Money & Markets – Week of 7.25.10
Goldman’s Leading Indicator Plummets To A Seven-Month Low, Predicts An ISM Collapse Next Week
Business Insider (30 July 10)
China Overtakes Japan as No.2 Economy: FX Chief
Yahoo News (30 July 10)
A …
Goldman’s Leading Indicator Plummets To A Seven-Month Low, Predicts An ISM Collapse Next Week
Business Insider (30 July 10)
China Overtakes Japan as No.2 Economy: FX Chief
Yahoo News (30 July 10)
A …
Goldman’s Leading Indicator Plummets To A Seven-Month Low, Predicts An ISM Collapse Next Week
Business Insider (30 July 10)
China Overtakes Japan as No.2 Economy: FX Chief
Yahoo News (30 July 10)
A …
Citigroup, JPMorgan Said to Have Sold AIG Protection to Goldman
Bloomberg (23 July 10)
Here Comes The Real Stress: Only 27% Of China Project Loans To Be Repaid In Full
Zero Hedge (23 July 10)
11th …
Citigroup, JPMorgan Said to Have Sold AIG Protection to Goldman
Bloomberg (23 July 10)
Here Comes The Real Stress: Only 27% Of China Project Loans To Be Repaid In Full
Zero Hedge (23 July 10)
11th S…
The Last Bubble: The Problem of Unresolved Debt in the US Financial System
Jesses Crossroads Cafe (15 July 10)
Fed’s Volte Face Sends The Dollar Tumbling
Telegraph.co.uk (15 July 10)
Demand For Fina…
The Last Bubble: The Problem of Unresolved Debt in the US Financial System
Jesses Crossroads Cafe (15 July 10)
Fed’s Volte Face Sends The Dollar Tumbling
Telegraph.co.uk (15 July 10)
Demand For Fina…
Getting America Back In Business
USAonly.US
China to Roll Out Nationwide Tax on Oil And Gas Sales
BBC News (8 July 10)
How Large is the Outstanding Value of Sovereign Bonds?
Calculated Risk (8 July …
Tax Informant Wins Ruling In Dillon Fortune Case
Forbes | 10 July 2010
First to construe…
Silos and silences: Why so Few People Spotted the Problems in Complex Credit and what that Implies for the…
BP Share Slide as Oil Spill Bill Climbs to $2.35bn
Guardian.co.uk (25 June 10)
Musk Bets on $178 Million Tesla IPO to Fund Battery-Car Gambit
Bloomberg (25 June 10)
ECRI Leading Economic Index Plung…
BP Share Slide as Oil Spill Bill Climbs to $2.35bn
Guardian.co.uk (25 June 10)
Musk Bets on $178 Million Tesla IPO to Fund Battery-Car Gambit
Bloomberg (25 June 10)
ECRI Leading Economic Index Plung…
ECB Must Buy ‘Hundred of Billions’ of Bonds to Tame Europe’s Debt Crisis
Telegraph.co.uk (17 June 10)
Cautious Women Trump Wealthy Men
Reuters (18 June 10)
U.S Debt to Rise to $19.6 Trillion by 201…
ECB Must Buy ‘Hundred of Billions’ of Bonds to Tame Europe’s Debt Crisis
Telegraph.co.uk (17 June 10)
Cautious Women Trump Wealthy Men
Reuters (18 June 10)
U.S Debt to Rise to $19.6 Trillion by 2015…
European Shares Fall as BP Drops; Await ECB, BoE
Reuters (10 June 10)
Radiohead Frontman: Music Industry On Verge Of Collapse
chron.com (9 June 10)
Hard Times in Central Falls, R.I.
The Wall Street …
European Shares Fall as BP Drops; Await ECB, BoE
Reuters (10 June 10)
Radiohead Frontman: Music Industry On Verge Of Collapse
chron.com (9 June 10)
Hard Times in Central Falls, R.I.
