Trader’s Narrative

For economic and market news and to see what interesting reading you may have missed last week, check out the list below. To see it all, go to news.tradersnarrative.com:

• Doug Kass: The Hangover (no, not the movieIs This a Real Bull or “Red Bull” Market?)
• Fed telegraphs need to cut US Dollar in half over next 14 years
• Charlie Booker’s take on the cringe inducing Windows 7 ads
• Get a FREE Subscription to Futures Magazine (limited time for US residents only)
• Why Capitalism is Unstable
• 10 Odd Economic Indicators: Hot Waitresses, Men’s Underwear, Blacked-Out Football Games
• Volcker to Banks: Stop Trading with Taxpayer Money
• Is This a Real Bull or “Red Bull” Market?
• Get a FREE 50-page eBook: The Ultimate Technical Analysis Handbook (limited time offer)
• Taibbi on Bear Stearns Naked Short Selling Fiasco
• Jim Chanos for SEC Chairman!

That’s just an ‘amuse-bouche’ - for the main course, follow the graphic link below to news.tradersnarrative.com:

And remember to check back regularly since there are interesting links added throughout the week. If you are a twitter user, add the news.tradersnarrative.com twitter stream to get new stories in real time.

The Week Ahead:

For economic and market news and to see what interesting reading you may have missed last week, check out the list below. To see it all, go to news.tradersnarrative.com:

• Banks fight to kill proposed consumer protection agency
• The Disconnect Between Pay & Performance
• Solar Power’s Ability to Free Western World
• Get a FREE Subscription to Futures Magazine (limited time for US residents only)
• The IPO market heating up
• Gold Mania Hits China
• CNBC interview with Julian Robertson
• What’s Really Wrong With Wall Street Pay
• Get a FREE 50-page eBook: The Ultimate Technical Analysis Handbook (limited time offer)
• Two Major Technical Forces Are About to Collide in the S&P 500
• Volcker Urges Reinstatement of Glass Steagall

That’s just an ‘amuse-bouche’ - for the main course, follow the graphic link below to news.tradersnarrative.com:

And remember to check back regularly since there are interesting links added throughout the week. If you are a twitter user, add the news.tradersnarrative.com twitter stream to get new stories in real time.

The Week Ahead:

For economic and market news and to see what you may have missed last week, check out the list below. It is just a few choice examples from news.tradersnarrative.com:

• What Does Climate Change Have to do with Goldman Sachs?
• Barry Ritholtz Podcast Interview
• Five Pitfalls of Developing Traders
• KKR Goes Public Through IPO Backdoor
• Get a FREE Subscription to Financial Magazines
• Spotting Trend Reversals With MACD
• Obama’s Financial Reform
• End of Nortel - Sale to Nokia & Delisting
• Buffett: US Economy In “Shambles” .. No Signs of Recovery Yet
• What is the difference between a triangle and a pennant?
• Free trading videos
• Volcker Not Calling Shots in Financial Reform
• Central Banks Can’t Control the Market

For the complete list, follow the graphic below:

And remember to check back regularly since there are interesting links added throughout the week.

Week Ahead

Here’s a chart of +50 years of the intended Federal Funds rate:

Now is an appropriate time to take a step back and look at the bigger picture because what the Fed has just done is extremely rare.

It has reduced the interest rate by more than 43% in less than 6 months. To find such a frantic slashing of rates we’d have to go back to the Volcker years in the early 1980’s.

The only other time in recent history that is remotely similar is the aftermath of the 9/11 tragedy in late 2001.

What makes it intriguing is that unlike the 1980’s and 2001 when everyone knew something horrible had gone wrong, we don’t really have that now. I think it will take some time for us to understand just what happened.

It seems surreal now as we are going through it. Perhaps the only way to understand it is through the perspective of time. Who would have believed that the current credit crunch makes the 1998 crisis pale in comparison?