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Dear CIGAs,
Both the House of Representatives and the Senate have passed their versions of financial reform legislation. Now, the process of reconciliation takes place between both bodies of Congress to iron out a final bill the President can sign into law. There is plenty in the bill such as new consumer protection,
Continue reading Too Big to Fail Means Too Big to Exist
Dear Jim,
Now we have firm, scientific proof. The leaders of our political and financial institutions are those who lie the best.
Regards, CIGA Pedro
"Parents should not be alarmed if their child tells a fib," said Dr Kang Lee, director of the Institute of Child Study at Toronto University who carried out the
Continue reading Jim’s Mailbox
Jim Sinclair’s Commentary
If the financial bill contained no significant controls, if not elimination of the OTC derivative market, it is hollow and meaningless.
Wall St. money floods D.C. in finance bill fight Lobbyists, who have spent $1.7 billion in 10 years, seek payback By Eric Lichtblau and Edward Wyatt updated 5:06 a.m. ET,
Continue reading In The News Today
Dear Jim,
The "Recovery" continues apace.
Regards, CIGA Pedro
April mass layoffs rise led by manufacturing
(Reuters) – The number of mass layoffs by U.S. employers rose in April led by manufacturers who shed workers even as the economy began to recover.
The Labor Department said the number of mass layoff events — defined
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Dear Friends,
For the past two weeks I have been observing a divergence from what has been a fairly reliable pattern involving the Swap Dealers and the big Commercials (Producer/User/Merchant/Processor) category. I remarked about this last week in my comments and mentioned that we would be watching to see if this divergence looks like
Continue reading Trader Dan Comments On This Week’s COT Data
Quote Of The Day
"Price is often the domain of panic. Time, however, is always the domain of profit." –CIGA Eric
Jim Sinclair’s Commentary
Government statistics are showing no inflation, yet if you take the kids see the new Shrek movie it will cost you $20 per person, popcorn not included.
Every time
Continue reading In The News Today
Dear CIGAs,
While the stock market was beginning its 376 point plunge yesterday, the Federal Deposit Insurance Corporation was quietly putting the best face it could on a banking system in serious trouble. In a press release to update the status of the insurance fund, the big positive headline was, “FDIC-Insured Institutions Earned $18
Continue reading FDIC Insurance Fund Still $20 Billion in the Hole
Dear CIGAs,
No matter how difficult the ride in gold may be, Mr. Fred assures us that there is light at the end of the tunnel.
Thoughts For The Day
1. Gold is going to $1650 and higher. 2. We have seen this so many times since gold was at $248 and
Continue reading In The News Today
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