The Wall Street …
Meat Grinder Market Could Last 8 Years: Rosenberg
Yahoo Finance (3 June 10)
BP to Fund Oil Barriers Off Louisiana Coast
BBC News (3 June 10)
Xstrata Halts Spending on A$6.6 Billion of Projects
Bl…
Meat Grinder Market Could Last 8 Years: Rosenberg
Yahoo Finance (3 June 10)
BP to Fund Oil Barriers Off Louisiana Coast
BBC News (3 June 10)
Xstrata Halts Spending on A$6.6 Billion of Projects
Bloo…
Antioch California Considers Bankruptcy; Former LA Mayor Predicts Bankruptcy for LA
Mish’s Global Economic (27 May 10)
Germany Confirms Fed Intervention in Currency Markets
GATA (28 May 10)
Lipper R…
Antioch California Considers Bankruptcy; Former LA Mayor Predicts Bankruptcy for LA
Mish’s Global Economic (27 May 10)
Germany Confirms Fed Intervention in Currency Markets
GATA (28 May 10)
Lipper R…
William Engdahl
Euro Slump Due To Planned Wall Street And Washington’s Attack – Read Article
Germans Fantasize About New Rich-Nation Currency Bloc That Doesn’t Even Include France
Business Insider …
William Engdahl
Euro Slump Due To Planned Wall Street And Washington’s Attack – Read Article
Germans Fantasize About New Rich-Nation Currency Bloc That Doesn’t Even Include France
Business Insider …
By Tyler Durden
And now for today’s bombshell – literally at the very end of Moody’s 10-Q filed last night, we find this stunner:
On March 18, 2010, MIS received a “Wells Notice” from the Staff …
EU Bullied into $1T Banking Bonanza
Euro Experiment
EU Bullied into $1T Banking Bonanza
Euro Experiment
Germany Backs Greek Aid as Merkel Urges EU Discipline
Bloomberg.com (7 May 10)
John Taylor: “Dead Man Walking…The Euro Is Finished”
Zero Hedge (6 May 10)
Congress Members Bet on Fall in Stocks
The…
Germany Backs Greek Aid as Merkel Urges EU Discipline
Bloomberg.com (7 May 10)
John Taylor: “Dead Man Walking…The Euro Is Finished”
Zero Hedge (6 May 10)
Congress Members Bet on Fall in Stocks
The…
Goldman Sachs Reveals it Shorted Gulf of Mexico
The Huffington Post (30 April 10)
Treasury Redeems A Gargantuan $643 Billion In Treasuries In April
Zero hedge (30 April 10)
With $2 Trillion In 3 Yea…
Goldman Sachs Reveals it Shorted Gulf of Mexico
The Huffington Post (30 April 10)
Treasury Redeems A Gargantuan $643 Billion In Treasuries In April
Zero hedge (30 April 10)
With $2 Trillion In 3 Yea…
Mayor Bloomberg’s Offshore Millions
New York Observer (20 Apr 10)
GOP Ramps Up Attacks on SEC Over Porn Surfing
DailyFinance (23 Apr 10)
Senators Close to a Deal on Financial Regulation Bill
Washing…
Mayor Bloomberg’s Offshore Millions
New York Observer (20 Apr 10)
GOP Ramps Up Attacks on SEC Over Porn Surfing
DailyFinance (23 Apr 10)
Senators Close to a Deal on Financial Regulation Bill
Washing…
Fried-Chicken Indicator Isn’t Bullish
MarketWatch.com (16 Apr 10)
Greek Aid in Doubt as German Professors Prepare Court Challenge
London Telegraph (15 Apr 10)
Saint-Etienne Swaps Explode as Financia…
Fried-Chicken Indicator Isn’t Bullish
MarketWatch.com (16 Apr 10)
Greek Aid in Doubt as German Professors Prepare Court Challenge
London Telegraph (15 Apr 10)
Saint-Etienne Swaps Explode as Financia…
Glenn Beck Inc
Forbes (26 April 10)
Los Angeles Water/Coal Impasse Sees $3.2B GO Debt Downgrade
MarketNews.com (7 April 10)
Moody’s Cuts LA Credit Rating, Warns of More Downgrades
Moneynews.com (7 A…
Glenn Beck Inc
Forbes (26 April 10)
Los Angeles Water/Coal Impasse Sees $3.2B GO Debt Downgrade
MarketNews.com (7 April 10)
Moody’s Cuts LA Credit Rating, Warns of More Downgrades
Moneynews.com (7 A…
U.S. Stocks Rise as Drug Shares Gain on House Health Bill
Bloomberg.com (22 March 10)
SEC: Hacker Manipulated Stock Prices
Wired (16 March 10)
Sudden Death For The U.S. Dollar!
