Stagger Report

The Secret Cycle

Stagger — Fri, 27 Nov 2009 14:01:57 +0000

The following is the new article published in “The New Yorker” magazine October 12, 2009 issue which includes a brief biography of Marty Armstrong and his “PI” Cycle Theory. This article takes you into understanding how he was able to call exact tops and bottoms in the financial markets…..

The New Yorker article

Happy Turkey day to all the Yankees

Stagger — Thu, 26 Nov 2009 18:21:34 +0000

Watch out for the stampedes at Walmart on Friday

Iceburgs Attacking New Zeland

Stagger — Wed, 25 Nov 2009 15:17:35 +0000

A fleet of more than 100 stray icebergs is approaching New Zeland.

This is the second time in 78 years that such massive ice formations have been spotted so far north of Antarctica according to CNN. The previous occurence was just in 2006. Some of these icebergs are huge, approaching half a kilometer in width.

Read more HERE….

House Prices Are Still Too High

Stagger — Wed, 25 Nov 2009 15:12:16 +0000

The modest recovery in house prices over the past four months caught almost everyone by surprise, including those who are now explaining it away as an obvious byproduct of artificially low interest rates and the home-buyer tax credit.

The recovery’s momentum is slowing, however, and it seems likely that house prices will now resume their fall and drop another 10%-15%

Ben Bernanke’s 1938 Parallel

Stagger — Mon, 23 Nov 2009 16:03:40 +0000

For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate — a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know all about 1938.

That’s when the Standard & Poor’s 500 Index climbed 25 percent even as bill rates tumbled to 0.05 percent from 0.45 percent. As 1939 began, stocks began a three-year, 34 percent decline after the Fed increased borrowing costs prematurely to stymie inflation that never materialized.

Read more HERE….

Wave of Debt Payments Facing U.S. Government

Stagger — Mon, 23 Nov 2009 15:59:18 +0000

The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer.

Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.
Read more HERE….

Man trapped in 23-year ‘coma’ reveals horror of being unable to tell doctors he was conscious

Stagger — Mon, 23 Nov 2009 15:45:44 +0000

A car crash victim has spoken of the horror he endured for 23 years after he was misdiagnosed as being in a coma when he was conscious the whole time.

Rom Houben, trapped in his paralysed body after a car crash, described his real-life nightmare as he screamed to doctors that he could hear them – but could make no sound.

Read more HERE….

Financial Accounting: We are broke but figures show we are rich

Stagger — Fri, 20 Nov 2009 14:43:32 +0000

If you look back into the dark days of the crisis, everyone and their brother was condemning mark-to-market accounting. And the reason was that the bulk of the assets on the balance sheets of the “capital market banks” are trading assets and investments subject to marked-to-market accounting. So when things were going down in price, the lower asset prices had to be immediately reported.

Since March, however, mark-to-market accounting has worked like a flywheel for the capital market banks. Not only have better marks (higher prices) brought enormous earnings to those banks’ bottom lines, but because everyone was so focused on the financial condition of the banks, their turn propelled the whole market higher. And as the markets recovered, these same capital market banks then benefited from the underwriting fees associated with the huge surge in both equity and long-term debt issuance.

Jobs reports ‘riddled with inaccuracies’

Stagger — Fri, 20 Nov 2009 14:37:23 +0000

WASHINGTON — The reports on jobs created or saved by the $787 billion stimulus package are “riddled with inaccuracies and contradictions,” the federal watchdog overseeing the spending acknowledged Thursday.

Phoenix Coyotes Sold To NHL For $140 Million!!!!!

Stagger — Fri, 20 Nov 2009 14:31:28 +0000

The Phoenix Coyotes have been sold to the National Hockey League. U.S Bankruptcy Court Judge Redfield Baum approved the $140 million sale of the hockey team by Phoenix businessman Jerry Moyes to the NHL.

What was wrong with the $242.5 million bid from Jim Balsillie again?

Read more HERE….