Seabed Fissures And The Gulf Of Mexico Oil Disaster

| June 14, 2010

Rick’s Picks  Monday, June 14, 2010 “Phenomenally accurate forecasts” We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, […]

U.S. Bankruptcy Rate Near 5-Year High

| June 4, 2010

By Jonathan Stempel NEW YORK, June 3 (Reuters)     The pace of U.S. bankruptcy filings edged up in May to the second-highest daily level since 2005, reflecting the difficulty Americans have in working off excess debt even as the economy improves. There were 133,459 U.S. bankruptcy petitions filed in May, 10 percent more than a year […]

Let’s Go Over This Again…..The Resilient Household Is Prepared For Unknown Events…..Water, Food And Energy Are Somewhat In Our Control And We Should Stock Pile These Items, Financial and Health We’ll Try And Do Our Best With. In A World With More And More Outlier Events Occuring, Let’s Face It, Anything Can Happen. Next Up would likely Be A Large Earthquake On The West Coast Of The United States And Most likely In California. A Nuclear Alternative To Shut Down The Gulf Of Mexico Oil Well Blowout Could Trigger Unforseen Events With Unknown Consiquences! If This Happens, We Will Have One More Outlier Event On Our Hands. Hopefully It Can Be Cleaned Up!

| May 31, 2010

Are You A Reseilient Household?

| May 30, 2010

Another Outlier Event…..Hundreds Die As Temperatures Reach All Time Record Of 122F In Indian Heat Wave

| May 30, 2010

Hundreds Die In Indian Heatwave Sunday 30 May 2010 Death toll expected to rise as India faces record temperatures of up to 122F in hottest summer on record. Record temperatures in northern India have claimed hundreds of lives in what is believed to be the hottest summer in the country since records began in the […]

British Petroleum Says “Top Kill” Fails…..Matt Simmons Tells Bloomberg Only Way To Contain Oil Leak Is With Small Nuclear Bombs

| May 29, 2010

  BP said its latest effort to plug a mile-deep oil and gas gusher in the Gulf of Mexico with drilling fluids has failed in stemming the flow of hydrocarbons.  We now have another outlier event unfolding. By Tyler Durden on 05/29/2010 In his May 28th interview with Bloomberg’s Mark Crumpton and Lori Rothman, Matt […]

The Steep Fall In The Money Supply Matches The Average Decline From 1929 To 1933

| May 27, 2010

This is not good any way you cook it……..The pundits are buzzing about the rapid decline in the money supply of late. The latest catalyst for the chatter is a story yesterday in the Telegraph, which ran this provocative headline: U.S. money supply plunges at 1930s pace as Obama eyes fresh stimulus.The story goes on […]

Volcano Air Travel Disrupted Over Europe Again

| May 10, 2010

Gordon_Gekko    05/10/2010     Satellite photo of Iceland’s Eyjafjallajökull volcano May 7th, 2010 (via NASA Earth Observatory)  I know right now everyone is focused on the drama playing out in Europe over Greece et. al., but there is another little sideshow being produced over there by Mother Nature which has the potential to take centerestage and […]

Is the Federal Reserve Behind The European Bailout?

| May 10, 2010

By Larry Doyle|May 10, 2010, 12:57 PM|Author’s Website   Is the American taxpayer ultimately bailing out the European Union? Far fetched? Don’t be so sure. While the focus of the European bailout is on the European Central Bank, the European Union, and the IMF, little attention is being given to swap lines which were reopened […]

Morgan Stanley’s Stephen Roach See’s Increasingly More Frequent And More Dire Crises Coming Up

| May 10, 2010

Tyler Durden    05/10/2010   Morgan Stanley’s Stephen Roach spoke with Bloomberg’s Tom Keene earlier, pointing out the most troubling statistic about recent market activity, which has to do with both the frequency and amplitude of catastrophes: “The crises are coming with greater frequency. Over the last 25 years we have had an average of one […]

Why The Center Cannot Hold……John Mauldin’s “Outside The Box”

| May 7, 2010

Risks associated with the fiscal deficits. And by the way, we should note that 25 of 27 European countries are running deficits in excess of 3% of GDP. Ireland has a deficit of 14.3%. Portugal is at almost 10%. Greece is almost 14%. Here is a table from Variant Perception in London, from data from […]

