Britannia Radio

 Are We Forgetting Something Here?
by Brian Pretti

It is clear that credit cycle reconciliation events are moving fast. Deleveraging, a theme I have been incessantly harping on almost all year, has clearly kicked into high gear. It’s thought in various circles that Paulson and friends helped engineer the near vertical decline in commodity prices sparked in mid-July. That spark clearly set off a firestorm of hedge liquidation that I believe continues to the present. Following closely behind the commodity price collapse was Fannie and Freddie returning to whom we always knew was their rightful owner – US taxpayers. But when Lehman was allowed to disappear into the night shortly thereafter by the head chefs at the Fed and Treasury, the scramble for liquidity and deleveraging began in earnest on a macro basis. What lay behind this acceleration phenomenon? In part the always hidden and always shrouded derivatives markets. What follows is a snippet from our subscriber site reminding us that amidst the sound, fury, emotion and hysteria of the moment regarding the current bank bailout proposal, there is yet another issue that has not been addressed. 
Full article.

1st Hour with Jim & Team  Robert McHugh  Technical Peter Schiff Economy Roger Conrad Energy Metals Roundtable: Jeffrey Christian John Doody David Morgan James Turk3rd Hour  with Jim & John Part 1 - The Beginning of the End - The Killer Storm Part 2 - Robert L. Hirsch, Senior Energy Advisor, MISI - Matthew R. Simmons, Chairman, Simmons & Company International - Chris Skrebowski, Editor, UK Petroleum Review Part 3 - Q-Calls

Sept. 20 transcript now available 2nd Hour  Guest Experts Doug Noland Market Strategist, David Tice & Associates Topic: Update on the current credit crisis - worse than expected

Financial Sense Editorials

09/29 This Week: Black Hole by Peter Navarro, Ph.D.
09/29 A Horrible Mess, and How We Got There by Oliver Garret
09/29 The Message of this Election Year Stock Market by Thomas Au
09/29 The Government Fights the Tape by Ghassan Abdallah, Ph.D.
09/29 Th*nk*ng (Gyrations) by Fred Cederholm