Jesse's Café Américain Sun 2009-09-13 12:28 EDT

H&S Top and "Iron Cross" on Weekly Dollar Chart Targets 66

Jesse

The weekly chart on the US Dollar Index has rather awful technicals, as it has dropped to a recent low, and set the 'iron cross' in the moving averages that is generally the hallmark of a sustained decline...The ultimate objective of this formation remains 66. It is difficult to square this with a technical outlook that includes a major decline in the US equity indices, since the pairs have been running inversely, that is, dollar down, and stocks up.

H; Iron Cross; Jesse's Café Américain; s Top; Weekly Dollar Chart Targets 66.

naked capitalism Sun 2009-09-13 12:26 EDT

Guest Post: Top Economists Say We Must Break Up the Insolvent Banks (Government Says Let's Make Them Bigger)

George Washington of Washington's Blog

The following top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion: Joseph Stiglitz, Ed Prescott, R. Glenn Hubbard, Simon Johnson, Thomas Hoenig, Neal S. Wolin, Sheila Bair, Anna Schwartz, William K. Black, et al...And yet, the top economic policy makers (Summer, Geithner and Bernanke)...don't want to break up the insolvent giants or even keep them from growing, don't want to reinstate Glass-Steagall, and want to let the banks keep using their same inaccurate models, overseen by the same spineless regulators.

bigger; break; Government Says Let's Make; Guest Post; insolvent banks; naked capitalism; Top economist says.

Jesse's Café Américain Sun 2009-09-13 12:21 EDT

Signs of an Approaching Decline in US Equities That Could Be Quite Impressive

Jesse

There is a strong correlation between this US equity rally and the Fed monetization of debt, which indicates a 'hot money' flow into US stocks but with thin volumes from a significant market bottom. This points to 'technical price trading' by the financial sector, also known was price manipulation, or trading stocks like commodities. Continued heavy insider selling from those with the best forward view of the real economy is a clear sign of a top. No one can trust what the Fed or the Administration are saying about an economic recovery, as much now as ever. Obama's administration is no reform government ...We will not be surprised if there is a significant decline, first to a pullback of about 7 to 10 percent. Then we will see if the market can rally on renewed dollar devaluation and if not, then another major slide to test lower levels.

Approaching Decline; Equities; impressive; Jesse's Café Américain; signed.

Jesse's Café Américain Sun 2009-09-13 10:37 EDT

China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time

Ambrose Evans-Pritchard via Jesse

The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to Cheng Siwei, a top member of the Communist hierarchy...The blowback on the US dollar will be significant. Dollar losing reserve currency status.

China admonished; Dollar; Hard Fall; Jesse's Café Américain; monetize; see; Time.

Fri 2009-07-24 00:00 EDT

Economic Meltdown - Articles: The Roots of the Financial Crisis: Who Is to Blame?

-- John Dunbar, David Donald; top 25 subprime lenders; wall street backers; banks that financed subprime industry collecting bailout billions

article; blames; economic meltdown; Financial Crisis; rooted.

Tue 2009-06-16 00:00 EDT

AlterNet: Obama's Top Economic Adviser Is Greedy and Highly Compromised

by Matt Taibbi; bribing Larry Summers

AlterNet; Greedy; Highly Compromised; Obama s top economics adviser.

Tue 2009-06-16 00:00 EDT

US watchdog calls for bank executives to be sacked |

US watchdog calls for bank executives to be sacked | Business | The Observer; Elizabeth Warren seeks removal of top Citigroup, AIG executives

bank Executive; sacked; watchdog calls.

Tue 2009-04-21 00:00 EDT

Top Geithner Aide Fought CEO Pay Reform | Mother Jones

former Goldman Sachs lobbyist Mark Patterson

Mother Jones; Top Geithner Aide Fought CEO Pay Reform.

Wed 2009-04-01 00:00 EDT

naked capitalism: Quelle Surprise! Who Gained From AIG Rescues? Goldman (and Deutsche) Tops the List (and Willer Buiter is REALLY Angry!)

AIG rescue; Deutsche; gains; Goldman; list; naked capitalism; Quelle Surprise; really angry; Top; Willer Buiter.

Wed 2009-04-01 00:00 EDT

Mish's Global Economic Trend Analysis: Top Secret Musings And Other Economic Insanity

Economic Insanity; Mish's Global Economic Trend Analysis; Top Secret Musings.

Fri 2008-11-07 00:00 EST

Jesse's Café Américain: Top 20 Credit Default Swaps Exposure Net Notional Basis

Jesse's Café Américain: Top 20 Credit Default Swaps Exposure Net Notional Basis

Jesse's Café Américain; Top 20 Credit Default Swaps Exposure Net Notional Basis.

Tue 2008-10-07 00:00 EDT

naked capitalism: Even Top Corporates Having Trouble Raising Short-Term Funding

naked capitalism; Top corporations; Trouble Raising Short-Term Funding.

Tue 2008-10-07 00:00 EDT

James Grant - Bad Medicine

(Washington Post); ``Low interest rates, easy money and malleable accounting rules are what plunged Wall Street into crisis. Yet it is low interest rates, easy money and malleable accounting rules that top the list of federal fixes''

Bad Medicine; James Grant.

Mon 2008-08-04 00:00 EDT

Is the U.S. Banking System Safe? - Seeking Alpha

Is the U.S. Banking System Safe? by James Quinn - Seeking Alpha; "The U.S. banking system is essentially insolvent. The Treasury, Federal Reserve, FASB, and Congress are colluding to keep the American public in the dark for as long as possible...When you see a bank CEO or a top government official tell you that everything is alright, run for the hills. They are lying."

Seeking Alpha; U.S. Banking System Safe.

Sun 2007-12-23 00:00 EST

Money Matters: I Risked My Life To Save A Woman On Parole, Time To Talk About Our Criminal Class: The Top Dogs In USA

by Elaine Meinel Supkis; secret deal: China would stop the flood of Japanese money flowing into China except for GOVERNMENT LOANS to clean the environment, China would stop forcing the yen upwards, Paulson will stop pushing China to push up the value of the yuan and Japan is going to weaken the yen to 130 to the dollar

Criminal Class; Life; money matters; parole; Risk; save; talks; Time; Top dog; USA; Woman.

Tue 2007-08-28 00:00 EDT

Mish's Global Economic Trend Analysis: Quotes of the Day / Top Call

2007-07-10; Mish calls equity top!

day; Mish's Global Economic Trend Analysis; quote; Tops called.