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
Ron Paul: Risk Credit
2007-08-30 13:27:00 Here’s a recent piece from Ron Paul, one of the few in Congress who actually understands what is transpiring in the credit markets and the complicity to it of Congress. He is the only member of Congress and presidential candidate willing to stick his neck out by discussing the serious implications of the situation. August 20, ... More About: Politics , Economy , History , Credit , Inflation
Dr. Kurt Richebächer, Patriarch of the ?Anti-Credit Bubble? Crowd,? Dies
2007-08-29 23:58:00 It is with sadness that we pass on to our readers news we just learned, that internationally renowned economist Dr. Kurt Richebächer died earlier this week on Monday at the age of 88. Dr. Richebächer was a great devotee of the Austrian School of economics, and was extremely helpful and accurate in predicting the present breakdown ... More About: History , Credit , Gurus , Anti , Bubble
Implied Long Term Insolvency For U.S. Federal Government
2007-08-29 13:07:00 If you don’t take my word, take that of David Walker, U.S. Controller General, whose been on tour telling the truth about the real Federal deficit vs. the headline number. The numbers used by politicians: $315 and $265 billion in 2005 and 2006. The real numbers: $3.5 and $ 4.6 trillion, ... More About: Video , Global Warming , Economy , Government , History
Buffett Weighs in on Reluctance to Accept Problems
2007-08-28 20:06:00 In one way, I’m sympathetic to the institutional reluctance to face the music. I’d give a lot to mark my weight to ‘model’ rather than to ‘market.’ - Warren Buffett , Fortune, 8/16/07 (On the financial institution practice of valuing subprime assets on the basis of a computer model rather than the free market price.) Share This More About: Quotes , Myths , Problems , Gurus
Are Those Blindsided by Credit Fiasco Still Legit?
2007-08-28 19:59:00 For so long Ben Bernanke at the Fed, the folks at the National Association of Realtors, and on Wall Street kept trying to convince us there was no housing bubble. No out of control prices there, they said. When a slowdown emerged, the common theme was that it was just a return to ... More About: Economy , Credit , Housing Bubble , Currency , Gas Prices
The Credit Unwind Still Strong
2007-08-28 04:55:00 Mystery trader bets market will crash by a third Fed bends rules to help two big banks “If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America’s biggest banks. Fortune’s Peter Eavis documents an unusual Fed move.“ Home Sales Slowest in Five ... More About: Economy , Credit , Inflation , Housing Bubble , Currency
Live Worldwide Streamcast 3:30 P.M. NYT
2007-08-24 21:31:00 We’re live 3:30 NYT to discuss the recent weeks events with the giant credit bubble unwind. Has the Fed been nearly as liquid as many suspect, or have they been stingy? The market seems to think all is ok, but should it be so quick to jump back on the carry trade ... More About: Video , Economy , History , Finance , Real Estate
Plunge Protection Confirmed
2007-08-20 21:26:00 We missed this last week, but the President’s Working Group on Financial Markets (PWG)– a,k.a. the market Plunge Prot ection Team (PPT) — has indeed been busy. “The market turmoil prompted the President’s Working Group on Financial Markets — the Treasury, the Fed, the SEC and the Commodities Futures Trading Commission — to trigger protocols established ... More About: Economy , Finance , Inflation , Housing Bubble
Money Market Turmoil Reminds: Credit Unwind Still Underway
2007-08-20 21:07:00 Concern that money markets may not be so sound as many investors expected, investors have been jettisoning their positions in favor of T-Bills at a level not seen since the 1987 market crash. T-Bill yields have fallen from 4.69 % on August 13 to 2.96% on today’s trading (1:57 p.m. NY) per Bloomberg. ... More About: Economy , Credit , Money , Market , Money Market
The Garbage Man Cometh
2007-08-20 04:32:00 As we write, Asian indexes are rising on the Fed?s half percent cut in the discount rate, and pundits are touting the move as saving global markets. We say ? ?Please!? We also ask the simple question, ?What?s fundamentally really changed?? (Hint ? ?Nothing)! The sub-prime fiasco is far from resolved. ... More About: Economy , Finance , Inflation , Housing Bubble , Currency
Battle for 200 SMA On!
