Archive - Feb 3, 2010 - Blog entry

Just another good news story. The Feds are doing the right thing on loan mods. They will be accelerating the process. The unintended consequence will be that defaults and foreclosures will have to rise. When? About 5 months from now.

Just when all seemed hopeless, the good people at the Financial Services Roundtable are here to educate one and all. Members of the ZeroHedge community should all attend. Who Should Attend? All new congressional staffers and Capitol Hill staffers who have recently added financial service issues to their portfolio, as well as, the seasoned staffer and who wants to learn more about the major areas of importance impacting our nation and economy. Hurrah! RSVP for one or the entire FSU educational series contact Vince Randulov vince@fsround.org or 202.589.2421. Questions may be directed to Brenda Bowen brenda@fsround.org or 202.589.2420.

As mentioned in my previous posts, I have been engaged in a discussion of the valuation of Goldman Sachs and investment banks in general. Here is how it has played out.

Global pension assets hit the $23 trillion mark and now amount to 70% of the average global gross domestic product, down from 76% a decade earlier. While the increase in pension assets in 2009 is encouraging, the same structural issues that plagued the pension industry before the crisis are still present, leaving them exposed to further downside risk when the tide shifts back.

Is “Trader Mark” the harbinger of a pioneering, disruptive, guerilla type of manager who may set the traditional mutual fund industry back on its ear? Welcome to the “homemade” mutual fund business. An exclusive interview with the founder of www.fundmymutualfind.com . Where sheer grit, imagination, and a reasonable fluency in html will get you. (ATHR), (ASIA), (DRWI), (BRF), (RSX), (IDX), (EWA), (VNM),