CoreLogic has released their house price index for May. Bill McBride presents the analysis and graphs here.Comments »
Monthly Archives: July 2012
Instead, they’ll likely only raise taxes.
“It will require both an unprecedented curb on public expenditure and an increase in taxes,” Mr Migaud said.
Or, they could blame Bush. I mean Sarkozy.
But the report revealed no “black hole” in the state books and gave credit to Mr Sarkozy’s administration for a significant improvement in the deficit since 2010. It appeared at odds with the government’s plans for tax hits on big business and the wealthy.
Two strikes. Perhaps France can just grow growth and competitiveness through big social spending?
“In health, education, vocational training, for example, France spends much more than other countries where the outcome in these areas is considerably better than ours,” Mr Migaud said.
Read the article here.Comments »
A rough calculation looks like a 50/50 chance of recession, based on this chart…Comments »
“Courtesy of the author, here is the last excerpt from the excellent Dark Pools: High-Speed Traders, AI Bandits, and the Threat to the Global Financial System, by Scott Patterson, author of The Quants. To read the previous excerpts, see here and here.”Comments »
“With Europe, the BBA, and virtually everyone shocked, shocked, that the global bank cabal schemed and colluded for years to manipulate interest rates, so far only America appears relatively blase, and totally ignorant, about the issue. Perhaps it is because the first bank exposed in the manipulation scheme so far is European, perhaps because it is just tired of all the endless crime coming out of the criminal complex known as Wall Street. It is unclear. Then again, America will soon have its own manipulation scandals to deal with: ”Comments »
A little science adventure in MMS.[youtube:http://www.youtube.com/watch?v=y3_vW5yrNek 450 300] Comments »
In a letter to Solomon, Icahn said the company’s long-time CEO had sold more than $500 million worth of Forest stock several years ago “at prices substantially higher than today’s price.”
“Those sales now look to me like a savvy bet against the prospects of a company that was not prepared to meet the calamitous events that would befall it several years in the future when Lexapro went off patent,” Icahn said.Comments »
FULL STORY AT FBI.GOV
The FBI Bank Robbery Task Force needs your help identifying a bank robber dubbed the “Abe Lincoln Bandit.” The man, sporting a long, Abraham Lincoln-like beard, robbed the Wells Fargo Bank located at 11102 Scarsdale in Houston, Texas, earlier today (June 30, 2012). Surveillance photos are below.
[youtube://http://www.youtube.com/watch?v=WWRlIGEIBuA 450 300] [youtube://http://www.youtube.com/watch?v=UmNV8_VBGX0 450 300]Comments »
[youtube://http://www.youtube.com/watch?v=6Ma6Uv5jbKk 450 300]Comments »