By John Galt August 2, 2011 There are very few things that I grew up with as a young boy that I would consider sacrosanct. The world would change as I got older and I figured that cartoons on Saturday morning would evolve and sure enough Looney Tunes disappeared and crap replaced it. Then fast forward to baseball cards going from something fun that one stuck in the spokes of their bike when the player started hitting below .220 and was traded from the home…
By John Galt August 2, 2011 While we have been stuck in a self-absorption no-man’s land due to our medias incessant cycle of useless information about lying politicians and fluffernuttery, the nations of Italy and Spain are in the midst of a Greece-like financial crisis but with implications that can bring down the entire Western banking system from Athens, Greece to Atlanta, GA. Folks, I would suggest if you are not following my program and the news at night, to read the following articles from…
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By John Galt August 2, 2011 Gee, what a shocker. Did anyone honestly think Obama’s “good buddy” Warren “I rape the taxpayer” Buffett would allow this with HIS company? Too bad the markets will do what the ratings agencies won’t. Full story from Reuters via CNBC at link below: Moody’s Confirms US Triple-A Rating, Assigns Negative Outlook
By John Galt August 2, 2011 Boom. No comment is necessary. (Top two charts from INO.com) Another all time high against the dollar…. BOOM! USD/JPY Maybe the Japanese will open up internment camps near Fukushima for anyone insane enough to buy dollars instead of Yen. That’s just brutal. Oh, and a death knell. Welcome to EpicFailureland. (Chart below from Yahoo Finance) I’ll have more tomorrow and on tonight’s show but let’s just say the Obama Economic Miracle is officially over. Now the next really super…
By John Galt August 2, 2011 Today is going to leave a mark. Tonight we’ll discuss the implications of what happens if we see a massive market failure tomorrow and through the end of the week. the hilarity of the “victory” proclaimed by America’s Cheese Eating Surrender Monkeys, and final prep runs should we see the Epic Fail which is entirely possible at this point in time as Europe collapses. To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below…
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