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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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2009
(456)
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September
(50)
- CIT's shaky future hurts small biz
- FDIC Discloses Deposit Insurance Fund Is Now Negative
- Dollar carry trade
- CBO says Social Security in the red by next year
- Humor: Elephant in the room (video)
- U.S. Bailout at $11.6 Trillion
- Loan Losses Triple-Slam The Banks
- Short sales increase
- Inflation a Risk Without Foreign Debt Buyers: Robe...
- Dollar under scrutiny at G20 summit
- Home prices down 12.5% from last year
- Housing Crash to Resume on 7 Million Foreclosures,...
- A stimulating discussion of Option-Arms
- Bankruptcy Filings Approach 2005 Highs
- Bank of America versus America
- Housing: "Facing a triple whammy" at end of Year
- Unable To Sell Homes, Brokers Turn To Arson
- Conditions build for another meltdown
- More proof that banks are kicking the can down the...
- Updated Links
- Mortgage mod rules favor Wells Fargo
- $30 billion home loan time bomb set for 2010
- Strategic Default Data Suggests Foreclosure Preven...
- Suit Alleges Trusted Blacks Drew Minorities to Hig...
- Moody's bearish on housing recovery
- Is Wells Fargo Making AIG's Suicidal Mistake?
- FDIC is broke
- FHA going the way of Fannie and Freddie
- Bove: Wells Fargo Sitting On A Volcano About To Ex...
- "Option" mortgages to explode, officials warn
- Wells Fargo’s Commercial Portfolio is a ticking ti...
- 5 Reasons for Caution in the Stock Market and Hous...
- Peter Schiff interview (video)
- We still have the same disease
- We're not out of the woods
- Home Prices Could Fall by Another 25%: Whitney
- Hyperinflation: The winners and losers
- The Next Financial Crisis
- Peter Schiff on gold (video)
- More sinister gold hanky-panky
- Insiders are heavy sellers
- A year after financial crisis, a new world order e...
- Gold Advances to $1,000 on Dollar’s Weakness, Infl...
- Alan Greenspan warns of US inflation risks
- China alarmed by US money printing
- MARC FABER Now you need a machine gun (video)
- Wells Fargo CEO Stumpf Says Some Loan-Loss Rates A...
- Philadelphia gets a subprime loan
- Wells Fargo's Tight Lips Drag on Shares
- Is Wells Fargo Regretting Its Wachovia Acquisition?
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September
(50)
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