zero hedge Mon 2009-10-12 10:05 EDT

How Currency Devaluation Can Be A Bad Thing

Even as the dollar keeps hitting new daily lows, which continues being seen as a positive for the stock market, if not so positive for what little remains of world trade, not much has been said about the efforts by Latvia to do all it can to devalue its currency in the wake of a failed bond auction. The consequences are already metastasizing, as seen by the increasing volatility of related currencies, particularly the Swedish Krona which has been hit hard against the Euro on concerns of the country's exposure in Baltic states.

bad things; Currency Devaluation; Zero Hedge.

Sun 2009-10-11 18:48 EDT

The Ongoing Plight of the U.S. "Nightcrawler" - Part 2 | zero hedge

We're just as scroomed as we were a year ago--skying stock markets and gold-hating trolls posting "Gold isn't money" notwithstanding. There is absolutey ZERO chance that the Fed raises their Fed Funds Politburo rates, and a ONE HUNDRED PERCENT CERTAINTY that both the Fed and Uncle Sugar MUST continue their monetizations, back stops and being the "lenders, insurers, and market of last resort" for all things credit, but especially the McHousing market where they have multi-trillion fiatsco exposure. So, it is little wonder that the U.S. fiatsco is getting pounded in the currency casino and that people are piling into PMs in droves--even going so far as to DEMAND physical delivery from the corrupt exchanges, even as the jawboning and pie-holing by the Fed Heads and Treasury twerps continues unabated. Because we are still very much in the midst of the "convulsions" of collapse AND the massive monetary and fiscal insanity the Fed and Uncle are undertaking to fight them.

nightcrawlers; Ongoing Plight; Part 2; U.S.; Zero Hedge.

zero hedge Sat 2009-10-10 14:13 EDT

Albert Edwards On The Upcoming Economic "Abyss"

As always, Albert Edwards provides a solid dose of economic observations based on facts, not hope...unless you truly believe that the stock market is its own isolated bubble, which many do, at some point cash from assets will have to support equity and debt valuations. And once the government cash funding vacuum pops, the market-economy divergence will also collapse. At that point, every dollar used by the government via stimulus and Federal Reserve pumps will have an equal and opposite effect on stocks, thereby throwing America not just into a debt funding crisis, but a complete economic and capital market tailspin. Alas, it appears impossible to prevent this, as the administration and the Federal Reserve Chairman are dead set on executing their inherently flawed experiment...and the American middle class.

abyss; Albert Edwards; upcoming economic; Zero Hedge.

Jesse's Café Américain Sun 2009-09-20 11:07 EDT

Stock Market Rally: Shenanigans Abounding

Jesse

...The US markets in general have every mark of a maturing Ponzi scheme...Bonds, stocks, metals, sugar, cocoa, and oil are all moving higher, while the dollar sinks. Is the dollar funding a new carry trade?...We remain guardedly 'optimistic' on the markets for next year ONLY because of the Fed's and Treasury's willingness to continue to debase the dollar to cover the massive unrealized losses in the banks' portfolios, even as they return to manipulating markets in business as usual. Inflation is good for financial assets, and we think another bubble is in the cards, at least for now given Obama's unwillingness to reform, unless some exogenous event or actor intervenes...

Jesse's Café Américain; Shenanigans Abounding; stock market rally.

Jesse's Café Américain Sun 2009-09-13 12:32 EDT

Japan: The Triumph of Crony Corporatism Over the Individual

Jesse

The former Japanese Central Banker Toshiro Muto says that '"in principle equity values should be set by the market and authorities should avoid manipulating prices because doing so would hurt the stock market's reputation." Apparently in this case 'in principle' means 'theoretically, as is convenient," because Mr. Muto goes on to recommend that the Japanese Central Bank and government throw principles aside and buy stocks to support the Japanese banking cartel, which has crippled that country for the past fifteen to twenty years.

crony corporatism; individual; Japan; Jesse's Café Américain; triumph.

