UBS expects to save $2.5 billion
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AP Survey Reveals No Recession, But Rather Tepid Growth
Fear factor is high on the list of worries, but those surveyed feel there will be no double dip….
Comments »Korea Investment, a Sovereign Wealth Fund, Added $78 Million Worth of BAC Common Shares
Oil Rises on Libya and U.S. Fuel Demand
Gold Pulls Back From Above $1910 Per Oz.
World Markets and U.S. Futures Rally Again on Fed Speculation
This time Asia sticks it and Europe seems to be powering through the day on the upside.
Comments »Late Night Fun: Spelling Does Not Matter
I finally got my excuse to be a bad speller.
[youtube:http:www.youtube.com/watch?v=Um1lA9m4wL0 450 300]Comments »
Wage Slaves Will of Course Pay More Taxes
Baby Boom Generation Renamed “Wage Slave Generation”
The Corporations Behind The Iron Curtain
So the latest study shows how just 147 corporations control nearly 40% of all “monetary transnational transactions…”
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CDS Market Spreads Officially Worse Than 2008
Fed’s Fisher: The Beard Clam Bernanke May Disappoint Markets
“U.S. Federal Reserve Chairman Ben Bernanke is “not the tooth fairy,” a top Fed official told Fox Business Network Monday, suggesting the Fed chief won’t use a speech later this week to extend new monetary stimulus.”
Comments »Harry Dent Got it All Wrong
Anyone remember Harry Dent and his Roaring DOW 20k theory ?
Well it may be the opposite now that retirees are pulling down huge wads of cash to get by in today’s economy…
Comments »Your Tax Dollars Swirl Around the Bowl on This One
A small stretch of track in NJ will be upgraded so that Amtrak trains can arrive a little over a minute sooner. The cost $4.5 million per second…
Comments »Soros: The Market Has All But Guaranteed a Double Dip
“…financial markets have a very safe way of predicting the future. They cause it. And the markets have decided that America is going to see a recession…”
Comments »War Against Libya Cost US $896 Mill
Early Night Fun: Today’s Market Action
Asia is moving higher with S. Korea popping 1%. Exporters lead the rally on speculation the clam will make fiscal stimulus announcements in Jackson Hole.
Will Asian markets mimic today’s action in the U.S. ?
Steven Roach: “to get Americans spending again; national debt forgiveness,”
A practice that came about in the 1930’s needs top be tried again to help boost the economy according to Roach. Roach suggests forgiveness of “excesses of mortgage , installment and revolving credit,” to help the deleveraging process.
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Guy Adami on Goldman Sachs: ”This is not a buying opportunity,”
Despite the 1x tangible book value the stocks is not considered cheap. Investor should wait until more information arises as to why the stock is in a race to much lower ground.
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