By Phil of Phil’s Stock World Greece is fixed – now what? Well, Greece isn’t really fixed, of course, but look how fast it all turned out to be nothing and this morning hardly anyone is even mentioning it.  The crowds protested but this vote wasn’t in their hands – it was in the hands of their corrupted officials...

Courtesy of Mish How long can the ECB kick the can down the road? How big a hole will Greece dig before the ECB, the EU, and IMF realize that “Plan A” (austerity will fix problems by 2013), cannot possibly work? Is the amount of money the EU, IMF, and ECB willing to throw at Greece unlimited? Those are the questions on my mind as I read How...

by Tyler Durden Nothing surprising in the statement. One notable observation is that for the first time since the Japanese events, the Fed is finally recognized the impact of the Japan-induced contraction. Odd that all the morons who said Japan would be a boost to GDP growth now applaud the Fed’s appreciation of reality. The slower pace of...

By Marin Katusa, Casey Research Energy Team Coal prices are surging ahead even as most other commodities pull back, spurred on by expectations that metallurgical and thermal coal production will again fail to meet rising global demand this year. The result? Record profits for major coal producers like Xstrata, a surge in acquisitions from coal-hungry...

Tim Iacono Today’s big Washington media event will be Fed Chief Ben Bernanke sharing his thoughts about the condition of the U.S. economy in his second post-FOMC press conference, during which viewers should expect a liberal use of the words “transitory” and/or “temporary” along with a phrase that keeps popping up everywhere – “second...

QE2, Wall Street’s $600 billion “free lunch,” is ending. Hopefully you’re properly positioned for maximum protection and profits from the financial fallout. If you’re looking for the safest way to make maximum profits in these market conditions, check out this video from John Thomas, founder of Wall Street’s first dedicated international...

More Hard Truths About Residential Real Estate. The latest data releases this week about the state of the residential real estate market confirm my belief that the threat of a double dip in the economy is triggering another down leg in home prices (click here for Residential Home Prices in Terms of Gold). The latest Case-Shilelr data show that housing...

By Jordan Roy-Byrne, CMT In a word, no. We divide our rationale into three parts. Macro Back in 2008, a recession was beginning, the private sector was in intense deleveraging mode and the credit markets foreshadowed what was to come in the equity and commodity markets. Today we are seeing growing credit stress on the sovereign side and not...

By Jeff Clark, BIG GOLD Have you considered what will happen to your portfolio―and all the other areas of your life―if the dollar fails? The ramifications will be widespread, painful, and inescapable if you’re not properly diversified. Last month, I attended the Global Currency Expo sponsored by EverBank. The overarching theme, as you might expect,...

by Tyler Durden Two weeks ago we broke the story that the bulk of the excess reserves, and thus cash, generated as part of QE2 has gone not to US banks, but to foreign banks operating in the US. One of the generic rebuttals of this observation was that it is naive to assume that European banks have been buying up the Treasurys issued by the Fed...

All eyes are on Greece as the vote will be taken this afternoon at five o’clock Eastern standard Time. That is a vote of confidence on the last 30 measures and also on the government. As you know, the market has been in an oversold condition and I think today’s rally was reflective of that move from an oversold condition. Crucial 5 PM Vote comes...

John Thomas says another real estate crash with prices falling a minimum of 20% to 30% is barreling down on us. It’s just 1 of 5 major financial kill shots barreling down on us now that the Fed is pulling the $600 billion punch bowl away. Click here to see the risks and opportunities facing you right now. Before this crisis is over, you’re going...

Feel Like Investing in a State Sponsor of Terrorism? How about a country whose leaders have stolen $400 billion in the last decade and have seen 300 foreign workers kidnapped? Another country lost four wars in the last 40 years. Still interested? How about a country that suffers one of the world’s highest AIDs rates, endures regular insurrections...

Fallond Stock Picks Given the woes in Greece (and the Eurozone at large) it was a relatively nondescript day for US indices. There were low volume gains across lead indices, but nothing to change the current downward trend. The S&P trades within last week’s volatility so not enough to push it one way or the other. There was a ‘buy’...

The Ethanol Boondoggle. One of my biggest disappointments with President Obama so far is his continued support of the ethanol boondoggle. The program was ramped up by the Bush administration to achieve energy independence by subsidizing the production of alcohol from domestically grown corn. Add clean burning moonshine (yes, it’s the same alcohol—C2H5OH),...