Vigilant Investor Vigilant Investor Surfing the Great Credit Bubble and its unwind. Discussions about how your investment evironment and economy are changing. Don't be a fall guy! Articles
Stewards of World?s Reserve Currency ?Too Promiscuous?
2007-10-04 18:50:00 Here’s a good Bloomberg TV interview on what’s going on with rates and the broader economy from a non U.S. perspective, with comments about the U.S. dollar, and in particular, concerns about global inflation. Is the guest correct when he says that printers of the world’s currency are too promiscuous in their efforts to trust? With ... More About: Economy , World , Currency , Reserve , Serve
More Lining up to Back Away from Dollar
2007-10-04 14:26:00 Qatar and Vietnam are now on the list of countries backing away from dollar support. This reaffirms serious problems for the dollar and consumers going forward, and in the case of Vietnam, could lead to a cascade of other Asian nations following suit. Countries worldwide have been accepting hundreds of billions U.S. deficit dollars as ... More About: Economy , Finance , Inflation , Dollar , Currency
Fresh Credit House of Cards to Serve as Foundation for Recovery?
2007-10-04 04:15:00 “A free-market transaction ? be it for real or financial goods ? is a mutually beneficial contract between two or more participants. The buyer pays money for something he considers more valuable than what he surrenders. Likewise, the seller values the amount of money he receives more highly than the vendible goods he offers in ... More About: Economy , House , Finance , Recovery , Foundation
Recession Looming? Or is it Here?
2007-10-02 23:46:00 Pending Home Sales Index Hits Record Low An index that forecasts near-term home sales fell in August to a record low as would-be homebuyers had difficulty getting mortgages. Economists said the housing market’s woes show no sign of improving soon, down 22% from prior year. Ford’s U.S. Sales Plummet 21 Percent Ford’s U.S. sales plummeted 21 percent in ... More About: Economy , Commodities , Inflation , Currency , Debt
Fed Spigot Opened
2007-09-28 16:48:00 It didn’t take long: We publish our comments yesterday — that the Fed’s hand would be forced to add liquidity despite its tightening last week prior to the .50% rate cut. Well, the Fed release updated figures demonstrating that the spigot is open — money supply was up over $20 billion for the week. Meanwhile, inflation indicator ... More About: Economy , Inflation , Opened , Bubble , Pene
Middle of Road Bernanke Hit by Two-Way Traffic
2007-09-28 00:06:00 ?Some economists argued that inflation may have helped Germany by stimulating the building of capital plant and the rationalization of industry. But much of this investment proved to have no value except in the dream world of inflation. Most of the inflation combinations fell apart after stabilization. On the whole, much energy and wealth was ... More About: Economy , Finance , Traffic , Commodities , Inflation
Inflation Expectations too Low? You bet they are!
2007-09-25 13:51:00 “Representative Barney Frank, the Massachusetts Democrat who chairs the panel, said in an e-mailed statement he was “pleased” with the cut. Frank called on Sept. 7 for a “meaningful” easing. Still, he said yesterday he was “surprised” the Fed continued to note concern about inflation.” That sort of naivety displayed by Barney Frank is precisely what ... More About: Inflation , Housing Bubble , Expectations , Flat
Big Al Greenspan on the Daily Show
2007-09-21 13:04:00 Here’s Al being interviewed by Comedy Central’s John Stewart. Stewart asks some tough questions about the economy, free markets, and how the Fed’s actions push activity some ways and away from others. Greenspan glosses over Stewart’s questions by defending the Fed in near classic Keynesian terms: (I paraphrase) The animal spirits of the fallible population ... More About: Economy , Daily , Show , Daily Show
?Fair Share? Confiscation & Wealth Protection
2007-09-20 13:03:00 Those looking to protect themselves from massive currency inflations that are required to keep asset and credit bubbles afloat (a method that itself has limits before it theoretically collapses under the weight of its own fiction) were hit with a surprise announcement today: Alberta Panel Recommends Higher Oil, Gas Royalties Notes Bloomberg’s Ian McKinnon: Share This More About: Economy , Finance , Wealth , Fair
Saudi Shift Suggests Major Dollar & Rate Woes
