Excerpt from The Secret Goldman Sachs Tapes – Bloomberg View. By Michael Lewis Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system…
Editorial
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Charts, Economics, Editorial, Email Bulletins Archive, Latest Business Headlines, Lee's Free Thinking, Must Read
The Idea That US Consumer Is Resilient Is A Myth
by Lee Adler • • 0 Comments
After rising just 6% since 2009, real per capita retail sales excluding gasoline are still 7% below the 2006 level and are slowing.
Editorial, Lee's Free Thinking
Why Mitt Romney Lost: Massive Backlash Against Voter Suppression Strategy
by Newswires • • 0 Comments
If there is one thing this election has proven, if there is one thing I have come to know, it is that Americans don’t like it when their right to vote is threatened. The very people whose votes the Republicans sought to suppress came out to vote. In places like Akron and Orlando and Denver…
Editorial, Lee's Free Thinking, Must Read
NY State Accuses Bank of Years of Illegal Transactions With Iran- It’s Time To Fire The Toothless Feds
by Lee Adler • • 1 Comment
NY State is seeking to revoke the banking license of UK bank, Standard Chartered, for a long running conspiracy to do business with Iran and hide it in violation of US law. Thwarting controls against money laundering, Standard Chartered Bank enabled Iranian banks and corporations to hide roughly 60,000 transactions worth at least $250 billion…
Editorial, Lee's Free Thinking, Must Read
Why are Harvard Conomists (or any Think Tankers) Paid So Much?
by Lee Adler • • 1 Comment
Harvard conomists are some of the highest paid “professionals” on earth. I guess it’s because they can spew deliberately useless crap like this piece of shit from back at the end of the housing bubble– The Nations Housing – 2006— thanks to the big fat checks they get from the industry mafiosi who pay them. The publisher…
Editorial, Must Read
ZIRP Bernankecide compounds problem of Baby Boomers losing inheritance, going broke supporting destitute parents- Video
by Lee Adler • • 1 Comment
For a 61 year old contributing to the support of a mother with Alzheimers, whose savings have been wiped out earlier than expected by ZIRP Bernankecide, the piece below from the WSJ hit home. What the article does not mention, not once, is the role that ZIRP Bernakecide plays in this unfolding catastrophe. The WSJ…
Editorial
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by Newswires • • 0 Comments
Editorial, Lee's Free Thinking, Must Read
Mutual fund outflows are another example of the costs of ZIRP – Bernankecide
by Lee Adler • • 1 Comment
This is a short excerpt from this week’s Professional Edition Fed Report to be posted Tuesday. The ICI reports mutual fund inflows weekly with a one week lag. Domestic equity mutual funds had $8.7 billion of net outflows in the week ended 4/18/12, after net outflows of $1.5 billion the week before. Based on the…
Editorial, Lee's Free Thinking, Must Read
Answering the Shitstorm of Righteous Indignation
by Lee Adler • • 0 Comments
Every time one of my articles that recognizes the currently bullish trend in some economic indicator is posted over on Zerohedge, it gets thousands of views. But those posts also bring forth a shitstorm of righteous indignation from the permabear crowd, of which, ironically I am one (more or less). I do recognize cyclical bull…
Editorial, Latest Business Headlines, Lee's Free Thinking
Greg Smith Is My Hero, Bloomberg, Not So Much
by Lee Adler • • 9 Comments
There’s a reason Matt Taibbi tagged Goldman with the moniker “Vampire Squid” and it stuck. 3 cheers for Greg Smith. In going public about his now former employer Goldman Sach’s unethical and disgusting behavior his was an act of immense personal courage with no upside for him career wise or otherwise in this world that…
