QE Today. QE Tomorrow. QE Forever!
Forget the Presidential elections. Forget the congressional elections. The most powerful institution in this country is neither the Office of the President, nor the Congress nor the Supreme Court – it is the Federal Reserve Board and a band of unelected economists who live in and breathe in a la la land. The Congress can [...]
(I am in a foul mood today. I am angry at the criminal enterprises called Wall Street, Investment Banks, Too Big to Fail Banks, The Federal Reserve and the US Government. So, pardon my language.)
Not too long ago – before taking AssBook stock public, Morgan Stanely brought another stinker in to the market and the [...]
The Facebook IPO is proving more disastrous by the minute for the underwriters, insiders and the Wall Street fraudsters. Since the days of the DOT COME bubble, a vast majority of the IPOs worked only the insiders, underwriters and the shills, hacks and crooks who make routine appearances on CNBS. The all – work in [...]
Continue reading …
.Part 2
Watch Money, Power and Wall Street: Part Two on PBS. See more from FRONTLINE.
Continue reading …
Frontline – Part 1 of 4
Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE.
Continue reading …
Just have a feel for the scale of the gigantic ‘too-big-to-fail’ derivatives “innovations” from the parasites called investment banks. (click here for infographic)
Continue reading …
The upshot: declining growth rates and declining ad sales per registered users. An interesting and intelligent take on Facebook growth and earnings (via Minionville).
As you can see, the numbers, particularly in advertising (which accounts for 82% of total revenues), are falling quickly.
Let’s hope that acceleration in payments revenue can start to pick up the slack.
And [...]
From fthebanks.com:
There are two things every American needs to know about Bank of America.
The first is that it’s corrupt. This bank has systematically defrauded almost everyone with whom it has a significant business relationship, cheating investors, insurers, homeowners, shareholders, depositors, and the state. It is a giant, raging hurricane of theft and fraud, spinning its [...]
I have been following financial markets on and off lately. The size and length of the rally all over the world is a bit of a surprise, but not out of the ordinary. I was looking for some clues as to where things are headed in the short term. Usually credit markets lead stocks. Financials [...]
Continue reading …
Update on Saturday, Nov 5: CME issued a clarification to its Friday’s release. Zero Hedge deciphers again:
The CME, it appears has taken a page right out of the European playbook, and less than a week after an exchange-cum-Primary Dealer collapsed due to excessive risk taking, the CME has followed up its vague press release from [...]
Jim Chanos is one of the few savvy observers of World economies and a successful hedge fund manager. He weighed in on China and Europen debt. The interview aired after the European leaders’ agreement on 50% haircut for Greek debt.
Continue reading …
The bozo recommended Netflix at $1340 with a target of $150. Netflix announced earnings today.
SAN FRANCISCO (AP) — Netflix jolted its already shell-shocked shareholders with a third-quarter financial report that portrayed a company in crisis.
Netflix’s blooper reel, released Monday, included an even larger customer exodus than the company had foreseen after announcing an unpopular price [...]
The Telegraph: Eurozone summit – despair and backbiting in the corridors of power
October 23, 2011 Comments Off
In case if you were betting that Europe will be fixed over the weekend… the headline says it all. Friday’s “breakout” in stocks could be a head-fake. Via Telegraph.
Just when the eurozone governments thought it could not get worse for Europe’s single currency, it did.
Shell-shocked EU finance ministers meeting in Brussels on Saturday were already [...]
Continue reading …
Recent Comments