Comments on: Nightmare is a sweet dream for bonds Tue, 24 Mar 2015 16:54:45 +0000 hourly 1 By: ChrisHerz Wed, 10 Aug 2011 12:46:57 +0000 Mr M’cCoy, such a good comment. But perhaps its premises go far beyond the B of A.
What is in failure is the attempt of the USA to exert global hegemony on behalf of its corporate leadership and its consumer economy. Good arguments can be made that the entire Washington Consenus have been unable to see this convergence of the unintended consequences of their actions over the last 40 years.

By: rwmccoy Wed, 10 Aug 2011 09:58:21 +0000 James Saft’s mentioning of Bank of America may be timely -especially the part about its increasing cost for default insurance.

This bank is attracting a lot of press lately (see Betting on the B of A over Apple by M. Halbert on Marketwatch), and I am wondering if it is the next Lehmann Bros.

The TBTF concept may be reaching a moment of truth with government finances in such a sad state of paralysis. I cannot help think of another famous quote. “Giantism is the last stage of evolution.”

Being long or short of such institutions may prove to be the riskiest investment of all; contrarians beware.

Take Care
Robert W. M’cCoy