Morning Musings From Art Cashin – The Bubonic Plague And Healthcare Reform
Via UBS Financial Services As Told To…..
Via UBS Financial Services As Told To…..
Tuesday, March 9, 2010
The most probable replacement to Trichet, Axel Weber who is a member of ECB's governing council said earlier on Bloomberg TV that extend and pretend is now shifting to Europe warning that Germany's Q1 growth could be negative, of course qualifying the statement that everything past this quarter will be stronger. Weber said that "a very weak first quarter means that the second and third quarters will be stronger." Even so he said there was still no reason to revise the expectation of German growth in 2010 to just over 1.5%
Thursday, March 4, 2010
Don't say the SEC doesn't work hard for its billion dollar budget. The syndicate endorsing corruption (and not even worthy of capitalization), has released a statement indicating it is now pursuing enforcement action against a "known" psychic "who fraudulently raised $6 million after telling investors he could predict stock market highs and lows." Uhm, so does that mean that the SEC is now after every single pundit on CNBC as well
Monday, March 1, 2010
The bond deal that was so very much rumored was going to get done in mid (and at most late) February, never really took off. The reason: with each passing day, investors (what little is left of them) are demanding a greater and greater premium, as the country now has less than 3 weeks of cash left at the current cash burn rate.
Wednesday, February 24, 2010
Jose Pinera provides an Entitlement State 101 lecture, in which Chile's former Labor and Social Security Minister demystifies the U.S.'s $100 trillion unfunded benefits problem. Since Pinera is the man who many years ago privatized Chile's entitlement system, America, and the entire Western system, which for the past century has been relying on unfunded liabilities to provide benefits to the population in the hopes that funding day will never come, may do well to listen to what he has to say.
Thursday, February 11, 2010
The only thing in this world worse than Hank Paulson showing up in Congress with his initial 3-page TARP proposal giving him unlimited control over the US printing press? 12 non-Hank Paulsons, all of whom speak different languages, all of whom are hell bent on bailing everyone and everything out (just not on their political or physical dime...or 10 eurocents as the case may be), and all of whom have no idea how to bail out others' (and soon their own) economy...
Tuesday, February 9, 2010
After not having written at all since early Nov, I am now onto my 3rd note in less than a mth. Apologies for this. But no doubt you will all have figured out that I don't have much value to add whenever the whole world is busy gorging on yet another phase of policymaker sponsored & excess liquidity enabled 'buy fest', which is YET AGAIN designed to fool us into mistaking YET ANOTHER Ponzi Bubble for a real, genuine, sustainable and broad-based economic recovery.
Tuesday, February 9, 2010
Remarks at the Reserve Bank of Australia's 50th Anniversary Symposium, Sydney, Australia The U.S. Financial System: Where We Have Been, Where We Are and Where We Need to Go by William C. Dudley Today, my remarks will focus on the U.S
Monday, February 8, 2010
The choice selections from today's Art Cashin comments, via UBS Financial Services: Greek Rescue Rumor And Chippier Consumer Brings Stocks Back From Brink – For much of Friday’s session, fears about the European Union (particularly Greece) sent folks seeking the safety of the dollar.
Tuesday, February 2, 2010
Submitted by Chris Pavese of Broyhill Asset Management There's Nothing Good Here The Investment Team at Broyhill huddles up at 6.30AM every Monday Morning, to review market action, various measures of sentiment, and portfolio positioning, to name a few.
Wednesday, March 10, 2010
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