Bear Wisdom

admin — Sat, 24 Oct 2009 15:37:51 +0000

http://www.market-ticker.org/archives/1540-BOOM!-Friends-Of-Angelo.html http://www.latimes.com/business/la-fi-countrywide24-2009oct24,0,2948069.story The question of whether to investigate the VIP program has caused partisan tensions to flare on the committee, culminating this week when Republicans said Democrats locked them out of the panel’s hearing room. Towns on Friday denied that Republicans were ever “denied access” to the room. The panel’s top Republican, Rep. Darrell Issa (R-Vista), who has [...]

Will this ever happen in America?

admin — Mon, 10 Aug 2009 04:56:29 +0000

Apparently the French do not like getting laid off… So they kidnap their bosses, burn down property in their factories, block entrances, and sometimes even ransack police headquarters. LA Times story: http://www.latimes.com/news/nationworld/world/la-fg-france-workers9-2009aug09,0,7784068.story

Is America waking up?

admin — Fri, 07 Aug 2009 03:57:40 +0000

The Fed

admin — Thu, 16 Jul 2009 04:59:12 +0000

Great video on the Federal Reserve from Zerohedge a week ago… http://zerohedge.blogspot.com/2009/07/fed-under-increasing-fire.html

Truth in main stream media

admin — Sun, 05 Jul 2009 18:15:19 +0000

Doom and Gloom? Or a dose of reality?

Bernanke, The Master of Lies…

admin — Mon, 29 Jun 2009 05:21:25 +0000

He’s been wrong and lying since 2005. Back then he was looking and sounding very confident, as the truth was still concealed. The lies are now falling apart. Now he’s looking like crap, worn out, dark bags under his eyes, stuttering, and not sounding confident anymore. And, he’s even lost his memory as he has forgotten [...]

Green Shoots?

admin — Wed, 24 Jun 2009 22:38:05 +0000

Bernanke in hot water Top Republican, Darrell Issa from the Oversight and Government Reform Committee said today, said that the Federal Reserve wanted to hide its involvement in Bank of America’s acquisition of Merrill Lynch as Merrill Lynch’s financial condition deteriorated. The Fed “engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger [...]

Wrong again…

admin — Tue, 23 Jun 2009 21:55:37 +0000

Earlier in the year, the Obama administration forecasted that the unemployment rate would peak at 8% before beginning to fall toward the end of 2009. And Now……. yesterday, the president stated that the US unemployment rate is likely to rise to 10% in the next couple of months. “I think the president has said this, and I [...]

Credit Card defaults hit Record High

admin — Tue, 16 Jun 2009 07:37:04 +0000

US defaults rose to record highs in May, with a sharp deterioration from Bank of America, as defaults rose to 12.5% from 10.47% in April. Credit card defaults tend to follow the unemployment rate, so this rise in defaults should continue throughout the rest of this year. Insider Trading: I guess our politicians really do have [...]

Quantitative Easing: Backfiring

admin — Sat, 06 Jun 2009 08:09:25 +0000

Ben Bernanke fired his last bullet in March by monetizing America’s debt. Following Japan, and the UK’s example, Bernanke thought it would be a good idea to print $300 billion dollars and purchase our own debt. He did this in an effort to keep mortgage rates low, around the 4% level. However, this strategy is [...]