Financial topics

[Higgenbotham]

This graphic does a good job of illustrating who has needed to become more accountable since 2009. The institutions as illustrated on the left have not needed to but the individuals as illustrated on the right have needed to.

wallstreet-journal-college-tuition.jpg (120.02 KiB) Viewed 3263 times

[John]

I think the "financial engineering" situation is a good example of
what's going on.

This past week's charges by Holder were a total farce. Bank of
America is getting a fine. But as one person said, "Banks don't
commit crimes - bankers do." But not one person is paying a fine and
no one is going to jail. The bankers that purposely defrauded
millions of Americans are each keeping their multi-million dollar
salaries and bonuses.

These bankers contributed billions of dollars in total to Obama's
campaigns, are are still doing so to various Obama programs. This
administration has also targeted journalists, and used the IRS to
target political enemies. Obama and this administration are crooks
far in excess of anything that Nixon ever did. They don't care how
much destruction they create, as long as they get their money and get
their way.

BUT -- the use of subprime loans has been cut back (though not
eliminated), the Libor computation is being done differently, and so
forth. Since 2008, the pendulum has been swinging back. The things
that were practiced without question prior to 2008 today are at least
question, and often forbidden.

With regard to Fukushima, I haven't followed this issue as you have,
but I'm going to guess that a lot of steps have been taken to make
sure that it doesn't happen again, even if the past perpetrators are
still going free.

[Higgenbotham]

BUT -- the use of subprime loans has been cut back (though not
eliminated), the Libor computation is being done differently, and so
forth. Since 2008, the pendulum has been swinging back. The things
that were practiced without question prior to 2008 today are at least
question, and often forbidden.

I'm not sure but in terms of absolute numbers I would guess you are probably right. But check out this article on the junk bonds fueling the shale boom.
http://www.businessweek.com/articles/20 ... e-gas-boom

[aedens]

Trimming positions as most merged such as qre and cardinal. The other book with epb drop down got merged. The consolidation was not totaly missed on
our view but reaching into deeper pockets since indeed the rentiers and speculators will be failing books. Moodys rating lowered nka but we already sold it.
The majority of stocks are for rent as we noted here very early. I did buy some mmlp. All trades are program trades. I will hold vnrap, memp, bbep and a select
very few tech names.

http://www.suspicious0bservers.org/

Water, wheat, weather are the first thing in the morning.

They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against ‘real’ goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.

When is always sooner than later with debt monkeys.

[Higgenbotham]

http://www.alhambrapartners.com/wp-cont ... orp-HY.jpg
http://www.alhambrapartners.com/wp-cont ... olume1.png

http://davidstockmanscontracorner.com/t ... -cov-lite/

If I understand this right, there are 2 forces at work. One is that the overall subprime loan volume, though higher in terms of corporate junk bond issuance, is lower overall. The second is that the artifical pumping by the Fed has increased system fragility to the point that we are probably more fragile than in 2008, even tbough subprime loan volume itself is lower overall.

[aedens]

Syndicated loans he notes sums it up. Velvit rope. Keynes and Hayek only differed in the timing to preserve
or eliminate "legal" cartel players and the definition of moral hazzard.

No thinking man is surprised to the communicated silent universals of political realism.

http://www.hri.org/por/thucydides.html

http://seekingalpha.com/article/2443445 ... ins-intact
As a reminder, the ~124-mile interstate Constitution Pipeline is being designed with a capacity to transport 650,000 dekatherms of natural gas per day from Susquehanna County in northeast Pennsylvania to major northeastern markets, including New York, New England and Canada.

KMI makes some sense but will hold only since el paso pipeline got picked back up by kinder morgan.

As we know the election cycle will pass and new york and california will reap what they sow on lost revenue issues. I do not even pretend
to understand how corrupted the left and right political coasts is anymore. Locally we have seen how and who looted us in addition to the wasting process of fact.
As we seen californian earning $60,000. A current federal rate of 25%, a 9.5% California rate, and 15.3% payroll tax yield a combined income tax rate of 45%.
The income tax increases to cover the CBO's projected federal deficit in 2016 raises that to 52%.
Why even stay in those red diaper zones.