Steve Keen's Debtwatch Sun 2009-08-30 14:33 EDT

It's Hard Being a Bear (Part Two)

Cassander

One of the reasons I'm still a bear on the economy is because the economists in the optimists camp are relying upon very bad economic theory. If that theory is telling them good times are ahead, that's one of the best predictors of bad times you could have. Capital Assets Pricing Model (CAPM) preached that stock market price shares accurately, that the amount of debt finance a company has doesn't affect its value, and many other notions that have gone up in smoke during the GFC. CAPM developer William Sharpe ``assumed a miracle'': all investors agree about the future and their expectations about the future are correct. Macroeconomic theory has been dominated by IS-LM model erroneously attributed to Keynes but actually due to convervative neoclassical John Hicks, which ``emasculated what was original in Keynes's General Theory, and this bowdlerised version of Keynes was then demolished by Friedman in the 1970s to usher in the Monetarist phase''

Bear; hard; part; Steve Keen's Debtwatch.

Thu 2009-07-30 00:00 EDT

Mish's Global Economic Trend Analysis: Effect of Household Deleveraging on Housing, Consumption and the Stock Market

consumption; effect; Household Deleveraging; Housing; Mish's Global Economic Trend Analysis; stock market.

Tue 2009-04-21 00:00 EDT

naked capitalism: Black Hole Alert: The Last Sucker into the Stock Market Was the Pension Guaranty Corporation

Black Hole Alert; naked capitalism; Pension Guaranty Corporation; stock market; suckers.

Wed 2009-04-01 00:00 EDT

Outfoxing a Bear? - WSJ.com

Outfoxing a Bear? Hussman fund has profited from stock-market gains over time, while limiting recent losses, by Janet Paskin, WSJ.com

Bear; com; outfoxed; WSJ.

Thu 2009-02-26 00:00 EST

Hussman Funds

Stock Market Valuations Following the Great Moderation: Economic Volatility Tends to Lower Valuation Norms in the Bull Markets that Follow, by William Hester

Hussman Funds.

Fri 2009-01-16 00:00 EST

Mish's Global Economic Trend Analysis: Is The Stock Market Cheap?

Mish's Global Economic Trend Analysis; Stock Market Cheap.

Fri 2009-01-16 00:00 EST

Why US Dollar Investments Are A Ticking Time Bomb - Contrarian Stock Market Investing News - Featuring Bargain Stocks

Why US Dollar Investments Are A Ticking Time Bomb, by Manraaj Singh; China likely to sell large chunk of US dollar reserves

Contrarian Stock Market Investing News; dollars invest; Featuring Bargain Stocks; ticking time bomb.

Tue 2008-09-23 00:00 EDT

Jesse's Café Américain: Dollar Musings and the Potential for a Significant Stock Market Decline

Jesse's Café Américain: Dollar Musings and the Potential for a Significant Stock Market Decline; dollar rally

Dollar Musings; Jesse's Café Américain; Potential; Significant Stock Market Decline.

Wed 2008-08-13 00:00 EDT

Winter (Economic & Market) Watch >> Chinese Guillotine

Winter (Economic & Market) Watch >> Chinese Guillotine; china's stock market crash tracking historic patterns

Chinese Guillotine; economic; Market; watch; winter.

Wed 2008-06-11 00:00 EDT

naked capitalism: Chinese Stock Markets Tank, Other Foreign Indices Fall

Chinese Stock Markets Tank; Foreign Indices Fall; naked capitalism.

Tue 2007-08-28 00:00 EDT

Hussman Funds - Weekly Market Comment: August 27, 2007 - Knowing What Ain't True

"Since 1999, the stock market has essentially gone nowhere in an interesting way, compared with risk-free Treasury bills." "One can go some distance in a mine field without anything blowing up it's just that the overall odds aren't good"

2007; ain't true; August 27; Hussman Funds; know; weekly market comments.