Best Of The Best Share Discussion Threads

[traderabc] 01/6/2010 14:47

[KR47] Keiser Report on Toxic Twins – Oil Spill & Cash Crisis
June 1st, 2010 by stacyherbert
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Stacy Summary: This episode, we compare the BP offshore toxic oil spill crisis to the toxic derivatives spill polluting global financial system. In the second half of the show, Max interviews Heidi Moore of Slate's TheBigMoney.com about movie futures, financial innovation and financial reform.

[traderabc] 01/6/2010 12:32

Janet Tavakoli & David Fry on Financial Reform & Goldman Lawsuit
June 1st, 2010 by stacyherbert
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Stacy Summary: Good morning. In case you are unable to view the embedded video below, here is a link to the vimeo page.

[hazl] 31/5/2010 09:53

1586 excellent post

[traderabc] 31/5/2010 08:52

As we have written many times, commodities is not a homogenous asset class. Commodities is really comprised of three sectors. One is energy, which includes petroleum, natural gas, coal, etc. Second would be mineral ores, such as Gold, iron ore, copper, etc. Thirdly, we have Agri-Foods, consisting of corn, soybeans, rice, etc. Each of these commodity sectors have fundamental drivers that are unique.

[traderabc] 31/5/2010 08:48

Gold Relative to S&P500 (1928-2010)

By Barry Ritholtz - May 28th, 2010, 11:30AM

WJB's John Roque looks at the past 4 cycles in Gold relative to the valuation of the S&P500:

[traderabc] 31/5/2010 08:15

So what is it that you find interesting Eggbird?

[traderabc] 31/5/2010 07:53

Dow Ends Worst May Since 1940




Rita Nazareth and Elizabeth Stanton
Bloomberg
May 29, 2010
A d v e r t i s e m e n t


U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, while the euro slumped and Treasuries rose as a downgrade of Spain's debt rating and escalating tensions on the Korean peninsula triggered a flight from riskier assets.

The Dow tumbled 122.36 points, or 1.2 percent, to 10,136.63 at 4 p.m. in New York and lost 7.9 percent this month. The Standard & Poor's 500 Index sank 1.2 percent to 1,089.41, led by financial shares on the Spanish downgrade and energy companies after U.S. President Barack Obama extended a moratorium on new deep-water drilling. Oil erased gains after rallying as much as 1.6 percent to more than $75 a barrel. Ten-year Treasury yields decreased 7 basis points to 3.3 percent. The euro slipped 0.7 percent to $1.2273.

[traderabc] 31/5/2010 07:39

Guest Post: Central Banking vs. the Republic and the World
May 29th, 2010 by Damon Vrabel

(please take the Bernanke survey below)

A couple days ago in Japan, Ben Bernanke said that the benefits of low interest rate policies that politicians want "are not sustainable and soon evaporate, leaving behind inflationary pressures that worsen the economy's long-term prospects......thus political interference in monetary policy can generate undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation."

[pause inserted so you have time to pick your jaw up off the floor]

[traderabc] 31/5/2010 07:37

The issue isn't what Goldman made in the last quarter, the real issue is how Goldman has been allowed to operate fraudulently over the last decade.

In addition to that, if we had free markets AIG wouldn't of been bailed out and therefore Goldman would have gone under with them as the effect of the AIG bailout was essentially a bailout of Goldman by proxy..


Jim Rogers people who were quick made a lot of money


Goldman Sachs set to make profit


"Obviously there were great opportunities for people who were quick and nimble in the first quarter , the stock market collapsed and then rallied gigantically , bond markets had huge fluctuations , commodities went to the roof , anybody who was nimble would have made a lot of money , I don't hold it against anybody who made money I wish I made more , we all do " Jim Rogers said.

[traderabc] 31/5/2010 07:17

[OTE56] On the Edge with Rick Ackerman
May 30th, 2010 by stacyherbert
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Stacy Summary: Max interviews Rick Ackerman about market making, high frequency trading, flash crashes, deflation and hyperinflation.

[traderabc] 31/5/2010 07:15

Will The USD Be Replaced By The SDR Or The CNY As The Next Reserve Currency?

Submitted by Tyler Durden on 05/27/2010 21:32 -0500

BRICs Hyperinflation International Monetary Fund Jim O'Neill Reserve Currency World Trade


Jim O'Neill, who did not make any friends within the bear community earlier today, has written an interesting paper on the IMF's Special Drawing Rights, and whether this hypernational currency can ever become a reserve currency as is, and/or with the CNY as a constituent member. While O'Neill as usual focuses on the angle of the "next paradigm" BRICs, and how they will increasingly dominate global economics, he does pose an important question: with the dollar likely to suffer the side effects of either hyperdeflation, hyperinflation, or hyperstagflation, will the next reserve currency be a diluted melange of other flawed fiat constructs (i.e., the SDR), or the currency of the one country, which for all its flaws, still has the cleanest balance sheet backing its own fiat construct. On the other hand, the question of whether this analysis is moot to begin with, and the world will revert to the gold standard as the ongoing crisis of confidence in all paper money flares up, is not raised even once... We wonder (not really) what Jim O'Neill would have to say on that particular issue.

