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
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
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
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
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
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
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
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
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
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
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
2011 GDP increases from 3.0-3.6% to 3.4% -3.9% 2011 Unemployment rate declines from 8.9-9.1% to 8.8-9.0% 2011 PCE Inflation increases 1.1-1.7% to 1.3-1.7%
On labor: “Overall, meeting participants continued to express disappointment in both the pace and the unevenness of the improvements in labor markets and noted that they would monitor
NEW YORK (MarketWatch) 09/28/10 — The Federal Reserve Bank of New York purchased $550 million in Treasury Inflation Protected Securities on Tuesday, part of officials’ pledge to reinvest cash from maturing mortgage-backed securities and housing agency debt back into the bond market to support the economic recovery. Dealers offered to sell the Fed
This guy isn’t overly bearish, just realistic.
Cazenove Capital Management’s Robin Griffith sounded incredibly bearish on a radio interview with King World News.
He even thinks the September Effect will be validated — because the real negative historical trend lasts from mid-September to mid-October.
The collapse in the next few weeks will be