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Van Hoisington's Latest Observations On The "Growth Recession"
Absolute Flushing of the "Marks" by the Sharks
Posted: Dec 11 2010 By: Eric De Groot Post Edited: December 11, 2010 at 10:33 pm
Filed under: General Editorial
A mistake for whom? There is only one side of the trade here – the right side. Success or failure will be determined by market forces not bureaucrats.
While certain groups will always setup the mark(s), their operations will never alter the secular trends. The Euro will reverse as the dollar inevitably weakens when the specs and retail money have been herded for slaughter to the other side of the trade. Markdown will soon give way to accumulation.
Euro and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
Absolute flushing of the "marks" by the sharks. That’s the kind description.
Euro and the Non-reportable Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
Don’t bet against euro: German finance minister
Sat Dec 11, 11:13 am ETBERLIN (Reuters) – Europe’s single currency is here to stay and those who bet against its survival are making a mistake, German Finance Minister Wolfgang Schaeuble said.
In an interview to appear on Sunday in Bild am Sonntag newspaper, Schaeuble said leaders of all the countries that share the currency agreed — the euro worked toward their common good and a return to national money would be a mistake.
"Those who bet their money against the euro will have no success… the euro will not fail," Schaeuble said. "The euro benefits us all and we will defend it successfully."
European leaders meet next week to discuss ways to solve a euro zone debt crisis which has triggered bailouts for Greece and Ireland and which analysts say could engulf other countries. They are expected to agree the terms of a permanent rescue mechanism for the bloc.
More…
Posted: Dec 11 2010 By: Jim Sinclair Post Edited: December 11, 2010 at 11:06 pm
Filed under: General Editorial
Jim Sinclair’s Commentary
QE to Infinity! Politics continually disgraces itself. ECB plans to keep purchasing government bonds is QE. These are the same people that were attacking Bernanke only 3 weeks ago for his announcement of more QE 2. By the way, Bernanke never stopped. Is anyone out there still not in agreement with me regarding QE to Infinity?
If you agree with me then $1650 is in the bag. Believe me, it is!
ECB to keep purchasing govt. bonds
Sun Dec 5, 2010 11:22AM
The European Central Bank (ECB) says it will keep purchasing the government bonds of debt-ridden countries in a move to calm financial markets.
ECB President Jean-Claude Trichet said the bank will also maintain the status quo on injecting liquidity to troubled governments.
The remarks came after ECB reportedly started buying huge amounts of public debts of Ireland and Portugal to help ease tension on government bond markets.
The bank launched the controversial move in response to the Greek debt crisis in May. But some economists believe the program just provides a temporary solution.
More…
Jim Sinclair’s Commentary
Maybe they should begin posting the banks that aren’t in trouble to save space!
Posted: Dec. 11, 2010
Michigan’s problem banks
FREE PRESS STAFF
Bank ratings firm Bauer Financial considers these Michigan-based banks to be problematic, troubled or worse than troubled!
Bank | Headquarters | Rating |
Bank of Alpena | Alpena | Problematic |
Capitol National Bank | Lansing | Worse than troubled |
Clarkston State Bank | Clarkston | Worse than troubled |
Community Central Bank | Mt. Clemens | Worse than troubled |
Community Shores Bank | Muskegon | Troubled |
Fidelity Bank | Dearborn | Worse than troubled |
First National Bank | Howell | Worse than troubled |
Flagstar Bank | Troy | Problematic |
Independent Bank | Ionia | Problematic |
Macatawa Bank | Holland | Troubled |
Michigan Commerce Bank | Ann Arbor | Worse than troubled |
Monarch Community Bank | Coldwater | Worse than troubled |
Monroe Bank and Trust | Monroe | Problematic |
Northpointe Bank | Grand Rapids | Worse than troubled |
Oxford Bank | Oxford | Worse than troubled |
Paramount Bank | Farmington Hills | Worse than troubled |
Peoples State Bank | Hamtramck | Worse than troubled |
Select Bank | Grand Rapids | Worse than troubled |
State Bank | Fenton | Troubled |
Traverse City State Bank | Traverse City | Problematic |
West Michigan Community Bank | Hudsonville | Troubled |
The Economy Cannot Recover Until the Big Banks Are Broken Up
1.Don't shoot the messenger..
2.listen to the message...
3.Your life could (and probably will) depend on it...
Glenn Beck Warns of Food Riots, Martial Law & Gun Confiscations.
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