from Michael A. Gayed:
The decline in the S&P 500 and worldwide equities has been unrelenting so far this month, as the corrective risks I highlighted Oct. 1 and in every single writing since then have abruptly ended the reflation trade post QE3. On Nov. 5 I began pounding the table to ” forget the elections ” on the stark warning price was signaling through the return of [...]
One can call the BOJ inefficient, slow and for the most part utterly worthless, but one can certainly not accuse them of lying, and beating around the bush. Because unlike all other central banks, with the BOJ at least it has been fully public knowledge that this particular central banks unlike all others (wink wink), is actively engaged in buying equity products, among them REITs and broad equity ETFs (which [...]
The audience is the potential patriot young man who will fight and die to “support our ally in the Middle East,” the ”dumb kid on the block” Jon Carroll calls Lenny.
Jon Carroll’s The Decision to Kill People, February 18, 1998 (SF Gate):
I have been reading about D-Day in Stephen Ambrose’s book of the same name. I have been, therefore, reading about just one day in a long and very nasty war. The [...]
Over the weekend, we observed the perplexing sell off of $56 billion in US Treasurys courtesy of weekly disclosure in the Fed’s custodial account (source: H.4.1) and speculated if this may be due to an asset rotation, under duress or otherwise, out of bonds and into stocks, to prevent the collapse of the global ponzi (because when the BRICs tell the IMF to boost its bailout capacity you know [...]