Earlier today I talked about the “monoline nuke”, how like the focused detonation charge of a nuclear bomb, the subprime collapse was going to send the monoline insurers into critical mass. Result: a...
Read MoreThe rate cut came and went. Stocks fell. Barring a major surprise, this month is going to go down as the worst January in market history. They are up right now as MBIA says it’s going to magically keep...
Read MoreJust some quick thoughts today as the Fed loads up the Rate Cut Roulette chamber and gives it a spin before pointing it at its own head. Times are tough. They’ve been tough for a lot of Americans for the better part...
Read MoreMarkets are all over the place this week. The rate cut hasn’t worked to restore solvency, and because of that it hasn’t restored confidence. The markets are pushing higher today because of the widely accepted...
Read MoreIf there was any doubt that the Village wants to see a McCain-Clinton contest, it was put to rest this weekend. They’ve already called it, the next nine and a half months or so are just to let the inevitable happen,...
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