Picture of the Day - Deleveraging is a Myth
I continue to claim that most banks are insolvent, no matter what creative accounting, fake "stress tests", corrupt governors and the media tries to fool us into believing.
Austerity in Action
Crazy Photos From Yesterday's Greek Riots. Slideshow 22 PICS
Riots In Greece -- Blood, Sweat, Molotov Cocktails, Fire and Beatdowns >>
Probably just a teaser of what's to come, in the US, in Europe?
Riots In Greece -- Blood, Sweat, Molotov Cocktails, Fire and Beatdowns >>
Probably just a teaser of what's to come, in the US, in Europe?
The Order of Things
Work and pay your taxes. Borrow money and pay your interest. Buy and consume. Watch TV. Consume things you do not need and above all, do not forget to borrow money. Watch TV.
Who's keeping track of the 9 trillion dollars?
The exceptional Alan Grayson's insistent and, of course, impossible struggle against sovereignty and world leaders moves on. Entertaining and very disturbing.
Eisman, BarCap, RBS, Goldman
A different form of Activism - Eisman, the eccentric successful psycho for a "hero" from The Big Short is now paying a student loan for a poor student who went to a "for profit" universitiy (ie a pay & play school, but for those who are a bit worse off ) and got no job, so he couldn't pay the rent. Eisman sees a massive short in the sector and pays off the loan to get more attention to those companies' disgusting business model. http://chronicle.com/article/Investor-Who-Criticizes/66083/
Risk Off Risk On - Sentiment study by BarCap where 70% of investors surveyed believe a continued fall in prices / riskoff in Q3. A reason as good as any to buy and believe that 1040 holds. "We recently conducted our regular quarterly survey of market sentiment across our global client base. This quarter’s survey is particularly interesting because it took place at a time of unusual investor uncertainty and increasing pessimism. The general mood of worried uncertainty is reflected in the responses to several questions: following the sell-off of risky assets in Q2 around 70% of clients think that Q3 will see either further short-term weakness or prices remaining close to current levels; only one is six think that we are close to the bottom. Similarly, over 80% of clients think that the EUR is likely to have a further, albeit gradual, decline or to be rangebound; only 4% expect a EUR rally. (It is also worth noting that fewer than 10% think the EUR is likely to collapse.) Unsurprisingly, given the prevailing environment, positions are relatively light: five times as many clients responded that they are running light positions than both large and at limit combined."
RBS, Get Ready for the Cliff Edge - http://pragcap.com/rbs-get-ready-for-the-cliff-edge
More Goldman
Risk Off Risk On - Sentiment study by BarCap where 70% of investors surveyed believe a continued fall in prices / riskoff in Q3. A reason as good as any to buy and believe that 1040 holds. "We recently conducted our regular quarterly survey of market sentiment across our global client base. This quarter’s survey is particularly interesting because it took place at a time of unusual investor uncertainty and increasing pessimism. The general mood of worried uncertainty is reflected in the responses to several questions: following the sell-off of risky assets in Q2 around 70% of clients think that Q3 will see either further short-term weakness or prices remaining close to current levels; only one is six think that we are close to the bottom. Similarly, over 80% of clients think that the EUR is likely to have a further, albeit gradual, decline or to be rangebound; only 4% expect a EUR rally. (It is also worth noting that fewer than 10% think the EUR is likely to collapse.) Unsurprisingly, given the prevailing environment, positions are relatively light: five times as many clients responded that they are running light positions than both large and at limit combined."
RBS, Get Ready for the Cliff Edge - http://pragcap.com/rbs-get-ready-for-the-cliff-edge
More Goldman
BP filing Chapter 11 within a month?
Matt Simmons in an interview in which he predicts that BP, one of the world's largest companies, will apply for Chapter 11 within a month.
http://money.cnn.com/2010/06/09/news/companies/simmons_gulf_oil_spill.fortune/index.htm
http://money.cnn.com/2010/06/09/news/companies/simmons_gulf_oil_spill.fortune/index.htm
Bilderberg meeting in Spain
The Bilderberg group have now gathered in Sitges, Spain, for an informal 3 day meeting for some of the world's most influential individuals - politicians, business leaders, governors, bankers. Furthermore, there are individuals from the very top of the media, intelligence services and military. In short, representatives from the world's economic, political, military and media elite.
Bilderberg Group is an annual, non-official meeting where all participants are specially invited, about 120-130 in number. They meet at a hotel that is emptied of all other guests and where the surroundings around there are completely cordoned off. Security is huge and so also the secrecy.
Only a couple of years back everything about the Bilderberg meetings was considered conspiracies. Today you can no longer deny its existence but the silence from the participants is GRAND and so also from the media (which then continues to not do what they're paid to do, i.e. scrutinize those in power). Those who've attended the meeting and have been confronted about it just denies they've participated or simply categorically refuses to answer the question. Top Secret is just the first name.
Of course it is these peoples full right to meet in private and discuss the issues at any time. However, it is odd to say the least, that those of our elected representatives who attend, either denies their participation or chooses not to say a word on what has been discussed. Even more alarming, but of course not surprising, is that the media do not cover, report and investigate these events and what is covered therein.
Bilderberg Group is an annual, non-official meeting where all participants are specially invited, about 120-130 in number. They meet at a hotel that is emptied of all other guests and where the surroundings around there are completely cordoned off. Security is huge and so also the secrecy.
Only a couple of years back everything about the Bilderberg meetings was considered conspiracies. Today you can no longer deny its existence but the silence from the participants is GRAND and so also from the media (which then continues to not do what they're paid to do, i.e. scrutinize those in power). Those who've attended the meeting and have been confronted about it just denies they've participated or simply categorically refuses to answer the question. Top Secret is just the first name.
Of course it is these peoples full right to meet in private and discuss the issues at any time. However, it is odd to say the least, that those of our elected representatives who attend, either denies their participation or chooses not to say a word on what has been discussed. Even more alarming, but of course not surprising, is that the media do not cover, report and investigate these events and what is covered therein.
