Gordon T. Long Reviews Interest Rate Swap Deals That Have Become Problematic…..How About The $437 Trillion In Interest Rate Swaps Outstanding

| April 30, 2010

PRIMA FACIA – WHERE IS UNCLE SAM? I have written extensively about the unregulated, non-exchange traded, offshore, off balance sheet (OTC) $605 Trillion derivatives market and specifically about the $437 Trillion Interest rate swap market. In Sultans of Swap: the Getaway I laid out some of the court actions taking place throughout Europe and the […]

This Explains Where The U.S. Stands In The “Misery” Index

| April 30, 2010

http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Uncle_Sam_You_Sly_Devil.htm

Here In Lies The Potential Problem

| April 30, 2010

THIS IS CRITICAL…………….THE BALANCING ACT   http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Uncle_Sam_You_Sly_Devil.htm

Oil Disaster…..Navy And Other Defense Department Resources Investigating

| April 29, 2010

The Oil slick disaster, besides being a detriment to intended drilling projects, remains a mystery with respect to ‘cause’. Of course the dispatch of Navy and other Defense Department resources will be seen in the proper light of being helpful; while we ponder whether they’re investigating just in case something else happened; given the rig […]

Banks Bet Against U.S. Cities And States With Derivatives Using Credit Default Swaps

| April 27, 2010

Banks Bet Against U.S. Cities, States First Posted: 04-27-10 Amidst growing pessimism about the financial condition of U.S. cities and states, investors are increasingly buying financial instruments that essentially allow them to short sell  or bet against cities and states, says a Wall Street Journal report. Offered by banks like JP Morgan, Bank of America, […]

Unchartered Waters In Sovereign Debt Issuance, And Who’s That At The Front Of The Parade?

| April 27, 2010

    http://www.leap2020.eu/GEAB-N-43-is-available-Global-systemic-crisis-USA-UK-The-explosive-duo-of-the-second-half-of-2010-Summer-2010-The-Bank_a4531.html

The Federal Deficit

| April 27, 2010

  http://market-ticker.org/

Just A Reminder…. We Either Are, Or Will Be At New Highs Very Soon On These Derivatives Charts

| April 23, 2010

The Future of U.S. Housing……. An In Depth Report From MyBudget360

| April 21, 2010

The Future of U.S. Housing – Projections of Household Formation, Loan Modification Data, 500,000 Option ARMs Still Active, and a Decade of Stagnation. Tue, 21 Apr 2010 Take what you knew about projecting housing for the last fifty years and throw it out the window.  The big problem with using models post-World War II is […]

Where Did This Come From…..DRAMATIC COMMERCIAL BANK LENDING SPIKE

| April 18, 2010

DRAMATIC COMMERCIAL BANK LENDING SPIKE There appears to be mysteries everywhere we look, just like the days of Enron, the US sub-prime housing bubble and with Greek debt accounting.   Below is the just released Federal Reserve report from FRED (Federal Reserve Economic Data) showing the weekly loans and leases of US Commercial Banks. The […]

U.S. TREASURY AUCTION – Historic Direct Versus Indirect Bids

| April 18, 2010

U.S. TREASURY AUCTION – Historic Direct Versus Indirect Bids With a historic and massive $1.6 Trillion of new US government debt to be financed in 2010, as tax payers on the hook for this debt, we need to listen to what is concerning those that participate in the critically important US Treasury Auction. Additionally, we […]

Not Good To Say The Least…….PLUMMETING U.S. MONEY SUPPLY Despite QE (Quantitative Easing)

| April 18, 2010

PLUMMETING US MONEY SUPPLY DESPITE QE (Quantitative Easing)   The chart above from Shadow Government Statistics is more than a little alarming. The M3 money supply reporting is shown above, which we all used to watch meticulously and was suddenly and suspiciously dropped without explanation in March 2007. John Williams of Shadow Government Statistics still […]

George Soros Warns Of Biggest Market Crash To Come, As “We Are Facing A Yet Larger Bubble” Than During Credit Crisis

| April 15, 2010

04/15/2010 George Soros, speaking at a meeting organized by The Economist, warns all those who are throwing their money into the equity pit, that “the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis.” Advice from Soros or from […]

Visualizing America’s Tax Inequality

| April 12, 2010

As the charts below demonstrate, American society is currently stratified beyond repair. In this vein, the Tax Policy Center calculates, that for a return to economic normalcy, or deficits at a “mere” 2% of GDP, households earnings more than $200/250k would see their tax rates going up to a stunning 91%. If the economic underperformance […]

Total Continued Unemployment Claims….Not Improving Like It Should

| April 8, 2010

www.ingerletter.com

Consumer Credit Still Falling

| April 7, 2010

Demographics Of The Aging United States Population

| April 6, 2010

Demographics? Let’s look at the “age pyramid” for the United States. The following 2 charts from the National Institutes of Health shows that the population is aging: This graphic (courtesy of Ed Stephan) shows the U.S. age pyramid from from 1950 through 2050: male female Population of the United State  www.zerohedge.com