Here are the main bullets:

[traderabc] 31/5/2010 07:12

Wall Street's War
Congress looked serious about finance reform – until America's biggest banks unleashed an army of 2,000 paid lobbyists

Matt Taibbi
May 26, 2010 9:15 AM EDT

[traderabc] 26/5/2010 21:03

Social fury? The only viable solution.


Keiser Report: Goldman Sachs, Undeclared Enemy of the State

[traderabc] 26/5/2010 20:41

Against the gods

Richard Russell snippet
Dow Theory Letters
May 26, 2010

May 25, 2010 -- "The bigger the top, the bigger the drop." Richard Russell

The world is rushing into dollars. The world is clearly treating the US dollar as a "safe haven." As my subscribers must know by now, I view all sovereign fiat currency as questionable. As a matter of fact, I base the world disaster we're now going through on the widespread creation of fiat money. Once bankers (the Fed) realized that they could control the money of nations, they realized that they could control nations. In my own mind, I view central banks and fiat money as "against the gods."

Central banks create fiat money, denigrate gold, and try to convince the people that the money they print is wealth. That's the great lie behind fiat money. I see one facet of this bear market as the beginning of the end of fiat money. No man and no organization can create wealth with the click of a computer. That's the great immoral fraud underlying this bear market.

Smart investors, investors who know and understand history, are well aware of the fraud of fiat money. Which is why there is a bull market in intrinsic wealth today. Art dealers are amazed at the prices being paid at auction for top-tier art. Diamond dealers can't believe the prices being paid at auction for top-quality diamonds. No-nothings can't understand why gold is selling at historic highs in terms of various fiat currencies.

I view the developing primary bear market as a great moral drama. It's the market's answer to man's greed and his ability to brain-wash his fellow citizens. The gigantic fiat house of cards is slowly coming undone. Wealth is created by the sweat of man and the brain of man. To create "wealth" by fiat money is fraudulent and against both man and the gods. Great bear markets invariably uncover great crimes. This primary bear market will be of historic proportions and earth-shaking proportions.

###

Richard Russell

[traderabc] 26/5/2010 20:39

[RT Vid] Michel Chossudovsky – The Cure Will Kill Us
May 26th, 2010 by stacyherbert
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Stacy Summary: Michel Chossudovsky on: austerity measures; volatile currencies; solutions as the cause of further collapse; attacks on the euro; war against savings with zero interest rates; increasing rates of poverty; crisis has not yet reached its climax; the current crisis far surpasses the Great Depression; and the Long War.

[traderabc] 25/5/2010 21:33

Eric Sprott On Financial Farcism

Submitted by Tyler Durden on 05/24/2010 17:18 -0500

Eric Sprott


A must watch two part interview of Eric Sprott by BNN, in which the Canadian asset manager shares his views on the economy, financial markets, sovereign overleverage, industrial commodities, and, of course, gold. The man who created the PHYS index to invest in physical gold, is, not surprisingly, not too excited about perspectives for stocks, and markets in general, which he qualifies as a "financial farce." Sprott is, and has been for a while, confident we will retest the March 2009 666 lows in the S&P. Slowly, more and more "experts" are moving to his camp. He also gives an advance glimpse of the topic of his upcoming May missive for all you Sprott groupies.

[traderabc] 25/5/2010 21:15

Don't Go with the Flow



Doug French
Campaign For Liberty
May 25, 2010

Anyone who follows financial markets has to wonder at times, "What are people thinking? How did they come to make those decisions?"

It's hard to imagine that John Muth and Robert Lucas came up with what's known as the "rational-expectations theory," wherein, as explained in Wikipedia,

it is assumed that outcomes that are being forecast do not differ systematically from the market equilibrium results. That is, it assumes that people do not make systematic errors when predicting the future, and deviations from perfect foresight are only random.

[traderabc] 25/5/2010 18:40

25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real



The Economic Collapse
May 25, 2010

If you listen to the mainstream media long enough, you just might be tempted to believe that the United States has emerged from the recession and is now in the middle of a full-fledged economic recovery. In fact, according to Obama administration officials, the great American economic machine has roared back to life, stronger and more vibrant than ever before. But is that really the case? Of course not. You would have to be delusional to believe that. What did happen was that all of the stimulus packages and government spending and new debt that Obama and the U.S. Congress pumped into the economy bought us a little bit of time. But they have also made our long-term economic problems far worse. The reality is that the U.S. cannot keep supporting an economy on an ocean of red ink forever. At some point the charade is going to come crashing down.

[traderabc] 25/5/2010 13:07

Goldman & Their Ilk, Undeclared Enemies of the United States
May 24th, 2010 by stacyherbert
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Stacy Summary: Clip from tomorrow's Keiser Report.

[traderabc] 24/5/2010 00:13

Sunday, May 23, 2010
Jim Rogers there is more corrosion of the Euro from within - Frost over the world aljazeera May 14, 2010




Jim Rogers on Frost over the World Aljazeera english discussing the Greek Meltdown
Speaking about the European plan to bailout Greece Jim Rogers says : I was stunned when I read that because it signals to me that they are giving up on the Euro , they do not care whether the Euro is a sound currency or not , they are saying to the member states spend the money somebody will bail you out , run out big debts do not worry everything will be OK , as far as I am concerned there is more corrosion of the Euro from within "

[traderabc] 22/5/2010 20:40

OTE55] On the Edge with Gerald Celente – 21 May 2010
May 22nd, 2010 by stacyherbert