- the $50B Madoff scam. Story broke on the same day as the auto bailout failure in senate. Markets down 300+ pts in pre-open, but miraculously rescued by announcement of White House action. This is a MAJOR story that has big consequences. How many hedge fund investors are now nervous and liquidating positions in order [...]
If you want more of something tax it less.
We lowered dividends and cap gains taxes to15% back in 2001. So you got more dividends, (less reinvestment) Lots of speculation, not a lot of hiring.
We pretty much got what we ordered.
— Barry Ritholtz
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The below is for Barry Ritholtz as I am sure he will enjoy the [...]
This is not terrorism against India but the Western World - the targets have been Western tourists and businessmen, India just happens to be a convenient location to do so.
Second, the investigations will most likely show once again the problem with US policy (that has been discredited again and again), that treating the enemy of [...]
- Crashing prices will help the vast majority of people double, triple, quadruple their standard of living.
- Those who lived above their means by borrowing against assets in the form of mortgages, HELOCs, car loans, leased cars, credit cards, etc, will be knocked down to a much lower standard of living than those who saved [...]
So while Greenspan was portraying to the WORLD he was the “SMARTEST MAN on EARTH” he privately did not KNOW MUCH AT ALL!
Testimony from Greenspan, Cox, and Snow includes to following:
1. We were not smart Enough
2. If we knew it would get this bad we would have written Mortgage Regulations
3. Our Math Models [...]
By JEANNINE AVERSA
Tue Oct 21, 11:52 am ET
WASHINGTON - The Federal Reserve announced Tuesday that it will provide up to $540 billion in financing to bolster the money market mutual fund industry, its latest effort to get credit flowing more freely again.
The Fed’s new program, called the Money Market Investor Funding Facility, will be used [...]
1. American goods become competitive because they are cheaper and more likely to be purchased by overseas customers.
2. They anticipate possible protective tariffs in a trade war that will cause more Americans to buy their goods produced by their company rather than foreign goods that are imported but heavily taxed. While point 2 is a [...]
When the Anglo-Saxon central bankers print unlimited number of fiat money out of thin air it’s called “financial stabilisation, coordinated liquidity injection, bailout package, etc…But when Zimbabwe prints unlimited number of their currency, they are called a banana republic.
I still see a lot of companies reporting a lot worse than expected EPS and more jobs [...]
This is a market of interventions and manipulations so is impossible to time it unless you can know in advance what is planned or are just lucky. Many retail investors are staying out. Best of luck to you though.
All thanks to government intervention and non-free market consequences, almost all of my trades went pear shaped [...]
WASHINGTON (Dow Jones)–U.S. President George W. Bush vowed Tuesday that the
House’s rejection of financial-bailout legislation won’t end the administration’s
drive for a rescue plan, saying a bill is urgently needed to avoid dire
consequences for the U.S. economy.
“As much as we might wish the situation were different, our country is now facing
a choice between government action and [...]
Fed Bernanke: US Econ Still Confronts `Substantial’ Challenges
Last Update: 9/23/2008 7:48:30 AM
By Brian Blackstone
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Federal Reserve Chairman Ben Bernanke on Tuesday urged
swift action on a Treasury Department plan to buy illiquid mortgage-linked
securities and avoid severe spillover effects on the economy.
“Despite the efforts of the [...]
The most vital to underscore is that the beneficiaries of this week’s extraordinary Government schemes aren’t just the coincidental recipients of largesse due to some random stroke of good luck. The people on whose behalf these schemes are being implemented — the true beneficiaries — are the very same people who have been running and [...]
Lower crude prices and a stronger dollar may well be perceived by investors to be “equity positive,” but I am cautious in my valuation of the dollar at this time. The true value of a dollar is not in how it is rising or falling against other fiat currencies, but in actual buying power in [...]
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