eRead the Economic Report of the President
Yesterday the White House released the annual Economic Report of the President – a detailed analysis of actions taken by the Administration to address our Nation’s…
Business
Doing the God’s Work
Remember the infamous slip of tongue by Goldman’s CEO Lloyd Blankfine that Goldman is doing “God’s work?” This PBS report sheds some light on that…
Will Volker Rule Rule?
Finally the only economist on this planet who has really succeeded in battling dire economic conditions with a series of tough measure is having his…
The Lone Warrior Against Sleazy Banks
It seems to me that Elizabeth Warren, Chairwoman of Congressional Oversight Panel is the only person fighting for the consumer against the sleazy business practices…
Greece Bailout
Today the Eurozone leaders have announced some sort of a rescue plan for debt burdened Greece. The pledge failed to calm fears. Experts I follow…
Free Markets, My Foot!
Here is a nonsensical rant from a right-wing nut and a CNBS host Larry Kudlow. According to this ‘recovered’ drug addict and yet to recover…
“Goldmen” – They are Everywhere
They claim to be the smartest, better than the best. yada yada yada. May be, they are better than the best at keeping the right…
Mark Faber: If US Were a Corporation, its Bonds Would be Junk
Mark Faber doesn’t need introduction. A smart, no, very smart investor. Listen to what he has to say.
Carry Trade Implosion: Again
Recent slide in markets is mainly attributed to the implosion of economies in PIGS (Portugal, Ireland, Greece and Spain). While this is going on,rumor is…
Humpty Dumpty was Pushed
Gretchen Morgenson of NY Times is a great business reporter. She is one of the few financial reporters who went against the market hype during…
One of Many Different Faces of Fraud (The “Healthy” Bank)
This person has been living in their house without making a mortgage payment for nearly a year and a half, and the bank – it’s one of the “Big Three” – HAS NOT FORECLOSED. [Big three: Bank of America, JP Morgan Chase and Citigroup]
Financial Markets: What is Happening?
If you haven’t noticed the recent turmoil in world financial markets, you haven’t been paying attention. Oh yes, it will affect you in one way…
DOW 10000, The Redux
CNBC is notorious for its cheer leading for markets when they are going up. They even go to the extent to discredit any voices of…
El-Erian: Mind the Gap
Few people with vested interest in financial markets openly say things that are worth listening to. Mr. Mohamad El-Erian of Pimco is one of the…
Ratigan on Obama’s Olive Branch
Dylan Ratigan was one of the very few sane reporters on CNBS. He was shown the door for reasons not disclosed. However, he came back…