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 ‘ Money ’
Mark Cuban Likes Facebook, Hates What it Did to IPOs – Wall Street Journal (blog)
Mark Cuban Likes Facebook, Hates What it Did to IPOsWall Street Journal (blog)Facebook shares closed up 3.2% at $33.03. So, he's in the money. The stock is still down 13% from its $38 IPO price. Facebook's trading debut last week was marred by ...
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JPMorgan’s trading loss proves Volcker rule won’t work – Euromoney Magazine
LifeHealthProJPMorgan's trading loss proves Volcker rule won't workEuromoney MagazineFor this reason, your comment may not be live immediately, or may not be published. by Helen Avery JPMorgan's several-billion-dollar trading loss has certa...
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Rumors and Denials of Rumors
The market rallied higher once again on more rumors (some kind of unworkable bank deposit scheme: what Europe’s loan-deposit ratios look like), and denials of yesterday’s rumors (L-Pap now says Greece to say in EU, blah, blah). The second chart shows what’s involved with PIIGS banking deposits. Using hook theory, trading rumors is the modus...
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Vodafone makes writedown on European weakness – Reuters
Vodafone makes writedown on European weaknessReutersL) made a writedown of 4 billion pounds ($6.3 billion) and cut its medium-term sales target as the debt crisis squeezed customers in southern Europe, forcing them to save money on phone calls. Vodafon...
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JPMorgan CIO Risk Chief Said to Have History of Trading Losses – San Francisco Chronicle
BloombergJPMorgan CIO Risk Chief Said to Have History of Trading LossesSan Francisco ChronicleMay 21 (Bloomberg) -- Irvin Goldman, who oversaw risks in the JPMorgan Chase & Co. unit that suffered more than $2 billion in trading losses, was fired by...
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JPMorgan CIO Risk Overseer Said to Have Record of Trading Losses – BusinessWeek
JPMorgan CIO Risk Overseer Said to Have Record of Trading LossesBusinessWeekBy Lisa Abramowicz on May 20, 2012 Irvin Goldman, who oversaw risks in the JPMorgan Chase & Co. (JPM) (JPM) unit that suffered more than $2 billion in trading losses, was f...
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Will Lowe’s Save Home Improvement’s Earnings Season? – Investor’s Business Daily
Will Lowe's Save Home Improvement's Earnings Season?Investor's Business DailyBy JAMES DETAR, INVESTOR'S BUSINESS DAILY Posted 08:02 AM ET Home improvement retail chain Lowe's (LOW) will report first-quarter results before the market ope...
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MF Global Trustee Gets $168 Million From JPMorgan – New York Times
New York TimesMF Global Trustee Gets $168 Million From JPMorganNew York TimesThe trustee overseeing the return of customer money after the collapse of MF Global has received more than $168 million from JPMorgan Chase, the first bank payment since the c...
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Zynga halted after FB launch, 13% drop – MarketWatch
VentureBeatZynga halted after FB launch, 13% dropMarketWatchBy Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) — Shares of Zynga Inc. were halted in morning trades on Friday the stock dropped 13% after Facebook Inc. began trading as a publ...
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Money is fleeing China – MacroBusiness
The detailed statistics from China’s April monetary statistics show that the change in the position of forex purchases has turned negative again in April. With a relatively large trade surplus in April, this indicates that capital flow turned hugely negative. I estimate that excluding the trade surplus, capital outflow would be RMB177 billion (I don’t distinguish the...
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Guest commentary: Hedging financial risks — better to be safe than sorry on … – Detroit Free Press
CTV.caGuest commentary: Hedging financial risks -- better to be safe than sorry on ...Detroit Free PressBy John Pottow A hedge is like insurance: You buy it to protect against something bad. You do not -- or should not -- buy it to make money. Let'...
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Golfsmith Agrees To $97M Buyout By Canada’s Golf Town – Wall Street Journal
Golfsmith Agrees To $97M Buyout By Canada's Golf TownWall Street JournalGolfsmith International Holdings Inc. (GOLF) agreed to a roughly $97 million buyout by Canadian golf retailer Golf Town, a move that will create the world's largest special...
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Banks Tread a Fine Line in Trading – New York Times
New York TimesBanks Tread a Fine Line in TradingNew York TimesBy PETER EAVIS When JPMorgan Chase revealed its $2 billion loss last week, it looked as though the big Wall Street banks were up to their old tricks, using their government-backed funds to m...
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Euro zone turmoil boosts London property stampede | Reuters
Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money. The number of Greeks searching for homes costing more than 1.5 million pounds ($2.4 million) on the website of...
