Tag Archives: Geithner

Understanding the Government Manipulated Credit Market Evolution

The fall and financial destruction of 2008 launched a brand-new era for the credit markets. An era marked by government intervention and outright manipulation all committed in broad daylight under the protection of financial apocalyptic prophecies. Our self-styled financial superheroes (Treasury Secretary Geithner and Fed Chairman Ben “Helicopter” Bernanke), wield their collective financial imagination and money printing press like Thor’s […]

US$ vs. Gold Prices: A Little Perspective, Obama 2010 Budget, $1.9 Trillion Increase in Debt Ceiling

Perspective: US$ vs. Gold -US$ tops out on March 2nd, 2009 and declines by 18% at the low on December 1st. -During the same time period (March 4th – Dec. 3rd) Gold prices rise 34.8% -From Dec. 1st to Jan. 29th the US$ rallies 6.5% while Gold prices fall 12.28% -The US$ rally has failed to break above the 200-day […]

SEC Approves New Money Market Regulations; Motives Questionable, ZeroHedge Strengthens Case For Gold

The following is from www.zerohedge.com.  This piece is so profound that a reprint is required: The SEC passes regulation that only STRENGTHENS the case to own Gold Suspending Money Market Redemptions Is Now Legal; SEC Approves New Money Market Regulation In 4-1 Vote… …Well, in a nearly unanimous vote, Money Market Funds now have the ability to suspend redemptions, courtesy […]

Precious Metals: A Minuscule Market, BLS Jobs Report Worthless, Obama Continues to Increase Spending, U.S. Treasury Zero-Rate Auction

The volatility of precious metals prices will continue to astound. For those requiring a courage boost, I offer the following information as succor… The Precious Metals market is minuscule – Matterhorn Asset Management The graph below shows how small the gold and silver industries and markets are in relation to major US corporations and to total world financial assets. The […]

Sept. Housing Data, PPI, Russia and China Talk of Replacing the US$ on energy Trade, UK Real Estate Heats Up

More economic numbers out this morning that suggest a continuation of the status quo. The Fed can point to the PPI numbers and pretend there is no inflation… September Core PPI Y/Y +1.8% vs +2.0% consensus, prior +2.3% September PPI Y/Y -4.8% vs -4.3% consensus …So rates can remain low to help the listless housing market… September Housing Starts 590K […]

The Inflation Trade, Alcoa EPS, Obama’s New Stimulus Plan, Australia’s Interest Rate Increase, Commercial Real Estate Woes

Today we are going to follow the footprints of the hyper-inflation/stagflation trade that I have been writing so much about. By simply understanding the impact of the important news stories and avoiding the noise of the traditional media outlets, tracking our quarry will be relatively easy. AA Alcoa beats by $0.13, beats on revs (14.20 +0.31) Reports Q3 (Sep) earnings […]

Taking Control of the Things We Can

Earlier this week, after wrestling with the spate of painful economic news provided by major media, I recognized that I had no immediate control over any of the massive economic concerns. The stock market zigged when I hoped it would zag. Unemployment numbers, often reported differently, moved at different paces in the undesirable direction. Our federal deficit grew, which increased […]

Thomas J. Powell – Reasonable Regulation: That’s Allstate’s Stand

Reasonable Regulation: That’s Allstate’s Stand             Many companies involved in financial services cower when an official of any stature mentions the threat of national regulation, but Allstate has decided to embrace it. Since late April, Allstate has been pushing an advertising campaign that is rooted in support for creating a national regulation agency for all players in the financial industry, […]

Cash for Clunkers Part II: Dealers Have Clunkers, No Cash

Cash for Clunkers Part II: Dealers Have Clunkers, No Cash             In last week’s first Cash for Clunkers installment, Cash for Clunkers Part I: Good for Businesses?, I discussed the potential threat the program poses for small businesses. This week I am presenting Part II.             Auto dealers across the country have been accepting qualified jalopies from consumers in exchange […]