2007-09-20 04:37:00 Looks like the Saudi s are backing off support of the dollar by refusing the match the Fed Funds rate cuts — a major break given the oil rich nation deals with massive amounts of petro dollars. Recent dollar declines have telegraphed impending issues, and as suspected, the liquidity injections and now the Fed Funds ... More About: Economy , Dollar , Shift , Major
Grant on The Meistro of Turbulence
2007-09-19 15:37:00 Interest rate pro, James Grant , who is among the few who predicted accurately that the credit markets would be in for dire problems well in advance of the current mess, has a WSJ review of Greenspan’s new biography, “The Age of Turbulence“. We’ve not yet read the book ourselves, so we can’t fully comment other ... More About: Economy , Finance , Book Review , Gurus
Fed Funds Cut Less Than Advertised
2007-09-19 13:14:00 Its been pointed out by many an expert that the Fed doesn’t set the market, it only reacts to it attempting to keep things in line when it comes to rates. However, in the end, the markets determine what rates will be. As such, for many on Wall Street who pay attention to this, it ... More About: Economy , Finance , Inflation , Currency , Funds
Marc Faber, Jim Rogers Weigh In on Crisis
2007-09-18 22:03:00 We’re big fans of Dr. Marc Faber’s economic analysis. You can watch him from earlier today over at Bloomberg. Pay attention to all of his comments. Note Faber’s comment that a .50% rate cut would be suicidal. Folks, a few hours after his interview, we got a 50 bp rate ... More About: Video , Economy , Finance , Inflation , Housing Bubble
Northern Rock: Bank Runs and Inflationary Responses
2007-09-18 16:55:00 Investors seem happier than customers as, in the wake of a bailout and over £4 billion being injected by the BOE, Northern Rock ’s shares climbed — despite the fact that depositors continued to line up to get their deposits from the bank: Pensioners Peter and Doria Watson, from Claygate, Surrey, said they did not ... More About: Economy , Inflation , Currency , Debt
Credit Crunch Still in Early Innings
2007-09-18 13:56:00 The Washington Post has a decent article that explains how perversions that crop up on the back of credit expansion have a serious cost in human terms. A free lunch today must be paid for tomorrow, which is why you avoid being suckered by free lunches coming from anyone — the Fed ... More About: Economy , Credit , Early , Crash , Bubble
Run on Northern Rock AFTER BOE Bailout Prompts Govt Guarantee
2007-09-18 02:13:00 If you’ve not yet been paying attention, now is about time. Defying a tradition of arm’s-length and “insured deposit” protocol, the U.K. Chancellor of the Exchequer, Alistari Darling, said the U.K. government is ready to guarantee all deposits held with British mortgage lender, Northern Rock , if necessary. That’s because, after bluffing from ... More About: Economy , Prompt , Govt
Fed?s Subprime Solution Ain?t So Special
2007-09-17 19:06:00 “The subprime mortgage crisis of 2007 is, in fact, a credit crisis - a worldwide disruption in lending and borrowing. It is only the latest in a long succession of such disturbances. Who’s to blame? The human race, first and foremost. Well-intended public policy, second. And Wall Street, third - if only for taking what ... More About: Economy , Inflation , Housing Bubble , Currency , Special
Live Worldwide Streamcast 3:30 p.m. NYT
2007-09-14 21:25:00 Don’t miss today’s episode of Vigilant Investor Live. Today we’ll discuss: “Recession” Now a Mainstream Prediction Bank Runs in Britain! Economic Warning Signs all Around! Greenspan still in Denial Argentina on the Brink (Lessons for the U.S.! She’s Back! Hillary Care on the docket! And more. Tune in. Talk. Chat. Etc. Share This More About: Economy , Inflation , Housing Bubble , Podcast , Currency
Manna From Fed Heaven Bites Back
2007-09-14 13:02:00 “The Fed owes its public a forthright accounting of the risks it runs with the policy it pursues. I mean the risk that it picks the wrong interest rate, one that sets in motion a train of adverse events unimagined by the people who imposed the rate in the first place. In all things economic ... More About: Economy , Heaven , Back , Debt , Crash
Is Gold Money? Players Appear to be Asking
2007-09-14 01:26:00 That’s the economic question we suspect will be asked by more and more economic pundits, and we can’t help but notice recent developments in the price of this disrespected relic. The economic issues surrounding gold are numerous, its history being a long tale predating the Pharos who buried themselves with it, through Rome and ... More About: Economy , Players , Money , Gold , Layer
Hard Landing, Ahoy!
