Posts Categorized: Jim’s Mailbox

Jim’s Mailbox

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Jim, Today’s security markets were about the most subdued I ever have seen. Things were so quiet that for several hours half of the floor traders crowded into a small bathroom at the New York Stock Exchange to watch a new coat of paint dry. There were active discussions over whether the color was grayish… Read more »

Jim’s Mailbox

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Jim, Yeah and later they do the same thing for another reason or just simply take the money and replace it with Treasuries in a "national emergency". CIGA Ken Boehner backs pension-linked plan for highway funds Reuters with CNBC.com House Speaker John Boehner said Wednesday he welcomes a plan to extend U.S. highway funding until… Read more »

Jim’s Mailbox

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Jim, We will see if Father Winter helps Putin and Gazprom as usual.  Ukraine will use IMF loans to buy NG from EU. While the EU/US may have temporarily outfoxed the Russians, it will in the end be a bigger trap for the West.  If the EU will be the supplier to Ukraine, then where… Read more »

Jim’s Mailbox

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Jim, Watch what they do, not do what they say. CIGA Perry Excerpt: Antonis Samaras, the Greek prime minister, echoed Mr Li’s remarks on Friday as the two men inaugurated a 17km rail link from a Chinese-controlled container operation at Piraeus port to the main line connecting Greece with the Balkans and central Europe. Click… Read more »

Jim’s Mailbox

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Jim, And just to be sure the point is driven home… JPMorgan Chase – zombie bank Total Assets: $1,947,794,000,000 (nearly 1.95 trillion dollars) Total Exposure To Derivatives: $71,289,673,000,000 (more than 71 trillion dollars) Citibank – zombie bank Total Assets: $1,319,359,000,000 (a bit more than 1.3 trillion dollars) Total Exposure To Derivatives: $60,398,289,000,000 (more than 60… Read more »

Jim’s Mailbox

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Jim, This is how much I understand these markets: I would have bet 1 whole yen that gold would have been pummeled after the FOMC bulls$#@ pronouncements. Instead it’s up a bit. I’m going to apply for a job at JP Morgan. Thanks for all your efforts, CIGA Matt Matt, The scent of inflation is… Read more »

Jim’s Mailbox

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Dear CIGAs, The Financial Times did a story over the weekend entitled "Central banks shift into equities". Zero Hedge put this up Monday morning in response. The Official Monetary and Institutional Forum now says that central banks have invested $29.1 trillion into the global equity markets. Before going in to this, now we have a… Read more »

Jim’s Mailbox

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Jim, Heaven help the individual who tries to shelter his taxes in Swiss bank accounts! The IRS and US Government will go to the ends of the earth to nab you. But… if you are a US corporation, like Apple, well that’s another story. CIGA Wolfgang Rech Here’s How Much Money Apple Avoids Paying In… Read more »