[email_link] THERE IS NO MANIPULATION. JUST ASK THE MANIPULATORS! LONDON—A day after abruptly resigning amid a mushrooming scandal over interest-rate manipulation, former Barclays PLC chief Robert Diamond on Wednesday was assailed by British lawmakers for the bank’s actions, in a preview of the scrutiny likely to lie ahead for other big lenders that are under…
[email_link] Greetings from the Island of Capri, just off the Amalfi Coast of Southern Italy. Almost done with the Kaltbaum family annual 17 day summer trip. Been to Venice, Rome, Paris and all around the Greek Islands. As usual, I have a few things on my mind. In no particular order: Been watching a lot…
[email_link] Approximately 200,000 Britons own second homes in areas such as the Dordogne and other parts of France, particularly those serviced by budget airlines. Now, however, holiday home owners find themselves in the sights of President François Hollande as he seeks to tax the better-off to reduce France’s large budget deficit. On Wednesday (July 4th), the…
[email_link] Taking from the producers…giving to the middlemen (government) who then spend it inefficiently leading to worsening conditions all around. Hmmm! What other country is looking to follow this insane lead? Read this: http://www.ft.com/intl/cms/s/0/35a28e78-c5c8-11e1-a5d5-00144feabdc0.html#axzz1zlU3LAVe AND WILL JUST LEAD TO THIS: http://www.ft.com/intl/cms/s/0/b4f1ba84-c5c1-11e1-a5d5-00144feabdc0.html#axzz1zlU3LAVe Continued SOURCE: http://www.ft.com
Just a short note because I am in travel mode right now and had not much of a chance to look things over. ECB cut rates as expected…heading to 0% just like us. China also cut rates second time in a month….HMMMM! I thought China was the end-all-be-all. Tomorrow…another fake job’s number…yippee. Markets short term…
[email_link] If you’re reasonably literate about the financial crisis, you probably know that the credit rating agencies have slipped through the carnage like a cat walking away from a knocked-over vase. With their opinions on publicly offered mortgage-backed securities protected by the First Amendment, Standard & Poor’s and Moody’s have won dismissals of the vast…
[email_link] 10 Best Scenes from Mayberry and ‘The Andy Griffith Show’ | Video | TheBlaze.com
[email_link] Has there ever been a better time to be a disastrously inept banker? Well, probably — over the course of human civilization it’s almost always been a pretty good time to be a banker — but today’s finance titans seem uniquely immune to punishment of any sort. Remember how JPMorgan Chase accidentally lost $2…
[email_link] To quote Lando Calrissian, this deal’s getting worse all the time. General Motors(GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy. Normally you might say, tough…
Though indices didn’t budge by the close yesterday, they came back from earlier losses and saw some good moves in growth. AAPL is once again giving some coin to the service. HD did not move out but is still a play if it does. You are insane if you trade too much today…but I wouldn’t…
