Sun 2008-08-24 00:00 EDT
The Great Consumer Crash of 2009, by James Quinn (Prudent Bear); ``the tremendous prosperity that began during the Reagan years of the early 1980s has been a false prosperity built upon easy credit''; ``We have outsourced our savings to the emerging economies, along with our manufacturing jobs.'' ``the gathering storm has arrived. It will be long, painful and destructive.''
Sun 2008-08-24 00:00 EDT
by Martin Hutchinson (Prudent Bear); "Almost all the world has abandoned proper anti-inflationary discipline and is destined to suffer a period of high inflation and recession in the coming years...Only a few countries like Brazil have taken the inflationary threat sufficiently seriously and will thus be in a position to continue expanding even while the rest of the world endures recession"
Tue 2008-08-19 00:00 EDT
NEWS & VIEWS-A Tale of Two Markets, Part 3, by Bennet Sedacca; "spreads in the credit markets are at historically wide levels and show no signs of tightening"; AIG "just one of scores of companies that cannot finance themselves"; "stocks remain...as over-valued as I have seen in many years"
Tue 2008-07-08 00:00 EDT
Carmen Reinhart, Kenneth Rogoff; long-run historical financial crises; major capital inflows are highly correlated with near-term debt crises; Yves: "we are in the same position as Thailand and Indonesia, circa 1996, except we have the reserve currency and nukes"
Fri 2008-07-04 00:00 EDT
by Chris Hedges; "The popular media are courtiers...They are the smiley faces of a corporate state that has hijacked the government and is raping the nation."
5; AlterNet; makes; Real Journalists; years.
Wed 2008-07-02 00:00 EDT
"supply outstripping demand theory of the feverish price action since March s emanating an extremely fish-like odor. U.S. demand down by a whopping 0.8mbd year-on-year."
Mon 2008-06-30 00:00 EDT
"We are in this mess because consumers and the government were both spending more money than they have, year in and year out, racking up debts well beyond their ability to finance them."
Mish's Global Economic Trend Analysis; Shiller's Keynesian Claptrap.
Fri 2008-06-27 00:00 EDT
"Destruction of credit via massive writedowns..., accompanied by sharply rising unemployment rates, falling wages, and curtailment in credit lines everywhere is simply not an inflationary environment"; "ery likely new all time lows in the 10-year treasury yield and 30-year long bond are coming up"
Thu 2008-06-19 00:00 EDT
Ron Paul and Dwight D. Eisenhower - True Patriots by Jim Quinn; If as a country we continue to allow our politicians and their military industrial complex corporate sponsors to spend $700+ billion per year on weapons, to the detriment of higher education, alternative energy projects, and national infrastructure needs...as deficits accumulate, the dollar plummets, and inflation rears its ugly head, our great country will decline as other empires who overstepped their bounds declined"
Sun 2008-05-18 00:00 EDT
"nventory of homes is now beyond a two year supply and growing, while prices are falling off the cliff." "at least a third of todays builders will be bankrupt within the next 18 months."largest source of inventory is the homes moving through the foreclosure process" "The snakes have moved out of the mortgage business and into the REO disposition business."
Decession; Depression; Mike Morgan; Mish's Global Economic Trend Analysis.
Tue 2008-02-12 00:00 EST
Market Ticker: The Most Important Ticker You Will Read This Year; "Fed has been aggressively draining the SOMA account, with the pace of that drainage stepping up precipitously since December"
Fri 2007-12-07 00:00 EST
Fri 2007-11-30 00:00 EST
CDS notional amounts increased from 26 to 46 trillion in last year; "far more CDSs are written relative to the amounts outstanding in individual bonds and thus credit events will infect and destroy much more speculative capital"; "generate highly volatile equity exposure with minimal or even zero margin requirements"
Mon 2007-07-30 00:00 EDT
