Here’s a December 2011 snapshot from the inimitable Kyle Bass http://watch.bnn.ca/the-street/december-2011/the-street-december-13-2011/#clip584882 (sorry no embed for that one) Here’s another treat. Must watch for everyone who enjoys not being lied to. Unlike all other cheap talking heads, and know-nothing pundits who merely need a suit to make an appearance on one of the TV’s financial comedy… Read More »
As always, just as the market is about to set off on yet another dead cat bounce courtesy of vapor volume and the lack of concerted selling (after all the Fed is front and center today which means nothing can possibly go wrong… at least until someone actually does some Mark to Market accounting on… Read More »
Bernanke’s statement that unemployment is the biggest impediment to economic recovery is ironic, given that Bernanke’s policies have increased unemployment. See this and this. Harry Blodget notes that Bernanke implied that inequality is destroying America. Tyler Durden hones in on Bernanke’s statements that the economic recovery may not be self-sustaining, and that the Fed may… Read More »
On this edition of Peter Lavelle’s CrossTalk, he asks his guests about the chances of a double-dip recession.
Here is something you rarely see on the mainstream media, especially CNBC. Prominent hedge funder Kyle Bass of Hayman Capital tells CNBC: â€œgiven my outlook on the world, I donâ€™t know how you can be long stocksâ€. Bass: â€œIf we get a global restructuring, if we get the European periphery [Bass said EU stress tests… Read More »
“The Federal Reserve will likely reemerge as the biggest buyer of Treasuries when it resumes purchasing U.S. government securities today to prevent money from draining out of the financial system. JPMorgan Chase & Co. strategists estimate the Fed will buy about $284 billion in Treasuries over the next year, or more than the combined purchases… Read More »
While some forecasters aim to continue their winning streaks, others hope to salvage their reputations in 2010. Yet from Goldman’s giant interest rate call to Marc Faber’s ultimate contrarian bet, competitive market forecasting is really just a giant game of chicken. Key prognosticators are paid to take their stand, then defend it incessantly without blinking.… Read More »
New York University professor Nouriel Roubini Investors worldwide are borrowing dollars to buy assets including equities and commodities, fueling â€œhugeâ€ bubbles that may spark another financial crisis, said New York University professor Nouriel Roubini. â€œWe have the mother of all carry trades,â€ Roubini said via satellite to a conference in Cape Town, South Africa. â€œEverybodyâ€™s… Read More »
Listen to this interview with the former Assistant to the Treasury Secretary Dr. Paul Craig Roberts, who acknowledges Max Keiser’s metaphors for the US economy.