Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Radio Free Wall Street
Posts Tagged ‘ Banks ’
Obama Bluffs on ReFi?
. &nbs...
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Consumer Credit in U.S. Surged in Nov.by the most in 10 years
Consumer Credit in U.S. Surged in Nov.
By Meera Louis - Jan 9, 2012 3:21 PM ET .
Consumer borrowing (CICRTOT) in the U.S. surged in November by the most in 10 years, showing households are optimistic enough to take on debt and banks are willing to len...
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Bernanke’s Latest Idea for Reviving the Housing Industry
A white paper (via @carney) sent from Ben Bernanke to the chairs of the Senate and House committees of banking and financial services and released today is not just a subtle nudge at Congress to do something to address lingering weakness in the hous...
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Pew Feature Illustrates Banks’ Transaction Infractions
December 27, 2011, 12:25 pm
Pew Feature Illustrates Banks’ Transaction Infractions
By ANN CARRNS
An arm of the Pew Charitable Trusts have been gaining some traction with its campaign to get banks to disclose fees associated with checking accounts ...
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What today’s Massive ECB Liquidity Operation Really Means
Early today 523 banks requested an unprecedented €489 billion ($640 billion) in super-cheap funding from the European Central Bank.
But the massive lending operation has garnered only a tepid response from markets, with short-term government bond y...
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President Obama’s view of fraud “from 40,000 feet” (without an oxygen mask)
By William K. Black(Cross-posted from Benzinga)Sixty Minutes’ December 11, 2011interview of President Obama included the following gem:KROFT: One of the things that surprised me the mostabout this poll is that 42%, when asked who your policies favor ...
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America’s Infrastructure is BROKEN…Life In The Slow Lane
The Foreseeable Future
Even if the optimists are right in arguing that the U.S. economy is experiencing some sort of a rebound (that's a big "if," by the way, that I don't agree with), it doesn't take...
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Did the ECB Pull Off a Back-Door Bailout that’ll End the Crisis?
Yields on short-term peripheral sovereign bonds are plunging, despite the fact that EU leaders appeared to make little progress at their highly-anticipated summit last week.
Pundits continue to expound on the flaws of the eurozone but markets are tel...
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You Can Rest Assured That The Insurance Industry Is In For Guaranteed Losses!
This is not a new post, but nobody has brought up the "I" in FIRE yet, and Mr. Middleton has been ahead of the curve on the banks & sovereign debt, so . . .
You Can Rest Assured That The Insurance Industry Is In For Guaranteed Losses!
The insurance...
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European CEOs Move Cash to Germany In Case of Euro Breakup
European CEOs Move Cash to Germany In Case of Euro Breakup
December 09, 2011, 10:34 AM EST
By Manuel Baigorri and Richard Weiss
Dec. 9 (Bloomberg) -- Grupo Gowex, a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it ex...
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Printing of Fiat
The worlds Feds/banks are frantically attempting to fight the massive debt induced deflationary pressures by the only tool they have available, the printing press. By suppling created out of nothing fiat US dollars to their brothers and sisters in cri...
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Secret Fed Loans Gave Banks Undisclosed $13B
Secret Fed Loans Gave Banks Undisclosed $13B
So here's what I got from this.
Howard Opinsky, a spokesman for JPMorgan (JPM), declined to comment about Dimon’s statement or the company’s Fed borrowings. Jerry Dubrowski, a spokesman for Bank of Amer...
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Three Doomsday Scenarios: What Happens If the Eurozone Breaks Up?
The time has come to confront an ugly truth: The possibility that the Eurozone will break up, or rather fall apart, is growing increasingly likely.
In fact, I'd say given recent developments in Italy the probability of a breakup is as high as 40%.
Indeed, if...
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Europe Fears a Credit Squeeze as Investors Sell Bond Holdings
Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the risk of a credit squeeze that could set off a downward spiral.
Europe Fears a Credit Squeeze as Investors Sell Bond Holdings
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2 BIG papermills just reopened in Maine – but at $11 to $19/hr
http://bangordailynews.com/2011/09/16/business/it%E2%80%99s-official-n-
h-investor-buys-2-katahdin-region-paper-mills/
Returning workers will get their old wages, up to $21/hr, but new workers will get $11/hr for the first 4 years. Millinocket & EMil...
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Bankrupt and Broke, Americans Still Want It All
There is an advertisement beside an online article by CNBC real estate reporter Diana Olick that speaks volumes to the America of the 21st Century. We want it all, but we can’t afford it. Inches away from the headline that states most homeowners ...
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Big Banks Plead With Customers Not To Move Their Money
Yes, The Big Banks DO Care If We Move Our Money
650,000 customers moved $4.5 billion dollars out of the big banks and into smaller banks and credit unions in the last month.
But there is a myth making the rounds that the big banks don’t really ca...
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Revealed: The 29 Global Megabanks that are Too Big to Fail
The G20's enforcement agency found that 29 banks globally are too big to fail.
It published a long-awaited list of "systemically important" banks Friday. Banks on the list will have to cooperate with regulations imposed by the agency as well as the...
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The Greatest Short – why all correlations are moving to 1
I was quite surprised to find this on 0hedge with no reference to iTulip.
I have not noticed him posting anywhere else previously, at least not as "Finster".
He does of course keep his Finster Financial Forecast, but no blog or discussion there.
The G...
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The Real Cause Of the Rally, Why The Banks Can’t Buy Treasuries, and Shadow Inventory Big Problem But Not For Housing
The Wall Street Examiner’s Lee Adler Lee Adler tells the real reason for this rally, and expounds on why the banks can’t buy Treasuries. Aaron Krowne of ML-Implode.com and Lee discuss the latest attempt to boost the housing market, and zero in on the shadow inventory problem, which may be less of a problem...
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Could Wall Street Protesters Cause a Run on the Banks?
We hear the cries each day, “the movement is growing”, “this is unstoppable” etc… Some pundits and participants within the OWS movement have even called for the average American to take their money out of big banks and move them to either ...
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BB&T pushing HELOCs
Suddenly BB&T is pushing 3.49% home equity loans? This is troubling on several levels.
1. I thought banks were under orders to reduce their real estate exposure. 2. Anyone who currently has actual equity in their "home" must have a)bought in the 199...
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Volcker Rule May Mostly ‘Go Up in Smoke,’ Goldman’s Levitt Says
Volcker Rule May Mostly ‘Go Up in Smoke,’ Goldman’s Levitt Says
October 13, 2011, 1:02 PM EDT
By Charles Mead and John Tucker
Oct. 13 (Bloomberg) -- The Volcker rule, which would bar banks from trading for their own accounts, is likely to be p...
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Nov 5th – Bank Transfer Day
In an effort to send a message to big banks, some protestors, who seem to be associated with the Occupy Wall Street movement, have organized an event to remove all funds from banks and into credit unions.
Protestors are calling the event "Bank Transfer...
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Germany’s Merkel Gets Votes To Expand European Bailout, Markets Relieved
Markets|9/29/2011 @ 8:30AM
Germany's Merkel Gets Votes To Expand European Bailout, Markets Relieved
UPDATE – Chancellor Angela Merkel secured her majority on a vote to ratify the new EFSF. 523 votes backed an expansion of powers and funds for the E...
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NOTHING can stop it now
No I'm afraid some commentators are all lost in a big forest in the dark... There is nothing at all that can or will stop the continued rise in the price of gold from here. There are a lot of confused minds around the place thinking about what might h...
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