Monthly Archives: July 2011

Graham Summers’ Weekly Market Forecast (the Truth About Europe Edition)

Given the ridiculous number of rumors (and ridiculousness of some of the rumors) related to the US and EU debt talks that are circling the financial community, I thought it best that we confront the realities these two economies face. … Continue reading

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How Greece Could Trigger Another “2008” Event

Editor’s Note: The following is an excerpt from my latest issue of Private Wealth Advisory. In it, I present the most comprehensive overview of the European debt crisis out there, but I also identified one Spanish Bank that is poised … Continue reading

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The Fed Is Now More Leveraged That Lehman Brothers Was

The 2008 Crisis occurred when private US banks became so distrustful of one another’s balance sheet risk that interbank liquidity dried up triggering a systemic implosion in the unregulated derivatives market, particularly in Credit Default Swaps (which was a $50-60 … Continue reading

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Graham Summers Weekly Market Forecast (The End Game Approaches Edition)

Stocks have started to break down in a big way again. It looks as though we’ve entered a wide trading range on the S&P 500: If we don’t bounce hard at 1,300, we’re going to 1,250 in short order. The … Continue reading

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The Fed is FREAKING Out

Indeed, it just posted the single biggest money pump since Lehman Brothers…  on the week of June 27 2011. If you’re looking for a reason that stocks have been ramped so much higher in the last two weeks. This is … Continue reading

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Why Bernanke And Pals Will Soon Need a New Pair of Pants

The Fed must literally be about to pee itself. The $600 billion in QE 2 bought at best roughly three months’ worth of improved economic data. Granted, it was heavily massaged economic data (US economic data is now largely a … Continue reading

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If You’re Not Scared, You’re Not Paying Attention

Forget the details and the specifics… here’s the latest news you need to know about. Europe is bankrupt and the EU will not exist in its current form within 12 months. The ECB tried to “bailout our way to success” … Continue reading

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If You Thought 2008 Was Bad… Get Ready

Over the weekend it was announced that the European Emergency fund may not be large enough to bailout all of the country’s who are bankrupt in Europe. This is really not a surprise. Back in 2010 when the bailout fund … Continue reading

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Graham Summers Weekly Market Forecast (Risk Off Edition)

The financial world is beginning to break down in a big way today. In the currency markets, the second Greek bailout is turning out to be precisely the dud I said it would. After all, it was only one year … Continue reading

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If Central Banks Believe in Paper Money Why Are They Loading Up On Gold?

I’ve been warning for years that an inflationary storm was coming. I’ve recently tailored my forecast to allow for a resurgence in deflation based on QE 2 ending and the economy diving, but my long-term forecast remains the same: inflation … Continue reading

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The Fed Is Approaching the End Game… Are You Ready?

The financial world seems to think that because Greece accepted another bailout we’ll be off to the races in the markets. Aside from how absolutely moronic this view is (how’d the first Greek bailout work out? And it was what … Continue reading

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Good Thing that Euro Crisis is Over… Right?

The trouble with financial forecasting for Europe is that the biggest decisions are always made in the political arena, NOT economically. Case in point, Greece, which is obviously bankrupt, voted for another round of bailouts despite the fact the first … Continue reading

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Graham Summers’ Weekly Market Forecast (Market Leaders Tanking Edition)

With most of Wall Street absent in advance of the long weekend, those few traders on the street took advantage of the low volume to gun the market higher last week. This, combined with end of the Quarter performance gaming … Continue reading

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Even Greenspan Knows We’re Screwed

In case you missed it, Alan Greenspan just set a new world record for hypocrisy stating that the Fed’s stimulus has had little impact on the US economy. As a brief reminder, it was Alan Greenspan who created both the … Continue reading

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