[7:52am ET] I have yet to hear a logical explanation as to when the financial system crisis will be over, and why. But the more I read leads me to believe it could take a couple years.
The IMF, which is doing research in this area, has published an extensive paper called the Global Financial Stability Report. Here is the link to Chapter 1:
http://www.imf.org/external/pubs/ft/gfsr/2009/01/pdf/chap1.pdf
The IMF website contains the links to all chapters:
http://www.imf.org/external/pubs/ft/gfsr/2009/01/index.htm
IMF summarizes their report’s opening chapter as follows:
[8:30am ET] Yesterday, and on the weekend, I asked the question,
[8:30am ET] Yesterday, and on the weekend, I asked the question,
[8:06am ET] Gold trading late last week led me to ask the following questions: Capitulation or Manipulation? Buying Opportunity or Crisis?
[7:40am ET] We all need to think about how quickly the world about us has been changing. In fact this popular 2008 presentation, which is already outdated, discusses the paradigm shift. You can only conclude that we live in exponential times.
http://www.youtube.com/watch?v=cL9Wu2kWwSY
[9:35am ET] The amount of government in our lives has become overwhelming. I believe the problem has a lot to do with lobbyists who have become very sophisticated and well-funded. Something must be done before the largest capital market in the world seizes up from non-confidence.
Anyone who operates in Hong Kong or Singapore must be having a good laugh these days. I have been giving serious thought in joining them
[5:50am ET] Today
[7:58am ET] If the White House believed that what the capital markets needed to recover was a full-out public relations exercise from Obama, Bernanke and Summers, as we saw yesterday afternoon, they were mistaken. After these leaders addressed the nation, the US equity market dropped over -1%.
[8:58am ET] I will be watching closely today as the President speaks about the economy. Will he appear Presidential or will he, once again, act like he is America
[8:06am ET] Now that this is earnings season, the story of the week, I believe, will be the close scrutiny of the leading banks that will be demanded by US taxpayers. People are angry over the lack of full disclosure coming from Humungous Bank & Broker, and they are demanding much greater transparency with respect to TARP, TALF and stress tests, plus independent investigation possibly leading to prosecution.
[7:17am ET] Happy Easter! This is a five-year anniversary for the blog, starting with TraderWizard.com until mid-December 2004, then to BillCara.com, and finally to CaraCommunity.com in 2008, where it shall stay because this is a free blog for the community.
BillCara.com will soon become a web portal for access to (i) the community blog, (ii) Trader Wizard commerce site (conferences, books, Vad
[7:17am ET] Happy Easter! This is a five-year anniversary for the blog, starting with TraderWizard.com until mid-December 2004, then to BillCara.com, and finally to CaraCommunity.com in 2008, where it shall stay because this is a free blog for the community.
BillCara.com will soon become a web portal for access to (i) the community blog, (ii) Trader Wizard commerce site (conferences, books, Vad
[6:55am ET] Re possible changes in organizing the Discourse, the posting yesterday from this community is itself a study in sociology worthy of a doctorate thesis. The word phenomenon comes to mind every day I scroll through these posts.
I think back almost five years when I started this blog and Forbes and Barron
[7:25am ET] I have two insights into the minds of the leaders of Humungous Bank & Broker (HB&B) that I
[8:28am ET] Whenever there is a liquidity bubble and whenever there is a liquidity squeeze, ask yourself who is it that prints the money, and at times calls it back in. In the US, it isn
[8:28am ET] Whenever there is a liquidity bubble and whenever there is a liquidity squeeze, ask yourself who is it that prints the money, and at times calls it back in. In the US, it isn
[8:14am ET] It
[7:26am ET] A year ago, I accurately predicted
[7:15am ET] Yesterday I remarked that
[9:33am ET] In addition to the need to focus on the price and volume trading data, while ignoring the media reports involving politics and money, traders ought to consider the long-term impact on capital markets of (i) a world reserve currency, and (ii) new US securities regulations.
As I see it, the same people are in control of the US Presidency, Administration, Congress, the Fed and HB&B, the CIA and the mainstream media, so changes to come will serve the authorities and the insider networks ahead of the people. It will be a different type of business, perhaps, but business as usual.
[8:34am ET] Is the globalization protest not one of reacting to the growing political influence in the lives of the working people? Never in my lifetime have I seen money and politics so inextricably linked. Never in my lifetime have I seen a US President so unhesitatingly override the lawful rights of corporations and employees and attack the freedom of capital markets.
[8:07am ET] In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule.
The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to
Bill is going to be late to the party today, so I’m opening up the usual articles now. Hopefully he’ll show up later. – Jeff
Bill is going to be late to the party today, so I’m opening up the usual articles now. Hopefully he’ll show up later. – Jeff