Early openers sleezing south: Kiwis -0.2%, Aussies -0.4%, Nikkei -0.1% and Sth Korea -0.5%.
All Aussie sectors down with Gold -1.7% in the lead followed by Healthcare -1.1%.
Crude oil prices tanked more than 3% today (Tuesday)
Whatever else comes out of the release of the audio tapes by Carmen Segarra, they have harmed the reputation of Mike Silva, the long-term senior supervisor at the Federal Reserve Bank of New York (FRBNY).
New York Fed releases tentative outright Treasury operation schedule for October.
Here come the revisionists with new malarkey about the 2008 financial crisis. No less august a forum than the New York Times today carries a front page piece by journeyman financial reporter James Stewart suggesting that Lehman Brothers was solvent; could and should have been bailed out; and that the entire trauma of the financial crisis and Great…
Increasingly, economists are calling the tune to which businesses and consumers dance. Since their words and opinions matter, they may consider seeking forgiveness for what they have said, and what they have not.
In the United States, for the most part, you don’t have to do anything illegal: the system takes care of it for you.
In theory, we have free markets, where manipulation is illegal and punishable.
We’ve found that’s not often the case in the financial markets.
The pool of greater fools willing and able to buy assets at higher prices with leveraged free money has been drained by six years of credit/risk expansion.Is the top in U.S. stocks in? The consensus is “no”–corporate profits are rising,…
It’s happening right now, smacking down one company at a time.
