As Barack Obama’s favorability ratings continue to slip in poll after poll, we continue to see more of the same, or, as we often unfortunately see both in business in politics, an acceleration of what’s not working. The bailouts aren’t creating jobs, so by all means increase them. Debate on Health Care “reform” is bringing [...]
Archive for September, 2009
Positive Thinking WITHOUT the CON …
The Dichotomy of Toxic Debt “Value”
American bailoutpayers (formerly known as taxpayers) will want to know that the latest result of the multitrillion-dollar bank bailouts they’re paying for, is a much-anticipated “Toxic Rally Set To Boost the Banks.”
In what alternate universe does a toxic (asset) rally boost anything but the 1.4 quadrillion dollar derivative Ponzi scheme whose collapse predicated the financial crisis [...]
The Federal Reserve Situation
It is worth taking note when Tyler Durden steps a bit out of “financial technicals” character and waxes political, so I will quote his closing statement to the linked article above here:
So to all conspiracy theorists claiming that gold is being manipulated on a daily basis by the Federal Reserve: when it occurs over and [...]
Please Add the Following Tagline to Every Financial News Soundbite
“–signaling an end to the worst financial crisis since the Great Depression. “
If I read this just one more time, I cannot be expected to control my gag reflex.
According to Bloomberg, negative bond returns are the latest signal. Forget that bond yields are inverse to stock performance (which performance is currently the most ludicrous fools rally in [...]
