Archive - Jun 23, 2015 - Blog entry

Never a dull moment in Euro-land!

The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis.

The Dow that can be spoken is not the great Dow...

The kids and wife have asked me, "Why do you think it is, dad, that the murderers and robbers are usually black?"   How is a dad supposed to answer this question?

- Doubts over City of London’s “fintech” in age of cyber war - Thousands left in “financial limbo” after tech “error” - 600,000 RBS customer payments go "missing" in "system failure”

Time for the musicians to learn the lessons that the video guys in Hollywood learned from them...

The completion of this pattern will take time to unfold. But it predicts a MASSIVE collapse in stocks.

Arguably, labor markets are stronger today than they have been in the past 20 years, but expectations of financial security for many of us are virtually non-existent. As ZH readers are no doubt aware, despite job numbers being “up” 280,000 last May, and average annual wages increasing 2.3 percent, Americans are still having a difficult time finding full-time work that pays a livable wage.

One hoary old myth claims the interest rate you see isn't real. You see, it’s only nominal. To calculate the real rate, you're supposed to adjust the nominal rate by inflation.