2007-08-17 17:44:00 More than a few traders these days know of a routine where very loud trades enter the market in the final half hour to drive the closing price above comfortable technical thresholds, whatever they may be. From a technical trading perspective, when those support levels are broached, a recalculation of lower expectations takes place, ... More About: Economy , Finance , Crash , Battle , Bubble
VI LIVE. Helicopter Ben Let?s Loose!
2007-08-17 17:04:00 Don’t miss today’s show at 3:30 p.m. NY time, broadcast live worldwide over the internet and available as a podcast download 24/7. Today we’ll discuss the last week’s happenings, from market drops to sudden rebounds, to Fed bailouts, and more unfolding problems in the credit markets. Moreover, we’ll explain why there is still a long ... More About: Video , Podcast , Live , Helicopter
Bank Run! Lines Form at Countrywide
2007-08-17 16:11:00 “Anxious customers jammed the phone lines and website of Countrywide Bank and crowded its branch offices to pull out their savings because of concerns about the financial problems of the mortgage lender that owns the bank.Countrywide Financial Corp., the biggest home-loan company in the nation, sought Thursday to assure depositors and the financial industry that ... More About: Economy , Inflation , Housing Bubble , Currency , Debt
Subprime Ebola Hardly Contained
2007-08-17 16:11:00 Here are a few articles to make the point that the subprime landing is more Hindeburg than soft. ‘Contagion’ is supplanting ‘contained’ as the word to describe subprimes. No Time To Sit and Watch Yen surge continues as carry trade routed Countrywide Financial (No. 1 Home Lender) Taps Last Resort $11.5 Billion Line of Credit First Magnus Financial (the ... More About: Economy , Finance , Housing Bubble , Crash , Bubble
Jim Cramer: Didn?t see it coming, but now has all the answers.
2007-08-17 16:02:00 Filed under the category of “Never trust people who didn’t see it coming to have the solution to the problem,” Jim Cramer appears to have had another Come to Jesus moment about the markets, and again on behalf of the little guy. “Our tale of woe starts not in New York but in flashy places like ... More About: Economy , Inflation , Housing Bubble , Answers
Federal Reserve Doctor Prescribes Credit Addicted Economy More Drugs
2007-08-17 15:52:00 For immediate release Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward. In these circumstances, although recent data suggest that the economy has continued to expand at a moderate pace, the Federal Open Market Committee judges that the downside risks to growth have increased ... More About: Economy , Credit , Drugs , Inflation , Housing Bubble
California Foreclosures Up 24.6%; 95% of Auctions End ?No Bid?
2007-08-17 13:48:00 ForeclosureRadar released its July, 2007 California Foreclosure Report yesterday, and the numbers were not pretty. It shows a total of 8,716 homes sold at auction in July with a loan value of $3.5 Billion dollars, a 24.6 percent increase over June. 95 percent of these, or $3.33 Billion in loans, were returned ... More About: Economy , Real Estate , Foreclosures , Housing Bubble
How Normal is ?Normal? After $460 Billion Central Bank Injection?
