
Failure Is Not a Possibility
Technically Speaking, Market Analysis and Theory —
Maybe Tim Geithner's copy of The Black Swan is stuck under his tax return. Good trading and great risk management to all. Educational use only. Never intended as investment advice. ...
Geithner's Arrogance Knows No Bounds
Mish's Global Economic Trend Analysis —
Inquiring minds are listening to Geithner explain to Congress how his plan works. Here is a transcript of a conversation between Rep Gresham Barrett and Treasury Secretary Geithner. Rep Gresham Barrett: "The last question I have guys, which is the $64 million question or I guess I should say $64 trillion question is: What's the backup plan? If everything fails what do we do? Where do we go from here?" Treasury Secretary Geithner: "Congressman this plan will work. This plan because of the authority provided not just by Congress but the treasury and the Fed gives us broad ability to do what you need to do to get through a financial crisis ...
The End Game Approaches
The Market Ticker —
We're about done here folks.
By "done", I mean done with the government's ability to screw around with markets, game the outcome and hide the sausage, if you will, at least to any sort of positive effect.
Today we heard from The Fed that their threatened program to start buying the long end of the Treasury curve will begin ...




