Thread: coolhand's Account Talk

Originally Posted by TSPIntel

COOLHAND: Bottomline after all these interested info. Are you Bullish or Bear?

TSPIntel, do you read CH's blogs? If not, I highly recommend them. He gives his thoughts on the market as well as excellent market information. They are a "must read."

http://www.tsptalk.com/mb/blog.php?b=1111

Originally Posted by coolhand

Europe's Rate Rise Signals End of Cheap-Money Era

http://online.wsj.com/article/SB1000...NewsCollection

When Taxes Attack: Forced Out by High Taxes

http://www.cnbc.com/id/42437296

A Stark Visualization Of The Treasury Market Deluge Beginning On July 1

http://www.businessinsider.com/treas...#ixzz1IvYzBHwj

CH,

Especially like the graph of what Treasury purchases look like without brother FED buying them.

Kinda looks like Bernanke once again attempted to buy the politicians some time. Looks like the politicians punted.

I mean, $39 Billion is about half a month of FED Treasury purchases under the shadow of the Black Swan.

Delete post

Dozens Dead in Yemen, Egypt, Syria as Protests Shake Region

http://www.bloomberg.com/news/2011-0...ire-talks.html

Corporate Profits Rise to Record Before Quake Curbs Supplies

http://www.bloomberg.com/news/2011-0...bs-supply.html

Too Much Money Too Fast Threatens Emerging Market Stability, Haldane Says

http://www.bloomberg.com/news/2011-0...lity-risk.html

Senate Panel Critical of Goldman to Release Crisis Findings

http://www.bloomberg.com/news/2011-0...cmpid=msnmoney

Stiglitz Calls for New Global Reserve Currency to Prevent Trade Imbalances

http://www.bloomberg.com/news/2011-0...mbalances.html

Obama Puts Taxes on Table

http://online.wsj.com/article/SB1000...LEFTTopStories

The Tea Party's First Victory

http://online.wsj.com/article/SB1000...ctions_opinion

JPMorgan Accused of Breaking Its Duty to Clients

http://www.nytimes.com/2011/04/11/bu...pagewanted=all

The Fed’s “Loose” Money Stance Is Making Credit Tight

http://blogs.forbes.com/johntamny/20...-credit-tight/

Iran's Ahmadinejad fires controversial chief of staff

http://in.reuters.com/article/2011/0...+World+News%29

Japan fails to stop radioactive discharge into ocean

http://www.reuters.com/article/2011/...7FA05820110410

Eurozone ship is on the course that was set for it: heading for the rocks

http://www.telegraph.co.uk/finance/c...he-rocks.html#

Here's Richard Koo's New Blistering Presentation On Why QE2 Has Been A Disaster

http://www.businessinsider.com/richa...-easing-2011-4

Japan Lifts Atomic Alert to Highest Level, Matching Chernobyl

http://www.bloomberg.com/news/2011-0...radiation.html

Oil Falls for a Second Day After IMF Cuts Growth Forecasts for U.S., Japan

http://www.bloomberg.com/news/2011-0...u-s-japan.html

President Open to Deal on Debt Cap

http://online.wsj.com/article/SB1000...DDLETopStories

This Takeover Battle Pits Bureaucrat vs. Bureaucrat

http://online.wsj.com/article/SB1000...toWhatsNewsTop

Obama regrets 2006 debt-ceiling vote

http://blogs.marketwatch.com/electio...-ceiling-vote/

Simon Johnson Explains "What The Banks Did To Us" And Why "Seriously -- Goldman Sachs Can't Fail"

http://www.businessinsider.com/simon...#ixzz1JImHWlV6

US-Pakistan Relations Near Collapse

http://www.businessinsider.com/us-pa...ollapse-2011-4

On CNBC just now, Byron Wien (ex Morgan Stanley), thinks QE3 will not occur after QE2 ends in June, for various reasons, including the fact that the USD cannot be devalued much more without serious damage and inflationary impact. Also said that Government represents 25% (I believe of GDP) and if cutting down the deficit to the utmost (drastically), this could cause another recession down-spiral. He is aware cuts are necessary, but in unison with other tax (loophole) reforms and economic growth measures (my interpretation of his views).

There's no easy way out. The bank cartels destroyed a lot of wealth, not to mention the emotional toll being exacted on millions of families across the country. Pretty sad state of affairs.

Originally Posted by airlift

On CNBC just now, Byron Wien (ex Morgan Stanley), thinks QE3 will not occur after QE2 ends in June, for various reasons, including the fact that the USD cannot be devalued much more without serious damage and inflationary impact. Also said that Government represents 25% (I believe of GDP) and if cutting down the deficit to the utmost (drastically), this could cause another recession down-spiral. He is aware cuts are necessary, but in unison with other tax (loophole) reforms and economic growth measures (my interpretation of his views).

Originally Posted by coolhand

There's no easy way out. The bank cartels destroyed a lot of wealth, not to mention the emotional toll being exacted on millions of families across the country. Pretty sad state of affairs.

Agree, Coolhand. We are in an almost unavoidable downward spiral any way you go. Since deficit spending is about 12% of the economy, the multiplier effect probably means it accounts for about 20% of the economy at present. Withdrawing this extra spending would mean a serious contraction. On the other hand, continued deficit spending will devalue the dollar and ultimately drive up interest rates, as other countries cease to lend us money (already happening). We will really need a combination of higher taxes and drastic spending cuts to restore our financial balance but, in the mean time, we will pay dearly, through a lower standard of living, for living above our means for so long. The only thing I would say is I don't necessarily think it's all the bank's fault for our situation. Everyone who took out loans they couldn't afford, borrowed up to the hilt against the supposed equity in their homes to live above their means, the country spending way above its means to create unaffordable social programs and fight in numerous treasure-sapping foreign wars, etc. - throw in a decline in social morals and ethical behavior and you pretty much are following a modern version of the Roman Empire decline.

I didn't mean to imply that the banks were solely responsible, but so much of what happened ties back to them. And I include the Fed when I say banking cartel. But it's much to large a topic to address on a MB. Volumes have already been written about it and I've posted many articles on the subject for some time now.

You're right, the parallels to the Roman Empire speak for themselves.

Originally Posted by presskh

The only thing I would say is I don't necessarily think it's all the bank's fault for our situation. Everyone who took out loans they couldn't afford, borrowed up to the hilt against the supposed equity in their homes to live above their means, the country spending way above its means to create unaffordable social programs and fight in numerous treasure-sapping foreign wars, etc. - throw in a decline in social morals and ethical behavior and you pretty much are following a modern version of the Roman Empire decline.

Speaking of Bank Cartels...

The Real Housewives of Wall Street

http://www.rollingstone.com/politics...ilout-20110411