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May 29, 2009



buyer of last resort (taxpayer) losin his ars.. pass the hot potato, it's gettin hotter. only song that comes to my feeble mind, banzai: "I don't want her, you can have her, she's too fat for me"..

John M

I am terminally confused about the bond markets. Real experts are even more confused, and I expect Bill Gross' June commentary to be more confused yet. When there are statistics available, they don't seem to make a whole lot of sense. Cenbank holdings of agencies since Dec 31st in particular make less than no sense.


Bailout Economics 101.

There is so much cheap bailout capital sloshing around in the system. How else can you explain what's going on? Markets up despite a constant stream of poor news from housing, increasing foreclosure, increasing unemployment, mega bankruptcies etc. Meanwhile crude is creeping back up as well.

This will be known as the bailout bubble.

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