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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The nation's ills cannot be fixed by thousands of pages of regulation or more policy tweaks. Only a profound cultural transformation can address our problems.
The mainstream view uniting the entire political spectrum is that all our financial pr...
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. &nbs...
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January 6, 2012, 9:03 pm
Wall Street Is Bracing for Dismal 4th Quarter
By SUSANNE CRAIG
Wall Street banks have been buffeted by the weak American economy and the European debt crisis.
For most Wall Street bankers, 2011 was a year they would rathe...
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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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Nine weeks after its bankruptcy, the general public still hasn’t quite realized the implications of the MF Global scandal.
My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system. And how the centr...
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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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December 9, 2011
Moody's Downgrades Top French Banks
By LIZ ALDERMAN
PARIS — In another sign of how Europe’s debt crisis is rippling through the banking system, Moody’s Investors Service on Friday downgraded the three largest banks in Fra...
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Globe link
Excerpts:
WASHINGTON — Campaign contributions to Senator Scott Brown from the financial industry spiked sharply during a critical three-week period last summer as the fate of the Wall Street regulatory overhaul hung in the balance.....
...
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Major Banks Face New Foreclosure Lawsuit
By GRETCHEN MORGENSON
Citing extensive abuses of troubled borrowers across Massachusetts, the state’s attorney general sued the nation’s five largest mortgage lenders on Thursday, seeking relief for cons...
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And the United States might pull out of its present funk as it did in a sudden twice during the past century: in the first years of World War II, and during the first Ronald Reagan administration.
For the past two decades, the United States wasted th...
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I don't know a hell of a lot about John Corzine. And what really is or was 'MF Global?'
But what I do know is that it is difficult for me to see anything like a 'crisis' in any of the current metrics surrounding the US Dollar, the euro, and the intere...
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Suprised That Obama Tapped Inflation Hawk Hoenig for the FDIC? Don't Be
By Daniel Indiviglio
Oct 21 2011, 12:29 PM ET
Although he's best known for his Fed dissents, he'll be tough on the big banks
Last year, those of us who cover the Federal Reser...
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Did big banks leave TARP too soon?
By Jennifer Liberto
@CNNMoney September 30, 2011: 5:35 AM ET
Former FDIC Chair Sheila Bair pushed for the big banks to be held to tougher capital standards before they exited TARP.
WASHINGTON (CNNMoney) -- Regulato...
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There's already been a bevy of analysts coming out with their forecasts on what the S&P downgrade means for the economy, what it will do to interest rates, other financial institutions, junk borrowers, and other entities somehow connected to the US ...
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"Of the 15 largest financial institutions in the United States before the crisis, only nine remain as independent entities. Those that survived did so because they were able to raise capital from private investors, significantly diluting existing share...
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when it appears that ALL types of market investments are on the rise (even property-based mutual funds), it is important to observe that there are specific differences in the types of investment categories and that these differences can become hugely s...
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Here's the letter from one of Mauldin's readers. Click on the link for Mauldin's response...
".... I would like to get something off my chest. I would like to know why you seem to side with those analysts who keep telling us that the only way we ...
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The piñata sat alone at the witness table, facing the members of the House subcommittee on financial institutions and consumer credit.
The Wednesday morning hearing was titled “Oversight of the Consumer Financial Protection Bureau.” The o...
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