Commodity Trading & Trend Following

Sure, the recession ( depression) is over. The stock market is booming. So much for a Bear Market rally. Only 10 out of 19 banks need some money. Just the sum of that money ranges in the $10 billion here…and maybe another $10 Billion there. It is small money considering the trillions that have been [...]

It isn’t like we have gone through enough stress last year, now we need to worry if our Bank will pass the Govt’s stress tests. For the last 2 months 200 federal examiners have worked/audited the nationג€™s biggest banks to determine how these banks would hold up if the recession deepened.

There seems to be tug of war between those who ” Predict” this harsh Recession will be over this quarter or next year and those that react to the economic situation. Truthfully no one knows how long this Recession will last or when it will be over. The fact is those more money has been lost recently trying to call a bottom. The next reality is that there is further evidence that there is a deepening of the slowdown not just in the US but from around the world.

The FED and the TARP program has lent or guaranteed almost $12.8 trillion if you add it all up. Putting this into perspective this massive sum is virtually approaching the total GDP or everything produced in the US last year. The nationג€™s gross domestic product was $14.2 trillion in 2008.

Take out your feelings on Ben with the bernanke squeeze doll.

Since we the taxpayers own approx 80% of AIG shouldn’t we have some say in their affairs. As 80% owners should we approve payouts of $450 million in bonuses for employees in the unit that lost $40.5 billion last year. These employees were responsible for the virtual capitulation of AIG. Just think how logical this is. These people destroyed not only a company and all the lives of people dedicated to the company’s success but now to reward them.

With all the bad loans in Ireland and Austrian Banks will be the Euro Survive?

How Dilbert sees the Bailout Hearings