Tag Archives: Depression

The inimitable Kyle Bass

By | July 5, 2021

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 »

This Week’s Market Forecast

By | July 5, 2021

The market onslaught of the last week is now staging a snap-back rally. As I write this Sunday evening the S&P 500 has pushed to 1,143 in the futures markets. This was to be expected as we’d come up against the neckline for the Head and Shoulders pattern I noted the last two weeks: From… Read More »

Things Are Getting Real

By | July 5, 2021

Let’s have a look at the REAL situation in the financial system. 1)   Greece is bankrupt. It has been for years. The market has finally stopped being moronic and figure out the obvious (so much for the “efficient” hypothesis). 2)   Greece WILL default. This WILL crush German and French banks. 3)   The EU in its… Read More »

The Fed Will Soon Find Itself POWERLESS

By | July 5, 2021

Switzerland’s Got a Problem… … and that problem is its reputation as a financial safe-haven. As Europe continues to implode, wealthy Greeks, Italian, Portuguese, and the like are pulling their funds from their domestic banks and funneling them into Switzerland. Because of this the Swiss Franc has been exploding higher, particularly against the Euro: As… Read More »

The Bernank on 60 Minutes yesterday

By | July 5, 2021

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 »