Have we come too far too fast? Could momentum carry stocks higher than they are now – or are we heading toward a dip? Shah appeared on Fox Business this week to discuss the possibility of a very volatile New Year.
The madness of the manipulation machinery on Wall Street knows no bounds.
Remember credit default swaps (CDS)? They’re the risky financial derivatives traded among Federal Deposit Insurance Corp. (FDIC)-insured banks that, during the 2007-’08 financial crisis, took down Lehman Bros. and almost bankrupted giant insurer AIG Inc. (NYSE: AIG).
Well, they never went away. And now they’re making a comeback, and Wall Street is using them in ever more maniacal ways.
They’re back partly because the recently passed federal spending bill reversed a Dodd-Frank rule that said big gambling banks had to separate CDS into units not guaranteed by the FDIC (aka taxpayers).
While I may come back to that, I’m not writing about Congress‘ latest gift to Wall Street today.
- What’s Really Going on Inside the Latest GDP Number
- How Goldman and D.C. Hosed AIG – and the Taxpayers
- Guru Conversation: The Oil and Stocks Rally Most Investors Don’t See Coming
- Wall Street’s Big Boys Bulldoze Through the Spending Bill They Want
- How Wall Street “Jihadists” Are Engineering a Government Shutdown
- Oil, Gas, and Bank Stocks Are Tumbling Fast – What Now?
- Welcome to the Brave New World of Central Bank Tyranny
- Yet Another Washington “Watchdog” Is Nothing But a Beltway Pussycat