iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

$GS to Jobless Jack

[youtube://http://www.youtube.com/watch?v=cddjB-k6QOk 450 300]

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A Million Revolutions

[youtube://http://www.youtube.com/watch?v=63dokT3hjRs 450 300]

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Documentary: Trading on Thin Air

Cheers on your holiday weekend!

[youtube://http://www.youtube.com/watch?v=cbyk1jI5YFU 450 300]

Trading on Thin Air explains the methods used by the financial oligarchy in the past to extract the wealth of the nation and shows how the same strategy is being used today to subvert a movement for conservation and sustainability and harness it in order to create the next big bubble.

[youtube://http://www.youtube.com/watch?v=O5mSWLnJXY0 450 300]

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O’Rourke: Central Banks are Losing Credibility

Mike O’Rourke of JonesTrading wales on the various Fed Heads and the Bank of Japan for having created a ridiculous situation where the entire market is just obsessed with every utterance from central bank chiefs, sucking away the oxygen from the real issues that should actually be driving markets.

He writes in this evening’s note that the events of the last two days are damning:

Losing Credibility.    

Earlier this month we highlighted comments Chairman Bernanke made a decade ago … “I worry about the effects on the long-run stability and efficiency of our financial system if the Fed attempts to substitute its judgments for those of the market.  Such a regime would only increase the unhealthy tendency of investors to pay more attention to rumors about policymakers’ attitudes than to the economic fundamentals that by rights should determine the allocation of capital.”  ….”

Full article

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$P Gaps Up on Revenue Beat

“NEW YORK (TheStreet) — Pandora Media (P_) shares were jumping more than 9% to $18.73 in afterhours trading after the biggest online radio service beat first-quarter revenue expectations. The company’s revenue outlook also topped expectations as its mobile advertising sales accelerated and the company added more subscribers during the quarter.

“Pandora continues to expand its mobile leadership,” stated CEO Joe Kennedy, who announced in March that he planned to step down after a successor was found. “Mobile listening hours and mobile ad revenue reached record highs, with growth in mobile ad revenue exceeding growth in mobile listening hours. During the quarter, we successfully implemented a mobile listening limit, enabling us to manage our content acquisition costs with minimal impact on listenership or revenue growth. Pandora’s subscriber base surpassed 2.5 million, adding more net new subscribers in the quarter than in all of fiscal 2013, giving Pandora the largest US streaming subscriber base of any music service.”

During the first quarter, mobile revenue grew 101% year-over-year to $86.7 million, outpacing mobile listener hour growth, which grew 47% year-over-year. Also, Pandora One subscribers surpassed 2.5 million, adding over 700,000 net new subscribers in the first quarter and growing 114% year-over-year. Total listener hours grew 35% to 4.18 billion…..”

Full report

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