America quickly shifting to a war economy, anybody surprised?
PPT TO THE RESCUE: 24 .5 handle sell off and a over 20 handle back up to the opening range
Investopedia explains ‘Plunge Protection Team – PPT’
“Plunge Protection Team” was the nickname given to the Working Group byThe Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team […]
The stock market has been down for days now, the plunge protection team and the high frequency traders have been trying to prop up the market but has not been successful. The FED has been talking about tapering, all signs looks like they are tapering as the market is falling. To push the market back up the FED says they might not taper. The US government is preparing to invade […]
From Economic Policy Journal:
As I have mentioned many times before, Philippa Malmgren is an insider’s insider.
She was Special Assistant to the President for Economic Policy on the National Economic Council. She was also a member of the President’s Working Group on Financial Markets, aka, the Plunge Protection Team.
Her client list includes every elite corporate firm in the world. (Take a minute to look at the list, it’s mind boggling.) You […]
With the Dow now at its highest level since December of 2007, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN “This is totally unrealistic and unsustainable.” Embry also discussed gold and the mining shares, and what he is doing with his own money, but first, here is what Embry had to say about what is happening in the […]
By David Callaway, MarketWatch
SAN FRANCISCO (MarketWatch) — At some point, the world’s major central banks are going to turn off the three-year spigot of free money supporting much of the world’s economic and market gains these days.
Just not right before a key Greek debt swap on Thursday that could ignite the European crisis all over again.
The Federal Reserve’s signal on Wednesday that it is considering buying more […]
by Charles Hugh Smith from Of Two Minds
You Can’t Fool Mother Nature For Long: Financial Markets
Constant State and Central Bank intervention and manipulation is not the foundation of a free, transparent market–it is perception management in service of Elite control and looting.
You can fool Mother Nature for awhile, but not over the long-term. That’s the theme of the week. Every day I will take a look at a segment of American life […]
From Economic Policy Journal:
Dr. Pippa Malmgren has just posted on her web site her latest analysis of the eurozone crisis. I will point out, again, what I have pointed out in the past. They don’t get more insider than Malmgren.
She served as financial market advisor in the White House and on the National Economic Council from 2001-2002, where she was responsible for financial market issues. She founded Malmgren and Company, […]
With stocks continuing to struggle and the gold holding near the $1,620 area, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked about the action in gold and stocks, Embry responded, “I think a lot of it relates to what’s happening in the stock market. Despite the best efforts of the Plunge Protection Team, […]
One Ounce Of Religious Non-Money Tradition = $1700
So Much For QE2: The Market Indexed For Dollar Devaluation Is Now Back To Jackson Hole Levels
China Enters Bear Market
The Farce Is (Again) Complete: Former Obama Budget Chief Orszag Says Official Economic Projections “Too Optimistic”
Why The ECB’s Monetization Is Doomed In One Simple Chart
China Isn’t Exactly Floating The Yuan But…
Muni Market Prepares For “Hundreds And Hundreds” Of Downgrades Tomorrow
Goldman Hikes Its […]
Highlights from the just released G-7 statement:
G7 Says Will Take Every Action to Stabilize Financial Markets
G7 says it will commit to secure liquidity in market
G7 will cooperate closely on currency market actions
G7 says it will be in close contact next few weeks
G7 says disorderly moves in markets hurt economy
G7 says currency rates should be decided by markets
But the winning bullet point of the year is…
G7 says currency rates should […]
There is only one section of the proposed European Bailout draft statement that is relevant to traders: Section 7, bullet 3 which says: “To improve the effectiveness of the EFSF and address contagion, we agree to increase the flexibility of the EFSF, allowing it to intervene in the secondary markets on the basis of an ECB analysis recognizing the existence of exceptional circumstances and […]