Morning Musings: 2011-08-09
Update 8/9/2011: Good morning. While I am educating myself this morning, I would like to share what I have been reading/watching: Yesterday’s 634 rout was…
In The News
John Oliver Puts a Funny Spin on a ‘Happy Ending’ Foreclosure Fraud
Monday August 8, 2011 The Forecloser John Oliver gets the scoop on a Florida couple and rookie lawyer who foreclosed on Bank of America and…
Blog Roundup: Is France Next to Get a Downgrade?
Following Friday’s (Aug 5) downgrade of US credit rating, S&P is rumored to set France as its next downgrade target. France’s SocGen and UK’s Unicredit…
Conversation with Satish Vemana on UNVA Student Plight
On Sunday, Aug 7 TANA Treasurer Mr. Satish Vemana joined Prof Mohan Venigalla for a special live show on TORi. Satish has taken the lead…
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Jesse’s Take is Identical to Mine (Or, is it the other Way Round?)
First, futures update: Dow futures are down 289 and S&P futures are down about 32. I would say, it is not as bad as many…
McGraw-Hill vs. Goldman: The Redux
On April 18th, I posted this note about Goldman’s take on S&P’s outlook change on US debt. There is a saying in Telugu, “dongalu dongalu…
S & P Downgrades US Debt. Now What?
On Friday, Aug 5 2011 at 8:01 PM when all financial markets (ex ForEx) in all western countries have closed for trading, Standard and Poor’s…
Uh, Oh. This Can’t be Good, if True!
Sorry to spoil your morning. CNBC’s Larry Kudlow tweeted this last night. Bank runs in Italy. This cannot be good.
Fascinating Lecture About Algos on Wall Street
Fascinating lecture on algos and how they operate in the trading universe.
Debt Burden of Nations
As I mentioned several times, India with only 128% of debt burden (sovereign + consumer debt) and huge population, is the right place to be…
DOW Down 512 pts. Today is for the Record Books.
Financial markets have given an unforgettable 50th birthday gift to the President. Today is nothing less than a massacre for stock markets across the world….
Financial Market Update (Red Alert): Short-Term Yields Going Negative
Short-Term Yields Going Negative In simple English, it means that you have to PAY THE BANK TO KEEP YOUR money. This kind of imbalance happens…
This is why we don’t need more colleges in AP
When Chandrababu Naidu gave permission to a boatload of engineering and medical colleges in the early 2000’s I thought he was lowering the education standards….
Welfare State: A Closer Look at the Surge in Food Stamp Use
As of May 2011, 45 million Americans, or 15% of the population are on food stamps. In 2007 the number is a mere 26 million….
A Better Government, not No Government
Debt ceiling debate is over. Once again, Republicans won the fight (not the debate). Congress passed a bill that would have no “revenue increases” (Democratic…