My Dear Friends,
China tells the Wall Street OTC derivative manufacturers and distributors to go straight to hell.
China has invoked a "Stop Loss" on these fraud ridden instruments.
If you create a specific performance contract that you know under even the slightest pressure cannot perform, you have committed fraud.
My English bull dog Mia, bless her soul, [...]

Jim Sinclair’s Commentary
Regional banks are now in deep trouble.
Commercial Mortgage Defaults Jump for U.S. Banks By Hui-yong Yu
Aug. 31 (Bloomberg) — The default rate on commercial mortgages held by U.S. banks more than doubled in the second quarter from a year earlier amid falling rents and occupancies for malls, office [...]

Dear Jim,
Apparently pulling trillions out of an already weak economy with double digit unemployment is child’s play.
Who are these talking heads kidding!
CIGA Marc 77
Fed Can Avoid Inflation Danger: NY Fed President Published: Monday, 31 Aug 2009 | 7:38 AM ET
Fears of inflation because of the Federal Reserve’s massive quantitative easing measures [...]

Dear Friends,
Martin Armstrong’s latest contribution poses the question of whether or not gold will go to $5000.
He does say it will reach $3000.
Mr. Armstrong, although living a complex life probably as a victim, has NOT been wrong ONCE on trend since I first knew him in the 1970s.
Keep in mind that loss of confidence in [...]

Jim Sinclair’s Commentary
"Broken Bank Fridays" are going to be double digit days for a long time to come.
This is a good review.
FDIC Insured Institutions have $13.3 Trillion in Assets. 8,195 Banks and 116 Institutions Hold $10.2 Trillion of Those Assets. One out of Four Institutions Unprofitable. 1,000 Banks Will Fail or Merge.
The banking system has [...]