Financial Vagabond

NASDAQ @ 2:43 pm   I have CNBC on in the background and between reading and watching the events unfold one of the anchors labeled the situation perfectly. He essentially said that a close of 200 – 300 (in the DOW) points down won’t send a strong signal to everyone that there really is a [...]

Friday closed up perhaps on anticipation that the bailout package would go through, and make everyone feel warm and fuzzy inside.  We don’t have an agreed upon package and some interesting things are occurring in the market: 1) The Dollar is rallying 2) US markets are down severely 3) World markets are down 4) Bonds are up, [...]

Many of us worry about our own personal bubble or world within.  We sometimes forget that we are part of a larger system.  No, I’m not talking about anything spiritual or religious, but a system as a whole… The Earth is a system and for everything on Earth to function there are interdependencies.  Those interdependencies [...]

  Given the current climate I think a quick look to the past is appropriate: “Two thousand years ago a Roman Senator suggested that all slaves wear white armbands to better identify them.” “No,” said a wise Senator.  ” If they see how many of them they are they will revolt.”   Steal: to take the property [...]

CNBC ran an interesting piece on the accumulated sum of the bailouts to date.  The 700 billion bailout is still in the works, but something is bound to pass through both the House and Senate now that WaMu is toast.  Here is a link to the article. Beside the entire situation to be troubling I [...]

I will be watching this in its entirety shortly, but watched a bit and found it quite intriguing. You can decide for yourself. Sphere: Related Content

Ironic that WaMu’s collapse happens to coincide perfectly with this bailout proposal trying to be hurriedly pushed through Congress.  It will for sure pass now <that was my take last night><now we are seeing major hiccups in the process (thankfully)>.  We have been sold out by various individuals in the United States Government.  Very unfortunate [...]

A picture is worth a trillion words…   Frankly I’m not surprise to see what the Fed is doing and can only imagine what this is going to look like if this bailout goes through.  There is a precedent throughout time that inflating the monetary supply only prolongs the inevitable.  This is a sad state of affairs and I see [...]

While we all have our eyes on Bernake, Paulson, Bush and $700,000,000,000,000.00 what is another $25,000,000,000,000.00 for some automakers. There were signs of distress and as the Financial Times reports (article) they have been lobbying Washington for sometime for a “loan”. The continuing resolution provides funding for $7.5bn, which is the estimated subsidy on the [...]