The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro "as soon as possible" and return to the...
Submitted by madhedgefundtrader on 07/22/2011 - 10:08
The market’s reaction to a rumored settlement on the debt ceiling was a great “tell” on the short term direction of the financial markets. There is a 100% chance that we get an agreement on the debt ceiling by the August 2 deadline. The republicans have unwisely painted themselves into a corner. So deal they must, and very soon.
Submitted by williambanzai7 on 07/21/2011 - 15:23
Visual Combat: "Now, you must remember: the enemy has only images and illusions behind which he hides his true motives. Destroy the image and you will break the enemy."--From Enter The Dragon
Submitted by Reggie Middleton on 07/21/2011 - 13:24Lehman
Recent history shows us what happens when you borrow short and lend long against assets that have been halved in value, hasn't it? Guess who hasn't been to (very recent) history class...
Submitted by rcwhalen on 07/21/2011 - 09:41
The below is a letter I recently found in my "examiner friends" archives that I thought was worth sharing. This was written in 2005 by an anonymous former Federal Reserve examiner. As a former bank supervisor myself, the accuracy should challenge us all to pay more attention to those in the trenches doing the actual work (whether bank supervisors or in your own firm; management by walking around, as Tom Peters used to quip). To say the below is insightful is an understatement.
Submitted by smartknowledgeu on 07/21/2011 - 08:07
The old Cold War USA-USSR nuclear arms race has been replaced by the East-West battle to accumulate physical gold and physical silver reserves. While Western Central Banks and their puppet bullion banks have distracted and goaded private citizens with the invention of fraudulent bogus paper gold and paper silver derivative products, they themselves have been diving headfirst into real physical precious metals.