Uncommon Wisdom (Marc…
U.S. Stocks Rise as Drug Shares Gain on House Health Bill
Bloomberg.com (22 March 10)
SEC: Hacker Manipulated Stock Prices
Wired (16 March 10)
Sudden Death For The U.S. Dollar!
Uncommon Wisdom (Marc…
Power Cost To Surge In Three Years
The Sydney Morning Herald (20 March 10)
Record Weekly Outflow From Money Market Funds-EPFR
Reuters (18 March 10)
Greenspan Disputes View That Fed Left Rates Too Lo…
Power Cost To Surge In Three Years
The Sydney Morning Herald (20 March 10)
Record Weekly Outflow From Money Market Funds-EPFR
Reuters (18 March 10)
Greenspan Disputes View That Fed Left Rates Too Lo…
Granny D … having raised more hell in her last decade than most people
do in their whole lives.
Doris “Granny D” Haddock, the woman best known for walking more than 3,200 miles across the co…
Examiner Sees Gimmicks in Lehman Demise
Reuters (12 March 10)
Morgan, Citigroup Helped Cause Lehman’s Collapse, Examiner Finds
GATA (11 March 10)
So Where, Exactly, Did Lehman’s $130 Billion Go?
N…
Examiner Sees Gimmicks in Lehman Demise
Reuters (12 March 10)
Morgan, Citigroup Helped Cause Lehman’s Collapse, Examiner Finds
GATA (11 March 10)
So Where, Exactly, Did Lehman’s $130 Billion Go?
N…
Russia Nudging Belarus, Kazakhstan Away From Dollar
GATA (5 March 10)
Treasury’s Bailout Overseer Shifts Course From ‘Too Big to Fail’
The Washington Post (5 March 10)
Greece Should Sell Islands to…
Russia Nudging Belarus, Kazakhstan Away From Dollar
GATA (5 March 10)
Treasury’s Bailout Overseer Shifts Course From ‘Too Big to Fail’
The Washington Post (5 March 10)
Greece Should Sell Islands to…
Thai Court Reading Verdict on Thaksin’s $2.3 Billion
Bloomberg.com (26 Feb 10)
Germany Debt Chief Hints at Greek Rescue
Telegraph.co.uk (25 Feb 10)
An Interview with Hernando de Soto
McAlvany (24 …
Thai Court Reading Verdict on Thaksin’s $2.3 Billion
Bloomberg.com (26 Feb 10)
Germany Debt Chief Hints at Greek Rescue
Telegraph.co.uk (25 Feb 10)
An Interview with Hernando de Soto
McAlvany (24 …
And Some More Horrible News: Lipper FMI Reports $916M in High Yield Bond Overflows, Following $1B Outflow in Prior Week
ZeroHedge (18 Feb 10)
Fed Begins Tightening Process: Discount Rate Raised To 0….
And Some More Horrible News: Lipper FMI Reports $916M in High Yield Bond Overflows, Following $1B Outflow in Prior Week
ZeroHedge (18 Feb 10)
Fed Begins Tightening Process: Discount Rate Raised To 0….
