Daily BeastJPMorgan Loss Could Reach $9BDaily BeastJPMorgan Chase's CEO Jamie Dimon thought he had covered his bases when he estimated that the bank's $2 billion losing investment on credit derivatives could double within the next few quarters….
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Euro crisis hits Global Profits says Bloomberg, but June US tax collections hit 4 year record
by Lee Adler • • 2 Comments
Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a 4 year record. Europe’s debt crisis is putting pressure on corporate earnings globally with companies from Procter & Gamble Co. (PG) to Danone (BN) cutting forecasts and signaling profits will…
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No Hints From Bernanke of New Stimulus – NYTimes.com
by Lee Adler • • 0 Comments
WASHINGTON — The Federal Reserve chairman, Ben S. Bernanke, said Thursday that the Fed remained relatively optimistic about the health of the domestic economy, and he gave no indication that the Fed is planning new measures to bolster growth. The pace of growth remains lackluster at best, and Mr. Bernanke said widespread pessimism continued to…
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Nasdaq Sets Facebook IPO Tab At $40 Million – NASDAQ
by Newswires • • 0 Comments
Jakarta GlobeNasdaq Sets Facebook IPO Tab At $40 MillionNASDAQThe move essentially aims to encourage brokers hit by the Facebook IPO glitches to send their trades to Nasdaq's markets. The estimated cost to Nasdaq OMX is around two quarters of pre-t…
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Nasdaq Sets Facebook IPO Tab at $40 Million – NASDAQ
by Newswires • • 0 Comments
Nasdaq Sets Facebook IPO Tab at $40 MillionNASDAQThe move essentially aims to encourage brokers hit by the Facebook IPO glitches to send their trades to Nasdaq's markets. The estimated cost to Nasdaq OMX is around two quarters of pre-tax earnings, …
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Treasury Announces Sharply Reduced Borrowing Estimates
by Lee Adler • • 0 Comments
Consistent with reports in the Wall Street Examiner Professional Edition Treasury Updates, the government will borrow less in the first quarter than it had originally forecast, primarily due to a big increase in withholding taxes since mid December. It is also estimating a much lower borrowing rate for the second quarter, meaning that its economic…
Bears Chat, Best of the Forums, Must Read
Abstractions-and-morality-in-modern-finance
by Bears Chat at The Wall Street Examiner • • 0 Comments
A mind for finance
And so it is that we get more intelligent and even better at the abstract thinking that allows us to introduce more complexity into the financial game that many of us play. Those who don’t work in finance look on and wonder why w…
Bears Chat, Best of the Forums
GOP spending cuts would hit economy hard
by a Wall Street Examiner • • 0 Comments
GOP spending cuts would hit economy hard
By Jeanne Sahadi, senior writerFebruary 23, 2011: 6:38 PM ET
NEW YORK (CNNMoney) — The more federal spending Congress slashes this year, the greater the potential drag on economic growth, according to a new a…
Bears Chat, Best of the Forums
History Tells Us The Secular Bear Is Not Over Yet
by a Wall Street Examiner • • 0 Comments
THE ALMOST relentless advance in stock prices off the lows of spring 2009 continues to frustrate the bears. Although the resulting underweight position in equities has proved beneficial to investment performance over a horizon of four to five years…
Bears Chat, Best of the Forums
Banks Start to Dig Out From Troubled Loans
by a Wall Street Examiner • • 0 Comments
November 26, 2010
Banks Start to Dig Out From Troubled Loans
By FLOYD NORRIS
AFTER several years of decline, this is shaping up to be the year in which the problems of America’s banks began to recede.
The Federal Deposit Insurance Corporation repo…
