On April 18th, I posted this note about Goldman’s take on S&P’s outlook change on US debt. There is a saying in Telugu, “dongalu dongalu oollu panchukunntlu” (Just like thieves divided the villages among themselves to rob). True to this age old maxim, Wall Street banks and the ratings agencies robbed us of our retirement […]
On Friday, Aug 5 2011 at 8:01 PM when all financial markets (ex ForEx) in all western countries have closed for trading, Standard and Poor’s downgraded US Debt. Via Bloomberg: S&P lowered the U.S. one level to AA+ while keeping the outlook at “negative” as it becomes less confident Congress will end Bush-era tax cuts […]
Fascinating lecture on algos and how they operate in the trading universe.
Financial markets have given an unforgettable 50th birthday gift to the President. Today is nothing less than a massacre for stock markets across the world. There are any number of reasons for today’s massacre. Happy Birthday, Mr. President. The fundamental reason is imploding confidence in sovereign debts, US included. Back in 2008, many market savvy […]
Short-Term Yields Going Negative In simple English, it means that you have to PAY THE BANK TO KEEP YOUR money. This kind of imbalance happens in extreme panic situations.Via Zero Hedge: The stunner in this morning’s newsflow (the long, long overdue market collapse which is a much needed catalyst for QE3 should not surprise anyone), […]
If you missed the Netflix ads or Netflix story of late, you must not be living in the United States. Regular listeners of my show know that Netflix is one of my beat-up horses. I was on record saying that it is a company with a bloated stock price and potentially an accounting scam artist. […]
Do you ever wonder, the western press was quick to brand debt trouble faced by Malaysia, Thailand and Indonesia in 1997 as “Asian contagion” as if it were akin to a contagious disease, has avoided using the same term to refer to identical troubles in Europe? This European crisis is now often referred to as […]
Predictions of crashes have little credibility with me. However, this one has some credibility. Zero-Hedge’s Tyler Durden (not his real name) thinks that a flash-crash of sorts could happen on Wall Street today or this week. He claims that yesterday’s bizarre options trades (honestly, I only understood some of what he was saying) by HFT […]
Watch this video on YouTube
This insider trading case is just a tip of the iceberg. It is a tell-tale story of an illegal web of well connected Ivy League business school graduates with no ethics or morals rigging the system to their advantage. In social circles, we see these sociopaths claiming to be crème de la crème, when in fact many of them are perfume coated turds.
A must read article in Rolling Stones: To recap: Goldman, to get $1.2 billion in crap off its books, dumps a huge lot of deadly mortgages on its clients, lies about where that crap came from and claims it believes in the product even as it’s betting $2 billion against it. When its victims try […]
Mohan garu calls Yaron Brook the leader of a cult. Watch him debate on the role of government. You may disagree with Yaron, but can’t deny the rational aspect of the argument. Between Mohan garu and I, one of us don’t have a sense of proportionality- you decide which one it is. Here goes the […]
There is a saying in Telugu, “dongalu dongalu oollu panchukunntlu” (Just like thieves divided the villages among themselves to rob). True to this age old maxim, Wall Street banks and the ratings agencies robbed us of our retirement nest eggs, drove most of us jobless, and kicked us out of our homes in a collaborative […]
The thieves Wall Street crying foul on too much regulation. The thugs on the Hill are are crying about the wolf there never was and not even imminent. Nothing has ever been fixed. In fact, the financial problems were made much worse by Grahm-Dodd regulation. Then, WTF is “that too much regulation” those idiots are […]
[Phoenix Capital Research, Via Zero Hedge.] This is a chart of the US monetary base. In simple terms, it charts how much money the Fed has pumped into the system (at least that it admits). So it’s a kind of visual of the Fed hitting the PANIC button: when the monetary base explodes higher, the […]
