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Daily Digest - Feb 14

Friday, February 13, 2009, 9:49 PM
  • Fed Chief's Boyhood Home Is Sold After Foreclosure
  • Signposts Towards The Inevitable
  • Moody's AAA Breakdown (Chart)
  • Moody's The United States is Resilient...Not Resistant to Downturn
  • U.S. Debt Default, Dollar Collapse Altogether Likely
  • Large U.S. banks on brink of insolvency, experts say
  • Four U.S. Banks Seized, Bringing Total for Year to 13
  • Yves, Nationalization (CNN Video)
  • No one read this $787,000,000,000.00 Bill (Video)
  • John Williams, Shadow Stats WSJ: Inflation (2:38 Minute Point, $100 as toilet paper)
  • More...

The PBS streaming video is up

Friday, February 13, 2009, 4:46 PM

It's up!

They've been having some transition difficulties for the whole analog/digital sanfu at WGBY but they've persevered and now have the PBS show up and available for your viewing pleasure.

Link to the PBS page (scroll down more than half way past other programs to perfectly horrid pic of me which I hope will be swapped out soon!).

This does not include any of the pledge break material, it is just the studio seminar, so no video of your friends being interviewed at Rowe in here.

Lastly, the fund drive was a success.  More than 140% of their goal was raised, which counts as a success in this day and age (I hope).

So thank you to everybody who called in and contributed!  We'll see what happens from here.


[Update: Video is now added to this page; see below.]


Daily Digest - Feb 13

Thursday, February 12, 2009, 10:23 PM
  • Comedy (Video)
  • Economist, Rivlin, Marron, Rogogg and Krugman, Kicking the can down the road? (Video, don't miss the 7:00 - on point and Part II)
  • Primary Bond Market Flow Chart
  • Fed in Talks to Add Primary Dealers as Sales Surge
  • Home Prices in U.S. Slid 12% in Fourth Quarter, Most on Record
  • Greenspan Says He Was Mystified by Subprime Market
  • New Bailout Plan, Paying The Neighbor's Mortgage, Rallies Market
  • Stimulus plan compromise
  • Will the stimulus actually stimulate? Economists say no
  • More...

Daily Digest - Feb 12

Wednesday, February 11, 2009, 6:26 PM
  • Economy How We Can Restore Confidence, By Charles T. Munger
  • Jim Rogers (Video, Bloomberg, Hat Tip JoeManC)
  • Congressman Capuano to Banks, "I don't have one penny in a bank." (Video)
  • Chinese exports (-17.5%); imports (-43%)
  • European bank bail-out could push EU into crisis
  • Fed Looking Unlikely to Buy Treasurys
  • Chairman Ben S. Bernanke
  • Real Treasury Yields Moving Lower (Chart)
  • More...

The Official Rowe Thread

Tuesday, February 10, 2009, 11:43 PM

There were several points in the Rowe seminar that stuck with me and capture something essential about the weekend.

One was at 9:30 at night on Saturday, after a long day of full-on seminar.  Everybody should have been wiped out.  But we broke into small groups to discuss our personal self-assessment worksheets and the room was filled with excited conversation.  The moment came when Alejandro, in his booming voice, announced that it was time to end the conversation and form back into the larger group.  I was scanning the crowd with wide-angle eyes and saw that nobody budged.  Not one person even turned to look at him.  The energy for the current conversations was simply too high at that moment. And again, nobody so much as shifted at his second booming call.  Jandro and I glanced at each other, shared a smile and let things run for a while.


Daily Digest - Feb 11

Tuesday, February 10, 2009, 7:45 PM
  • Pink Slips At Wal-Mart HQ
  • UBS to Cut 2,000 Jobs After a Huge Loss
  • SIRIUS Bankruptcy
  • Boomers - your crisis has arrived
  • China Needs U.S. Guarantees for Treasury Bond Holdings, Yu Says (Hat Tip Homosapiens)
  • Russia Companies Asked by Banks to Hold Debt Talks
  • Four Bad Bear Markets, Down 1929-1932; S&P 500 1973-1974; 2000-2002; 2007-2009 (Update)
  • Wholesale Sales (Durable vs. Non-Durable Goods
  • Revolving Credit Free Fall
  • More...