Goldman Sachs Faces ‘Robin Hood Tax’ Vote-rigging Claims
Telegraph.co.uk (11 Feb 10)
China Orders Retreat From Risky Assets
Telegraph.co.uk (10 Feb 10)
Coming To America: The Greek Sovereign Debt Cr…
Goldman Sachs Faces ‘Robin Hood Tax’ Vote-rigging Claims
Telegraph.co.uk (11 Feb 10)
China Orders Retreat From Risky Assets
Telegraph.co.uk (10 Feb 10)
Coming To America: The Greek Sovereign Debt Cr…
G-7 Splits Hurt Investors as Ministers Seek Exit Plan
Bloomberg.com (05 Feb 10)
JPMorgan’s Dimon Gets $17 Million Stock Award Bonus
Bloomberg.com (05 Feb 10)
Swiss Central Bank Aggressively Pushes…
G-7 Splits Hurt Investors as Ministers Seek Exit Plan
Bloomberg.com (05 Feb 10)
JPMorgan’s Dimon Gets $17 Million Stock Award Bonus
Bloomberg.com (05 Feb 10)
Swiss Central Bank Aggressively Pushes…
Funds Flee Greece as Germany Warns of “Fatal” Eurozone Crisis
Telegraph.co.uk (28 Jan 10)
EU Signals Last-resort Backing For Greece
Financial Times (29 Jan 10)
Geithner Was ‘Not Doing His Job’ a…
Funds Flee Greece as Germany Warns of “Fatal” Eurozone Crisis
Telegraph.co.uk (28 Jan 10)
EU Signals Last-resort Backing For Greece
Financial Times (29 Jan 10)
Geithner Was ‘Not Doing His Job’ a…
Meredith Whitney Predicts Obama Bank Plan Will Pass
Bloomberg.com (22 Jan 10)
Obama’s Banking Proposals: The Impact on Europe
BBC News (22 Jan 10)
Strike A Blow At The Market-rigging Banks By Movi…
Meredith Whitney Predicts Obama Bank Plan Will Pass
Bloomberg.com (22 Jan 10)
Obama’s Banking Proposals: The Impact on Europe
BBC News (22 Jan 10)
Strike A Blow At The Market-rigging Banks By Movi…
Who Is the ‘One Big Bidder’ For US Treasuries?
Jesses’s Cafe American (14 Jan 10)
Bernanke Fights to Keep Bank Powers in Senate Letter
Bloomberg.com (14 Jan 10)
A Contrarian View Of China: Tying It …
Who Is the ‘One Big Bidder’ For US Treasuries?
Jesses’s Cafe American (14 Jan 10)
Bernanke Fights to Keep Bank Powers in Senate Letter
Bloomberg.com (14 Jan 10)
A Contrarian View Of China: Tying It …
Massive Jump In Emergency Unemployment Compensation (EUC) Benefits – Up 43% In One Month!
Mish’s Global Economic Analysis (07 Jan 10)
Census Jobs May Jump-Start U.S. Employment Rebound in 2010
Bloom…
Massive Jump In Emergency Unemployment Compensation (EUC) Benefits – Up 43% In One Month!
