Did the Stock Market Receive a Secret Bailout?

Is someone in the Government-Banking Complex actively manipulating the Stock Market? Only a few days ago, the stock market was groaning and “analysts” were blaming Ebola panic. But then things changed. Yesterday ended a four-day “winning streak” for the S&P. I suspect that there will be more descent today. But it is hard to say since the indices seem to sometimes gain the power to levitate. Which brings us to the question of what happened to turn the Stock Market around. John Read more […]

Auto Loans: The Entire Subprime Crisis is About to Happen Again

When the mortgage crisis hit, many people thought that it couldn’t take down the entire economy and bring about recession. They were wrong. So I have no way of knowing just how much damage the subprime bubble in used car loans is going to do. It could be less traumatic than the crash of 2008. But it could also be much worse as far as I know. Dealbook reports, Auto loans to people with tarnished credit have risen more than 130 percent in the five years since the immediate aftermath of the Read more […]

Obama-chaos Has Begun: (Un?)Insured Leave Hospital Without Treatment

The UK’s Daily Mail is reporting on the (completely predictable and predicted) carnage: Hospital staff in Northern Virginia are turning away sick people on a frigid Thursday morning because they can’t determine whether their Obamacare insurance plans are in effect. Patients in a close-in DC suburb who think they’ve signed up for new insurance plans are struggling to show their December enrollments are in force, and health care administrators aren’t taking their word for it. In place of quick Read more […]

Mainstream Media Doesn’t Want You To Stare Directly At Our Economy

What a lovely headline from the Associated Press at the L. A. Times website! “U. S. economy adds 204,000 jobs in October” And then the teaser tells us that the media is even willing to weaken their mantra about how the government “shut down” (as if!) hurt the economy: “The burst of hiring comes despite the 16-day government shutdown…” And then a slight bit of bad news: “The unemployment rate ticks up to 7.3%.” But even that bit of bad news is soon dispelled: The U.S. economy added Read more […]

Debt and Bubbles from Bloomberg TV

The headline says it all: “US Debt Is A Black Cloud Over Investors.” Steve Holland of The Holland Group was discussing “why we’re seeing a rally” in US markets with Angie Lau on Bloomberg Television’s “First Up.” Holland listed a lot of short term positive signs, but his outlook did not seem positive at all when he was done. Listen especially at 1:53 and following. [Click here if the video does not work below] Hearing Holland mention the debt as a reason that investors fear the US economy Read more […]