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| Tables & Charts for Thursday, Jun 21st, 2012 Posted: 21 Jun 2012 09:03 PM PDT |
| Bill Cara's Blog for Jun 21, 2012 Posted: 21 Jun 2012 04:00 AM PDT CTA Trading Desk Morning Report The banks of Europe are in the green again today, but the issues are not over there. Neither have the same problems come to America, but they will. What is postponing that event is simply the actions of the Fed to expand its balance sheet to infinity. But in my world, debits must equal credits, assets must equal liabilities plus equity or deficit. In my sense of things, America is as bankrupt as Europe or Japan, and the daily news we get is purposefully driving investors away from this understanding. |
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