By GTM on May 9, 2010
Make no mistake about the crash on Thursday. Unless you hear “international banks” and “leverage” and “unwind” in the same sentence, it’s not a valid explanation.
Posted in Market Manipulation, Meltdown | Tagged AIG, FAZ, Fed, GLD, GS, HBC, JPM, SLV
By GTM on April 20, 2009
Liquidity is to the capital markets what oil is to an engine. The engine is running out of oil. Even PPT Mobil 1 has performance limits.
Posted in Meltdown, Most Popular | Tagged AIG, DIA, GS, JPM, MS, PPT, QQQQ, SPY
By GTM on March 20, 2009
Official speeches to assure investors and prop up the markets have routinely come ahead of financial disasters.
Posted in Meltdown, Most Popular | Tagged AIG, BAC, BSC, CBS, CFR, DIA, JPM, LEH, Media, MS, PPT, QQQQ, SPY
By GTM on November 11, 2008
“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident.” -Arthur Schopenhauer Many of us right now want to be “realistic” and believe the financial system will correct itself. The optimist in us, with a lifetime of programming, thinks things will get back to [...]
Posted in Banks, Federal Reserve, Monopoly | Tagged BAC, GS, JPM, MS
By GTM on October 20, 2008
It is said that history has a way of repeating itself. People in the United States will do well to understand Argentina’s banking failure in December 2001.
Posted in Meltdown | Tagged C, CFR, JPM
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