2007-08-13 16:59:00 Its difficult right now to get clear figures on what happened last week regarding the world’s central banks injecting fresh money into the system in order to allow the big players to avoid selling off otherwise healthy assets in order to cover for heavy losses related to the unfolding housing debacle in the U.S. lead ... More About: Economy , Commodities , Inflation , Housing Bubble , Currency
Credit Lockup in High Gear
2007-08-13 03:09:00 ?Nothing seems to be working. Previously uncorrelated factors have recently been falling with the same pace, leaving investors with very few places to hide,? said Citigroup analysts in a report to clients last week. Welcome to the payment for the free lunch of easy credit piled upon easy credit. The most recent doses were used ... More About: Economy , Finance , Credit , Housing Bubble , Currency
Credit Meltdown: Live Net Radio Worldwide Streamcast
2007-08-10 17:46:00 Don’t miss today’s show, 3:30 p.m. New York Time, broadcast worldwide on the net. When credit bubbles unwind in earnest, you can expect serious carnage as the house of cards built on the fiction of expanding money supply collapses under its own weight. There are SERIOUS tremors running through the credit markets today in the major ... More About: Video , Radio , Credit , Podcast , Live
Fed Reserve Bailout of Greed Begins
2007-08-10 15:45:00 Well, well. That didn?t take long. As we?ve predicted all along ? the cavalry has come to the ?rescue.? This morning we learn that the Federal Reserve has bought $19 Billion of mortgage backed debt. The is flatly a bailout of reckless lending practices, Wall Street greed, and large hedge funds ... More About: Politics , Economy , Finance , Inflation , Housing Bubble
Say Hello to My Little Friend ? Hyperinflation!
2007-08-10 04:59:00 “The Fed’s going to have to ease…When you take it all the way out, you realize in the end it’s all collateralized by somebody’s house, which isn’t worth what they said it was worth when they borrowed the money for the house.” – Peter Yastrow, market strategist with MF Global, on CNBC We?re not trying to ... More About: Economy , Finance , Real Estate , Commodities , Inflation
Easy Credit and Money Supply Addiction: Paying for the Free Lunch
2007-08-09 22:48:00 The financial wires lead the market plunges today by reporting that BNP Paribas SA, France’s biggest bank, has halted client redemptions from three large investment funds because it was having difficulty “fairly” pricing their holdings in the wake of the sub-prime implosion and the growing reverberations that this ‘tip of the credit bubble iceberg’ has ... More About: Economy , Credit , Money , Lunch , Inflation
China Threatens to go ?Nuclear? by Dumping Dollar
2007-08-08 19:12:00 “You have to remember one thing about the will of the people: it wasn’t that long ago that we were swept away by the Macarena.”- Jon Stewart“There is always an easy solution to every human problem — neat, plausible and wrong.” – H. L. Mencken Those quotes are well worth remembering as politicians scramble to solve the ... More About: Economy , Finance , China , Nuclear , Dollar
Woah! The Jim Cramer Armageddon Alarm Goes Off!!!
2007-08-06 18:17:00 Video: CNBC's Jim Cramer melted down on Friday, revealing a bit of the game that goes on behind the scene on Wall Street -- where folks get rich by printing money out of thin air, and are very dependent on it for their own survival. More About: Video , Economy , Housing Bubble , Currency
Recalibration
2007-08-05 22:59:00 “In a weak world, they (hedge funds) pay the price of all the risk they’ve taken. And that is, they melt down.” – Jeremy Grantham Last week was an interesting one to say the least. G.M, Ford, Daimler-Chrysler, Toyota, and Honda all reported declines in sales from a year earlier. The above quoted and highly respected ... More About: Economy , Finance , Inflation , Housing Bubble , Currency
The Great Unwind
2007-08-03 19:04:00 Earlier this year, we kept hearing mainstream pundits (typically those with a vested interest in the areas they commentated on doing well) tell us that the housing slump had ?hit bottom? — and the sub-prime mortgage fiasco was under control. Well ? each day proves them increasingly wrong. As we have continually cautioned, ... More About: Economy , Finance , Real Estate , Inflation , Housing Bubble
Waiting to Exhale?
More articles from this author:2007-07-30 01:59:00 ?A whole lot of liquidity. Last week was ugly, but not unexpected. After what could just be the beginning of the long awaited market correction due to the unwinding credit bubble ? we think the cavalry will ultimately come to the rescue. To be precise, a more modern cavalry. The ... More About: Economy , Finance , Inflation , Housing Bubble , Currency 1, 2, 3, 4, 5, 6, 7 |
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