Kudrna's Stock Market Talk

As most of you know, Rick Santelli is the only media figure I continually praise over and over again as a voice of reason.  Well, he did it once again and is one of the main reasons I still watch CNBC.  More so, I catch up on Santelli’s video clips every now and then when I have some time.  He has proven that he can really give you a good feel for the current environment in just few short minutes. (more…)

Quote of the Day:

The only thing certain in China this year is that the Communist Party will win in a landslide come October.

I’ll tell you how bad the Chinese banking system is: this Chinese banking system is worse than the Texas S&L business in the 1980’s. (more…)

Quote of the Day:

… we need to produce things as opposed to paper…

Bill Gross (more…)

Quote of the Day:

Federal Reserve (Fed) policy appears all too dependent on Fed Chair Bernanke rather than what central banking should be about: the preservation of purchasing power. We hear the latest whim on what trick might work to boost the economy, disguised in the name of transparency.

What the Fed and the SNB have in common is that they are both run by celebrities.

Axel Merk (more…)

Quote of the Day:

The policy response at the European level has not kept up with the rising challenges in the euro zone

Moritz Kraemer – S&P’s managing director of European sovereign ratings (more…)

Quote of the Day:

Professor John Cochrane of the University of Chicago has written a series of brilliant papers and articles on this problem, forcefully demonstrating the math that interest rates are partially a reflection of the risk that investors perceive concerning the potential for returns on their money. When they begin to lose confidence that a government (or business) will be able to raise enough revenue to pay off the debt at some point in the future, interest rates begin to rise. At first, there are all sorts of reasons given. Then there is a moment when the bond market simply walks away. Rogoff and Reinhart call it the “Bang Moment”.

John Mauldin (more…)

Quote of the Day:

Across Europe just now men who thought their title was “minister of finance” have woken up to the idea that their job is actually government bond salesman.

Michael Lewis (more…)