A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Billions ’
What History Can Explain About Greek Crisis – New York Times
What History Can Explain About Greek CrisisNew York TimesIf Greece makes it through the current political crisis and stays in the euro zone, one useful case study is Germany's reunification, which suggests that the adjustment could take decades, no...
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US HOT STOCKS: Lowe’s, Facebook, JP Morgan, American Eagle – Wall Street Journal
Globe and MailUS HOT STOCKS: Lowe's, Facebook, JP Morgan, American EagleWall Street JournalJP Morgan Chase & Co.'s (JPM, $32.68, -$0.82, -2.43%) Chief Executive James Dimon said the bank has suspended its $15 billion share repurchase plan, ...
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JPMorgan Chase: Break Up the Big Banks Now. Here’s How. – Huffington Post (blog)
USA TODAYJPMorgan Chase: Break Up the Big Banks Now. Here's How.Huffington Post (blog)When Jamie Dimon revealed that JPMorgan Chase had lost billions through risky and legally questionable trading, he said the losses would be about $2 billion and m...
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Learning from JPMorgan loss – Modesto Bee
Wall Street JournalLearning from JPMorgan lossModesto BeeBefore bank officials announced they had suffered a stunning trading loss of at least $2.3 billion, JPMorgan Chase was widely viewed as one of the better-managed, less reckless banks. When so man...
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On FX and Worst Fears
Two market developments are worthy of note today (so far). Gold is up 2.5% (off a very cheap low) and USDYEN and EURYEN have made very significant 1.3% moves down.
Stuff like this scares me. It looks like acceleration in the flight to quality. The ne...
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Greek exit could cost euro zone 100s of billions| Reuters
(Reuters) – A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill… …With most of Greek’s private creditors having taken heavy writedowns as part of the...
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Embattled JPMorgan boss survives power challenge
(via AFP) Under-fire JPMorgan Chase chief executive Jamie Dimon narrowly defeated a shareholder move to significantly curb his powers Tuesday, as his bank faced an FBI probe over a shock $2 billion loss. Days after revealing that a scheme to hedge risk had spectacularly backfired, costing billions, Dimon dodged…
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Employers could save billions by dropping workers from health plans, report shows | Fox News
A new survey of Fortune 100 companies finds that the health care overhaul, contrary to the claims of its authors, created some perverse incentives for employers to drop workers from company insurance plans. Republicans on the House Ways and Means Committee surveyed the top 100 companies about how much they spent on health care...
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Apple Taxes & PR – Forbes
ForbesApple Taxes & PRForbesWho wasn't talking about this weekend's New York Times expose of how America's (and the world's) most beloved company uses creative accounting and legal tax loopholes to avoid paying its fair share of tax...
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Big Problems In Canada
Canada may have huge hidden problems. There's a housing bubble in its major cities, including backwater Montreal. But a few weeks ago the CBC and its French language arm announced massive cuts. Then yesterday, we heard from our daughter that Jewish Gen...
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Subprime Student Slaves: The Lowlife Trap of Higher Education
And the strong to seem to get more
While the weak ones slave
Empty pockets don't ever make the grade
Mama may have, and Papa may have
But God bless the child that's got his own
That's got his own."
We can thank the late, great Billie Holiday for those ...
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On FX
There was a mini flash crash in the EURCHF cross this morning. Two charts on the price move:
(Link and Link)
.
I was watching markets on a screen. When I saw the EURCHF price break I called a lady I know on an FX desk. She picked up t...
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Conditions As Good As They Get, What Comes After for Treasuries and Stocks?
The following is the executive summary of the Wall Street Examiner Professional Edition Housing Update. The complete report with illustrative charts and analysis is available to subscribers here. The report is also available via 30 day risk free trial. Click here for information. This is as good as it gets for the Treasury market....
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There Is No Cash
In spite of the hundreds of billions in new money pumped into the world financial system by the ECB today, the Fed just found out that there is no cash. Lee Adler and Russ Winter discuss this and related issues affecting the market. This is a subscriber only podcast. If you are not a...
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McDonalds vs. Facebook – Toss me a BigMac
McDonalds vs. Facebook - Toss me a BigMac. (Taken from Phil's This is the End - But for Who?) A day late and a point short on the S&P. Our senior index finished the day at 1,358.04, just 0.96 under our 10% line at 1,359. Oddly enough, it never crossed...
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Bank’s Collapse in Europe Points to Global Risks
October 22, 2011
Bank’s Collapse in Europe Points to Global Risks
By GRETCHEN MORGENSON and LOUISE STORY
As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American ban...
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Happy Columbus Day Treasury Market
Foreign central bank dumping of Treasuries and Agencies continued this week, although not at the frenetic pace of the past two weeks. This activity may be beginning to take a toll on the Treasury market, where yields are showing signs of possibly having bottomed. Treasury supply was light with no net new supply settling...
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Tablet Euphoria?
The hype around Tablet computing as the second coming as the PC is getting far ahead of reality. This reminds me of dot.com bubble days where there was alot of hype about watching videos on the internet -- remember this is where Mark Cuban sold Broad...
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Stop Coddling the Super-Rich
August 14, 2011
Stop Coddling the Super-Rich
By WARREN E. BUFFETT
Omaha
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They,...
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Taking Away The Punchbowl
Whenever I unleash a tirade at home about how Federal spending has leaped 40% in three years and how the government is now borrowing 42% of its spending, my wife points out that nobody cares because the deficit doesn't impact them at all. This alwa...
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Why I Would Rather Shoot Myself Than Own a Home
How do banks make money? Very simple. They borrow from you at cheap interest rates and then lend to you at higher interest rates. What? How do they do that? Well, when they pay you 0.5% on your checking account its as if they are borrowing from you ...
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Morning Sickness Notwithstanding, Market Should Head Higher
With the Fed and Treasury having put out billions in walking around money this week, Ben’s dog and pony show was well received. The money flow will be a lot less favorable beginning on Friday, but the technical indicators say the market is heading higher, this morning’s weakness notwithstanding.
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The Land of the Rising Yen, or Derivatives blow-up!
The McAlvany Weekly Commentary (or currency roulette)
Some ask the question: “Why is the yen rising during a period of time when Japan is at one of its greatest crises?”
(excerpts)
The G7 do not want the yen to appreciate any more. As far as ...
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Why Isn’t Wall Street In Jail?
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, ...
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Truth Squad 2.0
I wish I had a buck on my balance sheet for each time that I heard a pundit pronounce that corporate balance sheets are in great shape and that they have gobs of cash to unleash on the economy. Of course, you analysts went to business school. Surely y...
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U.S. Keeps Throwing Billions at Troubled Afghan Projects
KABUL, Afghanistan — For years, U.S. officials held up Kabul's largest power plant project as a shining example of how American taxpayers' dollars would pull Afghanistan out of grinding poverty and decades of demoralizing conflict.
...
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The Texas Omen
NYT columnist Paul Krugman looks at "The Texas Miracle" and finds that it isn't really a miracle after all...
These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. ...
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A Fed-Induced Speculative Blowoff (Hussman)
A Fed-Induced Speculative Blowoff
Why are Treasury yields rising despite hundreds of billions of Treasury purchases by the Fed?, queries John Hussman. The current debate says the Fed's policy of purchasing Treasuries has caused yields to rise in the ...
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