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 February 5, 2009
If you haven’t seen Rep. Gary Ackerman crucify three senior SEC members for ten minutes it’s a must see. Start at the 00:24:10 mark. What is infuriating to many people is the SEC’s response to being called out by Ackerman. They deflect, diminish, and claim executive privilege. Their response makes perfect sense when one understands [...]
Posted in Banks, Market Manipulation, SEC | Tagged BSC, LEH, MS
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 13, 2008
As money flows from the regulated market to the unregulated market, we are now recreating the conditions that existed immediately before the Great Crash.
Posted in Meltdown, SEC | Tagged BSC, LEH, MS
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