Mish’s Global Economic Analysis (07 Jan 10)
Census Jobs May Jump-Start U.S. Employment Rebound in 2010
Bloom…
Ethiopian Farms Lure Investor Funds as Workers Live in Poverty
Bloomberg.com (31 Dec 09)
Treasury Debt Sales Top $2.1 Trillion for Year
The Wall Street Journal (31 Dec 09)
Bankers Get $4 Trillion …
Ethiopian Farms Lure Investor Funds as Workers Live in Poverty
Bloomberg.com (31 Dec 09)
Treasury Debt Sales Top $2.1 Trillion for Year
The Wall Street Journal (31 Dec 09)
Bankers Get $4 Trillion …
Harvard Swaps Are So Toxic Even Summers Won’t Explain
Bloomberg.com (22 Dec 09)
Banks With Political Ties Got Bailouts, Study Shows
Reuters (21 Dec 09)
Predictions for 2010: The Best is Yet to Com…
The European AIG: How Moody’s Downgrade Of Greece Can Start The Avalanche
Zero Hedge (18 Dec 09)
PIMCO Sells $26.5 Billion In Treasuries And MBS In November, Goes To Cash
Zero Hedge (17 Dec 09)
Surv…
The European AIG: How Moody’s Downgrade Of Greece Can Start The Avalanche
Zero Hedge (18 Dec 09)
PIMCO Sells $26.5 Billion In Treasuries And MBS In November, Goes To Cash
Zero Hedge (17 Dec 09)
Surv…
Charlie Rose – Robin Williams
YouTube (07 Dec 09)
Soros Seeks $100 Billion in IMF Funds for Green Plan
Bloomberg.com (10 Dec 09)
Brown And Sarkozy Call For Special Tax on Bank Bonuses
Reuters (10 D…
Charlie Rose – Robin Williams
YouTube (07 Dec 09)
Soros Seeks $100 Billion in IMF Funds for Green Plan
Bloomberg.com (10 Dec 09)
Brown And Sarkozy Call For Special Tax on Bank Bonuses
Reuters (10 D…
By Suzanne McGee
With money tight, top philanthropists insist on more bang for the buck. Meet the 25 most effective givers.
The name of the game in philanthropy this year is to make your dollars g…
Matt Weinstein, Playfair Inc.
Depressed Americans Quit The Labor Force
The Business Insider (04 Dec 09)
Israel’s Fischer Says World Must Accept A Weaker US Dollar
Reuters (03 Dec 09)
Warning on …
‘One Worker, One Vote:’US Steelworkers to Experiment with Factory Ownership, Mondragon Style
Solidarity Economy (27 Oct 09)
Washington Post to Close Three Regional Bureaux
BBC News (25 Nov 09)
Rus…
Stocks Plunge as Treasury Three-Month Bill Yields Turn Negative
Bloomberg.com (19 Nov 09)
Wells Fargo to Pay $1.4 Billion in Auction-Rate Securities Settlement
Law.com (19 Nov 09)
Geithner Blames C…
Barrick Shuts Hedge Book as World Gold Supply Runs Out
Telegraph.co.uk (11 Nov 09)
Barclay’s Remarkable Bargain
New York Times (9 Nov 09)
How the Government Is Swallowing the Economy
Yahoo Finance (…
World’s Central Banks Signal End to Policy ‘Largesse’
Bloomberg.com (6 Nov 09)
U.S. Stocks Erase Gain as House Votes to Limit Card Rates
Bloomberg.com (4 Nov 09)
Buffett Joins Goldman in Bid for Fan…
Shell Profit Plunges
Reuters (29 Oct 09)
Einhorn’s Next Call Won’t Be as Easy as Lehman: William Pesek
Bloomberg.com (29 Oct 09)
Unemployed Tap Their 401(k)s
CNN Money (28 Oct 09)
Soros: China…
Goldman Sachs Still Paid for Swaps on Redeemed Bonds (Update2)
Bloomberg.com (23 Oct 09)
Companies Played Key Role in Getting Salaries Cut
The Slatest (22 Oct 09)
BOE’s King: Big Banks Should Get…
Greenspan Says U.S. Should Consider Breaking Up Large Banks
Bloomberg.com (16 Oct 09)
Russia Ready to Abandon Dollar in Oil, Gas Trade With China
RIANOVOSTI (16 Oct 09)
HSBC Private Bank Goes Nucl…
The Treasury Department Endorses Lying To The Public
Zero Hedge (07 Oct 09)
Asian Central Banks Intervene as Dollar Tumbles
The Wall Street Journal (08 Oct 09)
Ohmigod! Commodity Investors Might Ha…
Tracking Stimulus Dollars: Dot-Com Vs. Dot-Gov
NPR (02 Oct 09)
Europe’s Jobless Youth ‘Tragedy’ Rattles EU Ministers
