Well I know that a lot of my colleges were on their hands and knees praying that Bernanke would not get in. But unfortunately those prayers went unanswered today as Federal Reserve Chairman Ben Bernanke won Senate confirmation for a second term today. I can now safely say the US and its economy is DOOMED! Yes I know that My commentary on all this is comical at times and it is thrown around as a joke, but i think this is really getting serious now, and my most devastating forecasts are now on the verge of playing out.
Why does this man get a pat on the back for doing everything in the book pretty much wrong. A man that is allegedly an expert on the depression has not only had helped bring the economy to its knees, but even admitted that he couldn’t even see the crisis in the first place. Yes, I know he should have a permanent L shape letter on his forehead. infact it should be tattooed on his forehead, to remind us of that yes…the great job that he has done…NOT.
I think it has come time to each bow our heads and say a little prayer.
Please pray for the Good and great people of America. The good men and women, and prey the blinkers will soon come off sooner rather than later….
Please Pray for Bank & Loan bailouts to stop!….
Please Pray that the criminally insane government and fraudsters criminals that are running this show are exposed and the real TRUTH to this matter will be shown to even the most unsuspecting victims in all of this….
Please Pray for the people when they ask questions and continually get shut down and told to go away…
Please Pray for the people that still believe the words that come from Bernankes mouth!….
Please Pray for the intensity of this things coming to be lessened!….
Please Pray for the criminals behind bars for petty crimes, when the real criminals are running our countries and are the ones that must be punished publicly….
Gordon Brown’s election and the tricks and strategies he keeps coming up with are not really working. You know what, lets just say you decided you would jump off a cliff 1000 metres high. You cannot stop half way down, mid flight and decide you didnt want to jump!! and you could miraculously fly back to ledge where you jumped off.
Today the world’s biggest bond house warned investors to avoid the UK economy. SMART MAN! but I love the way he put it, because not only do I agree with him, But he is correct in how he explained the UK as sitting on a bed of nitroglycerine… Nothing can be further from the truth as I have explained in some of my NEWSLETTERS.
Per Captia Europe and especially the UK is in the same if not more trouble than the US, their debt is at sky high levels yet again the mainstream and other sources dont yet want to report it. Alistair Darling has conceded it will take ‘years’ to return to pre-recession levels.
Sometimes you just gotta laugh when you turn on the TV because its filled with Tiger Woods sex scandals, Charlie sheen beating up his wife & the latest big multimillion dollar Boats the rich have been buying. WHO cares!!!! those idiots dont care about anyone but themselves…. the real importance here is that some of the once powerful countries are collapsing yet no one can see it.
Some of the people that use to laugh in my face are now starting to come to their senses THANK GOD. But the real question on my lips is how long until the inevitable happens. When the cancerous wound that has been growing aggressively start to pop up and show its ugly head.
Alot of people have been hounding us about our newsletter. So I have decided to let all the people on my extended list take a peek (sample) at our full newsletter!
Well it seems that sanity has come back to the market. Yes as your read this we have had the biggest 3 day drop on the market in nearly a year. I could fill up this page with reasons why….but If you have been tagging along and listening to our messages then you will fully understand. When I woke up and heard the market reports on the news, the first WORD that came to my mind was SANITY…..
AS the market kept climbing to new highs, the INSANE, no scratch that out…HIGHLY INSANE people kept just buying on all the government funding and money they kept pumping in the market. In all seriousness this was a fake rally, and lasted too long. Many people who kept buying kept getting use to making lots of money….so what did they do …KEPT buying. as I said CLINICALLY INSANE….with a double scoop of IGNORANT on top!
Now people are seeing the market dip hard here and are making all the excuses in the world. Obama has finally stepped up to the plate and started to get his cane out and whipping the naughty school boys on wall st for getting back to their dirty practices. Ummmm bit late for that now. But I say to Obama better late than NEVER.
I dont think he has come a long way since his election speech…what was it again!? YES WE CANNNED HAMMM! or something like that.
Anyway no matter what happens here on the market, up or down (down seems more likely the case) it has been FUN for myself and traders in the office, the video below I show you why???
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It is official, today Reuters A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best.
I guess those that dont like hearing the truth better get their mouse and click off this page as fast as your can! YES…
But come on….what did you expect, with more people losing their jobs, that means less money going into their dwindling accounts. And that means there is no extra money to pay off the mortgage bills at the end of the month. Its not rocket science….really.
For the keen statisticians out there Housing and related business account for about 20 percent of the economy and recovery, so its not small potatoes i guess.
The smarties down a barclays who called the hmmm recovery in early 2008 (ummm right!) have now changed their tune…. yes! They pulled out their hankies and got the fake tear juice out and admitted and I quote “Foreclosures will be worse in the first part of 2010 and we do not see a peak in foreclosures until the middle of next year.”
Looks like the bankers and the BIG bonus pay checks are going to have a field day with this….. WOW how convenient…the same time they get their millions in dodgy bonuses the same times foreclosures are nearly their high point and those beach side resort condos will be going for a song. I bet you their mistresses will be loving this piece of news. LOL
