Voltron says: took it in the shorts today as expected, but used the opportunity to double down. Here's some humor to dull the pain.
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Long: GLD
Voltron's economics blog. Started in Iraq in 2007 as the "Gamblers Anonymous Support Group" email list.
Disclaimer
This is not an offer to buy or sell securities in any jurisdiction. This blog is for informational purposes only. I do not give legal, tax or accounting advice of any kind. I am not a licensed financial advisor. I make no representations as to the suitability of any transaction at any time. In fact, you should ignore everything I say.
Voltron's Current Forecast
Wall Street and the government are about to engage in battle and recriminations in the face of a massive wave of foreclosures. Wall Street will start yanking the leash, causing stock market crashes whenever the status quo is threatened.
The economy is fake and is dominated by fraud and criminal activity. The government is running several giant ponzi schemes.
The DOW/GOLD ratio will drop to 2.
The Fed's announcement that they are going to print a Trillion dollars and use it to buy debt is the proverbial "crossing of the Rubicon" The US Dollar is toast. I think the trigger will be some of the smaller holders of Treasurys (Singapore, for example) trying to dump their holdings before China does. This will cause a panic stampede out of Treasurys which will destroy the dollar.
Wells Fargo are liars. They have over 150 Billion in worthless home equity loans and a Trillion dollars in off-balance sheet liabilities.
Do not abuse leverage. The Fed is going to spend limitless amounts of money to pound interest rates and Gold prices into appearing "normal" when in fact they are on the verge of exploding. The tremendous volatility will shake out leveraged players.
Long: GLD
Calculators and Tools
Blogs I read
- Capital Account with Lauren Lyster
- Max Keiser
- Mortgage Lender Implode-O-Meter
- Naked Capitalism
- Zero Hedge
- The Big Picture
- Euro Pacific Capital
- Safe Haven
- MISH'S Global Economic Trend Analysis
- Nathan's Economic Edge
- Dr Housing Bubble
- Karl Denninger's Market Ticker
- Calculated Risk Blog
- Jesse's Café Américain
Education Links
Smartypants Hall of Fame
- Economist, Steve Keen
- Hedge Fund Manager, Hugh Henry
- Radio/TV Host, Max Keiser
- Stock Analyst, Ivy Zelman
- Fmr Options Trader/Philospher, Nassim Taleb
- Fmr Regulator, William K. Black
- Derivatives expert, Janet Tavakoli
- Fmr Hedge Fund Manager, Andrew Lahde
- Fmr Hedge Fund Manager, Dr. Michael Burry
- Investment Advisor, Marc Faber
- Short Seller, Jim Chanos
- Hedge Fund Manager, John Paulson
- Stockbroker/Economist, Peter Schiff
- Columnist: Damon Vrabel
- Investor, Jim Rogers
- Bank Analyst, Meredth Whitney
- Fmr Regulator, Brooksley Born
- Economist, Nouriel Roubini (NYU)
- Artist/Filmmaker, Paul Grignon
- Congressman, Ron Paul (R - TX)
- European Parliamentarian, Daniel Hannan
- Hedge Fund Manager, David Einhorn
- Hedge Fund Manager, Bill Ackman
Comic Relief (videos)
- NOMINT: Greek Crisis Explained
- Brits: Congratulations! You’ve Only Lost $1 Million Dollars!
- Daily Show: The banks can't lose
- Daily Show: Fat Fingers
- Ratigan: Financial Fraud For Dummies
- NPR: Bet Against The American Dream
- Daily Show: In Dodd We Trust
- The Onion: Money is an illusion
- "Fear the Boom and Bust" a Hayek vs Keynes Rap
- Mint.com: R U Unemployed
- Yes, Minister: A Conflict of Interest
- Colbert: Honor Bound
- Colbert: The Fed
- SNL: US-China Relations
- Daily Show: Dow 10,000
- Daily Show: High Frequency Trading Cash Cow
- Daily Show: Home Crisis Investigation
- Brits: The elephant in the room
- Daily Show: The bailouts are working!
- SNL: Bailout Skit (uncensored)
- South Park: The importance of saving money
- South Park: How the Treasury Dept works
- Subprime Mortgage Crisis Blues
- Brits: Subprime crisis (part 1)
- Brits: Subprime crisis (part 2)
- SNL: Conspiracy Rock
- For Kids: The Mississippi Bubble
Ways to make money when stocks go down
Option Trading Tools
Blog Archive
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2008
(399)
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March
(64)
- 5 stages of coping
- Bear market rallies only delay day of reckoning
- Fed eyes Nordic-style nationalisation of US bank
- Lehman Wants To Short-Circuit Short Sellers
- The Spotlight's On U.S. Alt-A RMBS Issuers As Perf...
- Equity Loans as Next Round in Credit Crisis
- The Debt Shuffle
- If Market Prices Are Too Low, Ignore Them
- Lehman hit by fraud involving Marubeni employees
- RECORD 75 MILLION AMERICANS NOW PRETENDING THEY OW...
- Chase mortgage memo pushes 'Cheats & Tricks'
- Treasury’s Plan Would Give Fed Wide New Power
- Bail me out Bennie
- What Wall Street's CEOs Don't Know Can Kill You
- The Monopoly money is gone
- California freefall: Home prices fell 26% in February
- Excerpts from Treasury Secretary Paulson's Comments
- Schoolhouse Rock: I'm just a dollar bill.
- Great Moments in Accounting
- Nucking Futz
- Everything is fine
- Fed's rescue halted a derivatives Chernobyl
- Credit Default Swaps
- Are we in a recession?
- Diversify out of the U.S.
- The Audacity of Hopelessness
- Jim Rogers predicts crash of the dollar and demise...
- Peter Schiff predicts market crash
- Blood is in the water
- Bank-To-Bank Lending Freezes; Bankers Ask 'Who's N...
- Two Dollars! Two Dollars!
- Why the market is not down more.
- Lehman Too Big to Fail?
- Generalized Run on the Shadow Financial System
- Time for action
- Peter Schiff
- Lehman is next
- It's starting
- Bear Stearns to Get Backing From J.P. Morgan, N.Y....
- Muni bond insurance demand likely to abate-MBIA CEO
- Reason the market is up.
- Despite the Federal Reserve's efforts Wall Street ...
- RUMOR: Lehman failed to meet margin calls
- The next shoe to drop in housing
- Quick update
- Fitch, MBIA fight it out over request to stop ratings
- Scandal met with disbelief on Wall St
- Is Fannie Mae the Next Government Bailout?
- TIPS' Yields Show Fed Has Lost Control of Inflation
- FBI Investigates Countrywide
- Rumour of Second Bail Out Rumour
- Mozilo defends cashing in Countrywide stock
- Aversion to Risk Deepens Credit Woes
- San Diego FHA loan limit raised to $697,500
- Step by Step, Bush and Fed Move on Mortgage Rescue
- Bernanke to Lenders: Reduce Principal
- I wasn't invited
- States and Cities Start Rebelling on Bond Ratings
- Live in a $3mil house for free
- Fed chief: Mortgage crisis to continue
- The Federal Reserve's rescue has failed
- Subscribe to GASG
- Bye Bye CFC
- How a Bubble Stayed Under the Radar
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March
(64)
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