Month: October 2011

All the efforts of EU folks has certainly been filled with drama. Germany and France taking the lead which historically, politically, and financially has usually led to disaster in some form or another. But they slew the banker dragon by making him take a 50% hit, knowing that if the agreements fall apart, a starting…

Speculation usually leads to prices which markets will ultimately reject. We saw this with Tech Spec in 2000, Stock Spec every generation, Real Estate Spec, well, you know. Now we are seeing Intervention Spec, where governments around the world are supporting prices from fixed income, to stocks and commodities. The US Treasury and Federal Reserve…

From The New Yorker Occupying Wall Street in 1967

Associated Press 30-year mortgage below 4 pct. for first time ever By DEREK KRAVITZ WASHINGTON — The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent…… (Entire Article)

With reversal of the market on Tuesday, bears have been trying to find anyplace to hide as shorts are all chasing the same offer. Friday’s unemployment number will provide some hope for the red side but the numbers will have to be extremely disappointing. Price configs are still bad but intervention policies are constructing world…