Archive for August 2007

Politicians Gang-Up on Subprime, Bernanke Speaks, Bogus GDP, Wheat and India Prosper, and More!

by Addison Wiggin & Ian Mathias PIMCO’s Gross is going to get his wish… Pols to the rescue! Never met a crisis they didn’t love. Our advice: Shield your ears and run for cover… Since when is the Fed supposed… Read More

Conspiracies Abound, Markets Rally, Wheat Keeps on Truckin’, Chinese Pollution, and More!

by Addison Wiggin & Ian Mathias Markets rally… The soothing words that set off a global shopping spree An enormous bet placed on the downfall of the S&P 500… the anonymous options play that has insiders shaking in their boots… Read More

China Passes Japan, Bad Credit Worse Than Terror?, Chavez Keeps Being Chavez, and More!

By Addison Wiggin & Ian Mathias Markets slide worldwide… U.S. traders read Fed minutes, throw tantrum, tank indices Chinese stock market surpasses Japan’s… why you should care… and three new plays on the Hong Kong exchange Chavez to chop three… Read More

Homes for Sale at All-Time High, Consumer Confidence Plummets, China’s New “World’s Biggest,” and More!

By Addison Wiggin & Ian Mathias Real estate pullback “showing no signs of slowing down”… 17 out of 20 metro markets decline in last 12 months U.S. markets sell off again… but one sector is seeing its highest insider buying… Read More

Fed Bends the Rules, Behind Gross’ Plea, LTCM Returns, What’s a Jatropha? and More!

By Addison Wiggin & Ian Mathias Dollar getting dreary again… Why the Fed’s “granite façade” is showing strains… Mish uncovers the real reason Bill Gross wants a Bush bailout “If at first you don’t succeed”: LTCM founder back in the… Read More

China’s New Secret, More Subprime Implosion, Gold Trading Advice, Uranium Thoughts, and More!

August 24, 2007 by Addison Wiggin & Ian Mathias The secret’s out… Four of Asia’s largest banks come clean about subprime exposure Countrywide founder decries “worst crisis in 55 years” Bond king predicts housing slump not seen since Great Depression;… Read More

BoA’s Big Gamble, A Worthy New ETF, Dubai Buys Vegas, and More!

August 23, 2007 by Addison Wiggin & Ian Mathias The four biggest U.S. banks unite and borrow $2 billion from the Fed… parlor tricks or legitimate desperation? Bank of America shows its contrarian side… how much “value” is there in… Read More

Huge Chinese First, Pre-Rate Cut Advice, Capital One’s Wallet, and More!

By Addison Wiggin & Ian Mathias A Chinese first: Citizens allowed to trade in Hong Kong… 2.2 trillion reasons why this is a big deal Still, they need to deal with the “Great Leap Backward”… 2 out of 3 economists… Read More

China’s Stocks Soar as Chinese Officials Scheme, Average Salaries Fall, Fed’s Lose/Lose Situation, and More!

August 21, 2007 by Addison Wiggin & Ian Mathias Shanghai index soars ahead, credit crunch be damned… Chinese government forbids monks to reincarnate without approval from Beijing… no, really Fed stuck between the hard place of credit demand and the… Read More

Deciphering the Fed as Markets Rally, BDI Still Strong, Crazy Commuting Stats, and More!

August 20, 2007 by Addison Wiggin & Ian Mathias We call BS on the Fed… the chart that proves they’ve already cut the fed funds rate Markets love the juice, rebound worldwide… why is gold tracking the financials? India suffers… Read More