Telegraph.co.uk (01 Oct 09)
Slow Money, Financial Permaculture and Capitalism
Cre…
Goldman Desperate To Avoid PR Disaster Come Bonus Season (G)
The Business Insider (24 Sept 09)
Banks Are Forcing Homeowners to Keep Paying After Short Sales
Business Week (21 Sept 09)
New Deadly Do…
By Brian Baxter
Recent disclosures from the Federal Housing Finance Agency reveal that lawyers representing former Fannie Mae executives Franklin Raines, J. Timothy Howard and Leanne Spencer have r…
SEC Proposes Ban on Allowing Stock Flash Orders (Update1)
Bloomberg.com (18 Sept 09)
Cap-and-Trade Memos Fire Up The Skeptics
The Washington Post (17 Sept 09)
Iraq’s Missing Billions
Top Document…
By Avi Feller and Chad Stone
Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income i…
By Jonathan Tirone
The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, t…
Business Lobby Urges Pension Freeze
Reuters.uk (11 Sept 09)
European Commission Sees Galloping UK Debt Crisis
Telegraph.co.uk(10 Sept 09)
As the Markets Climb on Top of One Big, Incestuous Pool of …
Here is an update on last week’s blog post:
Oldest Swiss Bank Advises Clients to Pull Out of US Securities
Here is the full investment commentary from the bank:
Wegelin & Co. Investment Comme…
The report that the State Assets Supervision and Administration Commission (SASAC) would allow Chinese state-owned enterprises (SOEs) to default on derivative deals was misinterpreted, Reuters repor…
Lehman Downfall Triggered by Mix-up Between London And Washington
Guardian.co.uk (03 Sept 09)
Bailout Propaganda Begins
True/Slant (01 Sept 09)
Washington vs. Silicon Valley
The Wall Street Journa…
Fed Urges Secrecy on Banks in Bailout Programs
Reuters (27 Aug 09)
~ View the docket and documents involved in this case
Capital Flight: A Plunge in Foreign Capital Inflows Preceded…
FDIC Transfers Guaranty to BBVA Compass
FDIC (21 Aug 09)
China Now Japan’s Top Partner
Zero Hedge.com (20 Aug 09)
Regulators Shut Guaranty Financial
ABC News (21 Aug 09)
Pension Watch
Pension T…
Starwood Raises $810 Million, May be Year’s Top IPO
Reuters (12 Aug 09)
Deutsche Bank Tactics Push Bohndorf Into Spotlight (Update2)
Bloomberg.com (12 Aug 09)
China Makes Unexpected Grab For Canadi…
Animal Rights Extremists Target Novartis CEO
Swissinfo.ch (04 Aug 09)
AIG Breakup Is Fee Bonanza
The Wall Street Journal (07 Aug 09)
Judge Won’t Approve Bank of America: Sec Settlement
Reuters (06 …
The End Of The End Of The Recession
Zero Hedge (26 July 09)
Bernanke: This May be Worse Than Great Depression
Market Watch (26 July 09)
51% Lack Confidence In U.S. Banking System
Rasmussen Reports …
We Now Have A Total Gangster Government
YouTube
FDIC’s Bair Seeks Fund to Wind Down Finance Firms (Update2)
Bloomberg.com (23 July 09)
CIT Hit With Interest Rate More Than 25 Times Libor (Update3)…
American Express Halts UK Pension Payments
TimesonLine (16 July 09)
Calif. Tax Officials: Legal Pot Would Bring $1.4B
Yahoo News (15 July 09)
World Bank Warns of Deflation Spiral
Telegraph.co.uk (15…
World leaders Meet For G-8 Summit
Leaders of rich and developing nations want to finally seal a long-delayed world trade deal next year and head off trade wars that could hit world economies as the…
Important Dates in the Monetary History of the United States, Part IV, 1792 – Coinage Act of 1792
By David Liechty
The Coinage Act of 1792 (Act of 2 April 1792, , ch. 16, 1 Stat. 246 , ) furth…
Picture by David Williams
Only a year ago, Harvard had a $36.9 billion endowment, the largest in academia. Now that endowment has imploded, and the university faces the worst financial crisis in its…