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Frontrunning: October 13
- Goldman cut to "neutral" by Whitney (Bloomberg)
- Excess liquidity, plunging dollar now swiftly taking Gold into stratosphere - AU at new record (Bloomberg) - is the currency crisis finally upon us?
- Lloyd Blankfein redefines irony: To avoid crises, we need transparency (FT)
- John Crudele digs through more Goldman phone conversations: Somebody in Congress need to look into this (Post)
- CIT's CEO Peek to resign at year end, as company likely prepares for bankruptcy filing (AP)
- CIT debt swap struggles, bankruptcy looms (Reuters)
- Bankers will follow hedge funds to Switzerland (Bloomberg)
- Darrell Issa: Mozilo's friends on the Hill (Washington Times)
- Macau eyes curbs on its booming gambling industry; good timing for that WYNN share offering (AP)
- German investor sentiment slips (FT)
- Debt and the dollar's demise: a compendium of concerns (FT Alphaville)
- JPMorgan tries to calm fears over UK (FT)
- Investing in a weak-dollar global economy (Cumberland)
- Treasuries rally on Fed speculation (Bloomberg)
- Third of staff at RBS Coutts Singapore quits over lack of bonus prospects (FT)
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With company after company beating the consensus on earnings, are the analysts all incompetent idiots, or are they intentionally low-balling the numbers for the "better hthan" ramp jobs?
Yes.
Not mentioned above, but very pertinent: So O-Team, what are you going to do about an escalating oil price?
Lloyd wants transparency? Maybe it's time they put him behind transparent jail bars. Scum bags.
Of course he does. For his competitors. GS will jst request and receive the usual letter of exemption.
i know you guys are totally paranoid when it comes to GS but ironic or not, blankfein is saying the right things about monitoring systemic risk. smarter than what i've read in this website (no offence) or elsewhere.
cheers
This documentary is worth a look
Fairly long at over an hour in run time, but worthwhile viewing imo
'The film offers an in depth look at business influence on politics--analyzing social forces and events that the corporate media and mainstream scholarship has largely distorted or kept hidden. It also analyzes the meaning of democracy.'
http://goldenruledocumentary.blogspot.com/
i have heard from a GS insider that their Q3 results are not as good as Q2. Traders are not taking any big positions as they expect the market to crash.
Just released
GMT 14:00 PM USD USD IBD/TIPP Economic Optimism (OCT) Actual 48.7 Forecast 52.5 Previous 52.5
Next Lloyd Blankfein article: Bonuses Are Bad.
Followed by "Sacrificing Individual Profits to Advance the Common Good"
Gold, bitches.
I am Chumbawamba.
good luck on that CW investigation, Congressmen. the VIP program, it's not just for 'adult entertainment' entities ! No points for a rate buy-down for all.
Mozilo must be hiding somewhere warm, and perhaps, offshore these days. Probably good...he was always too pale.
What is his anti Grecian Formula?
No real surprises here, except possibly seeing Meredith Whitney pulling out of Goldman.
I would have thought that one would be the other way around...