I do have canadians in condensate and liquid. I do not delve into tar sand holdings. I expect "guess" hedges at $85.00 and above $65.00 dcf profitability for producers.
As we seen the off market storage hedges are winding down. Anyways.... http://www.mlpdata.com/YieldtoCoverage

http://ourfiniteworld.com/2014/08/14/en ... rinciples/ <------ inputs cost will decide as we all know

http://www.youtube.com/watch?v=zXZj4O5T25I

Once you understand barrier costs it becomes very clear to this current wasting process we covered in subsequent details.
Hayek knew this as did Keynes since they only differed on the entry point to sort out needed cartels on what you may remember as the cluster nodes which keep these neo pagans today from eating each other.

Old news for a new day https://earthchangesmedia.com/

http://gdxforum.com/forum/viewtopic.php ... 350#p25012 as seen

Bagehot: character of leaders was often more important than their political affiliation or beliefs so yes it is about clear details.

[aedens]

http://gdxforum.com/forum/search.php?ke ... sf=msgonly

http://www.zerohedge.com/news/2014-08-2 ... turns-home

http://wordsmith.org/words/pangloss.html

Was there ever so preposterous an absurdity as Dr. Pangloss?
Foote, G. W. (George William)

Indeed they are insane with details.

http://olduvai.ca/?p=26755

[Higgenbotham]

No, the thing is he posed as a progressive and turned out to be counterfeit. We ended up with a Wall Street presidency, a drone presidency, a national security presidency. The torturers go free. The Wall Street executives go free. The war crimes in the Middle East, especially now in Gaza, the war criminals go free. And yet, you know, he acted as if he was both a progressive and as if he was concerned about the issues of serious injustice and inequality and it turned out that he’s just another neoliberal centrist with a smile and with a nice rhetorical flair. And that’s a very sad moment in the history of the nation because we are—we’re an empire in decline. Our culture is in increasing decay. Our school systems are in deep trouble. Our political system is dysfunctional. Our leaders are more and more bought off with legalized bribery and normalized corruption in Congress and too much of our civil life. You would think that we needed somebody—a Lincoln-like figure who could revive some democratic spirit and democratic possibility.

He doesn’t realize that a great leader, a statesperson, doesn’t just occupy middle ground. They occupy higher ground or the moral ground or even sometimes the holy ground. But the middle ground is not the place to go if you’re going to show courage and vision. And I think that’s his modus operandi. He always moves to the middle ground. It turned out that historically, this was not a moment for a middle-ground politician. We needed a high-ground statesperson and it’s clear now he’s not the one.

Eric Holder won’t touch the Wall Street executives; they’re his friends. He might charge them some money. They want to celebrate. This money is just a tax write-off for these people. There’s no accountability. No answerability. No responsibility that these people have to take at all.

I think a post-Obama America is an America in post-traumatic depression. Because the levels of disillusionment are so deep.

http://www.salon.com/2014/08/24/cornel_ ... residency/

[aedens]

http://www.solen.info/solar/images/comp ... cycles.png

True, we picked the middle here for common ground h.

I stick to my pointless view if lucky by the fall of 2015 until systemic failures cratering in and the rot just implodes. Oct 25, 2009

totalitarian political system masquerading as a religion
moderates understand confusion shelters corruption

"The rules of morality are not the conclusions of our reason." - David Hume

Who ever said we topple first....

The raw evil today is nothing seen coming.

[Higgenbotham]

The only thing I would add to what Cornel West said is, once again, it is not just Wall Street or finance we are talking about in terms of this modus operandi. It runs from top to bottom and across a broad spectrum from food to environment to education to health to energy to transportation, etc. That's about all I can really add to what we've been discussing here for 5 years in this "Finance and Investments" topic, though we have veered off from time to time and discussed some of it. Eric Holder hasn't touched the Wall Street executives and he is not going to touch any of the fraudulent executives and it is not just Wall Street. It runs through the entire economy nearly without exception.