The Financial Stability Board (a mega quango set up under the G20 cover to make policy recommendations aimed at assuring that Too-Big-To-Fail banks are brought under some international oversight) has recently issued its position on the bank capital shortfalls under the assessment of their balance sheets designed to ‘prevent taxpayers bailouts of lenders’.
Last spring, I found myself at a wedding talking to my cousin about “poison pills.” Not the Romeo and Juliet kind. The shareholder rights plans – known as “poison pills”
One chart sums up key evidence:
Today is Black Friday, America’s shopping day after Christmas. It is notable by long lines at stores like Best Buy and Walmart for “deals.” Heck, they are even having Black Friday retails sales in Great Britain where they don’t even celebrate Thanksgiving! Having said that, another event happened on Black Friday. Gold prices are falling. […]
Counting the week to December 3rd ECB meeting, I have to ask one simple question: does anyone over in Frankfurt has a clue what they are doing?
The days before Thanksgiving always find me in the same place – a parking lot. I’m not panhandling or trying to find my car. I’m directing traffic. Years ago I