The Telegraph: Eurozone summit – despair and backbiting in the corridors of power
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...
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The Nexus: Belgian Bank Dexia, Greece, The Federal Reserve and the Rest of the Banking Cabal
It is possible the many people have never heard of this Belgian Bank until recently. Even if you haven’t heard about it until you stumbled upon to this article,...
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Too Little Regulation of Banks, Too Much Regulation of Democratic Processes
Remember this Vanity Fair article: Of the 1%, by the 1% for the 1%? Professor Joseph Stiglitz was at the “Occupy Wall Street” rally and appeared on Lawrence...
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This is Absolutely Scary!
——————— Update ————– Senator Dick Durbin said something very very irresponsible on the Senate...
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Morning Update (11-09-30): Is Morgan Stanley in Trouble
So far, this week (especially yesterday) we have seen some of the craziest movements in stock prices around the world. To me this is indicating a lot of trouble ahead....
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Finance: Functionally Inefficient or Socially Predatory?
The golden period of economic growth in the US economy. During that time, the financial sector played its rightful role. What is the role of the financial sector in the...
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