Global markets finished up strongly overnight on the release of ‘strong’ global manufacturing data. Why do we think this is a bear market rally? We’ll get to that in a moment. First, let’s take a quick look at the bear’s recent work.
February 2nd, 2012 | Greg Canavan | 2 comments | ContinuedAll Posts Tagged With: "j.p. morgan"
Metals Manipulation, Machinations, and Assassinations
Every now and again, something comes up that is so curious it just needs to be mentioned, regardless of how paranoid it makes us look. The emerging scandal over manipulation of the silver market is one of those things. Some have said it is the largest fraud in history.
April 16th, 2010 | Nickolai Hubble | 29 comments | Continued
BIS Snubs Greek Bonds
Uh oh. Just when you thought it was safe to jump back into Greece again, news comes that Greek borrowing costs have soared above 7% interest. AFP reports that, “Taxi drivers and lawyers have begun strikes against planned budget cuts.” Yet the important news here is that despite the assurances of loans from the EU, market investors are making the Greeks pay to borrow.
April 15th, 2010 | Dan Denning | 3 comments | Continued
The Three Horsemen of the Global Apocalypse
Today Robb wrote about “The Three Horsemen of the Global Apocalypse.” He writes that, “There’s some confusion relative to whether the depression (D2 in shorthand) is over or not. It’s not.
April 7th, 2010 | Dan Denning | 2 comments | Continued
Obama Lets Zombies Loose on US Health Care Industry
This new reform measure just increases the weight. Now, there’ll be more parasites than ever. Health care is about to turn into a zombie industry…run by brain-dead bureaucrats…
March 24th, 2010 | Bill Bonner | 1 comment | Continued
Debt Drugged
Governments and central banks have managed to engineer some more spin, but only at the expense of piling more debt on top of the already wobbling structure.
March 6th, 2010 | Nickolai Hubble | 2 comments | Continued
Does Greece 2010 = Austria 1931?
Being part of the Eurozone, Greece does not have the option to devalue. Granted, such a policy is not a panacea. Interest rates would skyrocket and asset prices plunge.
February 18th, 2010 | Greg Canavan | 2 comments | Continued
Gold is Money
Gold’s recent breach of the symbolic US$1,000 level has elicited a predictable amount of commentary from mainstream analysts. The problem is, much of it is ill-informed.
September 15th, 2009 | Greg Canavan | 0 comments | Continued
The Destruction of the Dollar by the Federal Reserve
Then, on the “quiet 23rd of December in 1913″, J.P. Morgan and buddies got Congressional quislings to pass legislation authorizing the creation of the Federal Reserve, and to which I add that the jerk Woodrow Wilson then signed it…
September 1st, 2009 | Mogambo Guru | 1 comment | Continued
The 1907 Panic
It is worth studying the 1907 panic. It was a global panic, though not the first panic to have a global character. The French Mississippi Bubble and the English South Sea Bubble both burst in 1720, and that was nearly two centuries before the panic of 1907.
April 30th, 2009 | William Rees-Mogg | 1 comment | Continued
Citi Reports $4.69 Billion in Fixed Income Trading
So the banks have returned to profitability have they? That was the theme on the market last week. And if it were true, a recovery in bank balance sheets is just the sort of thing that might precede a recovery in the economy. But it probably isn’t true. Here’s why…
April 20th, 2009 | Dan Denning | 22 comments | Continued
The Geithner Plan
Investors appeared to absolutely love the U.S. Treasury Secretary’s plan to subsidise private sector purchases of toxic bank assets. The Dow closed up nearly 500 points, or 6.8%. The S&P closed up seven percent. The move gave stocks in New York their best two-week gain since 1938, according to Bloomberg.
March 24th, 2009 | Dan Denning | 8 comments | Continued
We Are Such Optimists
After the initial lows were hit in the Crash of 1873, a rebound continued until May of the following year. After the Crash of ’29, the rebound continued until late April of the following year. In the case of the 1873 sell-off, the final low was not hit until four years later, and in the case of the ’29, the final low was hit in 1932, with stocks 90% below their peaks.
February 27th, 2009 | Bill Bonner | 0 comments | Continued
U.S. Government Has Bought into 9 Major U.S. Banks
Yesterday, Paulson said he wanted to take over the banks “as soon as possible.” Today, Bloomberg says the U.S. government has already bought into 9 major U.S. banks…
October 15th, 2008 | Bill Bonner | 2 comments | Continued
Where is J.P. Morgan When We Need Him?
In October, 1907, J.P. Morgan was 70 years old…and attending a church meeting in Richmond when the importance of the sacred was disturbed by the urgency of the profane…
October 13th, 2008 | Bill Bonner | 1 comment | Continued
