Trading Tips with John Bougearel

The spike down to 1056 today in the SP500 was related to bank trading desks (who says their trading desks are benign, remember this day when they report Q2 earnings and so-called trading profits in July 2010 and when future crisis arise) unwinding their overleveraged positions. They (the banks) really are jackasses with regard to [...]

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Former general counsel at the US Treasury Peter Wallison said that Fannie Mae and Freddie Mac were too powerful to regulate. The US Treasury is now going to provide unlimited support to these agencies for the next three years.  This is one solution to Mr. Geithner’s “Nunca Mas” policy to do whatever it takes to [...]

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Businesses already burdened by the global recession will likely soon see another drag on its ability to weather the financial storm. Either they provide health insurance to full-timers or pay a % of their payroll to Treasury. Obama says “the stars are aligned”
Wisegal movie full
Howards End hd
Dance of the Dead release

Dr. Dolittle: [...]

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by John Bougearel ~ author of Riding the Storm Out
“We’re going to move quickly to lay out a new financing program to deal with these legacy assets,” Geithner said in an interview with Bloomberg television at a meeting of Group of 20 finance ministers in Horsham, England, last weekend. “We have and expect to see [...]

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Well, if you thought it made no sense whatsoever for the govt to force taxpayers to invest in trash, guess what, now you don’t have to! Now, they tell us we are going to be making forced charitable contributions. You can bet your bippy, I will be deducting these charitable contributions from my taxable income!
From [...]

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As Obama prepares to implement the part II of Paulson’s TARP I, his top economic advisor wants to restore a flawed economic model that brought America to its knees. Only in America, right?
The focus for TARP II Summers says has shifted from stabilizing the financial system to getting people to spend again.
“The focus isn’t going [...]

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“Obama — backed by the conclusions of a broad range of economists — believes that China is manipulating its currency,” Geithner told Senators in written testimony. “The question is how and when to broach the subject in order to do more good than harm.” Obama’s team will “forge an integrated strategy on how best to [...]

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Every day there is a new leak out of Washington it seems. Why even set a May 4 “stress-test” release date. The leaks themselves are frustrating for those of us who appreciate knowing when and where a curve ball is going to be released so we can hedge it.
I can’t wait until this crap is [...]

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