With analysts like S&P putting out such blatant nonsense like my previous blog, you know the system is getting desperate to keep this ship from sinking. Uncle Ben is trying to inject capital in banks at over inflated prices??? We doesn't he give us free capital under similar terms? [more]
First, let me start out by saying that this is the same analyst that hosed S&P readers on SPF as it now trades at $1.00. I have to tell you, prior to me starting to analyze SPF, I never really read an S&P report.....after analyzing SPF in detail for a couple years, it became clear to me that no analyst could put out crap like this and maintain the interest of investors at the same time. [more]
DJ Moody's Downgrades Mohawk Sr Unsecured Notes To Junk [more]
Its all about ideas to help you make better investments. [more]
This is what CAPs started out to accomplish... [more]
On Friday, you were warned that the market indicators were potentially flashing crashing!!!! [more]
A second state has now SUSPENDED tax refunds!!!!! [more]
For the past year...a number of the TMF bloggers have said this blog provided little investment insight. That it was too negative....that it didn't provide much benefit or solid ideas. [more]
In order to meet a $40 Billion dollar deficit....CA is taking serious steps to tighten the GAP including very large tax increases AND spending cuts. [more]
"This ... will be the first quarter ever of negative earnings"
Howard Silverblatt, senior index analyst, at Standard & Poor's. [more]
Wow...I go to lunch and there are a number of unsolicited blogs about me?????? A bit ridiculous don't you think....especially during these trying times???? But since there seems to be interest....for those that want to know...... [more]
Alstrynomics is attempting a technofundemengeopoliticationpsyhchosocialeonometric theory on today's market. ABSOLUTELY NO REAL LIFE DECISIONS SHOULD BE BASED ON IT!!!!!!!!!! [more]
Commodity prices crashing....wages imploding.....businesses shutting down......jobs being slashed ... how do you survive this cycle???.......simple....get to cash and invest in those companies with relatively inelastic demand where costs are falling faster than prices...... [more]
This blog is a continuation of the last one...... [more]
The S&P hits key support at 805 and we get an announcement that some mortgages will be subsidized? Anyone think Goldman and/or other players were tipped off prior to the announcement? [more]
And you thought I was extreme?????? Actually I was being conservative. [more]
From Mish's Blog.... [more]
Yep.... that is my call. [more]
You have been warned....over and over and over...... [more]
This guy can play at Alstry's poker table any day of the week..... [more]
Although I expected this to happen by last summer, we are now in the eye of job destruction and the deterioration is accellerating. Remember, it is that back half of the hurricane that does most of the damage. [more]
If you really want to KNOW how bad things are.....really listen to the first couple minutes of President Obama speech. Listen to how quickly unemployment is skyrocketing....how bad things are and the spillover effects. [more]
HONG KONG (MarketWatch) -- China's wholesale inflation rate fell to minus 3.3% in January from a year earlier, extending a declining trend since peaking out at 10.1% growth in August, according to data released Tuesday by the National Bureau of Statistics.
I think Alstrynomic followers were one of the first to call for DEFLATION on CAPs. Alstrynomics may be annoying, but in large part, it is mostly right.
The generally accepted definition of a Depression is a 10% decline in GDP. Alstrynomic's chief prognosticator Alstry has been calling for a world wide depression for some time. It appears that more and more nations around the world are officially entering into a Depression. [more]
BERLIN (AFP) – The global economic crisis could trigger political unrest equal to that seen during the 1930s, the head of the World Trade Organization (WTO) said in a German newspaper interview Saturday. [more]
If Alstrynomics were going to take on this issue of protecting the banking system....it would primarily insure most of the bank debt out there....it might take on only the most toxic of the debt and create a relatively small "bad bank." [more]
It is terribly funny how many CAPs members fail to distinguish Alstrynomics incredible projections and analysis on the economy and the "end of the world." [more]
This ain't no not never an Alstry quote......it is from President Obama this evening
You think the President might be reading TMF?????
Actually THE GREATEST DEPRESSION call. [more]
Although this blog doesn't discuss political issues too often...you may want to pay attention to developments below.... [more]
In recent months, 300 to 400 foreclosed homes come up for sale each week in Michigan’s Wayne County. And as of Monday, that will no longer be the case. [more]
If people are still losing their jobs.....conditions are getting WORSE...regardless of the rate. [more]
If things ain't moving....the economy is slowing. [more]
Today the Auto Manufacuers reported sales numbers: [more]
I get comments like this all the time... [more]
Feb. 3 (Bloomberg) -- The euro traded near an eight-week low against the dollar before a report that may show European producer prices fell for a fifth month, giving the region’s central bank more room to cut interest rates. [more]
Businessman and philanthropist Ezri Namvar was once a pillar of the local Iranian Jewish community, a trusted friend to whom many in the community loaned freely and without fear.
Now Namvar and his investment company, Namco Capital Group, Inc., are accused of losing as much as $400 million loaned to him.
For the last three months, lawsuits have been filed and extensive negotiations have been taking place to resolve the hundreds of millions of dollars in disputes between Namvar's creditors and the Brentwood Iranian Jewish businessman. On Dec. 22, two dozen creditors filed an involuntary bankruptcy petition against Namvar and Namco.
The petition follows 17 lawsuits filed against Namvar, Namco, entities owned by Namvar and other Namvar family members alleging breach of contract and contractual fraud in a case that attorneys estimate involves 300 to 400 creditors, the majority of whom are Iranian Jews. [more]