Wait Wait I need a rate cut... No Wait Wait I need more liquidity...  No Wait Wait I need a common European approach...  No Wait Wait I need capitulation... Get the idea! When I hear these traders I just gag! I am not kidding here. Let me put it simple. The traders are up shit's creek without a...

Many people were complaining about how the central banks and Fed kept pumping in money. You know trying to keep things afloat. The reason has to do with confidence (which you already heard) and keeping credit moving (which you also already heard). Though when I hear these politicians sometimes I...

Whenever I tell people that I work in a bunker they think, "oh Christian you are working in a concrete basement and speaking metaphorically" No folks, I am speaking very seriously, I have a bunker! | | | --- | | Bunker | My buddy who visited also did not believe me, but when I showed him the doors...

Many critique Wall Street on this mess. Well, folks, yes Wall Street bears some blame, but let me remind you the reader on what was a prime motivator. Read the blog, I really want you to. This blog entry was written in February 2007, just months before this mess was about to start. > Same payment...

Time and time again I hear about how banning shorting, or restricting shorting is counter-productive and would require banning or restricting going long. I had a think about this over the weekend and have come to the conclusion it is not the same thing, but very different in two major aspects;...

You have all probably heard what Steinbrueck has said.. > Steinbrueck criticized the United States for failing to adequately regulate investment banks and said free-market policies embraced by the United States and Great Britain that emphasized a short-term "insane drive for higher and higher...

Daily Kos is a left-wing political blog, but they have a pretty good writeup of what is happening with these "credit swaps" and AIG, etc. It reminded me of reading about mortgage-backed securities about this time last year, just as the shit was hitting the fan in the mortgage market. Now I'm...

A couple of days ago Cramer ranted on how the SEC should do something about shorting. On July 30 of this year I complained about naked shorting! I have had debates with many people on this issue. What the SEC has done is superb! Before any of you start talking about socialism, and market...

The market is down because of the de-leveraging taking place. They are selling because they have to sell... How do I know? Whispers and those stocks that have been heavily shorted are up. I also don't think that there is money waiting on the sidelines. I think that is a fairytale! BTW I am putting...

The financial community right now is in melt-down and many think that the world is coming to an end. The question many are asking if the investment banking model is dead? Answer, no, it will just morph. The thing about finance is that it works until it does not work anymore. So right now things are...