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Markets down - a rule change - then markets up

Thursday, September 18, 2008, 3:38 PM

Here's my take on why the stock market bolted up out of the blue and gold got hit at the exact same time.

We are now in the stage of this crisis where the financial authorities are going to be using every trick in the bag to keep asset prices up and in safe territory.

Every trick except honesty and transparency, that is. » Read more

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New Martenson Report - So Long, Mr. Dollar (for subscribers)

Thursday, September 18, 2008, 2:34 PM

This report focuses on the recent move by the Treasury to sell $100 billion to "help bolster" the balance sheet of the Fed.  The way I view it, this is almost certainly the beginning of the end of the dollar.

So Long, Mr. Dollar (subscribers only)
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The Fed "sprays" $180 billion around the world, but markets sell off anyway.

Thursday, September 18, 2008, 12:43 PM

I kid you not (and I wish I was kidding), a Bloomberg article used the word "spray" to describe last night's emergency injection of ~$250 billion dollars ($180 billion of that from the Fed) by central banks into "the system" in an effort to provide some stability to the stock markets.

» Read more

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Site still slow - we're working on it as fast as we can....

Thursday, September 18, 2008, 12:16 PM

My continued apologies for what is certainly a frustratingly slow site.  Believe me, we are working on this as fast as we can...

The site is experiencing heavy traffic and my host cannot handle it, so we are in the process of moving. » Read more

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Chapter 19 - Future Shock - is ready to view

Thursday, September 18, 2008, 8:35 AM

This chapter sums up all the prior chapters and places them on a timeline.  It is from this view that I personally got the motivation I needed to take concrete actions.  If this chapter doesn't create a sense of urgency, you have a future in politics.

Link to Future Shock

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Important articles I don't have time to comment on....

Wednesday, September 17, 2008, 1:26 PM

Gross's Total Return Posts Biggest One-Day Drop in Three Years

Quote:

Sept. 17 (Bloomberg) -- Bill Gross's Pimco Total Return Fund, the world's largest bond fund, fell 1.4 percent yesterday, the biggest one-day decline in more than three years, according to data compiled by Bloomberg.
» Read more

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Market Summary - Things breaking almost too fast to follow

Wednesday, September 17, 2008, 9:54 AM

And I do mean 'breaking.'

Gold is now up more than $50 on the December contract (futures), indicating that the direct monetization of debt as implied by the AIG deal is being interpreted by the markets as the potential beginning of the end for the dollar. The S&P 500 is down 35 points.

I have long been watching for this sort of action.
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Poof! There go Americans' dreams

Tuesday, September 16, 2008, 10:20 PM

This is a very good article by John Markham of MSN Money about how we got here and the depth of the current crisis.  I strongly encourage you to read the whole thing.

Link to Article.

A snippet: » Read more

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Major Money Market Fund Halts Redemptions - "breaks the buck"

Tuesday, September 16, 2008, 9:30 PM

For anybody who happens to think that a Money Market Fund is somehow the same as money in the bank, this one's going to be a bit of a shocker. » Read more

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WOW(!!) - Fed to Give A.I.G. $85 Billion Loan and Take 80% Stake

Tuesday, September 16, 2008, 7:39 PM

This is an incredible turn of events.  This is the biggest news of the decade.

I was not expecting this sort of activity for another year or two yet.

The Federal Reserve has bought a majority stake in a private company in exchange for cash.  Where did the Fed get this cash?  It was created out of thin air. » Read more