The SEC has it backwards

The SEC has it backwards

Have the markets already gone through their inflationary melt up phase? Are they now giving way to debt deflation, in which cash is hoarded and the price of all assets (tangible and otherwise) falls? Well…no.

So far this year, 25 airlines have collapsed. Those that have survived have taken on hefty losses. The seven biggest US carriers had combined 2Q losses of almost $6 billion.

Is your money safe if your bank goes belly up? The Federal Desposit Insurance Corporation (FDIC) insures you in case the worst should happen… but only up to $100,000. So, what happens if your account exceeds this limit?

Strategic Investment editor Dan Amoss is sure of one thing: Every paper currency in history eventually fell to its intrinsic value: zero. And the dollar is no different.

Dan says Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) shareholders could be wiped out by debt offerings by next summer.

Northern Rock (PINK:NHRKF) in Britain, Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) in the US, Aerolineas Argentinas in Argentina. Governments across the world are nationalizing - at least implicitly - struggling private enterprises.

The federal budget deficit hasn’t received a lot of press lately, what with all the worries about the U.S. financial system, the home mortgage market, and the rescues that might be necessary to save both.

The housing plan - which now includes provisions to bail out Fannie and Freddie - is now likely to become law within days. The problem is the bill is “a major-league privacy threat,” according to Dave Gonigam in Desidooru Saloon. Of course, the mainstream media hasn’t given this angle of the story much coverage…

Tom Dyson says the best way to protect your portfolio from the fallout of a failing Fannie and Freddie is to invest in high-dividend stocks…

The fundamentals of economic strife based on the disastrous collapse of the U.S. housing market will not get better any time soon. In fact, what’s being pushed through both houses of Congress, even as you read this, is so dangerous that it should be immediately abandoned and revealed for what it is - a ticking time bomb labeled with the initials FHA.

If you think the “Lost Decade” Japan endured during the 1990s was deep and painful, stick around: As the global financial crisis that was jump-started by the meltdown of the subprime mortgage market continues to unwind, the U.S. economy is headed for a financial Ice Age that will make Japan’s 10 wasted years seem like a single chilly night.

The Securities and Exchange Commission (SEC) moved against short sellers this week. This is a gross double standard, says Dave Gonigam in Desidooru Saloon. Many of the companies the SEC is protecting from short sellers profit from shorting stocks…

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Washington has dug a trillion-dollar hole. Fortunately, select puts offer traders a million-dollar shovel to dig themselves out. Sometimes it seems that public prominence magnifies our oh-so-human flaws. Bad habits and character defects that we all share become crises that can destroy a company, a market or even an economy