Posts Tagged ‘finance’

S&P estimates of Dodd-Frank TBTF now at $22 billion

Tuesday, November 2nd, 2010

Full story here from ZeroHedge. Billion? It should be TRILLION if we’re really going to be honest.

S&P has released its first official estimate of what it believes the cost of Donk will be on the Too Vampiric To Fail. In a nutshell, the range of various costs could be as high as $22 billion, due to a drop in debit fees, lower derivative income, FDIC DIF replenishment, prop trading, and new compliance expenses. Additionally S&P expects another $85 billion in additional required Tier 1 Capital (which is a joke compared to its Tangible Common cousin). (more…)

Still stepping in the Bernanke

Monday, November 1st, 2010

Full story here from Mike Whitney via CounterPunch.

On Friday, The Bureau of Economic Analysis (BEA) reported that 3rd Quarter GDP rose by 2% meeting most analysts expectations. The real story, however, is hidden in the data. Inventories added 1.44 percentage points to the 3Q real GDP, which means that–absent the boost to existing stockpiles– GDP would be well-below 1%. If it wasn’t for Obama’s fiscal stimulus (ARRA), the economy would be sliding back into recession. (more…)

Most sobering lecture on our future

Sunday, October 31st, 2010

Full story here.

The tipping point has arrived

Thursday, October 28th, 2010

Full story here from ZeroHedge.

The Tipping Point has Arrived

Our age is retrospective.  It builds the sepulchres of the fathers.  It writes biographies, histories, and criticism.  The foregoing generations beheld God and nature face to face; we, through their eyes.  Why should not we also enjoy an original relation to the universe?  Why should not we have the a poetry and philosophy of insight and not of tradition, and a religion by revelation to us, and not the history of theirs?  Embosomed for a season in nature, whose floods of life stream around and through us, and invite us, by the powers they supply, to action proportioned to nature, why should we grope among the dry bones of the past, or put the living generation into masquerade out of its faded wardrobe?  The sun shines today also.  There is more wool and flax in the fields.  There are new lands, new men, new thoughts.  Let us demand out own works and laws and worship.

- Ralph Waldo Emerson, Nature (more…)

The US has launched a new financial world war

Monday, October 11th, 2010

Full story here from Michael Hudson via CounterPunch.

What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1 per cent interest cost? This is the game that is being played today. (more…)

Forget recession, the empire is crumbling

Thursday, September 23rd, 2010

Full story here from ZeroHedge.

I look around me and I see an Empire in Decline.

The US economy is clearly in a depression… not a recession, not a recovery, but a DEPRESSION. More than 40 million Americans (12%) are on Food stamps. Nearly one in five of us are unemployed of underemployed. Folks go to Wal-Mart at 11PM waiting for their government checks to clear at midnight so they can buy baby formula, milk and other necessities. (more…)

Latest real estate ticking time bomb

Monday, September 20th, 2010

Full story here from Naked Capitalism.

Another ticking time bomb in the realm of real estate bad behavior is bound to go off sooner rather than later, and it is likely to impede normalization of values of residential property.

As readers no doubt know, there is a lot of actual and shadow residential real estate inventory in the US. The time from serious delinquency to foreclosure has lengthened considerably, due not just to crowded court dockets, but also bank/servicer disinclination to take possession (reasons include that investors take a dim view of bank real estate holdings; the bank is liable for expenses, most important real estate taxes, once it takes possession; more foreclosures would lead banks to have to write down clearly overvalued second mortgages, leading to losses and lowering bank capital levels). (more…)

Learning Good Tips From Stories Of Successful Forex Traders

Thursday, September 16th, 2010

Stories of successful Forex traders are stories that can help you grow and learn as you develop your own new trading skills. There are real stories and made up stories online, and finding the real ones provide you with a much more well rounded insight into the trading industry. While a good story will certainly inspire you, it’s not enough. You want to be educated as well.

Forex trading isn’t a one time learning process. Instead, you’ll find that you need to put in a lot of hours learning and focusing on how the system works and what separates the winners. System learning is common and generally tends to work. The one missing element of system trading is the education on how to cope with the stress. You won’t be able to learn much until you experience some of it, but you can gain specific insight which will help you later on.

Most systems start off using fake money. This helps you develop the skills. However, since you are using fake money, there’s little to no element of risk. Thus, you are only developing skills. Your transition to real money will add pressure.

Stories of successful Forex traders can give you a wide and full picture of how they responded to dealing with their own real cash. Since it changes so much emotionally for some people, this can help paint a more accurate picture while you’re still learning the trade. The stories that will provide the most benefit are those that delve deep into all aspects of trading, including the stress and the sweating that is typical of almost all traders.

The more you start to understand the Forex trading world, the easier it will be for you to find legitimate stories and draw real experience from them. You’ll be able to spot the made up stories that offer the same concept over and over. That concept is outlined with the success with pretend money, a stumble with the real money, and then success again.

Self discovery is part of the learning process. We all make mistakes and we all look at those mistakes in our way. If you want to be able to earn a very nice living from the Forex trading world, your mistakes are going to have to be learning experiences rather than stressful experiences. If a loss means you can’t pay the rent then you’re going to be in for a serious awakening.

Any time you move from one area of expertise to another, you will run into snags. Forex trading is so different than most of the careers that people leave to learn trading. This can be a huge transition and one that takes a lot of adjustment. When you consider just how many hours are placed into learning to be an expert in any given field, you can put the learning process into perspective. This is how you’ll start to recognize the real stories of successful Forex traders.

You can predict the market with forex news. A reputable forex review portal can help decide better.

Interview with Catherine Austin Fitts

Monday, August 30th, 2010

Full story here. Take the time to read ALL of this– you’ll be glad you did.

Hardly another serious plague to society is associated with more hypocrisy and erroneous assumptions than the drug business. So Lars Schall talked with Catherine Austin Fitts, who explains the real deal: “It’s a very old business. It goes back to the question of how you control the most territory with the fewest players as possible.” (more…)

Mapping the tipping points

Saturday, August 21st, 2010

Full story here from ZeroHedge.

Submitted by Gordon T Long of Tipping Points

Preserve and Protect: Mapping The Tipping Points

The economic news has turned decidedly negative globally and a sense of ‘quiet before the storm’ permeates the financial headlines. Arcane subjects such as a Hindenburg Omen now make mainline news. The retail investor continues to flee the equity markets and in concert with the institutional players relentlessly pile into the perceived safety of yield instruments, though they are outrageously expensive by any proven measure. Like trying to buy a pump during a storm flood, people are apparently willing to pay any price.  As a sailor, it feels like the ominous period where the crew is fastening down the hatches and preparing for the squall that is clearly on the horizon. Few crew mates are talking as everyone is checking preparations for any eventuality. Are you prepared? (more…)