The last time I wrote an article about the US dollar on March 4th titled the “US Dollar Vulnerable to a Sharp Decline Now”, the US dollar index promptly plunged from 89 to 83 less than one week later. In…
Many times when I run into old friends after a while, in reference to past conversations we may have had regarding global capital markets, they tell me something to the effect of: “Everything you said that was going to happen…
Though I’m writing this article on the Saturday preceding the Monday Bank of America earning’s announcement, I am quite confident in stating that the chances Bank of America will not surprise and beat analysts on Monday is slim to none….
In the past three years, while banks all over the world and Wall Street were imploding, while some $40-$50 trillion of capital was being destroyed in global stock markets, one financial market kept growing. That market is the financial derivatives…
The recent comments of many on our nation’s top banking executives have been so consistently disingenuous that the subject of this article has been long overdue for some time now. On March 20, 2009, Citigroup CEO Vikram Pandit issued a…
With FASB demonstrating no backbone this Thursday and voting to change mark-to-market rules with not a single dissenting vote (demonstrating that not a single FASB board member has the guts to stand up for what is right), the Big Deception…
If there is a silver lining to this crisis, it is that most of the investment scams for the past two decades have now been exposed and the search to find solid investment guidance has genuinely become easier. The dirty…
Forget about the $50 billion Madoff Ponzi scheme. Forget about the $8 billion Stanford Ponzi schemes, forget about the $3.6 billion of bonuses paid to Merrill Lynch executives after the firm’s failure, and forget about the $200+ millions paid out…
17 March, 2009 In response to US Federal Reserve Chairman Ben Bernanke’s assertion that this global crisis will bottom before year-end, here are 8 reasons why the Obama administration will not pull America and the world with it, out of…
March 4, 2009 The Technical Outlook If we observe the $USD graph for March 2, 2009, we see that the USD has just broken above the resistance level of 88. Will this mark the beginning of a new run higher…