This is deflation on a massive scale.
Fresh outrage this evening as Bob Ivry, Bradley Keoun and Phil Kuntz (tough name) break an incredible story about the secrets of the 2008 bailouts. Banks fought to keep these details a secret, but Bloomberg Markets Magazine successfully sued for the truth. Here goes: The Federal Reserve and the big banks fought for more than…
Samhain was the original ancient name for Halloween…and as October 2011 begins, we find ourselves at the very nearest to the World of the Dead that we’ve been since the March 2009 lows.
The CFTC is proposing “position limits” on the amount of derivative contracts, including futures and swaps, a trader can hold for 28 commodities.
If by some fluke this went to court and the these banks were forced to pay it, they’d all fail – one after another like dominoes.
Will the third time be a charm?
Bruce Berkowitz of the Fairholme Fund is the Matthew McConaughey of the mutual fund game – he had a huge run in the 2000’s but is now known mainly for how often he loses his shirt.