What is POMO King Ben Upto?
POMO stands for permanent open market operations by the US federal Reserve Board. With a POMO, the Fed buys the US Treasury debt and pumps…
Market Manipulation
Poll: Does High Frequency Trading (HFT) Add Economic Value?
“We are doing God’s work,” said Llyod Blankfeign of Goldman Sachs. In 2008 Goldman saved its existence by converting itself into a regular bank. They…
Goldman: Don’t Blame Us
“When it comes to its role in the financial crisis, Goldman Sachs has a message for the world: Not guilty. Not one bit.” Here is…
Market Today: Prop Desk to Prop Desk
What I am reading on the blogs is not at all encouraging to the bulls. Currently, stock market in United States and many European exchanges…
Citi Robbers
Stock markets, if they are as free as advertised, NEVER GO UP in a straight line like this (Chart courtesy Jesse’s blog) There is indisputable…
Scamming the ‘Investors’ with no Finger Prints
This one comes to you via courtesy of Zero-Hedge: The Scamming Of Investors Continues, Courtesy Of The Rumormill Formerly Known As The Equity Market 1)…
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…