• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Frontrunning: August 19

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Fri, 08/19/2011 - 08:22 | 1576518 flyr1710
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obama tells republicans 'it's on'  where, on the golf course or at the 19th hole?

Fri, 08/19/2011 - 08:24 | 1576524 Cdad
Cdad's picture

Bank of America Corp. (BAC) Chief Executive Officer Brian T. Moynihan told his managers at the biggest U.S. lender to expect 3,500 job cuts this quarter.

Hooray!  Let the healing commence.

Fri, 08/19/2011 - 08:30 | 1576544 Sudden Debt
Sudden Debt's picture

It's just Feeding the Dragon as they say.

 

Fri, 08/19/2011 - 08:29 | 1576541 Moneyswirth
Moneyswirth's picture

Reuters story on the BAC cuts:

Executives at the bank are still discussing the possible range of cuts, but one person familiar with the situation said at least 10,000 jobs are likely to be eliminated as part of a wider review, the Wall Street Journal said in a report.

 

Sill Reuters headline writers.  

 

Fri, 08/19/2011 - 08:33 | 1576560 Sudden Debt
Sudden Debt's picture

It was a touch decission.

OR THEY HAD TO FIRE 10 EXECUTIVES

OR THEY HAD TO FIRE 10,000 "EMPLOYEES"

and if they fired 10 executives, it would be dirupt their friday evening bowling team competition they've set up so the "EMPLOYEES" had to take one "FOR THE TEAM"

 

Fri, 08/19/2011 - 09:09 | 1576688 Urban Roman
Urban Roman's picture

In other news, your circulatory humors are out of balance.

We must apply leaches to restore that balance..

Fri, 08/19/2011 - 08:30 | 1576543 TapeReader
TapeReader's picture


Here’s a long-term thought about locking in delivery of crude oil way out into the future and using these prices to create a retail gasoline futures contract so that the average Joe can fill up his car with $3.50 gas for the next 5 years….

http://algofutures.com/blog/why-arent-retail-gasoline-futures-being-offered-by-the-seven-sisters-or-better-yet-by-a-retail-gas-company-that-wants-to-eat-the-7-sisters-lunch/

Hope that you find this as interesting as I do.

C

Fri, 08/19/2011 - 08:31 | 1576547 disabledvet
disabledvet's picture

When The Krug Man starts wearing a black beret and face paint then i'll know "we're good to go." Until then i'm more on the side of being...."unmoved."

Fri, 08/19/2011 - 08:31 | 1576548 Careless Whisper
Careless Whisper's picture

The careless Whisper Morning Report

Rick Perry Gay Rumors Go Unanswered

http://www.youtube.com/watch?v=B6MU0u34FQQ

GoldmanSachs Getting Out Of Prison Biz

http://www.nypost.com/p/news/business/prison_phone_profit_lFs1FFO4W7hcG8...

Maxime Waters: Obama Creating Angry Black Men

http://www.latimes.com/news/nationworld/nation/la-na-maxine-waters-20110...

Governor Cancels Reality Show About How Good Florida Prisons Are: Governor Trying To Privatize Them

http://www.palmbeachpost.com/news/state/gov-scott-shuts-down-shooting-of...

Bank Of America: 10,000 Layoffs

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/08/18/national/a22...

England Or North Korea?: Protestors Go To Prison

http://www.guardian.co.uk/uk/2011/aug/18/full-picture-of-riot-sentences

 

Fri, 08/19/2011 - 08:39 | 1576575 sudzee
sudzee's picture

Biden current trip to China to beg forgivness and "we are good for the money". Next up will be a trip to see Chavez to beg for his gold to be deposited in NY " cause you know we are good people".

Fri, 08/19/2011 - 08:41 | 1576582 joak
joak's picture

The Teleprompter cannot withdraw anymore :

http://www.youtube.com/watch?v=czLjm8QqRSc

Fri, 08/19/2011 - 08:44 | 1576587 zorba THE GREEK
zorba THE GREEK's picture

Hold on to your personal property and at all times keep hands and feet inside of car, the ride is about to begin

Fri, 08/19/2011 - 08:54 | 1576619 Moneyswirth
Moneyswirth's picture

Headline on Bloomberg:  "Futures pare losses"

SPY futures down 16.50

Ahahahahahaha

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