Bear Wisdom

The US government stabbed millions of voters in the back, and bent to the wishes of Wall Street Corporations.  Although hundreds of economist, including Anna Schwartz stated that this Wall Street Bailout was not a good or well thought out plan, the Senate, Congress, and the President passed it…
In most areas voters that [...]

Source = Reuters.com
http://www.reuters.com/article/forexNews/idUSTRE49N1XX20081024
-          The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
 
-          A meeting between Asian and European leaders, starting on Friday in Beijing, presented the [...]

Source = LA Times
http://www.latimes.com/business/la-fi-countrywide24-2008oct24,0,2554852.story
To Qualify: 
-         
 subprime
mortgages or pay-option adjustable-rate home loans only.
The Deal: 
-         
Temporarily cut interest rates on some loans to
as low as 2.5%
-         
Some borrowers who owe more than their homes are
worth could even see their loan balances reduced, giving them equity once again
in their properties.
-         
The idea is to modify a loan’s terms [...]

Lahde, 37, nailed the subprime collapse, and reaped a reported 866% one-year return on his call.
“What I have learned about the hedge fund business is that I hate it.” I could not agree more with that statement. I was in this game for the money. The low hanging fruit, i.e. idiots whose parents [...]

China must be flexing their muscles.
Rep. Peter DeFazio, D-OR video – http://www.cnbc.com/id/15840232?video=874138769&play=1
Paul O’Neill:
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.
“Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too [...]