Posts Tagged “Garbage”

News Sources wrote an interesting post today on
Here’s a quick excerpt
There is an impressive amount of garbage in today’s headlines to sift through. Most of it, of course, is rubbish. But there are probably two main takeaways from the last 24 hours: don’t fall for the earnings recovery story, and housing is still a sucker’s bet in country’s whose names begin and end with the letter “A”. Let’s take the earnings recovery story first. Tomorrow we’re going to have a look at the outlook for Aussie bank earnings. But for now, is there a case to be made for stocks as a

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News Sources wrote an interesting post today on
Here’s a quick excerpt
With vacation season ending in the Northern Hemisphere, we’ll start to see analysis rooted in experience and common sense driving stock prices. Through much of the summer, trading has been dominated by “quant” funds that are prone to “garbage in, garbage out” decision systems. You can see it in the tick-by-tick movements and in Level 2 quotes. These quant funds typically use backward-looking data on the U.S. economy to drive trading decisions, rather than assess how the outlook for the global ec

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News Sources wrote an interesting post today on
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Rare? Medium Rare? Medium? Well Done? S&P? Indeed, as the last peg in the gradation of burnt to a crisp, S&P smells completely done. As in there isn’t even left a shadow of a doubt that all S&P does is pander to the solicitations of whatever few remaining clients it may have, or, as the case may be, the U.S. government. Any credibility S&P, which one would be excused for confusing with Sycophantic & Pathetic, may have tried to salvage over the past 6 months has been gutted an

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News Sources wrote an interesting post today on
Here’s a quick excerpt
Garbage could be the least of coming worries. In the first 15 days of this month 4,437 houses sold in the greater Toronto area. That was a staggering jump of 27% over last July – when the world was bustling and we had no financial crisis. In the same two-week period, buyers paid, on average, $394,750 for each of those houses, up 4% from the same month a year ago. This is remarkable. Not only because real estate sales volume exploded by almost a third, not only because prices rose more th

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News Sources wrote an interesting post today on
Here’s a quick excerpt
The Perils of Securitization The Biggest Rip Off Ever? By MIKE WHITNEY at CounterPunch I s it possible to make hundreds of billions of dollars in profits on securities that are backed by nothing more than cyber-entries into a loan book? It’s not only possible; it’s been done. And now the scoundrels who cashed in on the swindle have lined up outside the Federal Reserve building to trade their garbage paper for billions of dollars of taxpayer-funded loans. Meanwhile, th

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