The Credit Default Swaps “Roulette Wheel”…..Jim Sinclair Shares His Opinion

| May 7, 2010

The solution is the problem. “Main Street is in the hands of a Roulette Wheel.”    The name of the “Roulette Wheel” is Credit Default Swaps. It does not matter what the G-7 or the G-20 does. It does not matter what the IMF, ECB and Fed under a beard do. Mrs. Merkel’s foolish political […]

Oops…..Hit The Wrong Button At The Market Trading Desk, Run Baby Run

| May 6, 2010

http://www.greenfaucet.com/

Here Are Some Comparisons Of The Exxon Valdez Tanker Spill Back In 1989 Vs. The Horizon Deepwater Blowout Currently

| May 2, 2010

Here are the comparisons of the Exxon Valdez tanker spill vs. the Deepwater Horizon well blowout…………..If the 25,000 barrel-a-day estimate is accurate (it may turn out to be conservative) and the leak lasts for 90 days, that would total 2.25 million barrels, or 94.5 million gallons vs. 11 million gallons for the Exxon Valdez tanker disaster.  The […]

Stratfor……China’s Challenge

| March 9, 2010

China’s Challenge March 9, 2010 | 0958 GMT   By Jennifer Richmond and Rodger Baker China’s National People’s Congress (NPC) remains in session. As usual, the meeting has provided Beijing an opportunity to highlight the past year’s successes and lay out the problems that lie ahead. On the surface at least, China has shown remarkable […]

SULTANS OF SWAP…..Fearing The Gearing!

| March 9, 2010

SULTANS OF SWAP:  Fearing the Gearing!  Ever imagine getting your tie caught in a mechanical set of gears (sorry ladies – but I will spare you). The results are nasty! Now you know what the Sultans of Swap in the $695 Trillion global OTC derivatives market feel like. Every day the slow moving gears of […]

The Middle Class Financial Compact Being Washed Away – Income Dilution and the Saving Disparity- 57 Million Households Live On $52,000 Per Year Or Less.

| March 3, 2010

The middle class is finding itself struggling to keep what was once seen as staples of a burgeoning working class in our country.  Part of this battle has come from a system that has rewarded easy finance on the backs of the working class.  Take for example residential real estate.  For decades, this was probably […]

Jim Sinclair Says….New York State’s Reduction Of Their Revenue Estimate Is A Fairy Tale. It Is Going Much Lower Than This Figure Would Indicate.

| March 3, 2010

NY State Cuts Revenue Estimate By $850 Million Posted March 3, 2010 NEW YORK (Reuters) – New York Governor David Paterson and the state legislature have agreed to reduce their revenue forecast by $850 million for the next 13 months, a state report said on Tuesday. The Democratic governor in February cut $750 million from […]

We As Well As The Entire Western World Are Falling Off A Cliff And The CDS Market Is Already Decimating State Debt!.

| March 3, 2010

Indiana Puts 17th Notch In Revenue Shortfall Belt By Eric Bradner Posted March 2, 2010 at 11:45 p.m. INDIANAPOLIS — Indiana now has had 17 consecutive months of bad fiscal news. The latest revenue report on Tuesday showed the state took in $85.5 million less in taxes in February than was predicted less than three […]

Up To 5,200 Los Angeles Schools Workers Could Face Layoffs!

| March 3, 2010

The Los Angeles Unified School District’s board voted Tuesday to send notices of possible layoffs to nearly 5,200 teachers and other workers while urging union leaders to negotiate concessions that could make some of the cuts unnecessary.  Members on Tuesday discussed cutting the pay of its nearly 40,000 full-time workers and shortening the school year […]

A Noval Plan…..15,000 S.F. Workers Face Layoffs And Shorter Weeks But May Get Rehired Part Time

| March 3, 2010

Heather Knight, Chronicle Staff Writer Wednesday, March 3, 2010 More than 15,000 San Francisco city workers across all departments will receive layoff notices Friday, and most of them will have the option of being rehired to work a shorter week, Mayor Gavin Newsom said Tuesday. Newsom’s controversial plan to help reduce the city’s $522 million […]

Star Gazer Arch Crawford Has An Outlier Opinion

| January 14, 2010

Is It Written In The Stars?– Peter Brimelow devotes his column this morning to the latest projections from Arch Crawford.  Crawford in case you didn’t know, bases many, in fact most, of his projections through the use of astrology. Brimelow noted that Crawford sees not just another crash this year but dramatic societal changes to go with […]

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