Discount retailer Loehmann’s did what other retailers – and a large number of other junk-rated companies – will do once the Fed allows a sense of reality into the markets: it filed for bankruptcy. Investors had refused to fund fu…
Tag Archive for Wall Street shenanigans
Contributors- Economic and Financial, Must Read, Wolf Richter
Why Bitcoin Is Such Dizzying Fun – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
Even as the world was still desperately trying to figure out what exactly Bitcoin is, it was inducted into the Wall Street hype factory today by an analyst who touted it as the best thing since sliced bread – just when all heck was re-breaking out.
Contributors- Economic and Financial, Must Read, Wolf Richter
Growing Expectations Of TBTF Bank Creditor Bailouts Tighten Their Tentacles Around Taxpayers – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
One of the few rebellious Fed heads, Richmond Fed President Jeffrey Lacker, fired a salvo when testifying before the House Judiciary Committee. He hit Wall Street risks covered by implicit government guarantees in the size of America’s GDP.
Contributors- Economic and Financial, Must Read, Wolf Richter
Gagging Doubt: French Crackdown On French And American Bloggers Who Question Megabank Balance Sheets – Wolf Richter- Testosterone Pit
by Wolf Richter • • 1 Comment
French Financial Markets Authority announced it would slap fines on two bloggers, Frenchman Jean-Pierre Chevallier and American Mike “Mish” Shedlock, “for having spread inexact information about the level of indebtedness” of meg…
Contributors- Economic and Financial, Must Read, Wolf Richter
“Confessions” Of A Master Of Revolving Door Between Wall Street And The Fed – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
We’ve known it all along, but now a former Fed insider confirmed it. QE, despite the Fed’s relentless efforts “to spin it as a tool for helping Main Street,” was “the greatest backdoor Wall Street bailout of all time.” But it’s complicated. He’s a revolving-door Wall-Street banker.
Contributors- Economic and Financial, Must Read, Wolf Richter
Watching The Fed Marinate In Its Own Artfully Concocted Pickle – Wolf Richter- Testosterone Pit
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After five years of QE, and $3 trillion in new money floating around, we now have asset bubbles everywhere. Risk is no longer priced into anything. In fact, it has disappeared as a factor. And the Fed is publicly fretting about it.
Contributors- Economic and Financial, Must Read, Wolf Richter
Are You Overweight EU Equities For The Big Recovery Yet? Wolf Richter- Testosterone Pit
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There has been a symphony of calls for American investors to plow their money into European stocks. Net inflows into European equity funds have set records. Allocation to Eurozone equities hit the highest level in six years, driven by euphoria about a …
Contributors- Economic and Financial, Must Read, Wolf Richter
Money Manager Nightmare: “How Can I Explain To My Clients That We Had A Third Crash In 15 years?” Wolf Richter – Testosterone Pit
by Wolf Richter • • 0 Comments
Sign of trouble: A money manager told me some of his elderly clients were now coming into his office, and they’d say, “My kids tell me that I can make 25% a year with stocks.” How much were they were willing to lose? “Nothing,&r…
Contributors- Economic and Financial, Must Read, Wolf Richter
The Smart Money Denies They’re The Smart Money As They Franticly Sell Their Crown Jewels Before The Bubble Blows Up Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
“It’s a great time to sell,” mused a pension fund investment officer. And Blackstone Group, the world’s largest private equity firm, is doing exactly that, feverishly, relentlessly, hand over fist, at peak valuations, cashing out. What does that mean for the rest of us?
Contributors- Economic and Financial, Must Read, Wolf Richter
Twitter IPO A Dud? Yes, Says Survey of Financial Advisors (But You’ll Own It “Whether You Want It Or Not”) – Wolf Richter
by Wolf Richter • • 0 Comments
Brokers, financial advisors, and wealth managers are a recalcitrant bunch, suddenly, after having gotten their manicured fingers burned on a few super-hyped IPOs, and now they just refuse to get exuberant about the Twitter IPO. At least that’s wh…
