It seems to be an almost universal truth that before things can get better, they have to get worse …
“Every time there has been a severe crisis in the last six months, people have said this is the catastrophic event that signals the bottom. They said it after Bear Sterns, after Fannie and Freddie, after [...]
This is a market of interventions and manipulations so is impossible to time it unless you can know in advance what is planned or are just lucky. Many retail investors are staying out. Best of luck to you though.
All thanks to government intervention and non-free market consequences, almost all of my trades went pear shaped [...]
Leh is the biggest bankcruptcy of all time, in the whole world, occurred in Lehman today with 600$ billion in debts. Add to this the world’s biggest insurer AIG being a near certainty of heading for bank-ruptcy at this stage following close behind.
And then for a dash of spice, throw in the fact that [...]
Everything seemed pretty normal at the turn of the century in the housing market 7% mortgages 4 to 5 percent appreciation. Then 911 happened and the Fed (Greenspan) seemed to panic and started lowering the Fed Funds rate. There is usually not a direct correlation between the Fed Rate and mortgage rates.
However as I [...]
Something just occurred to me after reading Weidner’s great article that dealt with new implications of socialisation of the two big F’s: Hank Paulson et al. are market men. Just like Daniel Day Lewis in “There will be Blood” called himself an oil man.
Hank in particular is an investment banker, and so by definition [...]
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