ClusterF$#@ to the Poorhouse
By Barry Ritholtz - December 17th, 2009, 10:21AM
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Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben
Macro Notes
CFTC data, euro net shorts fall 38%Peter Boockvar
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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December 17th, 2009 at 11:38 am
Thanks for the bailout, suckers! We’ll be back for more next year…
December 17th, 2009 at 2:45 pm
ClusterF$#@ to the Poorhouse
the Title, itself, alone, is genius.
How does One say more than that?
December 17th, 2009 at 10:03 pm
Those CEOs’ contempt for the President is despicable.
The American taxpayers give a 0% loan to private banks, so they can loan it back to American taxpayers at 6% to 30% and higher. I try not to think about it too much because when I do all my stress symptoms go up.
Why not just criss-cross the USA in DC-10s loaded with pallets of $100 bills and just hand them out to neighborhoods, the way the military does when they’re trying to pay off warlords in Afghanistan and Iraq? Too blatantly Marxist, I guess.