from a CNBC interview on January 3rd, 2013
U.S. Debt Crisis- How High Will It Go
Here is why the US debt must grow every year and why it is mathematically impossible for it to continue forever.
Obama: ‘The Rich Still Aren’t Paying Their Fair Share’
Happy New Year from Dear Leader. Obama on the cliff.
Max Keiser: 2013, Year of The Great Crash
Biderman’s Daily Edge: Expect Immediate Negative Impact From Higher Taxes
Grover Norquist – COMING – ‘$3 TRILLION TAX INCREASE ON MIDDLE CLASS’
“After raising taxes on the rich a little bit, the Democrats will come back for serious tax revenue,” he said. “In acts two and three, the Democrats will come back for the real money – an energy tax and a value-added tax that [...]
FORSYTH, Ga. (CBS Atlanta) — The reverend who gave the benediction during President Barack Obama’s inauguration said America is “going to hell,” and white people may go with it.
Rev. Joseph Lowery, 91, made the comments at St. James Baptist Church in Forsyth, Ga., as part of a Southern Christian Leadership Conference tour to encourage African-Americans to vote for Obama, according to the Monroe County Reporter.
The paper reports that Lowery apparently told parishioners [...]
The Doc sat down with the Golden Jackass himself Monday for an exclusiveMUST LISTEN interview.
Willie informed The Doc that it appears that Morgan Stanley was used by the cartel to prevent a collapse in treasury bonds in 2010, and believes that Morgan Stanley was set up at the time by cartel banks as the next major financial firm to fail.
Morgan Stanley put on $8 TRILLION in interest rate swaps in the first half [...]
Check this out! 13 year old goes on crime spree.
HILADELPHIA (CBS) - Police sources tell Eyewitness News, the young suspect wanted in connection with a series of armed robberies in Southwest Philadelphia is now under arrest.
Eyewitness News learned, tips from the public helped investigators identify the suspect Tuesday night. Then on Wednesday morning, detectives tracked down and arrested the suspect at a deli at the corner of Farragut and Chestnut Streets.
It might sound CRAZY when I say that Greek stocks could become a good LONG TERM investment soon.
However, from a real contrarian point of view, it might not be that crazy.
The Greek stock market has lost 93.3% from its top in late 2007 to its recent low. Yes that’s correct: 93.3%!
When we look at the Dow Jones in 1929, we can see a similar move: From the top [...]
Olympus shares slide 2.4 pct vs 0.3 pct dip in TOPIX
* Arrests mark ‘a day to remember’ – ex-CEO Woodford (Adds quote from ex-CEO Woodford)
By Mayumi Negishi and Nobuhiro Kubo
TOKYO, Feb 16 (Reuters) – Four months after one of Japan‘s biggest corporate scandals, police and prosecutors on Thursday arrested seven men, including the former president of Olympus Corp and ex-bankers, over their role in a $1.7 billion accounting fraud at [...]
Goldman Sachs has published a semi-secret 54-page report for hedge-fund clients arguing that the world’s going to hell and recommending ways to cash in.
The WSJ’s Susan Pulliam and Liz Rappaport got their hands on a copy.
The report is not an official Goldman research report.
It’s an unofficial Goldman research report–the kind you really want to read.
In the report, Goldman strategist Alan Brazil argues that:
European banks need $1 trillion of capital [...]
Watch the latest video at video.foxnews.com
GRETA VAN SUSTEREN, FOX NEWS HOST: I wanted to talk to you about the recent news about Pakistan and China. But first I want to ask you about your tweet. I can’t resist. A recent tweet from you, on your Twitter account, says, Barack Obama played golf yesterday, now he heads to a 10-day vacation in Martha’s Vineyard, nice work ethic.
By Greg McCoach
Get ready. We are now entering the final stages in the collapse of the U.S. dollar…
And it’s not going to be pretty.
The massive increases in money supplies will tank the value of the dollar and erode the very fabric of America’s economic security.
As a result, gold and silver prices are will no doubt skyrocket, despite the short-term major volatility we’ve recently seen.
Many investors have been rushing to [...]
To see the prevailing schizophrenia gripping the two different sets of mindsets in the market right now, look no further than than the surging divergence between equity vol and implied correlation (VIX, JCJ) and credit vol (via swaptions: USSV011). The chart below shows that even as equity traders are going full retard into QE2, and expecting the Fed’s Brian Sack to expense their purchases [...]