The headlines are dramatic. Short selling banned for 799 financial institutions. $50bn injected into money markets. Plans for a massive bailout fund to clear the system of bad debt and stabilize the housing market.

The Unholy trinity – the Federal Reserve, SEC and Treasury – has pulled out all the stops this time. But while US stocks soar, Justice Litle says the government’s bailouts are a death blow for the dollar.

This makes real, tangible assets highly attractive. Justice says the most profitable investments going forward will be energy, infrastructure, hard assets and non-US growth plays.

More from Taipan Daily:

In the short run, it’s not clear how things will play out – the markets are an absolute circus right now. (As if you needed someone to tell you that.) In the long run, though, we are seeing the reality of the Austrian Endgame unfold, here and now, right before our eyes.

I’ve been pounding …

After being one of the first websites/blogs to spot the FNM/FRE takeover by Uncle Sam here, I’ve decided to let others write about the bailout specifics. Suffice it to say, this is nothing more than an attempt to get investors (including Sovereign Wealth funds) to take their eye off the ball. No doubt there will be a deluge of opinions, so instead, let’s discuss our next move.

First, even at the levels stocks are going to open this morning, the current wide trading range remains intact. Long time readers know I am no fan of trading financials from the long side, and this has served well. Many traders even bought FNM and FRE on the prospects of a bailout, but these stocks (common shares for sure) are set to open near worthless. This illustrates perfectly the reason I stay in the same …

By Shah Gilani It’s the end of the "American Dream." It’s the story of how the inevitable bailout of insolvent housing giants Fannie Mae (FNM) and Freddie Mac (FRE) - with the Federal Housing Administration soon to follow - will ultimately lead to such sorrowful sequels as "TheDeath of the Dollar," "The Downgrading of U.S. Government Debt" and, yes, "The Depression." Let’s be very clear on one point, however: There’s no question about it - Freddie and Fannie have to be supported. If the doctrine of "too big to fail" didn’t already exist, it would have to be invented - immediately. Although many are arguing against a "bailout," those "experts" never seem to address the fallout that would emanate from such a strategy. Nor do they ever discuss the sad series of events that brought us to ...

By Jennifer Yousfi Managing Editor Investor worry over the solvency of U.S. mortgage-giants Freddie Mac (FRE) and Fannie Mae (FNM) have gutted the stocks over the last few days more than halving their market capitalizations. News of a possible government-sponsored bailout sent Freddie Mac and Fannie Mae shares plunging yesterday (Thursday) dangerously close to new 52-week lows. Freddie Mac shares sank $2.15 yesterday, a 20% decline to close at $8.11. Freddie Mac is down 76% year-to-date as of Thursday’s close. Fannie Mae stock had a similar fate, shedding $1.95, an almost 13% to decline to close at $13.36. Fannie Mae shares are down nearly 67% year-to-date. Sign up below… and we’ll send you a new investment report for free:...

Fannie Mae (FNM) and Freddie Mac (FRE) Both the quasi-government corporations at the center of the mortgage crisis have been performing poorly and neither looks to be in the process of bottoming at this time. Financials and Raising ...

MARKET COMMENT May 6, 2008 Do not pay any attention to bad news. That’s the message today. Bulls ignored record oil prices and crummy news [a dividend cut and wider loss] from FNM. Instead they chose to believe that FNM’s position going forward was strong and they would “feast on” market chaos from new products and, of course, the worst conditions were behind them.

Notable Earnings calls for Tuesday

Here are the earnings calls we’ll be keeping an eye on tomorrow:

Cisco Systems Inc. (CSCO) is forecast to post earnings of 36 cents a share excluding stock option costs in the fiscal third quarter, according to analysts surveyed by FactSet Research.

Fannie Mae (FNM) is estimated to report loss of 81 cents a share in the first quarter, according to analysts surveyed by FactSet Research.

Qwest Communications International Inc. (Q) is projected to post a first- quarter profit of 10 cents a share, according to analysts surveyed by FactSet Research.

MGM Mirage (MGM) is likely to report a first-quarter profit of 44 cents a share, according to analysts surveyed by FactSet Research.

Molson Coors Brewing Co. (TAP.NV.T) is expected to report first-quarter earnings of 25 cents a share, according to analysts …