New Martenson Report for Subscribers - Feb 10, 2009

Tuesday, February 10, 2009, 5:02 PM

There's another Martenson Report ready.  I meant to have it posted and sent on Friday, but a technical snafu intervened and I was out of contact at Rowe so there it sat in the outbox...

At any rate, here it is.

Banks on the Brink

In the last report, I cautioned that stocks and bonds were falling together, and that this was a bad sign. Like clockwork, and in a pattern I now just call "Monday," there was a sustained campaign of buying in the stock futures pits by "somebody" with very deep pockets at the beginning of the week of February 2, 2009. However, I make the claim below that such price supporting behavior, if that's what it is, has an eventual date with failure and then move onto a list of banks that seem to be signaling that trouble is coming.


The Crash Course on PBS Station tonight

Tuesday, February 10, 2009, 1:22 PM

Hello everybody. 

First a big round of thanks to Davos for tirelessly keeping the content fresh around here while I navigated the Rowe seminar (which was the most amazing experience - more on that soon!), finalizing the edits and production details on the new 3-part DVD, and attended to the dozens of new opportunities that have recently arisen.  A second huge round of thanks to the Brigade and everybody else who has been spreading the word.  Your efforts are yielding huge results.

One gentleman flew in from London for the Rowe seminar after hearing a plug for the Crash Course on Financial Sense Newshour.  Thank you Mike (wink), you know who you are!

Tonight I will be featured on the Springfield MA PBS station WGBY. This is a huge opportunity for us and we hope you'll watch the show if you can.  (more below) » Read more


Daily Digest - Feb 10

Monday, February 9, 2009, 10:53 AM
  • California: Closed for business (Video), Judges back a one-third reduction in state prison population (Hat Tip Propamanda) and Redding City Council votes to lay off Six Cops, 3 Firefighters (Hat Tip GregRoberts)
  • Videos: Nouriel Roubini, Dr. Doom & the Black Swan, Obama
  • Charts:  Lose the News, Same Store Sales, Job Losses in Post WWII Recessions, TARP Review: Taxpayers Paid too Much, Analyst's Recommendations
  • A Look at 10-Year Market Returns
  • Why Analysts Keep Telling Investors to Buy
  • GM, Chrysler May Face Bankruptcy to Protect U.S. Debt
  • Dealing pain to bank bondholders
  • Bad Bank 2.0 Now in Treasury Plan
  • Market Wrap Week Ending 02/06/09 
  • Rising treasury yields
  • Credit agency downgrades ratings for 22 countries 
  • CBOT Debt Service Estimates (Repost) (Table on page 2)
  • Bank Failures May Reach 1,000 on Bad Loans, RBC Says

Daily Digest - Feb 9

Sunday, February 8, 2009, 12:57 PM
  • Stimulus: Because all economies have performance issues (Humorous Hysterical!)
  • The bonus racket (Hat Tip Fred)
  • Taleb at Davos (Video)
  • The Greatest Achievements of American Socialism (Slide Show)
  • Bond market calls Fed's bluff as global economy falls apart (Hat Tip PineCarr)
  • The Economic Outlook for 2009 and Community Banks
  • A Double Dip Layoff Economy
  • Steve Keen: "The Roving Cavaliers of Credit" (or Why Ben's Helicopter Will Fail)
  • Congressman/Dr. Ron Paul (Video - Hat Tip JoeManC)
  • Gingrich: Economy headed 'off a cliff'
  • Icelandic Lessons (Hat Tip Investorzzo) 
  • FSN Broadcast
  • Savior Based Economy, SC Gov. Mark Sanford 
  • Timmy's Talking TRILLIONS! Stimulus Battle May Signal Tough Sell for Bank Rescue
  • U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes