearings Preview
It has been widely reported that Goldman Sachs got a sweet-heart deal from the bailout arm of the US Treasury, courtesy the then Treasury Secretary…
Give What We Want or Else…
It is irrelevant which party is in power, the modus operandi is the same. Give us what we want, or else markets will tank! What we know from this process is that it is not the elected officials who are in charge. This is no democracy. This is an oligarchy. A bunch of fat cat bankers and large corporations are in charge. Not the Congress. Not the President.
Obama’s Words Didn’t Cause the Market Slide This Week
For several months, the market has been heavily manipulated by the Feds and the influential trading firms on Wall Streets. Now what? Looks like on Friday the market averages retreated to a technical support level (holding the 11-month uptrend line.) The markets may be due for a short-term bounce. But I do think that this may be the beginning of another steep slide in the market.
New Found Spine or Mass Wake Up Call?
Banks, bonuses and bailouts – busted? Is this a new found spine for the President? Or, is it a reaction to the wake-up call he got from Massachusetts? Whatever it is, I don’t see the bank executives shivering in their boots.
The Dudd who Wanted to be the President
Senator Chris Dodd is stepping down. I hope it is done in disgrace. This is the man who willfully inserted loopholes in a Senate bill to help the scumbag millionnaire thieves at AIG. Watch this March 2009 admission of guilt by this scumbag.
Bombay Sensex was up 81% in 2009
[Photo courtesy: WSJ] The year 2009 saw relentless printing by Uncle Ben. He got more than a bit of manipulative helping hand from the Wall…