huh, we may have the beginnings of a Dow Theory non-confirmation starting just today.  i'll have to watch this carefully.

we've broken the downtrend lines.  we've also broken the uptrend lines.  but time is also important, as i am a cycle trader.  this pullback interval has been longer than normal, despite lots of good news, but we are still above last April's low.  so i think it is "time" and the fundamentals have, imo, improved.  plus, other factors.

that theory still bugs the heck outta me.  i understand the gist of it but the increased monetary velocity will in the long run greatly improve the price dynamic as more consumers adopt and as more merchants hold back BTC.  the secondary supplier function should start getting more widespread as well.

we've also arguably completed a natural down cycle as a result of the run up late last year.  there will come a time when the price starts to rise along with increasing merchant adoption and all this talk will disappear.

omg!!! you've had The Epiphany!  finally!

and it just won't stop!:

lol!  always worrying aren't you?

Discus @ 22% with ghash @ 21%.  Free market discipline at work!

not dischargeable in BK either

look the hell out gold & silver:

got these suckers on the run.  leverage UP!:

the money used to back stop the financial sector during 2008 could easily have been deployed to pay off every single underwater mortgage in the US.  Geithner, Paulson, Bernanke had a choice and they chose to bail out their bosses on Wall St instead.

gold bounces off what was once support and is now resistance:

mortgages are still the main component of household debt:



http://www.newyorkfed.org/householdcredit/2013-Q4/HHDC_2013Q4.pdf

i would say that the 2016 halving is definitely not priced in yet.

simply follow the money.  who does this policy benefit?:

https://firstlook.org/theintercept/2014/08/26/fun-empire-fighting-sides-war

Keep pushing!

housing ETF XHB has clearly rolled over.  the major homebuilders like MTH, TOL, KBH, PHM, HOV, etc are down in a funk.  they all topped in February. that's not good for the homeowner:

Price is firming

From the sounds of his talk, there's a chance he lurks this thread. Some of us predate him.

you know how much i enjoy putting up news that verifies that we, as Bitcoiners, are not hacculinating or existing in an echo chamber about past details regarding moral hazard/corruption in the financial system.  listen to this podcast interview btwn Barry Ritholtz and perhaps the ONLY person directly involved in the thick of the 2008 financial crisis who will tell you the truth:  Sheila Bair.  selected tidbits:

1.  for STT: Fannie was in fact trying to catch up to Wall St to recover market share loss when it moved into non-conforming loans from conforming loans.
2.  Brooksley Born was correct about derivatives
3.  derivatives still remain unregulated
4.  housing has only recovered to the bottom of past recoveries in the past
5.  Wall St is back at it knowing that it will be bailed out
6.  Lehman's Dick Fuld fully expected a bailout similar to Bear Stearns and rejected numerous white knight private offers in the summer of 2008 incl one from Warren Buffett. he was wrong and as a result, his net worth suffered a 50% loss; from 300M to 150M.  you can stop feeling sorry for him now.
7.  total admission of manipulation in markets, esp with Libor and the CDS market
8.  validation of the Greenspan & Bernanke Puts
9.  Long Term Capital Management was one of a string of past bailouts that set up the GFC
10. there has been and still is an implicit bailout guarantee that exists for long term bond holders which dovetails that our gvt views debt as money and that we can never allow debt spiral defaults. the result is that we can expect future money printing for any future crises.
11. Bair felt like a 3rd wheel when in private meetings with Bernanke and Paulson in the thick of the crisis.  
12. they both agree that Geithner is a snake, as do i, and is attempting to rewrite history with his book about how there was no choice for America but to bailout it's financial oligarchy.  in fact, it sounds like Bernanke was Geithner's puppet all along, which is the sense i got back then.

http://www.bloomberg.com/podcasts/masters-in-business/