Archive - Jan 22, 2010

• Asian stocks, oil fall on China rates concern, Obama bank plan.
• Asia-Pacific bond risk jumps on Obama bank threat, China growth.
• China is expected to soon surpass Japan as No.2 economy on its revision of 2008 GDP.
• China’s growth surge may make inflation task tougher: Chinese Premier.
• Gold heads for biggest weekly slump in six on Dollar's gain, China outlook.
• Iraq signs Zubair oil field deal with Italy's Eni, US firm Occidental and SKorea's KOGAS.

Well, it looks like Blankein, Dimon, et. al. really should have tried harder to make that meeting with the President a couple of weeks ago. It appeared as if he may have had something important to discuss. Here is a clear break down of the how much principal and prop trading adds to the top and implied bottom lines of Goldman, Morgan Stanley, JP Morgan and Bank of America.

With regulation rising, fees shrinking, and taxes about to take a quantum leap up, who needs it? The scapegoating and demonization of hedge fund managers. Why become a witch, just as the Salem witch trials are starting? Have they no shame? You might as well pour sugar in the fuel tank of my Gulfstream.

RANsquawk 22nd January Morning Briefing - Stocks, Bonds, FX etc.

Is Obama's best policy to date a mere farce to replenish political capital ahead of midterms?

One of the largest state-operated workers comp fund had massively misrepresented its performance. And you thought only Bernie could pull off multi-billion dollar scams...