Archive for May, 2009

Credit Rating Mirages & Sovereign Illusion Defaults: Where to Perch?

There are at least 64 credit rating agencies worldwide. Many had conflicts of interest, lacked transparency or closed the corral door after the livestock left.

The Flight Into Equities

If we believe the televised pundits or monopoly media headlines, America and the world are going to hell in a hand basket. /If it bleeds it leads. /

Re the New York Gold Expo

We used to attend the free hard money expos with Harry Brown, Doug Casey, Adrian Day, Paul Erdman et al, and saw crowded frothy character at tops.

Dying Dollar?

Another boring curious day when BAC has a $34 B capital shortfall and goes up, ruddy Art Cashin, wrong for over a fortnight, says grab
Dorothy and Toto and head for the storm cellar if Friday Jobs come in worse than ADP. Whatever.

From a concerned citizen

From a concerned citizen who gave testimony to the House Ways and Means Committee published in 1994 on replacing the income tax…

It’s time to face certain uncomfortable documented facts about our present and future:

The Treasury Secretary who evaded taxes now advocates the politics of envy by taxing the rich. We have [...]

Dendreon Perfect Storm

NB: This is an object lesson, not a recommendation.

Today DNDN traded at 25 and released such good news on a potential blockbuster prostate cancer drug that its shares collapsed to $7.50 and then halted trading.

Whoa – What happened?