• The Biggest Market Sell-Offs in History
    Pivotfarm
    05/23/2013 - 12:57
    The Nikkei dropped by 7.3% at the end of the day and Hong Kong’s Hang Seng dipped by 2.5%. Shanghai maintained a moderate fall at just 1.2% (if you believe that data now!). The Asian markets are down.
  • Political Polling Popularity?
    Pivotfarm
    05/23/2013 - 12:49
    Popularity is something that can be determined by two things. Firstly, it doesn’t last! When too many people start liking you anyway, there is always someone that is there ready to knife you in the...

PragmaticIdealist's picture

Why The FDIC Federal Reserve TBTF Banking System Must Go

Submitted by PragmaticIdealist on 10/23/2010 - 16:37 Fail Federal Deposit Insurance Corporation Federal Reserve Monetary Policy Moral Hazard Let A = America, B = Banking System, and C = the Crony System. Then, given a heavily subsidized and corrupt financial system in the U.S., we can infer that A + B = C. Since we know that C must fail due to its poor design and widespread moral hazard, and that B is too big to fail, where does that leave A?
Econophile's picture

I Dare Paul Krugman To Debate Austrian Theory

Submitted by Econophile on 10/23/2010 - 16:34 Krugman Mises Institute Paul Krugman Paul Krugman doesn't know anything about Austrian economic theory but he feels competent to criticize it. He has refused to debate the topic in the past. Now a top notch Austrian theory economist is challenging him to a debate. The lure: $100,000. Will he do it?
williambanzai7's picture

Banzai7 News Bureau Exclusive: Important Ministry of Information Announcement

Submitted by williambanzai7 on 10/23/2010 - 15:14 Creditors Finance Industry Medicare Mortgage Industry Shaun Donovan If you are worried about the potential systemic risks caused by the developing mortgage fraudclosure story, you better view this important announcement immediately.
madhedgefundtrader's picture

Say Goodbye to Your Favorite Teacher

Submitted by madhedgefundtrader on 10/23/2010 - 12:47 Apple The painful cost cutting, layoffs, and downsizing that has swept the corporate area for the past 30 years is now being jammed down the throat of the public sector. The financial crisis afflicting states and municipalities is going to make the school teacher join the sorry ranks of the service station attendant, the elevator operator, and the telephone operators. A profession that has been rendered useless by technology. High schools are about to move online. Anyone for a student teacher ratio of 250:1? (BBBB).
Bruce Krasting's picture

New CBO Forecast - Age Warfare

Submitted by Bruce Krasting on 10/23/2010 - 12:15 Congressional Budget Office France This is coming our way.
rcwhalen's picture

The Sanders Polynomial or Why “Esto se va a poner de la chingada”

Submitted by rcwhalen on 10/23/2010 - 09:05 BAC Bank of America Bank of America Countrywide Creditors default Fannie Mae Federal Deposit Insurance Corporation Foreclosures Freddie Mac Institutional Risk Analytics Merrill Mexico Real estate Reality Reuters Wachovia Washington Mutual When people ask what to expect in the large bank, GSE and real estate sectors in 2011, we say that the day of reckoning put off by not restructuring Countrywide, Bear, Merrill, Wachovia et al two years ago is now coming due. The operational and financial reality of insolvency can only be put off for so long. Or to refer to the immortal words of Joaquin “el chapo” Guzman, spoken after the mistaken 1993 killing of Cardinal Posadas at the Guadalajara airport: “Esto se va a poner de la chingada”
williambanzai7's picture

Paranormal Trading Activity 2 (opens this weekend, started long ago)

Submitted by williambanzai7 on 10/23/2010 - 02:34 Mary Schapiro "Well, whatever it is that's following me, it doesn't feel... it doesn't feel human. It feels like it's... it feels like an algorithmic robot trading monster. I mean like, it wants to sub penny, quote stuff and spoof all my trades."
Leo Kolivakis's picture

Ego Makes Entrepreneurs?

Submitted by Leo Kolivakis on 10/23/2010 - 00:41 Bill Gates Black Swans Bond China ETC Fail Leo de Bever Reality Uranium World Trade What does it take to succeed in the world of entrepreneurship?
MoneyMcbags's picture

Will Geithner's plan at G20 hit the spot?

Submitted by MoneyMcbags on 10/23/2010 - 00:30 China Financial Regulation First Amendment Fisher Germany Gross Domestic Product Hyperinflation Japan Main Street Mexico Moral Hazard None Quantitative Easing TARP Tim Geithner Unemployment Unemployment Insurance Warren Buffett The market was mixed today as fears of currency wars formed the yin to earnings beats' yang (or the teeth to earnings beats' hummer if you will) and with macro data more non-existent than Mel Gibson's career, there wasn't much for the Street to manipulate.
George Washington's picture

70% Of All Stock Market Trades Are Held for An Average of 11 SECONDS

Submitted by George Washington on 10/22/2010 - 15:34 New York Times program trading Program Trading Tyler Durden 11 seconds ...
ilene's picture

Thank G20 It’s Friday!

Submitted by ilene on 10/22/2010 - 14:09 Abu Dhabi Brazil China European Union France Germany goldman sachs Goldman Sachs International Monetary Fund Italy Japan Matt Taibbi Middle East Monetary Policy Morgan Stanley Reality Saudi Arabia Switzerland Tim Geithner United Kingdom Volatility Yen Yuan That’s the word from US Treasury Secretary Tim Geithner as he seems to forget that people follow him around with notepads and microphones as he begins the game of "Survivor - Global Currencies" although Tim seems to be following the very interesting strategy of trying to be voted out first so maybe there’s a method to his madness after all.
Phoenix Capital Research's picture

The REAL Big Story for Financial Markets Today… Which No One is Talking About

Submitted by Phoenix Capital... on 10/22/2010 - 13:16 Ben Bernanke Ben Bernanke Bond China Copper Corruption Federal Reserve headlines Tim Geithner Few commentators realize what the BIG story is for the financial markets today. The BIG story is not the mortgage fraud, the corruption, or the computerized trading (although the last one dominates US stock markets’ daily action). No, the big story is the monetary actions of the massively indebted US vs. the credit cooling China.
ilene's picture

Screwflation Nation - Ben and Tim at it Again!

Submitted by ilene on 10/22/2010 - 12:54 Beige Book Ben Bernanke Ben Bernanke Dallas Fed Doug Kass Federal Reserve Krugman Purchasing Power Quantitative Easing Real Interest Rates Stagflation The unnamed official nearly fell off his chair laughing when I said "So, does the US still have a strong dollar policy?" It was meant as a joke.
madhedgefundtrader's picture

The Solar Boom in California

Submitted by madhedgefundtrader on 10/22/2010 - 11:53 China Fail Middle East national security There is a stampede by 49 alternative energy projects to get approval before massive federal incentives offered by Obama expire at the end of the year. The golden state has set a goal of obtaining 33% of its electric power from alternative sources by 2020, the most ambitious anywhere in the world. Making the state a hot house for new energy technologies that can be exported to the rest of the world. (SPIR), (HOKU), (FSLR), (TSL).
williambanzai7's picture

KELLY'S ZEROES (Banzai7's Subprime Movie of the Week)

Submitted by williambanzai7 on 10/22/2010 - 11:43 default Federal Reserve Federal Reserve Bank Helicopter Ben "All the burning mortgages that are falling after me-- All the default feelings and the bankrupt memories-- Every bank I left behind each time I borrowed more-- Burning mortgages lost forevermore"
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