I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Radio Free Wall Street
Posts Tagged ‘ Bloomberg ’
Did Psychopaths Take Over Wall Street?
It took a relatively obscure former British academic to propagate a theory of the financial crisis that would confirm what many people suspected all along: The “corporate psychopaths” at the helm of our financial institutions are to blame.
Clive...
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Gingrich says he’ll "arrest judges who issue ‘anti-American’ judgements…and abolish their courts"
Bloomberg link
What is it about the GOP primaries that causes idiots and whackjobs to rise to the top?
Excerpts:
Reining in the judiciary is not an issue that tops voters’ concerns in public opinion polls. Still, it may have particular resonance i...
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Gingrich tax ‘plan’ starves government, feeds the wealthy, rests on flawed assumptions
Gingrich tax 'plan' starves government, feeds the wealthy, rests on flawed assumptions
Angry Bear Blog|Dec. 14, 2011, 8:41 AM|55|1
by Linda Beale
In case you hadn't heard about it, Gingrich would offer taxpayers a choice to pay tax under current polic...
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Are We Really Seeing The Death of the Gold Bull Market?
Commodity expert Dennis Gartman certainly struck a nerve in the financial community as word hit the street of his call on gold in the latest Gartman Letter (subscription required). Here is the gist, as reported by Bloomberg:
"Since the early autumn h...
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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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Productive Employment
It seems that layoffs are happening almost daily:
http://www.bloomberg.com/news/2011-12-06/citigroup-to-cut-4-500-jobs-on-slumping-
revenue-take-400-million-charge.html?cmpid=yhoo
One can argue that most if not all financial related jobs are of very ...
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Bailout Bandits: The Biggest Borrowers From the U.S. Federal Reserve
The Eurozone debt crisis has replaced the U.S. financial crisis as the disaster du jour. But make no mistake: U.S. taxpayers will be paying the tab for the U.S. crisis for years.
That's evidently not true of the banking sector, however, whose massive financial-crisis windfall is just now coming...
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ZH: Dollar LIBOR mkt hints that Credit Agricole was Bank X
http://www.zerohedge.com/news/dollar-libor-market-hints-credit-agricole-
was-bank-x
66x leverage?!
Excerpt:
And given Credit Agricole's 2nd worst position on Bloomberg's Tangible Common Equity Ratio screen (behind Landesbank Berlin no less), it is...
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Opinion: Black Friday: Another Crushing Economic Disappointment
Since Bloomberg refused to do this, I'll take the liberty of doing it for them. Shadowstats watchers know that U.S. inflation has been hovering close to 10% all this year. Therefore, to engage in a meaningful comparison of Black Friday 2011 with Black ...
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German Bund Auction Fails
German government bonds dropped after the nation missed its maximum sales target at a bund auction by 35 percent, sending the euro lower and 10-year yields higher than comparable U.S. Treasuries.
“This auction is nothing short of a disaster for Germ...
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Fed Requires Top Banks to Submit Capital Plans
Fed Requires Top Banks to Submit Capital Plans
By Craig Torres, Cheyenne Hopkins and and Ian Katz
- Nov 22, 2011 5:00 PM ET
The six largest banks will also have their trading portfolios tested against a “global market shock,” the Fed said.
The...
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Confusion Among Leading Indicators – ECRI & LEI
Time To Recession-Proof Your Portfolio
Parsimony Investment Research November 18, 2011
Confusion Among Leading Indicators
Economic Cycle Research Institute ("ECRI") chief Lakshman Achuthan recently took some heat from CNBC hosts on the ECRI’s voca...
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Let’s Fold Vegas
If US cities were poker hands, America's invisible hand would have folded Las Vegas long ago for there is nothing capitalist about gambling. Aside from being an anti-capitalist theme park (about which, more later), Vegas, as it is affectionately k...
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The Housing Market Is Still In A Depression
Following the bubble, the housing market's pain has been deep and persistent.
This isn't merely a cyclical downturn. Even six years after the market peaked, the healing process has not yet begun. The industry isn't in recession: it's in a depressi...
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Lloyd says the economy will snap right back, and Volcker will be overturned
http://www.bloomberg.com/news/2011-11-15/goldman-s-blankfein-growth-to-
snap-back-.html
And if that doesn't pan out, there's always a job waiting as head of Treasury, the Fed, or Greece.
Excerpt:
Goldman Sachs Group Inc. (GS), the fifth- biggest ...
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Glimmers of Housing Hope In Mortgage Applications Data
Purchase mortgage applications rose 6.4% last week according to the Mortgage Bankers Association and major media outlets. As always, the media report only the seasonally adjusted data fed to them by the MBAA. Rarely should a week to week change have any seasonal effects, although last week would be an exception because the week...
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BAC offloading derivatives to FDIC per counterparty instructions
At the request of counterparties, BAC is moving derivatives to its FDIC insured subs. Naked capitalism claims that the 2005 bankruptcy laws give derivatives counterparties first claim against assets. How this transfer is not a crime, I cannot imagine....
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Setting Up the Classic Wash Out: Part I
Just like clockwork, the major analysts (like MER) are coming out with their macro calls, replete with charts showing the China hard landing story I was telling about six to nine months ago. Only problem is that China, the emerging markets and man...
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Durable Goods Orders Not A Durable Indicator
“Orders for U.S. capital goods climbed in August by the most in three months, a sign business investment continues to support the recovery,” shouted Bloomberg today on news that durable goods orders rose in August. Citing the seasonally adjusted data, like Bloomberg, Marketwatch took a much more nuanced approach, “Orders for U.S. durable goods...
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ECB Ready to Act! If things get worse. Or something like that.
The ECB has indicated that it's really ready to think about doing something as early as next month!
They might lower interest rates or do some debt thingy!
"The European Central Bank may act to address risks to growth as soon as next month should con...
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