Dear CIGAs,
For anyone that thinks the mortgage reset problem is over, a review of the following from Credit Suisse is mandatory. First the average guys get killed then the leveraged big boys go down hard.

 
Jim Sinclair’s Commentary
The growth business of 2009 – 2012 is prison-run Organized Crime, symbol PROC, now estimated at 150,000 trained and [...]

Click here for this month’s action in Gold in various currencies, Silver, the Broad Dollar Index and SPDR (GLD) Gold holdings with commentary from Trader Dan Norcini

Dear CIGAs,
1. The change is not abrupt. It has been cooking for years.
2. Yesterday the change was set in cement as completed.
3. GM is only the first.
4. From now on rather than public corporate management looking to stockholders, their vision will be towards Washington from whom they will take their clues to act.
5. Finance, having [...]

Jim,
This is very disturbing. You may have seen this already but it is a tutorial that explains how the toxic assets are taken off of the bank’s books and given to the American citizen via the FDIC guarantee. The real kicker is the banks can do all this by purchasing the toxic assets from [...]

THINGS ARE A LOT MORE COMPLICATED THAN THEY SEEM
One of the purposes of these pages is to give information in an understandable way to those who are not burdened with a PhD in economics or financial engineering.  Those benighted souls will have to deal with their disabilities on their own.  We try to make [...]