3XSQ: Nasdaq/Facebook turbulenceReutersJune 11 – WSJ reports the Nasdaq CEO was unreachable while on a flight back to NY post Facebook IPO, missing calls from the SEC. India enrolls 1 million people a day in a revoluti… Don't look to Saudis for g…
Builders are only adding about 450,000 single family units per year. Total starts including multifamily over the past 12 months were 653,000. Meanwhile, the US…
By James Kwak My Atlantic column today is on the bizarre fixation that some conservatives have with taxing poor people, pointed out by Bruce Bartlett in his latest column. Here’s one explanation: The other, even-more-disturbing explanation, is that Republicans see the rich … Continue reading →
Remember when, a few short months ago, the whole planet was panicked about cripplingly high oil prices? That’s changed in a hurry. Crude prices are…
BBC NewsRomney Raises $40 Million, Rejects Super-PAC Attack PlanBloombergPresumptive presidential nominee Mitt Romney and the Republican National Committee raised $40.1 million in April in their first month of joint fundraising, his campaign announced …
The oil price is holding up quite well despite weaker demand and higher stockpiles. The reason for that are tightness in the brent market (which reflects in other markets via. arbitrage) and geopolitical risks (mostly related to Iran nuclear program).
If we understand risk cannot be eliminated, it can only be transferred, then we will understand why the current financial trickery in Europe and elsewhere is doomed to fail.
The entire global economy’s fundamental financial instability can be trace…
Friday, September 23, 2011
Bank Failure #72: Bank of the Commonwealth, Norfolk, VA
by CalculatedRisk on 9/23/2011 06:25:00 PM
Common bank guidelines
Common sense says follow them
Commonwealth should of.
by Soylent Green is People
From the FDIC: So…
Phil Falcone, billionaire hedge fund manager, is renting Stone Meadow Farm in East Hampton for the summer for $700,000, according to the New York Post. It’s the same house that Mariah Carey rented back in the summer of 2008.
Apparently, Falcone wante…
Millionaire Wealth Rises to Pre-Crisis Levels
By Lorie Konish
June 22, 2011
While the international millionaire population’s wealth rose past pre-crisis levels in 2010, wealth managers need to prepare as that demographic gradually shifts to younger…
