Monthly Archives: September 2011

After Europe’s Finished It’s Our Turn

I wanted to take a moment to address the Fed’s new program of buying the long-end of the Treasury curve and its implications. First off, because of the August collapse in stocks, long-term Treasuries have already rallied quite sharply. Indeed, … Continue reading

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What’s Coming And How to Prepare For It

As I’ve noted in recent missives to you, the world financial system has begun the Great Collapse: the Crisis I’ve been warning about for over two years. I wanted to take some time to explain what is going to be … Continue reading

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We Had Sharp Rallies in 2008 Too… How’d Those Work Out?

The markets are snapping back sharply on short covering and end of the month performance gaming. Hedge funds have been getting destroyed over the last few months. So now, more than usual, there is incentive to push the market higher, … Continue reading

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Graham Summers’ Weekly Market Forecast (Crash Time Edition)

The market onslaught of the last week is now staging a snap-back rally. As I write this Sunday evening the S&P 500 has pushed to 1,143 in the futures markets. This was to be expected as we’d come up against … Continue reading

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The Fed Disappointed… The Great Collapse Is Here

I’ve been warning for weeks now that the Fed would disappoint with its September meeting. And boy did it. As I forecast, the Fed didn’t announce QE 3. In fact, it didn’t announce any new policy of note. Instead it … Continue reading

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QE Can’t Save the Day… We’ve Been Doing a Form of It For Over a Decade

While most commentators proclaim that QE is a completely new phenomenon, we have in fact seen a version of it in the form of the Fed’s and Asia’s (especially China’s) purchases of US Treasuries/ currency pegs over the last decade … Continue reading

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The Market is On the Edge of a Cliff

The financial markets are currently waiting for the Fed to announce QE 3 or Operation Twist 2 either today or tomorrow. I don’t think either of these are coming. In fact, I think they’re not even on the table. For … Continue reading

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Graham Summers’ Weekly Market Forecast (Market Crash? Edition)

The financial markets are literally standing on the ledge of a cliff looking down into the abyss. The fact we’ve had a coordinated Central Bank intervention in the last week should tell you just how desperate things are getting. The … Continue reading

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The Central Banks Are Losing Control

The market is rallying on short-covering and the usual options expiration manipulation. It’s now obvious traders are gunning for 1,200 on the S&P 500. We were at 1,140 o the S&P 500 only three days ago. A 5% move in … Continue reading

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The US WILL Default

If you believe that our leaders have even the slightest clue of how to solve the economy’s problems, Obama’s jobs proposal should rid you of your delusion. This is not a matter of political affiliation nor is it an attack … Continue reading

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China Can’t Save Anything… Neither Can the Fed

The similarities between 2008 and today are getting scarier by the day. We’ve already seen the Hank Paulson mega-bazooka-bailout from the Emergency Fund in Europe. We’ve also seen short-selling bans, verbal interventions, the Warren Buffett bailout (recently BAC, though it … Continue reading

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Graham Summers Weekly Market Forecast (Deflation is Here Edition)

I’ve been warning that the markets were on the verge of another round of Deflation. By the looks of things, it’s here with the US Dollar breaking out of its massive wedge pattern: The ultimate target for this pattern is … Continue reading

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I Said QE 3 Isn’t Coming… And the Fed Agrees With Me

I’ve said many times before that QE 3 won’t be coming any time soon unless the market Crashes or a major bank goes under. The reason is that QE (and Ben Bernanke for that matter) have been politically toxic: we’ve … Continue reading

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We’re About to See Another Round of Deflation

Now that the Swiss have pegged the Franc to the soon-to-be-broken-up Euro, the US Dollar is now the primary “flight to safety” paper currency for the world. With that in mind, we need to consider that the greenback appears to … Continue reading

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Graham Summers Weekly Market Forecast (Euro Bloodbath Edition)

The European banking implosion has now shifted into hyper-drive. We’ve now broken out of the triangle pattern of the last few months in a big way to the downside. I’ve added the movements made in the overnight futures session to … Continue reading

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