Matt Zames, the executive tapped to take over management of JPMorgan Chase(JPM_)’s chief investment office (CIO), has a controversial resume… Zames allegedly told a colleague…
Housing data for this month suggests that the usual seasonal uptick in prices has come to an end at a lower high than last year.…
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 …
Systemic coupling round-up
. . .
Fourth, the “elsewhere” may include not only France and the UK, but also the States. Back at the beginning of the year, the staff at Naked Capitalism caught a glimpse of the massive presence of shadow banking fund…
Why else would the banksters blow up the known world?
Hubris I believe the ancient Greeks called it.
Bankers ’caused credit crisis for kicks’
” . . .
In Blood on the Trading Floor: Waste, Sacrifice and Death in Financial Crises, Dr Crosthwaite claims…