muses of the moment

August 21, 2012

A Waiting Game

Filed under: Credit Derivatives, Economic Crisis, Global Debt, The Financial Crisis — totallygroovygirlfriday @ 1:57 am

Click here for another great insight on the European Banking Collapse from Golem XIV.

Side musing: groovygirl heard an advertisement on a national rock radio station this last weekend for investing in muni bonds. That is the final clue, muni bonds are totally crashing 🙂

4 Comments »

  1. Zerohedge reported yesterday that Buffet is getting out of munis. Buffet terminated 50% of the insurance contracts he has on munis.

    http://www.zerohedge.com/news/buffett-joins-team-whitney-sees-muni-pain-ahead-he-unwinds-half-his-bullish-exposure-ahead-time

    “…Buffett closed the position at substantial losses indicates that the once deified investor is willing to swallow his pride, and despite his massive balance sheet, refuses to wait out the expiration of the insurance, implying he sees not only major shockwaves ahead, but turbulence that is imminent (if only M-Dub had waited until now).”

    Comment by sw — August 21, 2012 @ 12:31 pm

  2. Also coincides with the other big boys.

    Via ZeroHedge:

    Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming
    http://www.zerohedge.com/contributed/2012-08-21/jacob-rothschild-john-paulson-and-george-soros-are-all-betting-financial-disa

    Warren Pollock had an excellent interview with John Xanakis(?) that should wake everyone up. Seems/feels like something BIG is about to happen.

    Comment by soleirolia — August 21, 2012 @ 6:44 pm

  3. Jeff Nielson has posted an interesting article on Bullion Bulls Canada – “Iceland Was Right, We Were Wrong: The IMF”

    http://bullionbullscanada.com/intl-commentary/25744-iceland-was-right-we-were-wrong-the-imf

    “Now in what may be the greatest economic “mea culpa” in history, we have the media admitting that this government/banking/propaganda-machine Troika has been wrong all along. They have been forced to acknowledge that Iceland’s approach to economic triage was the correct approach right from the beginning.”

    “What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail-out the criminal Big Banks – at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.”

    Comment by sw — August 23, 2012 @ 9:54 pm

  4. Excellent link. Thanks!

    gg

    Comment by totallygroovygirlfriday — August 24, 2012 @ 1:38 pm


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