SAC Capital goes down hard for insider trading. The lamestream media demonstrates again that it can’t be trusted. Factory orders are mixed.
Existing home sales soften again in September. JP Morgan hols about a record 13 billion Dollar fine, when do we start putting them in jail.
A debt and budget deal seems to be at hand, what idiots. Philly Fed slips less than forecast. A brief history of money, no reserve currency has lasted long.
Shut down means no employment report. The hit parade for the banksters continues with large settlements. Stockton about to exit bankruptcy?
Richmond Fed plunges. Coincident indicators slip. Home prices increase again. 13 banks get sued for LIBOR manipulation including JP Morgan Chase.
State unemployment rates little changed in August. Pew Research shows that Americans think the banksters, wealthy and corporations got most of the bailout money
Beige Book reports steady as she goes. NASDAQ has quote problems again. Wholesale fraud with Mortgage Backed Securities Trusts, but nobody goes to jail.
The banksters look to rape and pillage the City of Detroit and its pensioners. They may be the first, they definitely won’t be the last.
Dallas Fed gains, Durable Goods orders plunge. The Justice Department goes after the criminals but only after the statute of limitations has passed, seriously.
Tapering and Interest Rates After hinting that the Federal Reserve might begin tapering its Mortgage Backed and Treasury Bond purchases later this year in May, the markets spooked and panicked following the June Federal Reserve’s Open Market Committee Meeting after which Fed Chairman Ben Bernanke indicated that if certain economic conditions were met, the Fed […]