Interview with Max Keiser on 8/20/10. Yeah, that voice is not sexy but chances are he’s right in a big way. Better safe than sorry.
http://www.youtube.com/watch?v=h2D2y1ye6kc&feature=player_embedded#!
http://www.youtube.com/watch?v=mlX88WZrPt4&feature=player_embedded
http://www.youtube.com/watch?v=pnTETzeEm6E&feature=player_embedded
Full story here from ZeroHedge. More from Nassim Taleb, author of The Black Swan.
In an interview conducted with Business Week, Nassim Taleb discusses his view of the biggest black swan in the market currently, and isn’t shy to call government debt a “Pure Ponzi scheme.” – When asked where he the biggest potential source of systemic [...]
Full story here from Mike Whitney.
On Tuesday, the 30-year fixed rate for mortgages plunged to an all-time low of 4.56 per cent. Rates are falling because investors are still moving into risk-free liquid assets, like Treasuries. It’s a sign of panic and the Fed’s lame policy response has done nothing to sooth the public’s fears. [...]
Full story here from ZeroHedge. Random entertainment found here.
A Major Inflection Point is Upon Us
I have not commented on the financial markets in a detailed way for quite some time now. This is not because I do not have strong opinions on them, rather it is because I see the current ongoing crisis as just [...]
Full story here.
…Additionally it appears that we now have “financial reform” via the “Dodd-Frank” bill. I personally do not think this accomplishes anything for the economy – it consolidates power in the wrong hands while failing to address current debt levels, derivatives, and the GSEs. The market does not appear to know how to digest [...]
Full story here from Webster Tarpley.
The Obama-Dodd-Frank financial regulation bill, a miserable excuse for real Wall Street reform, is now about to gain final approval in the Senate. This wretched bill is now supported by the New England liberal (meaning Wall Street) Republican clique including Olympia Snow, Susan Collins, and Scott Brown, who are joined [...]
Full story here from ZeroHedge.
Sometimes, when chasing the bouncing ball of fraud and corruption on a daily basis, it is easy to lose sight of the forest for the millions of trees (all of which have a 150% LTV fourth-lien on them, underwritten by Goldman Sachs, which is short the shrubbery tranche). [...]
A video here. A more fleshed out version here. Don’t take his word for it, you can hear more in these places: one, two, three, four, five, six, seven, eight. Still not happy? Listen to this. Antidote to all the madness here.
I know, you may be thinking, these are ‘fringe’ or ‘reactionary’ viewpoints, ‘cos those [...]
Full story here.
By Dylan Ratigan
They Keep Stealing – Why Keep Paying?
The dire straits of the middle class of America has made it near impossible for our politicians to keep up the pretense that our current government truly works for the “people.” Between the multiple overt and secretive bailouts, the massive bonuses and the circular use [...]
Full story here from ZeroHedge. In case you didn’t have anything to make you throw up in your mouth…
“If you were to have faxed me this balance sheet and asked me to guess who it belonged to, I would have guessed, Citadel, Magnetar or even a proprietary trading desk at a bank.” So begins a [...]