by irdadmin | Jul 1, 2017 | Financial Markets, Market Manipulation, U.S. Economy
Jason Burack (Wall St for Main St) interviews notable Tesla bear, Mark Spiegel. As readers know, I’m in agreement with Spiegel in thinking Tesla stock is worth zero. In fact, I’ve stated publicly that I’m trying to decide if the world’s...
by irdadmin | Jun 30, 2017 | Financial Markets, Market Manipulation, U.S. Economy
After it was announced that the Fed gave the big banks a pass on their “stress” test, the TBTFs announced huge dividend and share buyback plans: If the banks had properly marked to market their Level 3 assets and some of their riskiest non-Level 3 assets,...
by irdadmin | Jun 30, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“It’s unequivocal now: We are taking money from the new employees and using it to pay off this liability for the old employees,” said Turner, a Gov. John Hickenlooper appointee. “And some might call that a Ponzi scheme.” – Denver Post, 6/27/17 The people in...
by irdadmin | Jun 29, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
It looks like the western Central Banks are having trouble pushing gold below $1240 right now. After series of high lows in the price of gold since late December, it looks like there’s chance gold is forming the base for the next attempted assault on $1300. At...
by irdadmin | Jun 28, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“We believe the effect of the troubles in the subprime sector on the broader housing market will be limited and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system,” – Fed Chairman,...
by irdadmin | Jun 27, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“Bubbles require ever more money to sustain them. Currently that’s not happening. A severe market selloff could come at any moment.” The quote above is from Fred Hickey, who writes the The High-Tech Strategist newsletter. Mario Draghi, Chairman of...