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Ohio AG begins $75 million demolition program | HousingWire
Ohio Attorney General Mike DeWine will begin granting $75 million to local governments for the demolition of abandoned homes. The money comes from the $25 billion settlement with mortgage servicers approved in March. Ohio received $335 million in consumer relief, remediation to borrowers and funds directly to the state. More than 10,000 abandoned homes...
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Frustrated advertisers to Facebook: Take our money — please! – CNET
USA TODAYFrustrated advertisers to Facebook: Take our money -- please!CNETWith Facebook's huge IPO getting nearer, this is the sort of news that Mark Zuckerberg doesn't need to hear just now. by Paul Sloan May 1, 2012 7:51 PM PDT Follow @paulsl...
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Why U.S. house prices won’t recover – MarketWatch
The fact that this writer is still relying on the Case Chiller shows that he’s a bit clueless, but I found it interesting that prices were back to 1955, 1986 and 1895 levels in real terms. That seems like an argument to be bullish on house prices, not bearish. By Jack Hough When will...
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Man Group Has $1 Billion Outflows as AHL Loses Clients’ Money – Bloomberg
BloombergMan Group Has $1 Billion Outflows as AHL Loses Clients' MoneyBloombergMan Group Plc (EMG), the world's biggest publicly traded hedge fund manager, reported that clients withdrew a net $1 billion in the first quarter, while costs such a...
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States scaling back pensions to save money amid budget crunches; workers … – Washington Post
The Associated PressStates scaling back pensions to save money amid budget crunches; workers ...Washington PostBATON ROUGE, La. — State governments have long lured workers with the promise of lucrative pensions that provide nearly the pay in retireme...
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WSJ Reports on Bidding Wars in the Housing Market- Video
The Wall Street Journal’s Nick Timiraos interviews Redfin CEO on the current housing market. Surprise surprise! Bidding wars. Comparative Home Sales Chart Related story- Shiller Unaware Bernankinflation Winning Get regular updates on the US housing market, and stay up to date with the machinations of the Fed, Treasury, Primary Dealers and foreign central...
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What Happens When All the Money Vanishes Into Thin Air?
Issuing debt and printing money do not create wealth. All they can create is a temporary illusion of wealth.
I could have written "if all the money vanishes," but that would be misleading, for all unbacked money will most certainly vanish into thi...
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My Quick Take On the Housing Data
Some tweets on the housing data.
Lee Adler @Lee_Adler actual inventory to sales ratio at 4.5 lowest since Aug 05. http://pbckt.com/pA.RnqWlY
Lee Adler @Lee_Adler NSA inventory revised down each month Nov to Feb. Completed units revised dow...
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Finally A Payday for Bears, Should They Take The Money and Run?
10-12 month cycle indicators have now edged to the sell side, portending a down phase lasting 4 to 6 months. It’s too early to estimate the shape of the down phase, but there will be clues over the next few days.
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New House Sales Show Continued Improvement
While the media was touting a miss on consensus expectations, and Bloomberg posted an outright lie on Twitter, the actual unadjusted data did show a big improvement over the year ago performance.
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Money from Nothing: A Primer on Fake Wealth Creation and its Implications (Part 2)
Today we present Part 2 of "Money From Nothing" by Zeus Y.
Only in a debt-based money system could debt be curiously cast as an asset.We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteer...
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Money from Nothing: A Primer on Fake Wealth Creation and its Implications (Part 1)
Frequent contributor Zeus Y. explains how the financial system creates fake "wealth" from nothing and why the entire delusional scheme is imploding.
"Only God can create… value out of nothing"—Justice Martin V. Mahoney in First National...
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Dr. Bernankestein’s Latest Mad Monster Creation
How well will Bernanke's new "sterilized QE" idea work to support the bond market while reigning in inflation? Not well at all. Let us count the ways (and the unintended consequences)...
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If The Guilty (Mortgage Mafia) Are Never Punished, Housing Will Never Recover
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. Housing data continues to be mixed. Lagging closed sales data shows prices still declining. However, the most current sales data represents January closings, which were mostly...
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What Rising Gasoline Prices Do to the Economy
Charting gasoline prices against income and GDP provides some interesting results.
Since rapidly rising gasoline prices are in the news, let's look at some charts of gasoline and the economy, courtesy of frequent contributor B.C. These depi...
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Guest commentary: Hedging financial risks — better to be safe than sorry on … – Detroit Free Press
New York TimesGuest commentary: Hedging financial risks -- better to be safe than sorry on ...Detroit Free PressBy John Pottow A hedge is like insurance: You buy it to protect against something bad. You do not -- or should not -- buy it to make money. ...
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