Gold vs. The S&P 500

| April 6, 2010

A DISCRETE BULL MARKET Gold’s major trend has been up for nine consecutive years, yet the investing public has barely begun to invest. It’s not well known that this bull market even exists. This in itself is bullish because it means the 375% gain over the last almost decade will be pale compared to the […]

John Mauldin………Is This a Recovery?

| April 3, 2010

Is This a Recovery? First, we are in a nascent recovery from the depths of the Great Recession, but the question is “what kind of recovery?” Many suggest that we will see a typical recovery, like we have seen with every recession since World War II. As regular readers know, I don’t think we’ve gone […]

Domestic Equity Fund Flows….. $3.5 Billion In Outflows Year To Date

| April 1, 2010

 $3.5  Billion In Outflows Year To Date The broader public, where the first baby boomers begin retiring this year, continues rotating out of equities and into the safety of bonds. The ICI just disclosed that fund flows for domestic equity mutual funds turned negative for the week of March 24 to the tune of almost […]

State And Local Tax Revenues Tumble, Then Rebound Small

| March 31, 2010

From The Wall Street Journal: At the root of governments’ problems today are promises made in past decades. As a group, state and local governments have promised an estimated $3.35 trillion in pension and health-care benefits to be paid over the next three decades, but are estimated to have 70% of the money to cover […]

The Great Benefits Gap

| March 31, 2010

  From The Wall Street Journal………………. Many private-company workers have seen their retirement accounts shrivel, while public-sector benefits have been relatively unscathed. Defined-contribution plans such as 401(k)s had $3.33 trillion in assets at the end of 2009, down 4% from $3.48 trillion in 2006, according to the Federal Reserve. Such accounts have lost value even […]

Historical Corralation Of Daily Returns (5 Years)

| March 31, 2010

Average Monthly % Change For The Dow Jones Industrial Average: Last 50 Years

| March 30, 2010

www.ingerletter.com

It’s All Turned Around Like Our Economy!

| March 29, 2010

The U.S. Debt Taken On And The President Respnsible For It…..Repubicans Win Hands Down On Adding To The National Debt!

| March 29, 2010

Borrowing costs borne by Government increase dynamically as the cost of forward debt service jumps. As servicing debt consumes the bulk of the Federal budget, it becomes a crisis almost immediately. The bloating of Governmental services, help to the states, and concurrent reluctance on the part of major creditors, just adds to what is an […]

Uncle Sam Says…. You Can Take This To The Bank

| March 29, 2010

 

The Lost Decade….Stocks, Homes and Employment All Decline During The Last Ten Years!

| March 29, 2010

The Top Ten Have Most Of The Cash

| March 26, 2010

www.ingerletter.com

New And Existing Home Sales

| March 24, 2010

U.S. States Assert Sovereignty

| March 22, 2010

States Rebel Against Washington The pushback against federal power began under Bush, but may now be accelerating. Atlanta There’s an old joke in South Carolina: Confederate President Jefferson Davis may have surrendered at the Burt-Stark mansion in Abbeville, S.C., in 1865, but the people of state Rep. Michael Pitts’s district never did. With revolutionary die-hards […]

U.S. Stock Market Total Return %

| March 21, 2010

The Elephant In The Room…..Over-The-Counter Derivatives, The Actual Worldwide Amount Is Likely In The 100’s Of Trillions And Maybe Quadrillions Of Dollars

| March 20, 2010

The Wheel Of Fortune…..Around And Around We Go, Where We Stop Nobody Knows

| March 19, 2010

http://lcmgroupe.home.comcast.net/~lcmgroupe/Tipping_Points.htm

Houeshold Financial Obligations Report……Looks Like We Still Have A Ways To Go!

| March 19, 2010

Mortgage Purchase Applications Index

| March 19, 2010

  www.ingrletter.com

Flow Of Funds Data

| March 19, 2010

Saving and the restoration of the average family unit’s retirement coffers is what this is about. And in that case current and former officials should be encouraging building citizen savings; not just trying to return us as a nation to the irresponsible practices of the past, which would only help the Chinese economy more than […]

Stratfor………Military Priorities in Afghanistan

| March 19, 2010

Military Priorities in Afghanistan   Gen. David Petraeus, commander of U.S. Central Command, testified before the House and Senate Armed Services Committees in Washington this week, saying that military progress in Afghanistan will be difficult this year. Afghan security officials recently have issued similar warnings, noting that the number of violent assaults is likely to […]

Heads Up……2012 is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could overload the debt markets.

| March 17, 2010

From John Mauldin’s “Outside The Box” Newsletter

| March 15, 2010

For the last two years, Gallup has been asking 1,000 Americans every day how much they’ve been spending at stores, restaurants, gas stations, and online. The average for upper-income households–those with incomes above $90,000–in February plunged to a new low of $98, down 13% from January. The numbers aren’t seasonally adjusted, so the monthly changes […]

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