2007-09-13 14:51:00 So much for Goldilocks and soft landings into perpetuity, which is what so much of Wall Street appeared to have come to believe in. That’s Noureil Roubini explaining that the crisis is not just one of credit, but of insolvency. We’d say its going to be far deeper than Roubini expects for reasons explained ... More About: Economy , Housing Bubble , Myths , Hard , Debt
Geopolitical Tensions Hitting the Economic Front?
2007-09-13 02:34:00 Putin Dissolves Russian Government. Looks like Putin is prepping the system for his hand picked successor. Say what you might about Vlad, he’s definitely looking out for Russia’s power interest firsts. Clearly a Russia Chinese pact has formed in order to offset the hemispheric influence of the United States on what is ... More About: Economy , Oil , Debt , Front , Economic
Give a man a job! Stupid policy begets lousy results.
2007-09-11 21:53:00 That’s Jimmy Durante in 1933 during the Great Depression. He was hired by FDR’s National Recovery Administration (NRA) to urge those not wanting to waste their limited resources to willy-nilly hire those without work as a policy to get the economy going. Such inanity completely failed to recognize that the Great Depression was ... More About: Economy , Results , Stupid , Policy , Give
?And You Can Kiss it Goodbye!?
2007-09-10 01:52:00 ?And you can kiss it Goodbye!? — Former Pittsburgh Pirates broadcaster, Bob Prince The legendary Bob Prince would utter that call, as Pittsburgh Pirates hitters of a bygone era would knock ?em out of the ballpark. Today, you can say the same thing about ... More About: Politics , Economy , Finance , Kiss , Real Estate
China Dumping Treasuries?
2007-09-08 20:31:00 Is China quietly offloading the dollar? That’s the been the speculation this week on Wall Street and other financial centers as data released by the New York Fed Reserve shows that foreign central banks reduced holdings of US Treasuries by $48bn since late July, with $32bn having been unceremoniously offloaded in the last two weeks ... More About: Inflation
Live Worldwide Streamcast 3:30 P.M. NYT
2007-09-07 21:32:00 Today on Vigilant Investor Live we’ll be discussing: More on the credit meltdown Big Al Greenspan’s recent comments about bubbles… Iran? Is it on the list? Whose dumping Treasuries? More dollar repudiation? Oil and Gold And more! Tune in! Call in. Chat. Click the talk live logo above! Share This More About: Finance , Commodities , Inflation , Housing Bubble , Podcast
E? morto Luciano Pavarotti
2007-09-06 16:23:00 Addio, Luci ano . Rock on. Share This More About: Gurus , Luciano Pavarotti , Pavarotti
Newswire: Credit Bubble Unwind Continues
2007-09-06 03:50:00 A list of articles worth reading on why the credit bubble unwind still has lots to resolve... More About: Economy , Credit , Bubble , Unwind , Conti
Real Estate Rescue
2007-08-31 19:14:00 Bush is claiming his bailout for subprime borrowers is not a bailout for big financial interests and rich hedge fund investors or reckless borrowers. But in this sinking ship, there’s no question all are tied to the other. Were subprime borrowers — many of whom got into a mess by either allowing themselves to ... More About: Economy , Estate , Real Estate , Real , Rescue
?Eforcement Events? at Strectched Funds Lead to ?Firesales?
More articles from this author:2007-08-30 16:49:00 Bad news this a.m. as analysts at Royal Bank of Scotland estimate that forced asset sales from two struggling SIVs and four troubled SIV-lites mean assets with a face value of up to $43bn worth are at risk of flooding on to the markets, according the the Financial Times. Such ongoing fresh news ... More About: Economy , Events , Finance , Real Estate , Commodities 1, 2, 3, 4, 5, 6, 7 |
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